Laboratory Informatics Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, Canada, China, UK - Size and Forecast 2024-2028

Laboratory Informatics Market Size 2024-2028

The laboratory informatics market size is forecast to increase by USD 2.04 billion, at a CAGR of 9.1% between 2023 and 2028.

• The market is experiencing significant growth, driven by the increasing need for laboratory automation. This automation trend is transforming laboratory operations by streamlining workflows, enhancing efficiency, and reducing human error. Another key driver is the growing popularity of cloud-based laboratory informatics solutions, which offer flexibility, scalability, and cost savings. However, the market also faces challenges, including increasing data security and privacy concerns. With the vast amounts of sensitive data being generated and stored in laboratories, ensuring robust data protection measures is essential.
• As companies navigate these opportunities and challenges, they must stay abreast of the latest trends and best practices to capitalize on market growth and maintain a competitive edge. By investing in advanced technologies and adhering to stringent data security standards, laboratories can effectively address these challenges and leverage the benefits of automation and cloud-based solutions.

What will be the Size of the Laboratory Informatics Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.  
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The market continues to evolve, driven by the increasing demand for automated workflows and integrated solutions. Laboratory information management systems (LIMS) are at the core of this dynamic market, seamlessly integrating functions such as spectral data analysis, laboratory asset management, results reporting systems, research data management, instrument control systems, and experiment tracking systems. Automation workflows and ELN integration enable scientific data management, facilitating high-throughput screening data analysis, data visualization tools, and real-time data acquisition. Regulatory compliance software ensures data integrity assurance and data security protocols, while audit trail management and sample tracking systems optimize laboratory operational efficiency.

The market's continuous unfolding is reflected in the development of SDMS solutions, chemical inventory management systems, and chromatography data processing tools. The integration of these technologies enhances laboratory productivity metrics and supports the evolving needs of various sectors, including clinical lab informatics, spectroscopy data analysis, and mass spectrometry data processing.

How is this Laboratory Informatics Industry segmented?

The laboratory informatics industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Component
  • Software
  • Service
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • APAC
    • China
  • Rest of World (ROW)

By Component Insights

The software segment is estimated to witness significant growth during the forecast period.

Laboratory informatics software plays a crucial role in managing the complex demands of modern laboratories, offering flexibility and advanced technical functionality. The increasing importance of data analysis systems for instrument control and spectral data analysis has driven the market's growth. Developed countries, including the US, UK, and Japan, are leading the adoption of automated laboratory systems, further fueling the demand for informatics software. In the field of diagnostics, advancements in techniques such as isothermal nucleic acid amplification and biomarker discovery have necessitated the development of innovative systems for sample analysis. The expanding range of diagnostic techniques will continue to spur the creation of new automated systems for generating accurate and timely results.

Laboratory asset management, results reporting, research data management, and regulatory compliance are integral components of this software, ensuring laboratory operational efficiency, data integrity assurance, and data security protocols. Additionally, workflow automation tools, electronic lab notebooks, sample management software, and chromatography data processing systems facilitate scientific data management and high-throughput screening data analysis. Chemical inventory management, real-time data acquisition, audit trail management, and sample tracking systems further enhance the capabilities of laboratory informatics software.

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The Software segment was valued at USD 1.88 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 30% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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In the dynamic US market, laboratory informatics is witnessing significant growth due to the integration of advanced technologies and digital solutions in various sectors. These systems encompass capabilities such as laboratory information management, spectral data analysis, laboratory asset management, results reporting systems, research data management, instrument control systems, experiment tracking systems, regulatory compliance software, automation workflows, eln integration, spectroscopy data analysis, data visualization tools, mass spectrometry data, clinical lab informatics, laboratory productivity metrics, scientific data management, high-throughput screening data, electronic lab notebooks, sample management software, chromatography data processing, lims software, workflow automation tools, sdms solutions, chemical inventory management, real-time data acquisition, audit trail management, sample tracking systems, and data security protocols.

The healthcare sector, a significant contributor to the US economy, valued at approximately USD1.136 trillion and representing 8% of the national GDP, is a major investor in research and development, allocating 17%-18% of their annual revenue. Pharmaceutical companies' investment in R&D has led to the adoption of sophisticated laboratory informatics systems to streamline processes, enhance productivity, and ensure data integrity and security. The integration of artificial intelligence (AI) and machine learning technologies further boosts decision-making efficiency and productivity. Overall, the US the market is experiencing a transformative period, driven by technological advancements and the increasing importance of data-driven insights.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

The market is witnessing significant growth due to the increasing adoption of advanced technologies that improve operational efficiency in laboratories. Laboratories are implementing Laboratory Information Management Systems (LIMS) to streamline workflows, manage assets effectively, and ensure regulatory compliance. LIMS with advanced analytics capabilities enable laboratories to leverage big data for improved lab insights, optimize processes, and enhance data visualization through dashboards. Data security is a top priority in the laboratory setting, and LIMS are being used to implement robust protocols. Best practices for data integrity are being followed, and encryption protocols are being enhanced to protect sensitive information. Machine learning is also being utilized for predictive maintenance, ensuring quality control, and monitoring laboratory instruments remotely. Cloud-based LIMS solutions are gaining popularity for their enhanced collaboration capabilities, while ELN integration ensures seamless data flow between systems. A comprehensive data governance framework is being implemented to accelerate research and adhere to market research report standards. Workflow automation is improving productivity, and LIMS-based metrics are ensuring quality control. Laboratories are also managing samples effectively using LIMS and optimizing processes using the system. Overall, the market is transforming the way laboratories operate, making them more efficient, productive, and compliant.

What are the key market drivers leading to the rise in the adoption of Laboratory Informatics Industry?

• The imperative need for laboratory automation serves as the primary market driver, propelling advancements and innovations in this sector. 

• Laboratory informatics is a critical aspect of modern laboratory operations, enabling real-time data acquisition, audit trail management, and sample tracking systems. These technologies contribute significantly to laboratory operational efficiency, data integrity assurance, and data security protocols. The use of automated workstations and software solutions for instrument configuration streamlines routine laboratory activities, allowing researchers to focus on more complex tasks. According to recent research, lab automation reduces human errors, which are prevalent in repetitive processes such as pipetting and plate transferring. For instance, error rates for completely automated procedures range from 1% to 5%, while semi-automated activities have error rates of 1% to 10%.
• In contrast, manual operations can result in error rates as high as 10% to 30%. Stringent regulatory requirements and the need for error-free results further emphasize the importance of laboratory informatics. By ensuring data accuracy, consistency, and traceability, these technologies contribute to quality control metrics and overall laboratory productivity. With the increasing demand for efficient, accurate, and secure laboratory operations, the adoption of laboratory informatics solutions is expected to continue growing.

What are the market trends shaping the Laboratory Informatics Industry?

• The increasing preference for cloud-based laboratory informatics solutions represents a significant market trend. Cloud technologies are increasingly being adopted in the laboratory sector due to their flexibility, scalability, and cost-effectiveness.

• The market has experienced significant growth due to the adoption of cloud-based services. The introduction of virtualization and widespread access to high-speed Internet have accelerated innovation at affordable prices. Cloud-based solutions offer subscription-based software models, eliminating the need for expensive full licenses and reducing the costs associated with in-house deployment. These solutions also alleviate the burden of upfront capital investments in hardware, enabling healthcare organizations to save on IT personnel and facilitate secure data transfer. Cloud-based laboratory informatics systems encompass various applications such as laboratory information management, spectral data analysis, instrument control systems, experiment tracking, results reporting, research data management, and regulatory compliance software.
• The flexibility and accessibility of these solutions have made them indispensable for laboratories, allowing for real-time data access and streamlined workflows. Cloud-based laboratory informatics systems provide numerous advantages over traditional thick-client or on-premises solutions. They offer seamless integration with various instruments and data sources, ensuring data accuracy and consistency. Additionally, these systems enable remote access to data, allowing for collaboration among teams and increased efficiency. In conclusion, the shift towards cloud-based laboratory informatics systems has revolutionized the way laboratories manage and analyze data. By reducing costs, improving accessibility, and enhancing collaboration, these solutions have become essential tools for healthcare organizations and research institutions.

What challenges does the Laboratory Informatics Industry face during its growth?

• The escalating importance of data security and privacy is a significant challenge that necessitates robust solutions to ensure industry growth. 

• In today's data-driven business environment, laboratory informatics plays a crucial role in managing scientific data and automating workflows. Cloud-based solutions have gained popularity due to their cost-effectiveness and ease of accessibility. Government healthcare agencies, including federal, state, and local entities, have adopted cloud-based systems for improved information management. Centralized data storage and high-speed networks enable increased productivity and enhanced data sharing and collaboration. Cloud-based laboratory informatics solutions offer several benefits. They have low upfront costs, simplified software maintenance and upgrades, effective security, high reliability, and integrative capabilities. ELN integration, data visualization tools, and automation workflows are essential features that streamline laboratory operations and ensure data accuracy.
• Spectroscopy data analysis and mass spectrometry data management are critical functions that require advanced data management capabilities. Clinical lab informatics and scientific data management are other areas where cloud-based solutions provide significant value. Data visualization tools enable users to analyze complex data sets and gain insights quickly. These tools help identify trends, patterns, and correlations that may not be apparent through traditional data analysis methods. Effective data management is essential for maintaining laboratory productivity metrics and ensuring regulatory compliance. Cloud-based solutions offer a scalable and flexible platform for managing scientific data and automating workflows, making them an ideal choice for businesses seeking to optimize their laboratory operations.

Exclusive Customer Landscape

The laboratory informatics market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the laboratory informatics market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, laboratory informatics market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Abbott Laboratories - The company specializes in laboratory informatics, providing innovative digital health solutions like AlinIQ. This suite streamlines laboratory workflows and improves decision-making processes, ultimately enhancing operational efficiency and accuracy. AlinIQ's advanced technology enables seamless data management and analysis, contributing to better patient care and research outcomes.

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Abbott Laboratories
• Accelerated Technology Laboratories Inc.
• Agaram Technologies Pvt. Ltd.
• AgileBio SARL
• Agilent Technologies Inc.
• Autoscribe Informatics
• CloudLIMS.com
• Dassault Systemes SE
• Infosys Ltd.
• LabLynx Inc.
• LabWare Inc.
• Labworks LLC
• Mahindra and Mahindra Ltd.
• McKesson Corp.
• Novatek International
• Oracle Corp.
• Perkin Elmer Inc.
• TCG Lifesciences Pvt. Ltd.
• Thermo Fisher Scientific Inc.
• Waters Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Laboratory Informatics Market

• In January 2024, Thermo Fisher Scientific, a leading laboratory equipment supplier, announced the launch of its Unity LIMS 10.0, an upgraded Laboratory Information Management System (LIMS). This new version offers enhanced data security and improved user experience, positioning Thermo Fisher to better cater to the evolving needs of diagnostic and research laboratories (Thermo Fisher Scientific Press Release, 2024).
• In March 2024, PerkinElmer and IBM signed a strategic partnership to integrate PerkinElmer's laboratory informatics solutions with IBM Watson Health's AI and analytics capabilities. This collaboration aims to provide healthcare organizations with advanced data insights and improved lab workflows (IBM Press Release, 2024).
• In May 2024, Waters Corporation, a water technology and laboratory science solutions provider, completed the acquisition of Target Instruments, a Massachusetts-based company specializing in automated sample preparation systems. The acquisition strengthens Waters' position in the market by expanding its portfolio of automation solutions (Waters Corporation Press Release, 2024).
• In April 2025, the European Union's In Vitro Diagnostics Regulation (IVDR) came into effect, mandating stricter regulations for laboratory informatics systems used in the EU. This regulatory change is expected to drive the adoption of more robust and compliant solutions among European diagnostic laboratories (European Commission Press Release, 2020).

Research Analyst Overview

• In the dynamic the market, digital lab transformation is a key trend driving the adoption of customizable LIMS solutions. These advanced systems enable data integration platforms, facilitating seamless communication between various laboratory applications. Compliance with GLP/GMP regulations is a priority, necessitating data warehousing solutions and data governance frameworks for laboratory process optimization and quality management. Enterprise LIMS solutions enhance network infrastructure, allowing for predictive maintenance systems, quality assurance metrics, and real-time monitoring. Training and support, machine learning algorithms, and data mining techniques further bolster efficiency improvements.
• Secure data sharing, electronic signature systems, project management tools, and software validation plans ensure regulatory reporting tools are effective. Mobile LIMS applications and cloud-based systems offer flexibility, while validation services and remote lab access streamline the validation lifecycle.

Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Laboratory Informatics Market insights. See full methodology.

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What are the Key Data Covered in this Laboratory Informatics Market Research and Growth Report?

• CAGR of the Laboratory Informatics industry during the forecast period
• Detailed information on factors that will drive the growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
• Accurate predictions about upcoming growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, Asia, and Rest of World (ROW)
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the laboratory informatics market growth of industry companies

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