Laboratory Informatics Market Worth $6.1 Billion by 2030
Added: (Thu Aug 31 2023)
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According to this latest publication from Meticulous Researchฎ, the global laboratory informatics market is projected to reach $6.1 billion by 2030, at a CAGR of 6.9% during the forecast period. Increasing R&D activities in the life sciences industry, growing use of automation in laboratories, technological advancements in laboratory informatics solutions, and the rising need to comply with regulatory frameworks are the factors driving the growth of this market. Furthermore, untapped markets in emerging economies and the increasing use of laboratory informatics in the cannabis industry are likely to offer better growth opportunities for market expansion. However, the lack of skilled healthcare professionals for handling advanced digital solutions and the lack of integration standards for LIMS pose a major challenge to the growth of the laboratory informatics market.
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Scope of the Report:
Laboratory Informatics Market, by Solution Type
Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Chromatography Data Systems (CDS)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Laboratory Execution Systems (LES)
Enterprise Content Management (ECM)
Scientific Data Management Systems (SDMS)
Laboratory Informatics Market, by Delivery Mode
Web-based Solution
Cloud-based Solution
On-premise Solution
Laboratory Informatics Market, by Component
Service
Software
Laboratory Informatics Market, by End User
Life Sciences
o Pharmaceutical & Biotechnology Companies
o Academic & Research Institutes
o Biobanks & Biorepositories
o CMOs & CROs
o Other Life Science Users
Food & Beverage
Chemical Industry
Petrochemicals and Oil & Gas Industry
Environmental Testing Laboratories
Other End Users**
(Note: *Others include diagnostic laboratories and toxicology laboratories)
(**Other end users include forensic laboratories, and mining & metal laboratories)
Laboratory Informatics Market, by Geography
North America
o U.S.
o Canada
Europe
o Germany
o U.K.
o France
o Italy
o Spain
o Rest of Europe (RoE)
Asia-Pacific (APAC)
o China
o Japan
o India
o Rest of APAC (RoAPAC)
Latin America
o Brazil
o Mexico
o Rest of Latin America (RoLATAM)
Middle East & Africa
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Clinical Trial Management System Market: Future Outlook
The global laboratory informatics market is segmented by Solution Type (Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture & Clinical Data Management Systems (EDCS/EDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), and Scientific Data Management Systems (SDMS)), Delivery Mode (Web-based, Cloud-based, and On-Premise), Component (Service and Software), End User (Life Sciences {Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Biobanks & Biorepositories, CMOs & CROs, Other Life Science Users}, Food & Beverage Industry, Chemical Industry, Petrochemicals and Oil & Gas Industry, Environmental Testing Laboratories, and Other End Users) and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.
Based on solution type, in 2023, the laboratory information management systems (LIMS) segment is expected to account for the largest share of the market. The large market share of this segment is attributed to its advantages, such as the integration of instruments, workflow automation, and management of samples & associated information. It also helps to improve lab productivity and efficiency.
Based on component, the laboratory informatics market is segmented into services and software. In 2023, the services segment is expected to account for the largest share of this market. The large market share of this segment is attributed to the evolving regulatory requirements, technological advancements in laboratory informatics, and adoption of cloud-based solutions, resulting in increased demand for recurring services such as validation, integration, management, and other lab informatics services.
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Based on end user, in 2023, the life sciences segment is expected to account for the largest share of this market. The large market share of this segment can be attributed to the increased regulatory pressures on pharmaceutical companies to maintain data integrity, validity, and security; rising R&D activities; the growing need to improve laboratory productivity; and cost efficiency.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. In 2023, North America is expected to account for the largest share of the global laboratory informatics market due to the increase in R&D investments, stringent regulatory requirements, and a surge in the adoption of new technologies.
Key Players
The key players operating in the global laboratory informatics market are Agilent Technologies, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), ID Business Solutions Limited (U.K.), PerkinElmer, Inc. (U.S.), STARLIMS Corporation (U.S.), Labworks (U.S.), LabLynx, Inc. (U.S.), LabVantage Solutions Inc. (U.S.), LabWare, Inc. (U.S.), Autoscribe Informatics (U.K.), Novatek International (Canada), Dassault Syst่mes (France), and Waters Corporation (U.S.).
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Key questions answered in the report-
Which are the high-growth market segments in terms of solution type, delivery mode, component, end user, and regions/countries?
What was the historical market for laboratory informatics across the globe?
What are the market forecasts and estimates for the period 20232030?
What are the major drivers, restraints, challenges, opportunities, and trends in the global market of laboratory informatics?
Who are the major players in the global laboratory informatics market?
What is the competitive landscape, and who are the market leaders in the global laboratory informatics market?
What are the recent developments in the laboratory informatics market?
What are the different strategies adopted by the major players in the laboratory informatics market?
What are the geographical trends and high-growth regions/countries?
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