Reports

Global Laboratory Informatics Market to Grow at a CAGR of 8.1% During 2021-2026, Aided by the Increasing Research and Development (R&D) Activities

Laboratory Informatics Market

Global Laboratory Informatics Market: By Product: Laboratory Information Management System (LIMS), Electronic Lab Notebooks (ELN), Others; By Component; By Delivery Mode; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: Swot Analysis; Competitive Landscape; Industry Events and Developments

Global Laboratory Informatics Market Outlook

The global laboratory informatics market attained a value of about USD 3.27 billion in 2022. The market is further expected to grow in the forecast period of 2023-2028 at a CAGR of 8.1% to reach nearly USD 5.26 billion by 2028.

 

Global Laboratory Informatics Market

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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.

 

Global Laboratory Informatics Market by Segment

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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.

 

Global Laboratory Informatics Market by Region

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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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and
Forecast Market Analysis by Segment- Product, Component, Delivery Mode, Region
Breakup by Product 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)
Breakup by Component Software, Services
Breakup by Delivery Mode On-Premises, Web-Hosted, Cloud-Based
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered STARLIMS Corporation, Agilent Technologies, Inc., Cerner Corporation, McKesson Corporation, Thermo Fisher Scientific company, LabLynx, Inc., Others
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 (2018-2022) 
    8.3    Global Laboratory Informatics Market Forecast (2023-2028)
    8.4    Global Laboratory Informatics Market by Product
        8.4.1    Laboratory Information Management System (LIMS)
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Electronic Lab Notebooks (ELN)
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
        8.4.3    Enterprise Content Management (ECM)
            8.4.3.1    Historical Trend (2018-2022)
            8.4.3.2    Forecast Trend (2023-2028)
        8.4.4    Laboratory Execution System (LES)
            8.4.4.1    Historical Trend (2018-2022)
            8.4.4.2    Forecast Trend (2023-2028)
        8.4.5    Chromatography Data System (CDS)
            8.4.5.1    Historical Trend (2018-2022)
            8.4.5.2    Forecast Trend (2023-2028)
        8.4.6    Scientific Data Management System (SDMS)
            8.4.6.1    Historical Trend (2018-2022)
            8.4.6.2    Forecast Trend (2023-2028)
        8.4.7    Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
            8.4.7.1    Historical Trend (2018-2022)
            8.4.7.2    Forecast Trend (2023-2028)
    8.5    Global Laboratory Informatics Market by Component
        8.5.1    Software
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Services
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
    8.6    Global Laboratory Informatics Market by Delivery Mode
        8.6.1    On-Premises
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Web-Hosted
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Cloud-Based
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)    
     8.7    Global Laboratory Informatics Market by Region
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022)
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Laboratory Informatics Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Laboratory Informatics Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Laboratory Informatics Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Laboratory Informatics Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Laboratory Informatics Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    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, 2018 and 2028
2.    Global Laboratory Informatics Historical Market: Breakup by Product (USD Million), 2018-2022
3.    Global Laboratory Informatics Market Forecast: Breakup by Product (USD Million), 2023-2028
4.    Global Laboratory Informatics Historical Market: Breakup by Component (USD Million), 2018-2022
5.    Global Laboratory Informatics Market Forecast: Breakup by Component (USD Million), 2023-2028
6.    Global Laboratory Informatics Historical Market: Breakup by Delivery Mode (USD Million), 2018-2022
7.    Global Laboratory Informatics Market Forecast: Breakup by Delivery Mode (USD Million), 2023-2028
8.    Global Laboratory Informatics Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Laboratory Informatics Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Laboratory Informatics Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Laboratory Informatics Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Laboratory Informatics Market Structure

Key Questions Answered in the Report

What was the global laboratory informatics market size in 2022?

In 2022, the global laboratory informatics market attained a value of nearly USD 3.27 billion.

What is the growth rate of the market?

The market is projected to grow at a CAGR of 8.1% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 5.26 billion by 2028.

What are the major industry drivers?

The market is being driven by the growing demand for cloud-based laboratory informatics and the penetration of various innovative laboratory informatics start-ups.

What are the key industry trends of the global laboratory informatics market?

The market is expected to be aided by the rising adoption of laboratory information management software (LIMS), the increasing penetration of biobanks, and the integration of artificial intelligence (AI) in laboratory informatics.

What are the major regional markets of laboratory informatics, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the major products of laboratory informatics in the industry?

The major products of laboratory informatics in the industry 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).

What are the various components of laboratory informatics?

The various components of laboratory informatics are software and services.

What are the significant delivery modes of laboratory informatics?

The significant delivery modes in the market are on-premises, web-hosted, and cloud-based.

Who are the key industry players, according to the report?

The major players in the industry 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 3.27 billion in 2022, 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 2023-2028, growing at a CAGR of 8.1%. The market is projected to reach about USD 5.26 billion by 2028.

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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