Laboratory Informatics Market, By Device Type (Services and Software), By Product (Laboratory Information Management System, Electronic Lab Notebook, Enterprise Content Management, Laboratory Execution System, Chromatography Data System, Scientific Data Management System, Electronic Data Capture and Clinical Data Management Systems), By Delivery Mode (On-premise, Web-hosted, Cloud-based), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Feb 2025

Code : CMI5138

Pages :164

Formats :

Excel and PDF

Industry : Healthcare IT

Laboratory Informatics Market Size and Trends

Global laboratory informatics market is estimated to be valued at USD 4.07 Bn in 2025 and is expected to reach USD 7.26 Bn by 2032, exhibiting a compound annual growth rate (CAGR) of 8.6% from 2025 to 2032.

Laboratory Informatics Market Key Factors

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Increasing integration of laboratory information systems with other clinical and healthcare IT applications, rising need for laboratory automation to ensure efficient operations and minimize human errors, and growing demand for improved data standardization are expected to drive the market growth during the forecast period.

Trends in the market point to a continued focus on leveraging laboratory informatics solutions to improve lab workflow efficiency and provide better data access and analytics capabilities. There has been rising adoption of cloud-based LIMS and other connected solutions as labs look for flexible, scalable options to manage samples and equipment remotely. There has been increase in integration of artificial intelligence and machine learning functionalities within informatics platforms to enable more sophisticated data mining, equipment monitoring, and diagnostic assistance.

Rising utilization of laboratory informatics solutions

Increasing reliance on laboratory informatics solutions for diagnostic purposes can drive the laboratory informatics market growth. With rapid rise in chronic and infectious diseases worldwide over the past decade, clinical laboratories have faced significant workload and operational challenges to provide timely diagnoses for patients. Laboratory informatics systems allow laboratories to streamline workflows, integrate diverse diagnostic instruments, manage large volumes of samples and test results digitally and gain valuable insights into performance. This has helped improve efficiency, minimize errors and turnaround times for reporting test outcomes to physicians and patients. For instance, in March 2021, LabVantage Solutions, Inc., a laboratory informatics company, announced the launch of LabVantage Analytics, an advanced analytics solution that lets users easily explore, analyze, enterprise, and external data to gain business insights. Designed by analytics industry experts, LabVantage Analytics seamlessly integrates with all elements of the LabVantage LIMS platform, thus, providing a single user interface and workflow.