Laboratory informatics is an innovative field that leverages information technology to manage data, processes, and automation capabilities within scientific laboratories and research facilities. It enables digitization, integration and analysis of complex data sets generated through analytical instruments, research databases and software tools. Laboratory informatics solutions help to streamline laboratory workflows, enhance data accessibility and sharing, foster collaboration and reduce costs. Adoption of these systems allows life sciences and healthcare organizations to achieve higher productivity, efficiency and compliance while deriving critical insights from their research activities.

Market Dynamics:

Global laboratory informatics market growth is primarily driven by growing need for laboratory automation and data management capabilities among industries like pharma, biotech and healthcare. Large volumes of data is being generated on a daily basis through analytical equipment like HPLC, GC and mass spec analyzers. However, siloed data storage and lack of integration makes analysis difficult. Laboratory informatics addresses these challenges by providing centralized data repositories, LIMS, ELN and SDMS that securely store data and link instruments/analyzers to digital records.  However, high upfront investments can hamper the market growth.  Integrating artificial intelligence, predictive analysis, cloud and mobile capabilities within these systems to accelerate scientific discoveries can offer market growth opportunities.

Key Features of the Study:

• This report provides in-depth analysis of the global laboratory informatics market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global laboratory informatics market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Thermo Fisher Scientific, Inc., LabWare, LabVantage Solutions, Abbott Informatics, Waters, Agilent Technologies, IDBS
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global laboratory informatics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Detailed Segmentation-

• By Device Type
  
  • Services
  • Software
    
• By Product
  
  • Laboratory Information Management System (LIMS)
  • Electronic Lab Notebook (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 Delivery Mode
  • On-premise
  • Web-hosted
  • Cloud-based
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Thermo Fisher Scientific, Inc.
  • LabWare
  • PerkinElmer, Inc.
  • LabVantage Solutions, Inc.
  • LabLynx, Inc.
  • Agilent Technologies
  • ID Business Solutions Ltd.
  • McKesson Corporation
  • Waters Corporation
  • Abbott Informatics
  • Abbott Informatics (Starlims Corporation)
  • IDBS
  • LIMS at Work GmbH
  • Siemens AG
  • Core Informatics LLC