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Laboratory Informatics Market Report and Forecast 2024-2032

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    Report

  • 200 Pages
  • September 2024
  • Region: Global
  • Expert Market Research
  • ID: 6016003
The global laboratory informatics market size attained a value of D 3.53 billion in 2023 driven by increasing preference for personalised medicine across the globe. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.2% to reach nearly USD 7.2 billion by 2032.

Global Laboratory informatics Market Analysis

The global laboratory informatics market encompasses software and hardware solutions that streamline and automate laboratory operations, enhancing efficiency and data management across various industries including pharmaceuticals, biotechnology, healthcare, environmental sciences, and others. These solutions encompass Laboratory Information Management Systems (LIMS), Electronic Laboratory Notebooks (ELNs), Chromatography Data Systems (CDS), and Scientific Data Management Systems (SDMS).

Market Drivers

Increasing Demand for Data Integration: There is a growing need for integrating disparate laboratory data systems into unified platforms, driven by the complexity of data generated and the desire for real-time access to information.

Regulatory Compliance: Stricter regulatory requirements across industries such as pharmaceuticals and healthcare are fuelling adoption of laboratory informatics solutions to ensure compliance and traceability of data.

Rising R&D Expenditure: Increased investment in research and development activities by pharmaceutical and biotechnology companies is boosting the demand for sophisticated informatics solutions to manage and analyse large volumes of data efficiently.

Technological Advancements: Innovations in cloud computing, AI-driven analytics, and IoT integration are enhancing the capabilities of laboratory informatics systems, driving market growth.

Challenges

High Implementation Costs: Initial setup costs and integration complexities associated with laboratory informatics systems pose challenges, particularly for smaller laboratories and emerging economies.

Data Security Concerns: With the digitisation of sensitive laboratory data, ensuring robust cybersecurity measures to protect against data breaches and cyber threats remains a critical challenge.

Resistance to Adoption: Resistance to change from traditional paper-based or legacy systems to digital informatics platforms can hinder adoption rates, particularly in conservative sectors.

Future Opportunities

Expansion in Emerging Markets: Untapped potential in emerging markets, coupled with increasing industrialisation and technological advancements, presents significant growth opportunities for laboratory informatics vendors.

Advancements in AI and Machine Learning: Integration of AI and machine learning algorithms into informatics platforms to enhance predictive analytics and data-driven decision-making processes.

Focus on Personalised Medicine: The shift towards personalised medicine and genomics-driven research is expected to drive demand for informatics solutions capable of handling complex biological and clinical data.

Remote Access and Mobility: Increasing demand for remote access and mobile solutions in laboratory settings, facilitating real-time data access and collaboration among geographically dispersed teams.

Global Laboratory informatics Market Trends

Market trends in global laboratory informatics are:

  • Cloud-Based Solutions: There is a noticeable shift towards cloud-based laboratory informatics solutions due to their scalability, flexibility, and cost-effectiveness, enabling easier access to data from anywhere.
  • Integration of AI and Machine Learning: Increasing integration of AI and machine learning algorithms into laboratory informatics platforms for advanced data analysis, predictive analytics, and automation of routine tasks.
  • Focus on Data Security: Growing emphasis on robust cybersecurity measures within laboratory informatics systems to protect sensitive data against evolving cyber threats.
  • Mobile Applications: Rise in the development of mobile applications for laboratory informatics, allowing researchers and laboratory personnel to access data and perform tasks remotely using smartphones and tablets.
  • Interoperability and Integration: Demand for seamless interoperability and integration capabilities among different laboratory informatics systems and with other enterprise systems for enhanced workflow efficiency.
  • Personalised Medicine and Genomics: Increasing adoption of laboratory informatics solutions to support personalised medicine initiatives, genomics research, and biomarker discovery.
  • Regulatory Compliance Solutions: Development of specialised modules and features within laboratory informatics systems to ensure compliance with stringent regulatory requirements in pharmaceuticals, healthcare, and other regulated industries.
  • Data Analytics and Visualization: Growing use of advanced data analytics tools and interactive visualisation techniques within laboratory informatics platforms to derive actionable insights from complex scientific data.

Global Laboratory informatics Market Segmentation

Market Breakup by Product

  • Laboratory Information Management Systems (LIMS)
  • Electronic Lab Notebooks (ELN)
  • Scientific Data Management Systems (SDMS)
  • Laboratory Execution Systems (LES)
  • Chromatography Data Systems (CDS)
  • Enterprise Content Management (ECM)
  • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
The global laboratory informatics market is segmented into key products including Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Chromatography Data Systems (CDS), Enterprise Content Management (ECM), and Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS). Key drivers such as increasing R&D expenditure, regulatory compliance needs, and technological advancements are set to propel market growth. These segments are poised for significant expansion, driven by rising demand for data integration, enhanced operational efficiency, and the adoption of AI-driven analytics. Over the forecast period, they are expected to play pivotal roles in transforming laboratory operations and driving innovation across industries.

Market Breakup by Component

  • Software
  • Services
The global laboratory informatics market is categorised into two primary components: software and services. Software, including Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), and more, drives growth through enhanced data management and regulatory compliance solutions. Services, encompassing implementation, integration, training, and support, play a crucial role in facilitating seamless adoption and operation of informatics solutions. Market drivers such as increasing R&D investments, regulatory requirements, and technological advancements are anticipated to fuel growth. This segment's future lies in leveraging software innovation and service excellence to meet evolving industry demands for efficiency, data security, and advanced analytics capabilities.

Market Breakup by Delivery Mode

  • On-Premises
  • Cloud-Based
  • Web-Hosted
The global laboratory informatics market is segmented by delivery mode into on-premises, cloud-based, and web-hosted solutions. On-premises delivery offers robust security and control over data but requires substantial upfront investment. Cloud-based solutions are gaining traction for their scalability, flexibility, and lower initial costs, catering to the increasing demand for remote access and data integration. Web-hosted solutions provide a balance between accessibility and control, suitable for organisations needing flexible deployment options. Market drivers include technological advancements, regulatory compliance needs, and the shift towards digitalisation. These delivery modes are poised to drive market growth by meeting diverse industry needs for efficiency, collaboration, and data management in the forecast period.

Market Breakup by End User

  • CROs
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Petrochemical Refineries and Oil and Gas Industry
  • Other Industries
The global laboratory informatics market is segmented by end-users, including Contract Research Organizations (CROs), the chemical industry, food and beverage/agriculture industries, environmental testing laboratories, petrochemical refineries, oil and gas industry, and other industries. CROs are driven by increased outsourcing in pharmaceutical R&D, while the chemical sector benefits from stringent regulatory compliance and efficiency gains. The food and beverage/agriculture industries focus on quality control and traceability, while environmental testing labs enhance environmental monitoring. Petrochemical and oil/gas industries rely on precise data management for safety and operational efficiency. Across all sectors, market growth is propelled by technological advancements, regulatory pressures, and the need for streamlined data integration and analytics to enhance productivity and compliance.

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
The global laboratory informatics market is segmented by region into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa (MEA). North America leads due to advanced technological adoption, substantial R&D investments, and stringent regulatory requirements driving demand for informatics solutions. Europe follows closely with a focus on healthcare innovation and industrial automation. Asia Pacific shows rapid growth attributed to expanding pharmaceutical and biotechnology sectors, alongside increasing government initiatives supporting digitalisation. Latin America and MEA are emerging markets with rising investments in healthcare infrastructure and industrial modernisation, contributing to the overall market expansion.

Global Laboratory informatics Market Competitive Landscape

The competitive landscape of the laboratory informatics market features key players like STARLIMS Technologies Ltd. (Abbott), Agilent Technologies, Inc., Oracle Systems Corporation, McKesson Corporation, Thermo Fisher Scientific Inc., LabLynx, Inc., LabWare Ltd, LabVantage Solutions Inc., PerkinElmer Inc., and Dassault Systèmes SE. These companies engage in frequent mergers and acquisitions to expand their product portfolios and geographic presence. Research initiatives focus on enhancing data analytics and compliance solutions, while new product introductions aim to meet evolving industry needs for efficiency and regulatory compliance. Partnerships are common for integrating advanced technologies and enhancing service offerings, reflecting a dynamic market environment driven by technological innovation and strategic collaborations.

Key Questions Answered in the Report

  • What is the current and future performance of the laboratory informatics market?
  • What are the main challenges facing the laboratory informatics market?
  • What are the key drivers of the laboratory informatics market?
  • What emerging trends are shaping the future of the laboratory informatics market?
  • How are AI and machine learning transforming informatics for predictive analytics?
  • What factors are driving significant expansion in the laboratory informatics market?
  • How do software and services contribute to growth in laboratory informatics?
  • How are technological advancements and regulatory compliance driving growth in laboratory informatics delivery modes?
  • How are healthcare infrastructure investments in Latin America and MEA shaping the laboratory informatics market?

Key Benefits for Stakeholders

  • The industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the global laboratory informatics market from 2017-2032.
  • The research report provides the latest information on the market drivers, challenges, and opportunities in the laboratory informatics market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the global laboratory informatics industry and its attractiveness.
  • The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.


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Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Laboratory Informatics Market Overview
3.1 Global Laboratory Informatics Market Historical Value (2017-2023)
3.2 Global Laboratory Informatics Market Forecast Value (2024-2032)
4 Vendor Positioning Analysis
4.1 Key Vendors
4.2 Prospective Leaders
4.3 Niche Leaders
4.4 Disruptors
5 Global Laboratory Informatics Market Landscape*
5.1 Global Laboratory Informatics: Developers Landscape
5.1.1 Analysis by Year of Establishment
5.1.2 Analysis by Company Size
5.1.3 Analysis by Region
5.2 Global Laboratory Informatics: Product Landscape
5.2.1 Analysis by Product
6 Global Laboratory Informatics Market Dynamics
6.1 Market Drivers and Constraints
6.2 SWOT Analysis
6.2.1 Strengths
6.2.2 Weaknesses
6.2.3 Opportunities
6.2.4 Threats
6.3 PESTEL Analysis
6.3.1 Political
6.3.2 Environmental
6.3.3 Social
6.3.4 Technological
6.3.5 Ethical
6.3.6 Legal
6.4 Porter’s Five Forces Model
6.4.1 Bargaining Power of Suppliers
6.4.2 Bargaining Power of Buyers
6.4.3 Threat of New Entrants
6.4.4 Threat of Substitutes
6.4.5 Degree of Rivalry
6.5 Key Demand Indicators
6.6 Key Price Indicators
6.7 Industry Events, Initiatives, and Trends
6.8 Value Chain Analysis
7 Global Laboratory Informatics Market Segmentation (2017-2032)
7.1 Global Laboratory Informatics Market (2017-2032) by Product
7.1.1 Market Overview
7.1.2 Laboratory Information Management Systems (LIMS)
7.1.3 Electronic Lab Notebooks (ELN)
7.1.4 Scientific Data Management Systems (SDMS)
7.1.5 Laboratory Execution Systems (LES)
7.1.6 Chromatography Data Systems (CDS)
7.1.7 Enterprise Content Management (ECM)
7.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
7.2 Global Laboratory Informatics Market (2017-2032) by Component
7.2.1 Market Overview
7.2.2 Software
7.2.3 Services
7.3 Global Laboratory Informatics Market (2017-2032) by Delivery Mode
7.3.1 Market Overview
7.3.2 On-Premises
7.3.3 Cloud-Based
7.3.4 Web-Hosted
7.4 Global Laboratory Informatics Market (2017-2032) by End User
7.4.1 Market Overview
7.4.2 CROs
7.4.3 Chemical Industry
7.4.4 Food and Beverage and Agriculture Industries
7.4.5 Environmental Testing Laboratories
7.4.6 Petrochemical Refineries and Oil and Gas Industry
7.4.7 Other Industries
7.5 Global Laboratory Informatics Market (2017-2032) by Region
7.5.1 Market Overview
7.5.2 North America
7.5.3 Europe
7.5.4 Asia Pacific
7.5.5 Latin America
7.5.6 Middle East and Africa
8 North America Laboratory Informatics Market (2017-2032)
8.1 North America Laboratory Informatics Market (2017-2032) by Product
8.1.1 Market Overview
8.1.2 Laboratory Information Management Systems (LIMS)
8.1.3 Electronic Lab Notebooks (ELN)
8.1.4 Scientific Data Management Systems (SDMS)
8.1.5 Laboratory Execution Systems (LES)
8.1.6 Chromatography Data Systems (CDS)
8.1.7 Enterprise Content Management (ECM)
8.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
8.2 North America Laboratory Informatics Market (2017-2032) by Component
8.2.1 Market Overview
8.2.2 Software
8.2.3 Services
8.3 North America Laboratory Informatics Market (2017-2032) by Delivery Mode
8.3.1 Market Overview
8.3.2 On-Premises
8.3.3 Cloud-Based
8.3.4 Web-Hosted
8.4 North America Laboratory Informatics Market (2017-2032) by Country
8.4.1 United States of America
8.4.2 Canada
9 Europe Laboratory Informatics Market (2017-2032)
9.1 Europe Laboratory Informatics Market (2017-2032) by Product
9.1.1 Market Overview
9.1.2 Laboratory Information Management Systems (LIMS)
9.1.3 Electronic Lab Notebooks (ELN)
9.1.4 Scientific Data Management Systems (SDMS)
9.1.5 Laboratory Execution Systems (LES)
9.1.6 Chromatography Data Systems (CDS)
9.1.7 Enterprise Content Management (ECM)
9.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
9.2 Europe Laboratory Informatics Market (2017-2032) by Component
9.2.1 Market Overview
9.2.2 Software
9.2.3 Services
9.3 Europe Laboratory Informatics Market (2017-2032) by Delivery Mode
9.3.1 Market Overview
9.3.2 On-Premises
9.3.3 Cloud-Based
9.3.4 Web-Hosted
9.4 Europe Laboratory Informatics Market (2017-2032) by Country
9.4.1 United Kingdom
9.4.2 Germany
9.4.3 France
9.4.4 Italy
9.4.5 Others
10 Asia Pacific Laboratory Informatics Market (2017-2032)
10.1 Asia Pacific Laboratory Informatics Market (2017-2032) by Product
10.1.1 Market Overview
10.1.2 Laboratory Information Management Systems (LIMS)
10.1.3 Electronic Lab Notebooks (ELN)
10.1.4 Scientific Data Management Systems (SDMS)
10.1.5 Laboratory Execution Systems (LES)
10.1.6 Chromatography Data Systems (CDS)
10.1.7 Enterprise Content Management (ECM)
10.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
10.2 Asia Pacific Laboratory Informatics Market (2017-2032) by Component
10.2.1 Market Overview
10.2.2 Software
10.2.3 Services
10.3 Asia Pacific Laboratory Informatics Market (2017-2032) by Delivery Mode
10.3.1 Market Overview
10.3.2 On-Premises
10.3.3 Cloud-Based
10.3.4 Web-Hosted
10.4 Asia Pacific Laboratory Informatics Market (2017-2032) by Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 ASEAN
10.4.5 Australia
10.4.6 Others
11 Latin America Laboratory Informatics Market (2017-2032
11.1 Latin America Laboratory Informatics Market (2017-2032) by Product
11.1.1 Market Overview
11.1.2 Laboratory Information Management Systems (LIMS)
11.1.3 Electronic Lab Notebooks (ELN)
11.1.4 Scientific Data Management Systems (SDMS)
11.1.5 Laboratory Execution Systems (LES)
11.1.6 Chromatography Data Systems (CDS)
11.1.7 Enterprise Content Management (ECM)
11.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
11.2 Latin America Laboratory Informatics Market (2017-2032) by Component
11.2.1 Market Overview
11.2.2 Software
11.2.3 Services
11.3 Latin America Laboratory Informatics Market (2017-2032) by Delivery Mode
11.3.1 Market Overview
11.3.2 On-Premises
11.3.3 Cloud-Based
11.3.4 Web-Hosted
11.4 Latin America Laboratory Informatics Market (2017-2032) by Country
11.4.1 Brazil
11.4.2 Argentina
11.4.3 Mexico
11.4.4 Others
12 Middle East and Africa Laboratory Informatics Market (2017-2032)
12.1 Middle East and Africa Laboratory Informatics Market (2017-2032) by Product
12.1.1 Market Overview
12.1.2 Laboratory Information Management Systems (LIMS)
12.1.3 Electronic Lab Notebooks (ELN)
12.1.4 Scientific Data Management Systems (SDMS)
12.1.5 Laboratory Execution Systems (LES)
12.1.6 Chromatography Data Systems (CDS)
12.1.7 Enterprise Content Management (ECM)
12.1.8 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
12.2 Middle East and Africa Laboratory Informatics Market (2017-2032) by Component
12.2.1 Market Overview
12.2.2 Software
12.2.3 Services
12.3 Middle East and Africa Laboratory Informatics Market (2017-2032) by Delivery Mode
12.3.1 Market Overview
12.3.2 On-Premises
12.3.3 Cloud-Based
12.3.4 Web-Hosted
12.4 Middle East and Africa Laboratory Informatics Market (2017-2032) by Country
12.4.1 Saudi Arabia
12.4.2 United Arab Emirates
12.4.3 Nigeria
12.4.4 South Africa
12.4.5 Others
13 Regulatory Framework
13.1 Regulatory Overview
13.2 US FDA
13.3 EU EMA
13.4 INDIA CDSCO
13.5 JAPAN PMDA
13.6 Others
14 Patent Analysis
14.1 Analysis by Type of Patent
14.2 Analysis by Publication Year
14.3 Analysis by Issuing Authority
14.4 Analysis by Patent Age
14.5 Analysis by CPC Analysis
14.6 Analysis by Patent Valuation
14.7 Analysis by Key Players
15 Strategic Initiatives
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership and Collaborations
15.3 Analysis by Joint Ventures
15.4 Analysis by Leading Players
15.5 Analysis by Geography
16 Supplier Landscape
16.1 Market Share Analysis, By Region (Top 5 Companies)
16.1.1 Market Share Analysis: Global
16.1.2 Market Share Analysis: North America
16.1.3 Market Share Analysis: Europe
16.1.4 Market Share Analysis: Asia-Pacific
16.1.5 Market Share Analysis: Others
16.2 STARLIMS Technologies Ltd . (Abbott)
16.2.1 Financial Analysis
16.2.2 Product Portfolio
16.2.3 Demographic Reach and Achievements
16.2.4 Mergers and Acquisitions
16.2.5 Certifications
16.3 Agilent Technologies, Inc .
16.3.1 Product Portfolio
16.3.2 Demographic Reach and Achievements
16.3.3 Mergers and Acquisitions
16.3.4 Certifications
16.4 Oracle Systems Corporation
16.4.1 Financial Analysis
16.4.2 Product Portfolio
16.4.3 Demographic Reach and Achievements
16.4.4 Mergers and Acquisitions
16.4.5 Certifications
16.5 McKesson Corporation
16.5.1 Financial Analysis
16.5.2 Product Portfolio
16.5.3 Demographic Reach and Achievements
16.5.4 Mergers and Acquisitions
16.5.5 Certifications
16.6 Thermo Fisher Scientific Inc .
16.6.1 Financial Analysis
16.6.2 Product Portfolio
16.6.3 Demographic Reach and Achievements
16.6.4 Mergers and Acquisitions
16.6.5 Certifications
16.7 LabLynx, Inc .
16.7.1 Financial Analysis
16.7.2 Product Portfolio
16.7.3 Demographic Reach and Achievements
16.7.4 Mergers and Acquisitions
16.7.5 Certifications
16.8 LabWare Ltd
16.8.1 Financial Analysis
16.8.2 Product Portfolio
16.8.3 Demographic Reach and Achievements
16.8.4 Mergers and Acquisitions
16.8.5 Certifications
16.9 LabVantage Solutions Inc .
16.9.1 Financial Analysis
16.9.2 Product Portfolio
16.9.3 Demographic Reach and Achievements
16.9.4 Mergers and Acquisitions
16.9.5 Certifications
16.10 PerkinElmer Inc .
16.10.1 Financial Analysis
16.10.2 Product Portfolio
16.10.3 Demographic Reach and Achievements
16.10.4 Mergers and Acquisitions
16.10.5 Certifications
16.11 Dassault Systèmes SE
16.11.1 Financial Analysis
16.11.2 Product Portfolio
16.11.3 Demographic Reach and Achievements
16.11.4 Mergers and Acquisitions
16.11.5 Certifications
17 Global Laboratory Informatics Market - Distribution Model (Additional Insight)
17.1 Overview
17.2 Potential Distributors
17.3 Key Parameters for Distribution Partner Assessment
18 Key Opinion Leaders (KOL) Insights (Additional Insight)

Companies Mentioned

  • STARLIMS Technologies Ltd. (Abbott)
  • Agilent Technologies, Inc.
  • Oracle Systems Corporation
  • McKesson Corporation
  • Thermo Fisher Scientific Inc.
  • LabLynx, Inc.
  • LabWare Ltd
  • LabVantage Solutions Inc.
  • PerkinElmer Inc.
  • Dassault Systèmes SE

Methodology

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Table Information