PUBLISHER: TechSci Research | PRODUCT CODE: 1342715
PUBLISHER: TechSci Research | PRODUCT CODE: 1342715
Laboratory Informatics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Type of Solution, By Component, By Development Model, By Industry, By Region and By Competition
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Laboratory Informatics market is expected to witness impressive growth during the forecast period. This can be ascribed to the rising demand for laboratory automation to manage the vast data of clinical diagnosis across the globe. Moreover, the growing demand for biobanks or biorepositories for easy management of data is expected to further boost the growth of the market during the forecast period. Similarly, growing research and development expenditures in the pharmaceutical and biotechnology industries are the major factors driving the growth of the market. Moreover, growing preference for personalized medicine, cancer genomics studies, and increasing patient engagement requirements is anticipated to upsurge the demand for the laboratory informatics market during the forecast period. Similarly, increasing usage of cloud-based software, mobile, and voice technology for keeping the data safely in research laboratories is expected to further enhance the demand for lab automation system.
Growing Demand for Laboratory Automation
Growing demand for laboratory automation in the emerging countries for effective solution for tracking the challenges such as shortage of laboratory professionals and methods to reduce the manual intervention in the lab process is further expected to boost the growth of the market during the forecast period. Moreover, advancement of routine lab procedures along with the help of devoted workstations and software to program instruments, growing improvement in the lab productivity enables the individual researchers to focus on important tasks, which is expected to drive the growth of the market during the forecast period. Similarly, exponential rise in the data being produced by lab systems has increased the demand for cloud-based storage and improved the productivity and efficiency of laboratory processes, which will further drive the laboratory informatics market during the forecast period. High quality data is produced via automation which will make for better documentation. Moreover, growing adoption of advance technology in medial devices ad telemedicine has enhanced the demand for laboratory automation over the years. For instance, in March 2021, LabVantage Solutions, Inc. announced the launch of LabVantage Analytics, an advanced analytics solution that lets users easily explore, analyse, and visualize LIMS, enterprise, and external data to gain business insights.
Growing Prevalence of Chronic Diseases
The global prevalence of diabetes among adults over 18 years of age increased from 4.7% to 8.5% and an estimated 1.6 million deaths were directly caused by diabetes every year. Regular check-up and analysis of blood components and management of insulin can reduce diabetic conditions, diagnosis of such diseases is expected to drive the global market. Laboratory informatics is used for effective management of the flow of samples which helps in standardizing the workflows, tests and procedures. Growing adoption of technologically advanced software solutions and use of this system allows for better diagnosis and improve the regulatory compliance. In December 2019, Agilent Technologies teamed up with MGI Tech collaborated and was aimed at establishing cooperation in high throughput sequencing for providing a more efficient and reliable high throughput sequencing solution.
Market Segmentation
Global Laboratory Informatics market can be segmented on the basis of type of solution, component, development model, industry, and region. Based on the type of solution, the market can be segmented into laboratory information management system, electronic lab notebooks, chromatography data systems, electronic data capture and clinical data management systems, laboratory execution systems, enterprise content management system, scientific data management systems. Based on component, the market can be further divided into services v/s software. Based on the development model, the market can be differentiated into on premise model, cloud-based model, remotely hosted model. Based on industry, the market can be grouped into life science industry, chemical industry, food & beverage and agriculture industry, petrochemical refineries and oil &gas industry, environmental testing laboratories, and others. Regionally, North America dominated the market among Asia Pacific, Europe, Middle East & Africa, and South America. Among the different countries, the United States dominated the global Laboratory Informatics market on account of the growing adoption of laboratory informatics due to high literacy in the country.
Recent Development
- In January 2020, Waters Corporation signed an agreement to acquire Andrew Alliance, an innovator in specialty laboratory automation technology. The acquisition would broaden the technology portfolio of the company.
- In February 2022, Agilent Technologies, Inc. acquired advanced artificial intelligence (AI) technology developed by Virtual Control. With this acquisition, the company incorporated ACIES software into the industry's premier gas chromatography and mass spectrometry (GS/MS) platform, which boosted productivity, efficiency, and throughput in laboratories worldwide.
Market Players
Thermo Fisher Scientific Inc., LabWare, Inc., Core Informatics, LLC, Abbott Laboratories, Inc., LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Waters Corporation, Agilent Technologies, Inc., IDBS (Danaher Corporation) are some of the leading players operating in the Global Laboratory Informatics Market.
Report Scope
In this report, global Laboratory Informatics market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Laboratory Informatics Market, By Type of Solution:
- Laboratory information management system
- Electronic lab notebooks
- Chromatography data systems
- Electronic data capture and clinical data management systems
- Laboratory execution systems
- Enterprise content management system
- Scientific data management systems
Laboratory Informatics Market, By Component:
- Services
- Software
Laboratory Informatics Market, By Development Model:
- On premise model
- Cloud based model
- Remotely hosted model
Laboratory Informatics Market, By Industry:
- Life science industry
- Chemical industry
- Food & Beverage and agriculture industry
- Petrochemical refineries and oil &gas industry
- Environmental testing laboratories
- Others
Laboratory Informatics Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Laboratory Informatics Market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, Trends
4. Voice of Customer
5. Global Laboratory Informatics Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 5.2.2. By Component (Services v/s Software)
- 5.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 5.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 5.2.5. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
- 5.2.6. By Company (2022)
- 5.3. Market Map
- 5.3.1 By Type of Solution
- 5.3.2 By Component
- 5.3.3 By Development Model
- 5.3.4 By Industry
- 5.3.5 By Region
6. North America Laboratory Informatics Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 6.2.2. By Component (Services v/s Software)
- 6.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 6.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 6.2.5. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Laboratory Informatics Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type of Solution
- 6.3.1.2.2. By Component
- 6.3.1.2.3. By Development Model
- 6.3.1.2.4. By Industry
- 6.3.1.2.5. By Element
- 6.3.1.1. Market Size & Forecast
- 6.3.2. Canada Laboratory Informatics Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type of Solution
- 6.3.2.2.2. By Component
- 6.3.2.2.3. By Development Model
- 6.3.2.2.4. By Industry
- 6.3.2.1. Market Size & Forecast
- 6.3.3. Mexico Laboratory Informatics Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type of Solution
- 6.3.3.2.2. By Component
- 6.3.3.2.3. By Development Model
- 6.3.3.2.4. By Industry
- 6.3.3.1. Market Size & Forecast
- 6.3.1. United States Laboratory Informatics Market Outlook
7. Europe Laboratory Informatics Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 7.2.2. By Component (Services v/s Software)
- 7.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 7.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Laboratory Informatics Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type of Solution
- 7.3.1.2.2. By Component
- 7.3.1.2.3. By Development Model
- 7.3.1.2.4. By Industry
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Germany Laboratory Informatics Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type of Solution
- 7.3.2.2.2. By Component
- 7.3.2.2.3. By Development Model
- 7.3.2.2.4. By Industry
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Laboratory Informatics Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type of Solution
- 7.3.3.2.2. By Component
- 7.3.3.2.3. By Development Model
- 7.3.3.2.4. By Industry
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Laboratory Informatics Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type of Solution
- 7.3.4.2.2. By Component
- 7.3.4.2.3. By Development Model
- 7.3.4.2.4. By Industry
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Laboratory Informatics Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type of Solution
- 7.3.5.2.2. By Component
- 7.3.5.2.3. By Development Model
- 7.3.5.2.4. By Industry
- 7.3.5.1. Market Size & Forecast
- 7.3.1. France Laboratory Informatics Market Outlook
8. Asia-Pacific Laboratory Informatics Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 8.2.2. By Component (Services v/s Software)
- 8.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 8.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 8.2.5. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Laboratory Informatics Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type of Solution
- 8.3.1.2.2. By Component
- 8.3.1.2.3. By Development Model
- 8.3.1.2.4. By Industry
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Laboratory Informatics Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type of Solution
- 8.3.2.2.2. By Component
- 8.3.2.2.3. By Development Model
- 8.3.2.2.4. By Industry
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Laboratory Informatics Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type of Solution
- 8.3.3.2.2. By Component
- 8.3.3.2.3. By Development Model
- 8.3.3.2.4. By Industry
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Laboratory Informatics Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type of Solution
- 8.3.4.2.2. By Component
- 8.3.4.2.3. By Development Model
- 8.3.4.2.4. By Industry
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Laboratory Informatics Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type of Solution
- 8.3.5.2.2. By Component
- 8.3.5.2.3. By Development Model
- 8.3.5.2.4. By Industry
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China Laboratory Informatics Market Outlook
9. South America Laboratory Informatics Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 9.2.2. By Component (Services v/s Software)
- 9.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 9.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 9.2.5. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Laboratory Informatics Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type of Solution
- 9.3.1.2.2. By Component
- 9.3.1.2.3. By Development Model
- 9.3.1.2.4. By Industry
- 9.3.1.2.5.
- 9.3.1.1. Market Size & Forecast
- 9.3.2. Argentina Laboratory Informatics Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type of Solution
- 9.3.2.2.2. By Component
- 9.3.2.2.3. By Development Model
- 9.3.2.2.4. By Industry
- 9.3.2.1. Market Size & Forecast
- 9.3.3. Colombia Laboratory Informatics Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type of Solution
- 9.3.3.2.2. By Component
- 9.3.3.2.3. By Development Model
- 9.3.3.2.4. By Industry
- 9.3.3.1. Market Size & Forecast
- 9.3.1. Brazil Laboratory Informatics Market Outlook
10. Middle East and Africa Laboratory Informatics Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type of Solution (Laboratory information management system, electronic lab notebooks, Chromatography data systems, electronic data capture and clinical data management systems, Laboratory execution systems, Enterprise content management system, Scientific data management systems)
- 10.2.2. By Component (Services v/s Software)
- 10.2.3. By Development Model (On premise model, Cloud based model, Remotely hosted model)
- 10.2.4. By Industry (Life science industry, Chemical industry, Food & Beverage and agriculture industry, Petrochemical refineries and oil &gas industry, Environmental testing laboratories, Others)
- 10.2.5. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Laboratory Informatics Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type of Solution
- 10.3.1.2.2. By Component
- 10.3.1.2.3. By Development Model
- 10.3.1.2.4. By Industry
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Saudi Arabia Laboratory Informatics Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type of Solution
- 10.3.2.2.2. By Component
- 10.3.2.2.3. By Development Model
- 10.3.2.2.4. By Industry
- 10.3.2.1. Market Size & Forecast
- 10.3.3. UAE Laboratory Informatics Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type of Solution
- 10.3.3.2.2. By Component
- 10.3.3.2.3. By Development Model
- 10.3.3.2.4. By Industry
- 10.3.3.1. Market Size & Forecast
- 10.3.1. South Africa Laboratory Informatics Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.1.1 Growing demand for lab automation activities
- 11.1.2 Growing adoption of lab informatics by biobanks
- 11.1.3 Growing introduction of technologically advanced software services
- 11.2. Challenges
- 11.2.1 Lack of integration standards for laboratory informatics
- 11.2.2 Stringent Regulations
12. Market Trends & Developments
- 12.1. Recent Development
- 12.2. Mergers & Acquisitions
- 12.3. Product Launches
13. Global Laboratory Informatics Market: SWOT Analysis
14. Porter's Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. Business Overview
- 15.2. Product Offerings
- 15.3. Recent Developments
- 15.4. Financials (As Reported)
- 15.5. Key Personnel
- 15.5.1. Thermo Fisher Scientific Inc.
- 15.5.2. LabWare, Inc.
- 15.5.3. Core Informatics, LLC
- 15.5.4. Abbott Laboratories, Inc.
- 15.5.5. LabVantage Solutions, Inc.
- 15.5.6. LabLynx, Inc.
- 15.5.7. PerkinElmer, Inc.
- 15.5.8. Waters Corporation
- 15.5.9. Agilent Technologies, Inc.
- 15.5.10. IDBS (Danaher Corporation)
16. Strategic Recommendations
