Europe Laboratory Informatics Market Report and Forecast 2024-2032

Europe Laboratory Informatics Market Outlook

The Europe laboratory informatics market size reached approximately USD 1017.69 million in 2023. The market is further projected to grow at a CAGR of 8.1% between 2024 and 2032, reaching a value of USD 2003.63 million by 2032.

Key Trends in the Market

Laboratory informatics refers to the application of information technology to enhance and enable the delivery of laboratory information and scientific processes. It is a crucial component of laboratory operations and helps in ensuring the quality and reliability of data and results.

• The rising requirement for patient engagement, cancer genomics research, and personalised medicine is boosting the Europe laboratory informatics market growth. Laboratory informatics enables the implementation of decision support systems for enhanced clinical outputs, electronic delivery of results, and workflow management and sample tracking, among others.

• The increasing adoption of laboratory informatics by the agriculture sector is providing lucrative growth opportunities to the market. Laboratory informatics aids in enhancing the ability of the agricultural labs to maintain their accreditations and regulatory compliances while disseminating important discoveries effectively.

• The implementation of laboratory informatics and automation supports the isolation of specific pathogens, real time collection of lab trend data, and routine monitoring of specimen quality, among others, aiding the market expansion. These processes are essential for epidemiological studies and for control and prevention of infections.

Europe Laboratory Informatics Market Analysis

On the basis of product, the market is divided into laboratory information management system (LIMS), electronic lab notebooks (ELN), enterprise content management (ECM), laboratory execution system (LES), scientific data management system (SDMS), and electronic data capture (EDC) and clinical data management systems (CDMS). Based on component, the market is bifurcated into software and services.

On the basis of delivery mode, the market is classified into on-premises, web-hosted, and cloud-based. Based on end use, the market is segregated into life science, chemical and petrochemicals, oil and gas, and agriculture, among others. On the basis of country, the Europe laboratory informatics market segmentation includes United Kingdom, Germany, France, and Italy, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• Abbott Laboratories

• Agilent Technologies, Inc.

• Lab Informatics

• Thermo Fisher Scientific Company

• Bytewize AB

• Dassault Systèmes SE

• PerkinElmer Inc.

• GenoLogics

• LabLynx, Inc.

• Others

Market Share by Product

Laboratory information management system (LIMS) is anticipated to account for a significant Europe laboratory informatics market share in the coming years. This growth can be attributed to the ability of the system to integrate instruments, manage associated information and samples, and automate workflow. These systems also aid in improving efficiency by generating reliable results rapidly and tracking data from sequencing runs across experiments and over time. The LIMS also aids in better compliance with quality and regulatory standards, improved customer satisfaction, and reduced costs.

Market Share by End Use

Life science is expected to account for a significant share of the market over the forecast period owing to their ability to enhance and enable delivery of laboratory information and scientific processes. Laboratory informatics also improve laboratory operations, ensuring the generation of reliable and high-quality results and data. The Europe laboratory informatics market demand is also increasing due to the rising requirement for the effective management of large amounts of data.

Competitive Landscape

Abbott Laboratories, headquartered in Illinois, United States, is a healthcare and medical devices company that specialises in diagnostics and nutrition. Some of the products provided by the company include ZonePerfect, Ensure, Similac, FreeStyle, Glucerna, and Pedialyte, among others.

Agilent Technologies, Inc. is involved in the development of instruments, software, and services for laboratories across the globe. The company provides products and services that aid in data interpretation and management, improving laboratory efficiency, and sample collection, among others. Agilent was founded in 1999 and is headquartered in California, United States.

Thermo Fisher Scientific Company, headquartered in Massachusetts, United States, is one of the leading suppliers of scientific consumables and reagents, software, instrumentation, and services, including laboratory informatics. The company was founded in 1956 and has various subsidiaries including Resolution Bioscience and BioTek, among others.

Other Europe laboratory informatics market key players include Lab Informatics, Bytewize AB, Dassault Systèmes SE, PerkinElmer Inc., GenoLogics, and LabLynx, Inc., among others.

Key Highlights of the Report