Laboratory Informatics Market by Component (Services, Software), Solution (Chromatography Data Systems, Electronic Data Capture & Clinical Data Management Systems, Electronic Lab Notebooks), Deployment Model, Industry - Global Forecast 2024-2030

Laboratory Informatics Market by Component (Services, Software), Solution (Chromatography Data Systems, Electronic Data Capture & Clinical Data Management Systems, Electronic Lab Notebooks), Deployment Model, Industry - Global Forecast 2024-2030

The Laboratory Informatics Market size was estimated at USD 3.34 billion in 2023 and expected to reach USD 3.71 billion in 2024, at a CAGR 11.59% to reach USD 7.21 billion by 2030.

Global Laboratory Informatics Market Laboratory informatics combines information technology with laboratory procedures to enable and enhance scientific processes and deliver high-quality and reliable laboratory information. The lab informatics market provides a full spectrum of consulting, implementation, support, and product development solutions in the lab informatics space, helping create smart labs. The lab informatics market is surging due to the increasing need for laboratory automation and the exponential digitization of the healthcare industry. However, the insufficient number of skilled professionals and lack of a proper regulatory framework for laboratory informatics are major challenging factors in the market. The increasing adoption of cloud-based informatics solutions, artificial intelligence in diagnostics, and rising demand for biobanks in academic research institutions are creating new opportunities in the market.Regional InsightsThe Americas has a highly developed landscape for the laboratory informatics market, owing to a well-established economy and large-scale investments in diagnostics and information technology. The presence of well-established pharma companies and the growing requirement to contain operational costs incurred in information management and analysis contribute to the growth of the laboratory informatics market in the Americas. The prevalence of cardiovascular and infectious diseases is expanding the usage of eClinical services, subsequently leading to an increase in the demand for laboratory informatics in the Asia-Pacific in the upcoming years. The well-established infrastructure for conducting clinical trials pertaining to affordable patient care and evidence-based management is expected to help penetrate lab informatics in EMEA, thus boosting the market growth.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Laboratory Informatics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Laboratory Informatics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Laboratory Informatics Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Accelerated Technology Laboratories, Inc., Accenture PLC, Agilent Technologies, Inc., Autoscribe Informatics, Benchling Inc, Broughton Software Limited, Caliber Group, Capgemini SE, CliniSys Solutions Limited, Computing Solutions, Inc., CSols Inc., Dassault Systemes SE, Illumina, Inc., Infosys Limited, International Business Machines Corporation, LabLynx, Inc., LabVantage Solutions, Inc., LabWare Ltd, LABWORKS LLC, McKesson Corporation, Microsoft Corporation, Novatek International, Oracle Corporation, PerkinElmer Inc., Scitara Corporation, SIQ Systems, Soft Computer Consultants, Inc., Thermo Fisher Scientific Inc., and Waters Corporation.

Market Segmentation & Coverage

This research report categorizes the Laboratory Informatics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Component
Services

Software

Solution
Chromatography Data Systems

Electronic Data Capture & Clinical Data Management Systems

Electronic Lab Notebooks

Enterprise Content Management

Laboratory Execution Systems

Laboratory Information Management Systems

Scientific Data Management Systems

Deployment Model
On-Cloud

On-Premise

Industry
Chemical & Petrochemical

Environmental Testing

Food & Beverage

Forensics

Healthcare & Life-Sciences (pharma, biopharma,academic research)

Manufacturing

Metals & Mining

Oil & Gas

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Laboratory Informatics Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Laboratory Informatics Market?
3. What are the technology trends and regulatory frameworks in the Laboratory Informatics Market?
4. What is the market share of the leading vendors in the Laboratory Informatics Market?
5. Which modes and strategic moves are suitable for entering the Laboratory Informatics Market?

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