Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Laboratory Informatics Market Size Expected to Grow from 5.02 Billion in 2023 to USD 18.22 Billion by 2033, at a CAGR of 13.76% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Laboratory Informatics Market Size, Share, and COVID-19 Impact Analysis, By Product (LIMS and CDS), By Delivery Mode (Web-Based and Cloud-Based), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
The laboratory informatics market is the market for software and solutions used to manage, process, store, and share laboratory data. The solutions are intended to make laboratories more efficient, compliant with regulations, and ensure data integrity in a wide range of industries such as pharmaceuticals, biotechnology, chemicals, food & beverage, environmental testing, and clinical research. Moreover, the laboratory informatics market is powered by rising laboratory automation, strong regulatory compliance, increasing demand for data security and accuracy, expanded R&D investment, and cloud-based solution adoption. Furthermore, technological progress in artificial intelligence (AI) and big data analytics, as well as the need for streamlined workflow management and integration, further fuels market growth in diverse industries. However, major constraints in the Laboratory Informatics Market are the high cost of implementation, complicated integration with current systems, data security issues, shortage of skilled professionals, and reluctance to shift from conventional laboratory management practices.
The LIMS segment accounted for the largest share of the global laboratory informatics market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product, the global laboratory informatics market is divided into LIMS and CDS. Among these, the LIMS (Laboratory Information Management System) segment accounted for the largest share of the global laboratory informatics market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Its supremacy is fueled by growing demand for effective sample management, regulatory compliance, data integration, and automation within laboratories in the pharmaceuticals, biotechnology, and healthcare industries, making it the first choice over Chromatography Data Systems (CDS).
The web-based segment accounted for a substantial share of the global laboratory informatics market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the delivery mode, the global laboratory Informatics market is divided into web-based and cloud-based. Among these, the web-based segment accounted for a substantial share of the global laboratory informatics market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is because it optimizes security, accessibility, and cost-effectiveness. However, cloud solutions are quickly becoming popular because of scalability, remote access, and reduced initial costs, propelling their growing use in pharmaceutical, biotech, and clinical research laboratories.
North America is projected to hold the largest share of the global laboratory informatics market over the projected period.
North America is projected to hold the largest share of the global laboratory informatics market over the projected period. This is led by sophisticated healthcare infrastructure, strong R&D spending, rigorous regulatory standards, and high adoption of automation and digital technologies. The presence of marquee players and rising demand for data-centric decision-making further consolidate the region's leadership.
Asia Pacific is expected to grow at the fastest CAGR of the global laboratory informatics market during the projected period. This is propelled by growing healthcare investments, high-speed industrialization, growing pharmaceutical and biotechnology industries, and increasing use of digital laboratory solutions. Research and development support by the government and increased awareness about laboratory automation further fuel market growth in this region.
Company Profiling
Major vendors in the global laboratory informatics market are Abbott, Agilent Technologies, Inc., LabWare, Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Waters, LabVantage Solutions, Inc., IDBS, LabLynx, Inc., McKesson Corporation, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global laboratory informatics market based on the below-mentioned segments:
Global Laboratory Informatics Market, By Product
Global Laboratory Informatics Market, By Delivery Mode
Global Laboratory Informatics Market, By Regional
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