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Global Laboratory Informatics Market Size, Forecast: By Product: Laboratory Information Management System (LIMS), Electronic Lab Notebooks (ELN), Enterprise Content Management (ECM), Laboratory Execution System (LES), Others; By Component; By Delivery Mode; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Laboratory Informatics Market Outlook
The global laboratory informatics market attained a value of about USD 3.53 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 8.2% to reach nearly USD 7.18 billion by 2032.
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Growing Demand for Cloud-Based Laboratory Informatics Fuelling the Market Growth
The rising demand for cloud-based laboratory informatics is propelling the growth of the market. The high efficiency, consistency, and durability provided by cloud laboratory informatics make it ideal for use in research activities with a huge amount of data. As Software as a Service (SaaS) offers the most accessible adoption and deployment of cloud laboratory informatics, its demand is significantly surging.
The convenience and ease of use offered by cloud laboratory informatics are further surging their demand, hence bolstering the market growth. The development of cloud laboratory informatics that can provide enhanced data security and prevent data loss is expected to significantly contribute to the market growth in the forecast period.
The penetration of various start-ups offering user-friendly and cost-effective cloud-based laboratory informatics is augmenting the market growth. In addition, the demand for cloud-based laboratory informatics skyrocketed amidst the COVID-19 crisis as various laboratories adopted laboratory information management systems (LIMS) to boost their testing capacities and streamline workflows. For instance, in May 2020, Ovation.io, a laboratory informatics start-up, provided its advanced infrastructure solution to double the testing capacity of COVID-19 infections to various laboratories.
Laboratory Informatics: Market Segmentation
Laboratory informatics refers to the deployment of information technology (IT) to enhance data collection and analysis in laboratories. It is critical to ensure the reliability and quality of data. Laboratory informatics is typically used in scientific research activities to streamline the workflow and boost the accuracy of experiments.
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The major products of laboratory informatics are:
- Laboratory Information Management System (LIMS)
- Electronic Lab Notebooks (ELN)
- Enterprise Content Management (ECM)
- Laboratory Execution System (LES)
- Chromatography Data System (CDS)
- Scientific Data Management System (SDMS)
- Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
By component, the market is bifurcated into:
- Software
- Services
The market can be broadly categorised on the basis of its delivery modes into:
- On-Premises
- Web-Hosted
- Cloud-Based
The EMR report looks into the regional markets of laboratory informatics like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Increasing Adoption of Laboratory Information Management Software (LIMS) to Bolster the Market Growth
The rising deployment of laboratory information management software (LIMS) owing to the increasing requirement for seamless data transfer in laboratories is fuelling the market growth. The rising adoption of new equipment and testing is also surging the demand for the software to enable the efficient operation of multiple workflows. Moreover, the increasing penetration of biobanks collecting biological samples is escalating the deployment of laboratory information management software (LIMS) to manage and track bio-samples. The development of innovative laboratory information management software (LIMS) with enhanced compatibility is expected to fuel the growth of the industry in the forecast period.
The integration of the latest technology, such as artificial intelligence (AI), in laboratory informatics, is driving the industry growth. As research activities in the healthcare sector are surging, intelligent laboratory informatics is deployed to develop a highly efficient treatment for patients. Moreover, it accelerates research and development (R&D) by accurately analysing the data to eliminate the requirement for manual labour. The initiation of various clinical trials by the leading pharmaceutical companies for drug discovery is increasing the demand for seamless and flexible laboratory informatics. This, in turn, is also surging the deployment of artificial intelligence (AI)- based laboratory informatics to efficiently process, analyse, and manage complex data.
Key Industry Players in the Global Laboratory Informatics Market
The report presents a detailed analysis of the following key players in the global laboratory informatics market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- STARLIMS Corporation
- Agilent Technologies, Inc.
- Cerner Corporation
- McKesson Corporation
- Thermo Fisher Scientific company
- LabLynx, Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Component |
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| Breakup by Delivery Mode |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Laboratory Informatics Market Analysis
8.1 Key Industry Highlights
8.2 Global Laboratory Informatics Historical Market (2017-2023)
8.3 Global Laboratory Informatics Market Forecast (2024-2032)
8.4 Global Laboratory Informatics Market by Product
8.4.1 Laboratory Information Management System (LIMS)
8.4.1.1 Historical Trend (2017-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electronic Lab Notebooks (ELN)
8.4.2.1 Historical Trend (2017-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Enterprise Content Management (ECM)
8.4.3.1 Historical Trend (2017-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Laboratory Execution System (LES)
8.4.4.1 Historical Trend (2017-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Chromatography Data System (CDS)
8.4.5.1 Historical Trend (2017-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Scientific Data Management System (SDMS)
8.4.6.1 Historical Trend (2017-2023)
8.4.6.2 Forecast Trend (2024-2032)
8.4.7 Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
8.4.7.1 Historical Trend (2017-2023)
8.4.7.2 Forecast Trend (2024-2032)
8.5 Global Laboratory Informatics Market by Component
8.5.1 Software
8.5.1.1 Historical Trend (2017-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Services
8.5.2.1 Historical Trend (2017-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Laboratory Informatics Market by Delivery Mode
8.6.1 On-Premises
8.6.1.1 Historical Trend (2017-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Web-Hosted
8.6.2.1 Historical Trend (2017-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Cloud-Based
8.6.3.1 Historical Trend (2017-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Laboratory Informatics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2017-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2017-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2017-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2017-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2017-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Laboratory Informatics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2017-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2017-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Laboratory Informatics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2017-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2017-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2017-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2017-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Laboratory Informatics Market Analysis
11.1 China
11.1.1 Historical Trend (2017-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2017-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2017-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2017-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2017-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Laboratory Informatics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2017-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2017-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2017-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Laboratory Informatics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2017-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2017-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2017-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2017-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 STARLIMS Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Agilent Technologies, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cerner Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 McKesson Corporation
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Thermo Fisher Scientific company
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 LabLynx, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Laboratory Informatics Market: Key Industry Highlights, 2017 and 2032
2. Global Laboratory Informatics Historical Market: Breakup by Product (USD Million), 2017-2023
3. Global Laboratory Informatics Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Laboratory Informatics Historical Market: Breakup by Component (USD Million), 2017-2023
5. Global Laboratory Informatics Market Forecast: Breakup by Component (USD Million), 2024-2032
6. Global Laboratory Informatics Historical Market: Breakup by Delivery Mode (USD Million), 2017-2023
7. Global Laboratory Informatics Market Forecast: Breakup by Delivery Mode (USD Million), 2024-2032
8. Global Laboratory Informatics Historical Market: Breakup by Region (USD Million), 2017-2023
9. Global Laboratory Informatics Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2017-2023
11. North America Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2017-2023
13. Europe Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2017-2023
15. Asia Pacific Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2017-2023
17. Latin America Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2017-2023
19. Middle East and Africa Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Laboratory Informatics Market Structure
Key Questions Answered in the Report
In 2023, the global laboratory informatics market attained a value of nearly USD 3.53 billion.
The market is projected to grow at a CAGR of 8.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 7.18 billion by 2032.
The major market drivers include the rising demand for cloud-based laboratory informatics and the surging penetration of various innovative laboratory informatics start-ups.
The key trends guiding the market growth are the rising adoption of laboratory information management software (LIMS), the increasing penetration of biobanks, and the integration of artificial intelligence (AI) in laboratory informatics.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major products included in the market report are laboratory information management system (LIMS), electronic lab notebooks (ELN), enterprise content management (ECM), laboratory execution system (LES), chromatography data system (CDS), scientific data management system (SDMS), and electronic data capture (EDC) and clinical data management systems (CDMS).
The various components of laboratory informatics are software and services.
The different segments based on delivery modes of laboratory informatics considered in the market report are on-premises, web-hosted, and cloud-based.
The major players in the market are STARLIMS Corporation, Agilent Technologies, Inc., Cerner Corporation, McKesson Corporation, Thermo Fisher Scientific company, and LabLynx, Inc., among others.
Analyst Review
The global laboratory informatics market attained a value of nearly USD 3.53 billion in 2023, driven by the growing demand for cloud-based laboratory informatics. Aided by the integration of artificial intelligence (AI) in laboratory informatics, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 8.2%. The market is projected to reach about USD 7.18 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its products, the laboratory informatics industry can be segmented into laboratory information management system (LIMS), electronic lab notebooks (ELN), enterprise content management (ECM), laboratory execution system (LES), chromatography data system (CDS), scientific data management system (SDMS), and electronic data capture (EDC) and clinical data management systems (CDMS). On the basis of components, the industry is divided into software and services. By delivery mode, the market is categorised into on-premises, web-hosted, and cloud-based. The major regional markets for laboratory informatics are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include STARLIMS Corporation, Agilent Technologies, Inc., Cerner Corporation, McKesson Corporation, Thermo Fisher Scientific company, and LabLynx, Inc., among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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