Laboratory Informatics Market (By Product: Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM); By Deployment: On-premise, Web-hosted, Cloud-based; By Component: Software, Product; By End-Use: Life Science Companies, CROs, Chemical Industry Food & Beverage and Agriculture Industries, Environmental Testing Laboratories, Petrochemical Refineries and Oil & Gas Industry, Other) - Global Industry Analysis, Market Size, Opportunities and Forecast 2020 - 2027

Category : ICT | Delivery Format : PDF | Status: Published | Pages : 190

The market for laboratory informatics is expected to grow at a CAGR of around 4.2% from 2020 to 2027 and expected to reach the market value of around US$ 4.0 Bn by 2027.

Laboratory informatics is defined as the specialized application of information technology to optimize and extend laboratory operations. These are basically the set of instruments, software, data management tools, and associated Product that allow scientific data to be captured, migrated, processed, and interpreted for immediate use, as well as stored, managed, and shared to support future research, development, and lab testing efforts while maximizing the efficiency of laboratory operations.

Market Dynamics

The increasing demand for laboratory automation due to the increasing amount of data generated by laboratories is driving the market growth. The rising technological advancements in molecular genomics and genetic testing practices are additionally bolstering the market value. The shifting preference toward personalized medicine, cancer genomics studies, and increasing patient engagement requirement is further bolstering the market value. The critical operations of laboratories of both manufacturing and research organizations across the life sciences and medical research industries are additionally propelling the market value. The primary objective of a laboratory is to ensure the generation of high-quality and reliable experiment data that conforms to the regulatory guidelines of the industry is another factor increasing demand for laboratory informatics across the globe.

On the other hand, the high cost associated with the procurement of advanced laboratory informatics is likely to hinder the growth over the forecast period.

Segment Instance of Global Laboratory Informatics Market

Laboratory Information Management Systems (LIMS) segment dominated the market with maximum revenue share

By product, the laboratory information management systems (LIMS) segment is having a potential share in the global laboratory informatics market and the segment is also projected to maintain its dominance throughout the forecast period from 2020 to 2027. The Laboratory Information Management System or LIMS is software that allows the management of samples, test results, and associated data to improve lab productivity.

North America accounted for the maximum revenue share in 2019

In 2019, North America led the global laboratory informatics market and the region is also projected to maintain its dominance throughout the forecast period from 2020 to 2027. The presence of major players in the region along with their advanced laboratory infrastructures is supporting the regional market value. The well-established healthcare infrastructure along with the strong footprint of medical tourism in the US is additionally boosting the regional market value.

Asia Pacific is leading the market with maximum revenue share

The continuously developing healthcare infrastructure of the region especially across the developing economies is boosting the regional market value. The increasing investments in the research and development activities in terms of both in house and outsourcing for the new findings as well as for digging out the Component of the existing limitation of certain treatments and procedures are the factors driving the market growth.

Key Market Players

The players profiled in the report include Abbott Laboratories, Agilent Technologies, Cerner Corporation, Core Informatics, IDBS, LabLynx, Inc., LabVantage Component, Inc., LabWare, McKesson Corporation, PerkinElmer Inc., Thermo Fisher Scientific, Inc., and Waters Corporation.

Market Segmentation

Market By Product

Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Scientific Data Management Systems (SDMS)
Laboratory Execution Systems (LES)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Chromatography Data Systems (CDS)
Enterprise Content Management (ECM)

Market By Deployment

On-premise
Web-hosted
Cloud-based

Market By Component

Software
Product

Market By End-Use

Life Science Companies
CROs
Chemical Industry
Food & Beverage and Agriculture Industries
Environmental Testing Laboratories
Petrochemical Refineries and Oil & Gas Industry
Other Industries (Forensics and Metal & Mining Laboratories)

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa


Frequently Asked Questions

The market for laboratory informatics is expected to reach a market value of around US$ 4.0 Bn by 2027.

The laboratory informatics market is expected to grow at a CAGR of around 4.2% from 2020 to 2027.

Laboratory Information Management Systems (LIMS) is the leading segment by product in the laboratory informatics market

The increasing demand for laboratory automation, increasing amount of data generated by laboratories, rising technological advancements in molecular genomics, shifting preference toward personalized medicine, cancer genomics studies, and increasing patient engagement requirement are some of the factors driving the market growth.

Abbott Laboratories, Agilent Technologies, Cerner Corporation, Core Informatics, IDBS, LabLynx, Inc., LabVantage Component, Inc., LabWare, McKesson Corporation, PerkinElmer Inc., Thermo Fisher Scientific, Inc., and Waters Corporation are the prominent players in the laboratory informatics market.

North America held the highest market share in the laboratory informatics market

Asia Pacific is expected to be the fastest growing market over the forecast period

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