Fairfield Market Researchโs latest report on the Laboratory Informatics market indicates a strong growth trajectory. The market is projected to grow at a CAGR of 5.7% from 2024 to 2031, reaching US$ 3.57 Bn by 2024 and US$ 5.25 Bn by 2031.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Technological advancements in molecular genomics and genetic testing techniques have led to a substantial increase in data collected by laboratories. This surge in data, coupled with a growing preference for customized treatment and cancer genomics investigations, is fueling the demand for lab automation systems. Increased patient interaction needs are also contributing to this growth.
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
From 2017 to 2021, the Laboratory Informatics market grew at a CAGR of 5.5%, with North America holding a significant share of the global market. The adoption of laboratory automation is expected to accelerate as the demand for laboratory informatics solutions rises. User-friendly software solutions, the migration of data to the cloud, and the increasing number of laboratory informatics companies are key trends shaping the market.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐ญ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐ซ๐จ๐ง๐ญ
The US leads the North American Laboratory Informatics market, projected to reach USD 2.1 billion by 2032, growing at a 6.1% CAGR during the forecast period. Key factors driving this regional market include policies supporting the deployment of laboratory information systems, high digital literacy, and the availability of advanced infrastructure. Additionally, rising healthcare costs and the increasing need to bend the cost curve are promoting greater use of Laboratory Information Management Systems (LIMS).
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐จ๐ฎ๐ ๐๐ง๐ ๐๐จ๐๐ข๐ฅ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ
The cloud is quickly becoming the standard for laboratory informatics software. Informatics service providers must now have a cloud and SaaS strategy to remain competitive. Moreover, the number of research laboratories utilizing cloud, mobile, and voice technologies is growing, further driving the demand for lab automation solutions.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ
While stringent regulations pose a barrier to the deployment of lab automation, they also offer development opportunities. The increasing use of robots and automation technologies in healthcare is making procedures more reproducible and predictable, allowing for faster setup, execution, and analysis of experimental data. High throughput technologies are enhancing the efficiency of laboratory operations, contributing to overall market growth.
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ: ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ง๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง
Technological advancements and increasing economic demands have led to the rapid accumulation of large volumes of data from various research and development activities, quality assurance, and manufacturing processes. This trend is expected to continue, with laboratory informatics playing a crucial role in ensuring high-quality, reliable experiment data that meets industry regulatory standards.
The US remains at the center stage for Laboratory Informatics market revenue, driven by well-established pharmaceutical businesses and the need to manage and analyze information efficiently. As the market evolves, the adoption of innovative technologies and solutions will be critical to maintaining growth and competitiveness.
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๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐จ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก
Technological advancements in molecular genomics and genetic testing techniques have led to a substantial increase in data collected by laboratories. This surge in data, coupled with a growing preference for customized treatment and cancer genomics investigations, is fueling the demand for lab automation systems. Increased patient interaction needs are also contributing to this growth.
๐๐ข๐ฌ๐ญ๐จ๐ซ๐ข๐๐๐ฅ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐๐ง๐ ๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค
From 2017 to 2021, the Laboratory Informatics market grew at a CAGR of 5.5%, with North America holding a significant share of the global market. The adoption of laboratory automation is expected to accelerate as the demand for laboratory informatics solutions rises. User-friendly software solutions, the migration of data to the cloud, and the increasing number of laboratory informatics companies are key trends shaping the market.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐ ๐๐ญ ๐ญ๐ก๐ ๐ ๐จ๐ซ๐๐๐ซ๐จ๐ง๐ญ
The US leads the North American Laboratory Informatics market, projected to reach USD 2.1 billion by 2032, growing at a 6.1% CAGR during the forecast period. Key factors driving this regional market include policies supporting the deployment of laboratory information systems, high digital literacy, and the availability of advanced infrastructure. Additionally, rising healthcare costs and the increasing need to bend the cost curve are promoting greater use of Laboratory Information Management Systems (LIMS).
๐๐ง๐๐ซ๐๐๐ฌ๐ข๐ง๐ ๐๐๐จ๐ฉ๐ญ๐ข๐จ๐ง ๐จ๐ ๐๐ฅ๐จ๐ฎ๐ ๐๐ง๐ ๐๐จ๐๐ข๐ฅ๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐ฌ
The cloud is quickly becoming the standard for laboratory informatics software. Informatics service providers must now have a cloud and SaaS strategy to remain competitive. Moreover, the number of research laboratories utilizing cloud, mobile, and voice technologies is growing, further driving the demand for lab automation solutions.
๐๐ก๐๐ฅ๐ฅ๐๐ง๐ ๐๐ฌ ๐๐ง๐ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ
While stringent regulations pose a barrier to the deployment of lab automation, they also offer development opportunities. The increasing use of robots and automation technologies in healthcare is making procedures more reproducible and predictable, allowing for faster setup, execution, and analysis of experimental data. High throughput technologies are enhancing the efficiency of laboratory operations, contributing to overall market growth.
๐ ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ญ๐ฌ: ๐๐ฑ๐ฉ๐๐ง๐ฌ๐ข๐จ๐ง ๐๐ง๐ ๐๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง
Technological advancements and increasing economic demands have led to the rapid accumulation of large volumes of data from various research and development activities, quality assurance, and manufacturing processes. This trend is expected to continue, with laboratory informatics playing a crucial role in ensuring high-quality, reliable experiment data that meets industry regulatory standards.
The US remains at the center stage for Laboratory Informatics market revenue, driven by well-established pharmaceutical businesses and the need to manage and analyze information efficiently. As the market evolves, the adoption of innovative technologies and solutions will be critical to maintaining growth and competitiveness.
Key Market Players:
- THERMO FISHER SCIENTIFIC, INC.
- CORE INFORMATICS
- LABWARE
- PERKINELMER, INC.
- LABVANTAGE SOLUTIONS, INC.
- LABLYNX, INC.
- AGILENT TECHNOLOGIES
- ID BUSINESS SOLUTIONS LTD.
- MCKESSON CORPORATION
- WATERS CORPORATION
- ABBOTT INFORMATICS
Market Segments Covered in Laboratory Informatics Market Analysis:
By Product Type
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Scientific Data Management Systems (SDMS)
- Laboratory Execution Systems (LES)
- Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- Chromatography Data Systems (CDS)
- Enterprise Content Management (ECM)
- Sclerotherapy
- Cellulite Treatment
By Deployment Mode
- On-premise
- Web-hosted
- Cloud-based
By Component
- Software
- Services
By End- user
- Life Sciences
- CROs
- Chemical Industry
- F&B and Agriculture
- Environmental Testing Labs
- Petrochemical Refineries & Oil and Gas Industry
- Other End-Users
By Region
- North America
- Latin America
- Europe
- APAC
- MEA
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Market Overview
3. Global Laboratory Informatics Market Outlook, 2018 - 2031
4. North America Laboratory Informatics Market Outlook, 2018 - 2031
5. Europe Laboratory Informatics Market Outlook, 2018 - 2031
6. Asia Pacific Laboratory Informatics Market Outlook, 2018 - 2031
7. Latin America Laboratory Informatics Market Outlook, 2018 - 2031
8. Middle East & Africa Laboratory Informatics Market Outlook, 2018 - 2031
9. Competitive Landscape
10. Appendix
Companies Mentioned
- THERMO FISHER SCIENTIFIC, INC.
- CORE INFORMATICS
- LABWARE
- PERKINELMER, INC.
- LABVANTAGE SOLUTIONS, INC.
- LABLYNX, INC.
- AGILENT TECHNOLOGIES
- ID BUSINESS SOLUTIONS LTD.
- MCKESSON CORPORATION
- WATERS CORPORATION
- ABBOTT INFORMATICS
Methodology
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