Global Laboratory Informatics Market Accounted for US$ 3.76 Billion in 2022, Projected to Gain CAGR of 10.9% from 2023-2031.

Laboratory Informatics refers to the application of information technology and data management solutions in scientific laboratories. It encompasses the use of software and systems for data collection, analysis, storage, and reporting, streamlining laboratory workflows, enhancing data accuracy, and improving overall efficiency in research, testing, and analysis processes.

In the global laboratory informatics market, Laboratory Information Management Systems (LIMS) currently dominates among solution types. LIMS played a critical role in managing and tracking data in laboratories across various industries, ensuring data integrity and compliance. The segment is driven by the need for efficient data management in pharmaceuticals and healthcare.

Global Laboratory Informatics Market Revenue & Forecast, (US$ Million), 2015 – 2031

COVID-19 Influence: Global Laboratory Informatics Market

Pre-COVID-19, the laboratory informatics market was steadily growing, driven by the increasing digitization of laboratories and the need for efficient data management. However, post-COVID-19, the importance of informatics solutions surged as laboratories rapidly adopted digital technologies to facilitate remote work, data sharing, and analysis. The pandemic accelerated the adoption of LIMS, Electronic Lab Notebooks (ELNs), and other informatics tools, making them indispensable for scientific research, testing, and data-driven decision-making in the “new normal.”

Report Coverage and Deliverables: 

One major driver of the laboratory informatics market is the exponential growth in data complexity within laboratories. The scientific and research fields are generating vast volumes of complex data from various sources, including genomics, proteomics, and high-throughput experiments. This surge in data necessitates informatics solutions for efficient data management, analysis, and storage, driving demand for LIMS, ELNs, and other informatics tools.

A significant restraint in the market is the cost and complexity of implementing informatics solutions. The initial investment in informatics systems can be substantial, particularly for smaller laboratories. A survey by Lab Manager found that 35% of respondents cited budget constraints as a barrier to adopting informatics solutions. Moreover, integrating informatics tools with existing lab processes and equipment can be challenging. This often requires customization and employee training. These barriers can slow down adoption rates, especially for resource-constrained laboratories.

The life sciences industry, encompassing pharmaceuticals, biotechnology, and healthcare, holds the dominating position in the laboratory informatics market. It relies heavily on informatics solutions for managing research data, clinical trials, and compliance requirements. Life Sciences’ crucial role in global healthcare was reflected in its substantial investment in LIMS, ELNs, and other informatics tools.

North America recorded highest market share in the global laboratory informatics market in 2022. The region boasts a robust scientific and healthcare ecosystem that heavily relies on informatics solutions. For instance, a survey by Lab Manager found that 58% of North American laboratories had already adopted Laboratory Information Management Systems (LIMS), emphasizing the widespread use of such solutions. Furthermore, the Pharmaceutical Research and Manufacturers of America (PhRMA) reported that in 2021, the U.S. pharmaceutical industry invested over $100 billion in research and development, further underlining the demand for informatics tools to manage research data efficiently.

Competitive Landscape: Global Laboratory Informatics Market

• Accelerated Technology Laboratories, Inc.
• Agilent Technologies, Inc.
• Dassault Systemes
• IDBS
• Lablynx, Inc.
• LabVantage Solutions Inc.
• LabWare
• Labworks
• Oracle
• PerkinElmer Inc.
• STARLIMS Corporation (Abbott Informatics)
• Thermo Fisher Scientific Inc.
• Waters Corporation
• Xybion Digital Inc.
• Other Industry Participants

Report Summary of Global Laboratory Informatics Market

Global Laboratory Informatics Market:

By Type of Solution

• Laboratory Information Management Systems

• • Broad-Based LIMS
  • Industry-Specific LIMS

• Electronic Lab Notebooks
• Chromatography Data Systems
• Electronic Data Capture & Clinical Data Management Systems
• Laboratory Execution Systems
• Enterprise Content Management Systems
• Scientific Data Management Systems

By Component

• Software
• Services

By Deployment Model

• On-Premise Model
• Cloud-Based Model
• Remotely Hosted Model

By Industry

• Life Sciences Industry

• • Pharmaceutical & Biotechnology Companies
  • Biobanks & Biorepositories
  • Academic Research Institutes
  • Molecular Diagnostics & Clinical Research Laboratories
  • Contract Service Organizations

• Chemical Industry
• Petrochemical Refineries and Oil & Gas Industry
• Food & Beverage and Agriculture Industry
• Environmental Testing Laboratories
• Other Industries

By Region

• North America (U.S., Canada, Mexico, Rest of North America)
• Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe)
• Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
• Latin America (Brazil, Argentina, Rest of Latin America)

Table of Contents

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**Exclusive for Multi-User and Enterprise User.

Global Laboratory Informatics Market Segmentation

By Type of Solution

By Component

By Deployment Model

By Industry

By Region

**Note: The report covers cross-segmentation analysis by region further into countries

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The Niche Research approach encompasses both primary and secondary research methods to provide comprehensive insights. While primary research is the cornerstone of our studies, we also incorporate secondary research sources such as company annual reports, premium industry databases, press releases, industry journals, and white papers.

Within our primary research, we actively engage with various industry stakeholders, conducting paid interviews and surveys. Our meticulous analysis extends to every market participant in major countries, allowing us to thoroughly examine their portfolios, calculate market shares, and segment revenues.

Our data collection primarily focuses on individual countries within our research scope, enabling us to estimate regional market sizes. Typically, we employ a bottom-up approach, meticulously tracking trends in different countries. We analyze growth drivers, constraints, technological innovations, and opportunities for each country, ultimately arriving at regional figures.Our process begins by examining the growth prospects of each country. Building upon these insights, we project growth and trends for the entire region. Finally, we utilize our proprietary model to refine estimations and forecasts.

Our data validation standards are integral to ensuring the reliability and accuracy of our research findings. Here’s a breakdown of our data validation processes and the stakeholders we engage with during our primary research:

• Supply Side Analysis: We initiate a supply side analysis by directly contacting market participants, through telephonic interviews and questionnaires containing both open-ended and close-ended questions. We gather information on their portfolios, segment revenues, developments, and growth strategies.
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The forecasts we provide are based on a comprehensive assessment of various factors, including:

• Market Trends and Past Performance (Last Five Years): We accurately analyze market trends and performance data from preceding five years to identify historical patterns and understand the market’s evolution.
• Historical Performance and Growth of Market Participants: We assess the historical performance and growth trajectories of key market participants. This analysis provides insights into the competitive landscape and individual company strategies.
• Market Determinants Impact Analysis (Next Eight Years): We conduct a rigorous analysis of the factors that are projected to influence the market over the next eight years. This includes assessing both internal and external determinants that can shape market dynamics.
• Drivers and Challenges for the Forecast Period:Identify the factors expected to drive market growth during the forecast period, as well as the challenges that the industry may face. This analysis aids in deriving an accurate growth rate projection.
• New Acquisitions, Collaborations, or Partnerships: We keep a close watch on any new acquisitions, collaborations, or partnerships within the industry. These developments can have a significant impact on market dynamics and competitiveness.
• Macro and Micro Factors Analysis:A thorough examination of both macro-level factors (e.g., economic trends, regulatory changes) and micro-level factors (e.g., technological advancements, consumer preferences) that may influence the market during the forecast period.
• End-User Sentiment Analysis: To understand the market from the end-user perspective, we conduct sentiment analysis. This involves assessing the sentiment, preferences, and feedback of the end-users, which can provide valuable insights into market trends.
• Perspective of Primary Participants: Insights gathered directly from primary research participants play a crucial role in shaping our forecasts. Their perspectives and experiences provide valuable qualitative data.
• Year-on-Year Growth Trend: We utilize a year-on-year growth trend based on historical market growth and expected future trends. This helps in formulating our growth projections, aligning them with the market’s historical performance.

Research process adopted by TNR involves multiple stages, including data collection, validation, quality checks, and presentation. It’s crucial that the data and information we provide add value to your existing market understanding and expertise. We have also established partnerships with business consulting, research, and survey organizations across regions and globally to collaborate on regional analysis and data validation, ensuring the highest level of accuracy and reliability in our reports.