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Laboratory informatics refers to the deployment of information technology (IT) to enhance data collection and analysis in laboratories. It is critical to ensure the reliability and quality of data. Laboratory informatics is typically used in scientific research activities to streamline the workflow and boost the accuracy of experiments.
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Continuous Technical Development to Boost Market Growth
The rising deployment of laboratory information management software (LIMS), owing to the increasing requirement for seamless data transfer in laboratories is elevating the laboratory informatics market growth. The rising adoption of new equipment and testing is also boosting the demand for software to enable the efficient operation of multiple workflows. Moreover, the increasing penetration of biobanks collecting biological samples is escalating the deployment of laboratory information management software (LIMS) to manage and track bio-samples. The development of innovative laboratory information management software (LIMS) with enhanced compatibility is expected to fuel the growth of the market in the forecast period.
Increasing Use of Information Management Systems to Boost Laboratory Informatics Market Demand
The market is witnessing significant growth due to the escalation in the number of research activities leading to a rise in laboratory data. The rising preference for personalised medicine is contributing to the increased laboratory activities in the healthcare sector, bolstering the market growth.
The rising demand for integrated workflows pushes the laboratory informatics market dynamics and trends, propelling market development. For instance, in April 2024, Clinisys, a global laboratory informatics leader launched Clinisys Laboratory Solutions, consisting of four enriched solutions across the Clinisys Environmental Laboratory, Water Quality Laboratory, Clinical Toxicology Laboratory, and Clinisys Public Health Laboratory. This launch is the company’s discipline-specific laboratory information management systems which is built upon the Clinisys Platform. It is a shared services architecture and data model for SaaS laboratory informatics.
AI Integration Set to Upgrade Existing Platforms
Market players are continuously working towards elevating their existing products associated with laboratory informatics in the healthcare sector. For instance, in September 2024, a dominating informatics company ACD/Labs, launched an upgraded version of its Spectrus Platform applications. The upgrade is targeted to facilitate decision-making and collaboration for laboratory scientists. It is integrated with advanced technology such as artificial intelligence (AI) into chemistry workflows and helps life sciences organisations optimise their data usage.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
Increasing Volume of Laboratory Data
A key trend in the laboratory informatics market is the growing volume of data generated by laboratories, especially in clinical research, which drives the demand for robust informatics solutions to manage this data efficiently. Further, for maintaining data integrity and regulatory compliance, informatics solutions are crucial.
Growth in Personalized Medicine
There is a rising emphasis on personalized medicine, particularly in genomics and molecular diagnostics, which fuels the need for advanced data management solutions that can handle complex datasets. Moreover, personalized medicine requires the integration of various types of data, stimulating the demand for laboratory informatics systems that can combine and interpret the datasets.
Integration of Data Analytics and Artificial Intelligence (AI)
The laboratory informatics market value is positively influenced by the rising incorporation of AI and machine learning algorithms which enhances laboratory efficiency and accuracy by automating routine tasks and assisting in anomaly detection and predictive analysis. Moreover, laboratories are increasingly relying on data analytics to analyze large datasets and make data-driven decisions, which is poised to aid market growth in the forecast period.
Rising Demand for Automated Workflows
The market is witnessing a growing demand for automated workflows in laboratory operations which directly impacts the market demand. Increased automation of routine laboratory tasks, such as sample handling and data entry helps in reducing manual error and improve efficiency. In addition, the growing use of robotic process automation (RPA) in automating repetitive processes is poised to support new laboratory informatics market opportunities.
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Market Breakup by Product
Market Breakup by Component
Market Breakup by Delivery Mode
Market Breakup by End User
Market Breakup by Region
Market Segmentation Based on Product is Anticipated to Witness Substantial Growth
Based on the product, the market is segmented into laboratory information management systems (LIMS), electronic lab notebooks (ELN), scientific data management systems (SDMS), laboratory execution systems (LES), chromatography data systems (CDS), enterprise content management (ECM), and electronic data capture (EDC) and clinical data management systems (CDMS). As per laboratory informatics market analysis, the laboratory information management systems (LIMS) segment holds a significant market share. This can be attributed to its applications across a diverse range of sectors such as pharmaceuticals, biotechnology, and clinical laboratories, which ensures a larger market base. LIMS also offers workflow automation which improves efficiency and reduces manual errors and thus experiences a high market demand in regulated industries.
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Based on the region, the market report covers North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The laboratory informatics industry in North America dominates the market share, owing to the high adoption rates of innovative technologies, substantial investment in research and development in life sciences, and the presence of leading pharmaceutical and biotechnology companies. Asia Pacific also represents a significant growth potential supported by the rapid expansion of pharmaceutical sectors and the growth in clinical trial activity.
The key features of the market report comprise patent analysis, grants analysis, funding and investment analysis and strategic initiatives by the leading players. The major companies in the market are as follows:
Agilent Technologies Inc.
Agilent Technologies specialises in laboratory information management systems (LIMS). They offer data management and analytics solutions for laboratories across multiple sectors, including healthcare, pharmaceuticals, and life sciences. Their platform helps streamline lab operations by integrating data, ensuring compliance, and improving productivity in laboratory environments.
Thermo Fisher Scientific Inc.
Thermo Fisher Scientific offers comprehensive tools for managing scientific data in labs. Their portfolio includes LIMS, electronic lab notebooks (ELN), and chromatography data systems (CDS). These solutions facilitate data capture, analysis, and reporting, ensuring efficient laboratory workflows and regulatory compliance in various industries such as pharmaceuticals and biotech.
Oracle Systems Corporation
Oracle Systems Corporation provides advanced cloud computing and data management solutions across various sectors, including laboratory informatics. Their laboratory solutions focus on integrating big data analytics, cloud infrastructure, and artificial intelligence, enabling labs to enhance data accuracy, streamline workflows, and optimize research and clinical processes.
LabLynx, Inc.
LabLynx is a global healthcare services and information technology company. The company offers solutions for medical laboratories, including software that supports lab operations, data management, and diagnostics integration. Their portfolio enhances laboratory efficiency, enabling improved patient care through faster and more accurate testing results.
Other key players in the market include LabWare Ltd, LabVantage Solutions Inc., PerkinElmer Inc., and Dassault Systèmes SE.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Product |
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Breakup by Component |
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Breakup by Delivery Mode |
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Breakup by End User |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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