Use of various technological tools for data gathering and analysis in a laboratory setting is referred to as laboratory informatics. This includes programs that use data analysis to benefit current research as well as store data that can be used in future projects. This field has grown rapidly as a result of cutting-edge technology that makes lab equipment more interactive and enables lab services to gather, analyze, and exchange data.
Major factors that drive the growth of the global laboratory informatics market include rapid technological advancements in molecular genomics & genetic testing and rise in the demand for lab automation. Furthermore, laboratory informatics software is used in research laboratories for discovery of medicine of various diseases. Therefore, increase in the number of patients suffering from chronic diseases such as heart diseases, cancer, diabetes, high blood pressure, and asthma increases the demand for laboratory informatics software in research regarding these diseases and boosts the growth of the laboratory informatics market.
However, the high cost of the lab management information system and lack of skilled professionals in the laboratory informatics-related industries are the major factors expected to impact the growth of the market in upcoming years. On the contrary, rapid development of healthcare infrastructure along with government’s support for digitalization of services in developing countries such as China and India is expected to create lucrative opportunities for the expansion of the global market in the future.
The global laboratory informatics market is segmented on the basis of type, component, delivery mode, and region to provide a detailed assessment of the market. Depending on type, the market is classified into laboratory information management system (LIMS), electronic lab notebook (ELN), laboratory execution system (LES), scientific data management system (SDMS), and others [electronic data capture (EDC) software, chromatography data system (CDS) software]. By component, it is classified into software and services. As per delivery mode, it is divided into on-premises and web-hosted & cloud-based. On the basis of end user, the market is classified into life science industries, chemical industries, food & beverages and agriculture industries, and others (environmental testing laboratories, metal & mining industries, petrochemical refineries, and oil & gas industries). The life science industries segment is further bifurcated into pharmaceutical & biotechnology companies, contract service organization, academic & research institute, and others (biobank & biorepositories and molecular diagnostics & clinical research laboratories).
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Agilent Technologies Inc.; CrelioHealth Inc.; Illumina Inc.; LabLynx, Inc; LabWare, Inc; McKesson Corporation; PerkinElmer, Inc.; STARLIMS Corporation; Thermo Fisher Scientific Inc.; and Waters Corporation. These major players have adopted acquisition, collaboration, expansion, partnership, and product launch as key developmental strategies to improve the product portfolio of the laboratory informatics market.
Major factors that drive the growth of the global laboratory informatics market include rapid technological advancements in molecular genomics & genetic testing and rise in the demand for lab automation. Furthermore, laboratory informatics software is used in research laboratories for discovery of medicine of various diseases. Therefore, increase in the number of patients suffering from chronic diseases such as heart diseases, cancer, diabetes, high blood pressure, and asthma increases the demand for laboratory informatics software in research regarding these diseases and boosts the growth of the laboratory informatics market.
However, the high cost of the lab management information system and lack of skilled professionals in the laboratory informatics-related industries are the major factors expected to impact the growth of the market in upcoming years. On the contrary, rapid development of healthcare infrastructure along with government’s support for digitalization of services in developing countries such as China and India is expected to create lucrative opportunities for the expansion of the global market in the future.
The global laboratory informatics market is segmented on the basis of type, component, delivery mode, and region to provide a detailed assessment of the market. Depending on type, the market is classified into laboratory information management system (LIMS), electronic lab notebook (ELN), laboratory execution system (LES), scientific data management system (SDMS), and others [electronic data capture (EDC) software, chromatography data system (CDS) software]. By component, it is classified into software and services. As per delivery mode, it is divided into on-premises and web-hosted & cloud-based. On the basis of end user, the market is classified into life science industries, chemical industries, food & beverages and agriculture industries, and others (environmental testing laboratories, metal & mining industries, petrochemical refineries, and oil & gas industries). The life science industries segment is further bifurcated into pharmaceutical & biotechnology companies, contract service organization, academic & research institute, and others (biobank & biorepositories and molecular diagnostics & clinical research laboratories).
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The major players profiled in the report are Agilent Technologies Inc.; CrelioHealth Inc.; Illumina Inc.; LabLynx, Inc; LabWare, Inc; McKesson Corporation; PerkinElmer, Inc.; STARLIMS Corporation; Thermo Fisher Scientific Inc.; and Waters Corporation. These major players have adopted acquisition, collaboration, expansion, partnership, and product launch as key developmental strategies to improve the product portfolio of the laboratory informatics market.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the laboratory informatics market analysis from 2022 to 2032 to identify the prevailing laboratory informatics market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the laboratory informatics market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global laboratory informatics market trends, key players, market segments, application areas, and market growth strategies.
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Key Market Segments
By Type
- Electronic Lab Notebooks (ELN)
- Laboratory Execution Systems (LES)
- Scientific Data Management Systems (SDMS)
- Others
- Laboratory Information Management Systems (LIMS)
By Component
- Software
- Services
By Delivery Mode
- On-premise
- Web-hosted and Cloud-based
By End User
- Life Science Industries
- Type
- Pharmaceutical and Biotechnology Companies
- Contract Services Organizations
- Academic and Research Institute
- Others
- Chemical Industries
- Food and Beverage and Agriculture Industries
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- LabLynx, Inc.
- LabWare, Inc.
- Illumina Inc.
- Agilent Technologies Inc.
- CrelioHealth Inc.
- Thermo Fisher Scientific Inc.
- Waters Corporation
- McKesson Corporation.
- PerkinElmer, Inc
- Starlims Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: LABORATORY INFORMATICS MARKET, BY TYPE
CHAPTER 5: LABORATORY INFORMATICS MARKET, BY COMPONENT
CHAPTER 6: LABORATORY INFORMATICS MARKET, BY DELIVERY MODE
CHAPTER 7: LABORATORY INFORMATICS MARKET, BY END USER
CHAPTER 8: LABORATORY INFORMATICS MARKET, BY REGION
CHAPTER 9: COMPETITIVE LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to this report, the laboratory informatics market was valued at $3.5 billion in 2022, and is estimated to reach $8.5 billion by 2032, growing at a CAGR of 9.2% from 2023 to 2032.Laboratory informatics focuses on the use of IT systems and software to support & enhance scientific research and data management in laboratories. It involves the application of computer systems, data management, and automation to facilitate the collection, analysis, storage, and sharing of scientific & laboratory process data.
Key factors driving the growth of the laboratory informatics market include technological advancement in laboratory informatics software, increase in awareness regarding laboratory informatics software, and a rise in R&D activities, which propels the demand for laboratory informatics software and services.
In addition, compliance with government regulations is the major factor that drives the growth of the laboratory informatics market. The healthcare sector needs to comply with various government regulations, such as Good Laboratory Practices (GLP), Good Manufacturing Practices (GMP), and the International Organization for Standardization (ISO) 9000 standards, which further drives increased the demand for laboratory informatics solutions.
The market offers growth opportunities to the key players in the market including a rise in awareness regarding the potential benefits of laboratory informatics software and services, and a rise in adoption of key strategies such as acquisition, collaboration, expansion, partnership, and product launch. And the rise in demand for laboratory informatics across the globe also provides growth opportunity for the market.
The global laboratory informatics market is segmented on the basis of type, component, delivery mode, and region to provide a detailed assessment of the market. Depending on type, the market is classified into laboratory information management system (LIMS), electronic lab notebook (ELN), laboratory execution system (LES), scientific data management system (SDMS), and others [electronic data capture (EDC) software, chromatography data system (CDS) software]. By component, it is classified into software and services. As per delivery mode, it is divided into on-premise and web-hosted & cloud-based. On the basis of end user, the market is classified into life science industries, chemical industries, food and beverage and agriculture industries, and others (environmental testing laboratories, metal & mining industries, petrochemical refineries and oil & gas industries).
The life science industries segment is further bifurcated into pharmaceutical and biotechnology companies, contract services organizations, academic and research institute, and others (biobank & biorepositories, molecular diagnostics & clinical research laboratories). Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The key players profiled in the study include Agilent Technologies Inc.; CrelioHealth Inc.; Illumina Inc.; LabLynx, Inc; LabWare, Inc; McKesson Corporation; PerkinElmer, Inc.; STARLIMS Corporation; Thermo Fisher Scientific Inc.; and Waters Corporation. These key players have been actively engaged in the adoption of various strategies such as acquisition, collaboration, expansion, partnership, and product launch to remain competitive and gain an advantage over the competitors in the market.
For instance, in April 2022, Scitara, an innovative company in laboratory digital transformation announced a collaboration with PerkinElmer. The move will support the integration of the PerkinElmer Signals Research Suite informatics platform, which provides seamless, end-to-end scientific data and workflow management, with laboratory instruments, applications, and resources via the Scitara Scientific Integration Platform SIP. The Scitara SIP provides a universal connectivity solution in a cloud native infrastructure that allows scientific laboratories using the PerkinElmer Signals platform to realize the full benefits of digital transformation. The combination of technologies facilitates a fully connected laboratory with standard data integrity, data mobility, system flexibility, and user reconfigurability.
Key Market Insights
- On the basis type, the laboratory information management system (LIMS) segment was the highest revenue contributor to the market in 2022 and is estimated to reach 3,858.26 million by 2032. The same segment is expected to be the fastest-growing segment with a CAGR of 10.1% during the forecast period.
- By component, the services segment was the highest revenue contributor to the market in 2022. However, the software segment is estimated to be the fastest-growing segment with a CAGR of 10.0% during the forecast period.
- Depending on delivery mode, the web-hosted & cloud-based segment was the highest revenue contributor to the market in 2022. However, the same segment is estimated to be the fastest-growing segment with a CAGR of 9.8% during the forecast period.
- Based on end user, the life science industries segment was the highest revenue contributor to the market in 2022. However, the same segment is estimated to be the fastest-growing segment with a CAGR of 10.1% during the forecast period.
- Based on region, North America accounted for a major share of the laboratory informatics market in 2022 and is expected to maintain its dominance during the forecast period. Asia-Pacific is expected to witness the highest CAGR of 10.3% during the forecast period.
Companies Mentioned
- LabLynx, Inc.
- LabWare, Inc.
- Illumina Inc.
- Agilent Technologies Inc.
- CrelioHealth Inc.
- Thermo Fisher Scientific Inc.
- Waters Corporation
- McKesson Corporation.
- PerkinElmer, Inc
- Starlims Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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