Laboratory Informatics Market by Solution (Laboratory Information Management Systems, Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), Scientific Data Management Systems); Component (Hardware, Software, Services); Deployment (Cloud Based, Remote, On-Premise) and Geography: Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00027052 | Pages: 100 | Industry: Healthcare IT | Date: Oct 2022 | Type: Global

The market crossed US$ 3.5 billion mark in 2022 and is expected to hit US$ 6.5 billion by 2030, recording a CAGR of 11.0% during the forecast period.

The laboratory informatics market has been significantly growing need for laboratory automation. 

Laboratory automation is a rapidly developing solution for overcoming the shortage of laboratory professionals and methods to decrease manual interventionals in lab processes. The exponential rise in the data generated by lab systems has surged the demand for efficient data storage, analysis, and sharing methods. Laboratory informatics solutions represents an effective solution to this demand as these solutions significantly facilitate, advance, and improve the productivity and efficiency of laboratory processes. In 2021, Enterprise Content Management (ECM) held the maximum share in the market as it offered integrated and comprehensive solutions to meet the growing challenges in the healthcare industry. 

Within the report, the market is segmented into solution, component, deployment, and geography. By solution, the market is segmented into Laboratory Information Management Systems, Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), Scientific Data Management Systems (SDMS). By component, the market is categorized into hardware, software, and services. Based on deployment, the market is divided into Cloud Based, Remote, On-Premise. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Get more information on this report :

Rising awareness in emerging markets will provide future opportunity

Laboratory informatics is defined as a special application of information technology to optimize and extend laboratory operations through a platform of instruments, software and data management tools. It grants scientific data to be captured, managed, and shared to support future research, development, and lab testing efforts while maximizing the efficiency of laboratory operations. Laboratory informatics is one of the fastest-growing areas of laboratory-related technology. Information management continues to be critical, and laboratory informatics focuses on the technology associated with the information management process.

Although the market for laboratory informatics is well-developed in developed countries like US, Europe; developing countries such as China, Japan, India, and others are major upcoming markets in laboratory informatics. These markets does not have proper standards and government regulations, and therefore represdents huge potential for key players. Several pharmaceutical companies are also shifting their manufacturing sites in Asia for cheap labor. These factors have created huge demand for informatics solutions in Asian countries. In contrast, the COVID-19 pandemic has compelled stakeholders from developed markets such as the US and Europe to limit their huge dependency on Asian countries and move back to in-house operations

Technological advancements are one of the major factors accelerating market growth.

Medical technologies including better monitoring systems and more comfortable scanning equipment enable patients to spend less time in recovery. Adopting technology in medical equipment and telehealth has led to surgery automation because in some cases, physicians do not even need to be present in the operating room with a patient when the surgery is performed. The continous advancement in technology, which is utilized in healthcare, has led to the development of rules and regulations concerning its usage. It boosts the uptake of new methods of administering care.

Recent strategic developments in the laboratory informatics market

The laboratory informatics market has undergone several significant developments, and a few of these have been mentioned below:

  • In June 2020, LabWare introduced the latest version of its LIMS—LabWare 8. The LabWare 8 solution is the company’s enterprise laboratory platform (ELP) that delivers the capabilities of both LIMS and ELN in a single integrated system.
  • In July 2020, LabVantage launched 8.5, an upgraded version of its LabVantage platform that offers a fully integrated SDMS.
  • In August 2018, Waters signed an agreement with Restek Corporation. Under this agreement, Waters and Restek Corporation agreed to provide training and application support of GC-MS methods and workflows for pesticide monitoring and screening to food safety laboratories.
  • In May 2018, Agilent Technologies acquired Genohm. This acquisition enhanced Agilent’s current software portfolio by adding LIMS and workflow management, thus expanding the company’s ELN capabilities.

Several players drive the cell culture market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. G.E. Healthcare, Agfa-Gevaert N.V., Carestream Health, Esaote S.p.A, IDEXX Laboratories, Inc., Mindray Medical International Limited, Canon Inc., Heska Corporation, Siemens Healthineers are among the prominent players operating in the market.

Target audience for the report:

  • Drug developing companies
  • Contract development and manufacturing organization,
  • Drug discovery-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Drug distributors and sales firms
  • End users of drug discovery
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Solution:
    • Laboratory Information Management Systems
    • Electronic Lab Notebooks
    • Chromatography Data Systems
    • Electronic Data Capture
    • Clinical Data Management Systems
    • Laboratory Execution Systems
    • Enterprise Content Management
    • Scientific Data Management Systems
  • Component:
    • Hardware
    • Software
    • Servces
  • Deployment:
    • On-premise
    • Cloud Based
    • Remote
  • End User:
    • Hospitals and clinics
    • Academic institutes
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Esaote SpA
    • Idexx Laboratories, Inc.
    • Hitachi, Ltd.
    • Siemens AG
    • Fujifilm Holdings Corporation
    • G.E. Healthcare (General Electric Company)
    • Agfa-Gevaert N.V.
    • Excelsior Union Limited (Mindray Medical International Limited)
    • Onex Corporation (Carestream Health, Inc.)
    • VCAs Inc

The List of Companies
- Esaote SpA
- Idexx Laboratories, Inc.
- Hitachi, Ltd.
- Siemens AG
- Fujifilm Holdings Corporation
- G.E. Healthcare (General Electric Company)
- Agfa-Gevaert N.V.
- Excelsior Union Limited (Mindray Medical International Limited)
- Onex Corporation (Carestream Health, Inc.)
- VCAs Inc

Report Code
Full Name
Country Name
Email Id
Phone Number
Job Title
Company
Requirement

Note : Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.


Purchase Options
Single User License
$1500
Site License
$2500
Enterprise License
$3500