Laboratory Informatics Market (By Product: LIMS, ELN, SDMS, LES, EDC & CDMS, CDS, ECM; By Delivery Mode: On-premise, Web-hosted, Cloud-based; By Component: Software, Services; By End Use: Life Sciences Companies, CROs, Chemical Industry, F&B and Agriculture, Environmental Testing Labs, Other Industries) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2023 – 2032
The global laboratory informatics market size was estimated at USD 3.50 billion in 2022 and is expected to reach over USD 6.92 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 7.10% from 2023 to 2032.
Access our Healthcare Data Intelligence Tool with 10000+ Database, Visit: Towards Healthcare
The U.S. laboratory informatics market size was valued at USD 0.78 billion in 2022 and is projected to be worth around USD 1.53 billion by 2032, growing at g CAGR of 7% from 2023 to 2032.
North America dominated the laboratory informatics market in 2022. This is attributed to the availability of infrastructure with high digital literacy as well as legislation promoting the adoption of laboratory information systems.
Asia-Pacific, on the other hand, is expected to develop at the fastest rate during the forecast period. This is due to the growing number of CROs offering LIMS solutions in the region. To minimize the cost of LIMS support systems and increase operational efficiency, major players outsource LIMS to enterprises in this region.
Laboratory informatics is determinate as a specialized use of information technology that uses a platform of instruments, data management tools, and software to optimize and extend laboratory operations. This enables scientific data to be gathered, processed, analyzed, and transferred for immediate usage and which can be managed, saved, and shared to assist future research, lab testing efforts, and development, all while improving laboratory efficiency. One of the fastest expanding areas of laboratory technology is informatics. Laboratory informatics focuses on the technologies connected with the information management procedures.
The increased need for laboratory automation, surge in demand in biobanks and academic research institutes, rising rapid technological developments in molecular genomics, and shifting customer tendency towards cancer genomics are all driving the growth of the laboratory informatics market. Furthermore, during the forecast period, the growing popularity of cloud-based laboratory informatics, rising usage of laboratory informatics solutions, and developing considerable growth prospects in developing nations would provide lucrative opportunities for the expansion of the global laboratory informatics market.
| Report Coverage | Details |
| Market Size | US$ 6.92 Billion by 2032 |
| Growth Rate | CAGR of 7.10% from 2023 to 2032 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | Product, Delivery Mode, Component, End Use, Region |
| Companies Mentioned | Thermo Fisher Scientific Inc., LabVantage Solutions Inc., Core Informatics, ID Business Solutions Ltd., McKesson Corporation, Abbott Informatics, PerkinElmer Inc., Agilent Technologies, Waters Corporation, LabLynx Inc. |
Patients might spend less time recovering due to medical innovations including more comfortable scanning equipment and better monitoring systems. Automation in surgeries has resulted from the acceptance of technology in medical equipment and telemedicine since, in some situations, clinicians do not even need to be present in the operating room with the patient when the procedure is performed. The constant advancement of technology used in health care has resulted in the adoption of laws and regulations governing its application. As a result, new techniques of providing care can be used.
The growth of the laboratory informatics market could also be fueled by a few factors. An increase in the number of diagnoses and high precision and effectiveness of discoveries are only a few of them. The laboratory informatics solutions are used to handle laboratory information and data and follow progress throughout the laboratory procedure with high precision. As a result, laboratory informatics improves the overall effectiveness of laboratories.
In 2022, the laboratory information management systems (LIMS) segment dominated the laboratory informatics market. In the upcoming years, the demand for completely integrated services in the life sciences and research industries to reduce data management errors and increase qualitative analysis of research data is likely to drive the segment’s growth.
The enterprise content management (ECM) segment, on the other hand, is predicted to develop at the quickest rate in the future years. Enterprise content management is being widely used as it provides integrated and complete solutions to address the healthcare industry’s expanding issues.
In 2022, the cloud-based segment dominated the laboratory informatics market. Cloud-based technology allows for the remote storage of massive volumes of data, saving space on devices and facilitating data retrieval according to customer requirements.
The on-premise segment, on the other hand, is predicted to develop at the quickest rate in the future years. The installation of services and solutions on computers within the organization is known as on-premise delivery.
In 2022, the services segment dominated the laboratory informatics market. The expansion of the segment is being added by an increase in the outsourcing of LIMS solutions. Large pharmaceutical research labs outsource these services because they lack the resources and aptitude required for analytics adoption.
The software segment, on the other hand, is predicted to develop at the quickest rate in the future years. This is due to the availability of technologically advanced software such as SaaS, which provides excellent information management solutions for laboratories.
In 2022, the life science companies segment dominated the laboratory informatics market. In order to produce innovative products and increase product quality and operational efficiency, the life sciences sector is growing its demand for laboratory informatics.
The CROs segment, on the other hand, is predicted to develop at the quickest rate in the future years. The lucrative expansion of the CROs segment is being aided by increasing usage by outsourcing organizations to reduce healthcare expenses.
Key Developments
The laboratory informatics market is highly fragmented, with a huge number of small and large businesses competing. As a result, smaller businesses are forced to compete fiercely to maintain their market position. Furthermore, the businesses offer customized LIMS solutions. As a result, industry competition is expected to be fierce during the projection period. In addition, important companies are helping to build the market by forming alliances and launching new products.
Segments Covered in the Report
By Product
By Delivery Mode
By Component
By End Use
By Geography
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Laboratory Informatics Market
5.1. COVID-19 Landscape: Laboratory Informatics Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Laboratory Informatics Market, By Product
8.1. Laboratory Informatics Market, by Product Type, 2023-2032
8.1.1. LIMS
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. ELN
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. SDMS
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. LES
8.1.4.1. Market Revenue and Forecast (2020-2032)
8.1.5. EDC & CDMS
8.1.5.1. Market Revenue and Forecast (2020-2032)
8.1.6. CDS
8.1.6.1. Market Revenue and Forecast (2020-2032)
8.1.7. ECM
8.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Laboratory Informatics Market, By Delivery Mode
9.1. Laboratory Informatics Market, by Delivery Mode, 2023-2032
9.1.1. On-premise
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Web-hosted
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Cloud-based
9.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Laboratory Informatics Market, By Component
10.1. Laboratory Informatics Market, by Component, 2023-2032
10.1.1. Software
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Services
10.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Laboratory Informatics Market, By End Use
11.1. Laboratory Informatics Market, by End Use Type, 2023-2032
11.1.1. Life Sciences Companies
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. CROs
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Chemical Industry
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. F&B and Agriculture
11.1.4.1. Market Revenue and Forecast (2020-2032)
11.1.5. Environmental Testing Labs
11.1.5.1. Market Revenue and Forecast (2020-2032)
11.1.6. Petrochemical Refineries & Oil and Gas Industry
11.1.6.1. Market Revenue and Forecast (2020-2032)
11.1.7. Others
11.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Laboratory Informatics Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.1.3. Market Revenue and Forecast, by Component (2020-2032)
12.1.4. Market Revenue and Forecast, by End Use(2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.1.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Component (2020-2032)
12.1.6.4. Market Revenue and Forecast, by End Use(2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.2.3. Market Revenue and Forecast, by Component (2020-2032)
12.2.4. Market Revenue and Forecast, by End Use(2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.2.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Component (2020-2032)
12.2.6.4. Market Revenue and Forecast, by End Use(2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Component (2020-2032)
12.2.7.4. Market Revenue and Forecast, by End Use(2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Component (2020-2032)
12.2.8.4. Market Revenue and Forecast, by End Use(2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.3.3. Market Revenue and Forecast, by Component (2020-2032)
12.3.4. Market Revenue and Forecast, by End Use(2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.3.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Component (2020-2032)
12.3.6.4. Market Revenue and Forecast, by End Use(2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Component (2020-2032)
12.3.7.4. Market Revenue and Forecast, by End Use(2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Component (2020-2032)
12.3.8.4. Market Revenue and Forecast, by End Use(2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.4.3. Market Revenue and Forecast, by Component (2020-2032)
12.4.4. Market Revenue and Forecast, by End Use(2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.4.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Component (2020-2032)
12.4.6.4. Market Revenue and Forecast, by End Use(2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Component (2020-2032)
12.4.7.4. Market Revenue and Forecast, by End Use(2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Product (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Component (2020-2032)
12.4.8.4. Market Revenue and Forecast, by End Use(2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Component (2020-2032)
12.5.5.4. Market Revenue and Forecast, by End Use(2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Product (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Delivery Mode (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Component (2020-2032)
12.5.6.4. Market Revenue and Forecast, by End Use(2020-2032)
Chapter 13. Company Profiles
13.1. Thermo Fisher Scientific Inc.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. LabVantage Solutions Inc.
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Core Informatics
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. ID Business Solutions Ltd.
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. McKesson Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Abbott Informatics
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. PerkinElmer Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Agilent Technologies
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Waters Corporation
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. LabLynx Inc.
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
No cookie-cutter, only authentic analysis – take the 1st step to become a Precedence Research client
