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Report Overview

The global laboratory informatics market attained a value of USD 3.53 billion in 2024 driven by increasing preference for personalized medicine across the globe. The market is further expected to grow at a CAGR of 8.2% in the forecast period of 2025-2034 and reach USD 7.18 billion by 2034.

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Laboratory Informatics Market Outlook

  • The development of cloud laboratory informatics that can provide enhanced data security and prevent data loss is expected to elevate the market value in the forecast period.
  • The growth of the laboratory informatics market is influenced by the rising demand for personalised medicine which fuels the need for advanced data management solutions that can handle complex datasets. 
  • The growing volume of data generated by laboratories directly impacts the market demand for robust informatics solutions to maintain data integrity and regulatory compliance. 

Laboratory Informatics Market Overview

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.

Global Laboratory Informatics Market

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Laboratory Informatics Market Growth Drivers

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.

Laboratory Informatics Market Trends

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.  

Global Laboratory Informatics Market by Segment

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Laboratory Informatics Market Segmentation

Market Breakup by Product

  • 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)
  • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)

Market Breakup by Component

  • Software
  • Services

Market Breakup by Delivery Mode

  • On-Premises
  • Cloud-Based
  • Web-Hosted

Market Breakup by End User

  • CROs
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Petrochemical Refineries and Oil and Gas Industry
  • Other Industries

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Laboratory Informatics Market Share

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.

Global Laboratory Informatics Market by Region

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Laboratory Informatics Market Analysis by Region

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.

Leading Players in the Laboratory Informatics Market

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.

Key Questions Answered in the Laboratory Informatics Market

  • What was the global laboratory informatics market value in 2023? 
  • What is the global laboratory informatics market forecast outlook for 2024-2032?  
  • What is market segmentation based on product? 
  • What is market breakup based on component?    
  • What is market segmentation based on delivery mode?    
  • Who are the end-users in the market? 
  • What are the major factors aiding the global laboratory informatics market demand?  
  • How has the market performed so far and how is it anticipated to perform in the coming years? 
  • What are the market's major drivers, opportunities, and restraints?  
  • Which country is expected to experience expedited growth during the forecast period?  
  • What are the major global laboratory informatics market trends?
  • Which product is expected to dominate the market? 
  • Which delivery mode will lead the market segment? 
  • Which component will lead the market segment? 
  • Which end-user will lead the market?
  • Who are the key players involved in the global laboratory informatics market? 
  • What is the patent landscape of the market? 
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, mergers, and acquisitions among the key market players shaping the market dynamics?

*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 Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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:

  • Product
  • Component
  • Delivery Mode
  • End User
  • Region
Breakup by Product
  • 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)
  • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
Breakup by Component
  • Software
  • Services
Breakup by Delivery Mode
  • On-Premises
  • Cloud-Based
  • Web-Hosted
Breakup by End User
  • CROs
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Petrochemical Refineries and Oil and Gas Industry
  • Other Industries
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • Agilent Technologies, Inc.
  • Oracle Systems Corporation
  • Thermo Fisher Scientific Inc.
  • LabLynx, Inc.
  • LabWare Ltd
  • LabVantage Solutions Inc.
  • PerkinElmer Inc.
  • Dassault Systèmes SE

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6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

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+84-865-399-124