According to our (Global Info Research) latest study, the global Laboratory Informatic Software market size was valued at USD 1759.5 million in 2023 and is forecast to a readjusted size of USD 3301.5 million by 2030 with a CAGR of 9.4% during review period.
Laboratory informatics is the specialized application of information technology aimed at optimizing and extending laboratory operations. It encompasses data acquisition (e.g. through sensors and hardware or voice, instrument interfacing, laboratory networking, data processing, specialized data management systems (such as a chromatography data system), a laboratory information management system, scientific data management (including data mining and data warehousing), and knowledge management (including the use of an electronic lab notebook). It has become more prevalent with the rise of other "informatics" disciplines such as bioinformatics, cheminformatics and health informatics. Several graduate programs are focused on some form of laboratory informatics, often with a clinical emphasis.A closely related - some consider subsuming - field is laboratory automation.
The laboratory informatics market is experiencing significant growth as laboratories across various industries are adopting digital solutions to improve efficiency, accuracy, and data management. Here are some key trends in the laboratory informatics market:
1. Increasing Demand for Laboratory Automation: Laboratories are increasingly moving towards automation to streamline workflows and improve productivity. Laboratory informatics solutions, such as laboratory information management systems (LIMS) and electronic laboratory notebooks (ELN), are being implemented to automate data capture, analysis, and reporting processes.
2. Integration of Data and Systems: Laboratories collect vast amounts of data from different sources and instruments. The trend is to integrate various laboratory informatics systems and instruments to create a comprehensive ecosystem that allows seamless data exchange and collaboration between different stakeholders.
3. Cloud-Based Solutions: The adoption of cloud-based laboratory informatics solutions is on the rise, as they provide scalability, flexibility, and easy access to data from multiple devices and locations. Cloud-based solutions also reduce the need for on-site infrastructure and maintenance costs.
4. Implementation of Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies are being integrated into laboratory informatics solutions to improve data analysis, pattern recognition, and decision-making processes. These technologies can help laboratories identify anomalies, predict outcomes, and optimize experimental conditions.
5. Compliance with Regulatory Requirements: Laboratories often operate in regulated environments, such as the pharmaceutical and healthcare industries. Laboratory informatics solutions are being developed to ensure compliance with industry-specific standards and regulations, such as Good Laboratory Practices (GLP) and 21 CFR Part 11.
6. Mobile Applications: Mobile applications are being developed to support laboratory operations. These applications allow scientists and technicians to access and capture data, perform calculations, and monitor experiments remotely, improving accessibility and productivity.
7. Data Security and Privacy: As laboratories handle sensitive data, the focus on data security and privacy is increasing. Laboratory informatics solutions are incorporating advanced security features, such as encryption, access controls, and audit trails, to protect data from unauthorized access and ensure compliance with data protection regulations.
8. Integration with Internet of Things (IoT): The integration of laboratory instruments and devices with IoT technologies is enabling real-time data monitoring and analytics. This integration provides laboratories with the ability to remotely monitor and control experiments, automate data collection, and optimize resource utilization.
9. Collaboration and Data Sharing: Laboratories are increasingly collaborating with external partners and stakeholders. Laboratory informatics solutions are being designed to facilitate data sharing, collaboration, and standardized data exchange formats, allowing scientists to collaborate seamlessly and share data with external organizations.
10. Emphasis on User Experience and User Interface: User experience and user interface design are becoming essential aspects of laboratory informatics solutions. User-friendly interfaces that are intuitive and customizable are being developed to improve user adoption and reduce training requirements.
Overall, the laboratory informatics market is expected to continue growing as laboratories recognize the benefits of digital solutions in optimizing workflows, improving data management, and enhancing collaboration. The trend is towards automation, integration, cloud-based solutions, AI/ML integration, and enhanced security and regulatory compliance.
The Global Info Research report includes an overview of the development of the Laboratory Informatic Software industry chain, the market status of Healthcare (LIMS (Laboratory Information Management System), ELN (electronic Laboratory Notebooks)), R&D (LIMS (Laboratory Information Management System), ELN (electronic Laboratory Notebooks)), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Laboratory Informatic Software.
Regionally, the report analyzes the Laboratory Informatic Software markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Laboratory Informatic Software market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Laboratory Informatic Software market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Laboratory Informatic Software industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., LIMS (Laboratory Information Management System), ELN (electronic Laboratory Notebooks)).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Laboratory Informatic Software market.
Regional Analysis: The report involves examining the Laboratory Informatic Software market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Laboratory Informatic Software market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Laboratory Informatic Software:
Company Analysis: Report covers individual Laboratory Informatic Software players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Laboratory Informatic Software This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Healthcare, R&D).
Technology Analysis: Report covers specific technologies relevant to Laboratory Informatic Software. It assesses the current state, advancements, and potential future developments in Laboratory Informatic Software areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Laboratory Informatic Software market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Laboratory Informatic Software market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
LIMS (Laboratory Information Management System)
ELN (electronic Laboratory Notebooks)
SDMS (Scientific Data Management System)
Chromatography Data System
CAPA (Corrective Action & Prevention Action)
Market segment by Application
Healthcare
R&D
Finance
Legal
Life sciences
Market segment by players, this report covers
Arxspan
Dassault Systèmes
LabArchives
Core Informatics
Thermo Fisher Scientific
LabWare
XIFIN
Abbott Informatics
Agilent Technologies
Caliber Infosolutions
Two Fold Software
CompuGroup Medical
Illumina
ID Business Solutions
Lablynx
Labvantage Solutions
NXG
Perkinelmer
Swisslab
Tainosystems
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Laboratory Informatic Software product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Laboratory Informatic Software, with revenue, gross margin and global market share of Laboratory Informatic Software from 2019 to 2024.
Chapter 3, the Laboratory Informatic Software competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Laboratory Informatic Software market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Laboratory Informatic Software.
Chapter 13, to describe Laboratory Informatic Software research findings and conclusion.
Summary:
Get latest Market Research Reports on Laboratory Informatic Software. Industry analysis & Market Report on Laboratory Informatic Software is a syndicated market report, published as Global Laboratory Informatic Software Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Laboratory Informatic Software market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.