Laboratory Informatics Market Size, Business Opportunity and Future Demand by 2028

IMARC Group has recently released a new research study titled “Laboratory Informatics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the laboratory informatics market?

The global laboratory informatics market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

What is laboratory informatics?

Laboratory informatics refers to the application of information management and technology solutions in a laboratory setting to improve efficiency, accuracy, and productivity in scientific research and data management. It involves the integration of various software, hardware, and information management systems to streamline laboratory operations, data acquisition, analysis, and reporting. It encompasses various activities, including sample tracking, data capture, instrument integration, data analysis, workflow automation, and regulatory compliance. It aims to optimize the entire laboratory process, from sample preparation and analysis to data storage and retrieval. It enables researchers to efficiently record and access information, track samples, and automate data analysis and reporting processes. It also allows scientists to manage large volumes of experimental data, including instrument-generated data, images, spectra, and experimental protocols.

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Market Trends and Growth Drivers:

At present, the increasing demand for laboratory informatics, as it reduces errors, improves data quality and integrity, and enhances collaboration, represents one of the primary factors impelling market growth. Besides this, the rising increasing focus on compliance with regulatory requirements is contributing to the growth of the market. In addition, the growing integration of laboratory informatics with other enterprise systems, such as laboratory information management systems (LIMS), electronic laboratory notebooks (ELNs), and scientific data management systems (SDMS) to improve operational efficiency and enhance communication among researchers is offering a favorable market outlook.

Apart from this, the increasing adoption of cloud-based laboratory informatics solutions due to their flexibility, scalability, and cost-effectiveness is supporting the growth of the market. Additionally, the rising integration of advanced analytics and artificial intelligence (AI) technologies in laboratory informatics systems is bolstering the growth of the market.

Who are the key players operating in the industry?

The report covers the major market players including:

Abbott Laboratories
Agilent Technologies Inc.
Dassault Systèmes
LabLynx Inc.
LabVantage Solutions Inc
LabWare, PerkinElmer Inc.
Thermo Fisher Scientific Inc.
Waters Corporation

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product:

Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Scientific Data Management Systems (SDMS)
Laboratory Execution Systems (LES)
Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
Chromatography Data Systems (CDS)
Enterprise Content Management (ECM)

Breakup by Delivery Mode:

On-premises
Web-hosted
Cloud-based

Breakup by Component:

Software
Services

Breakup by End Use:

Life Science Companies
CROs
Chemical Industry
Food Beverage and Agriculture Industries
Environmental Testing Laboratories
Petrochemical Refineries and Oil Gas Industry
Others

Breakup by Region:

North America
Asia-Pacific
Europe
Latin America
Middle East and Africa

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Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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