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 8.20% in the forecast period of 2025-2034 and reach USD 7.76 Billion by 2034.
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.
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.
Laboratory Informatics Market Segmentation
“global laboratory informatics market report and forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
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