A detailed analysis of the Global Laboratory Informatics Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Laboratory Informatics Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.

The global laboratory informatics market size was USD 3.68 Billion in 2022 and is expected to reach USD 5.71 Billion in 2032, and register a rapid revenue CAGR of 5% during the forecast period. Rising demand for laboratory automation, digitization of laboratory productivity, efficiency, and data management, and increasing uptake of cloud-based solutions are major factors driving market revenue growth.  Laboratory informatics refers to deployment of Information Technology (IT) to enhance data collection and analysis in laboratories. This is critical to ensure  reliability and quality of data and typically used in scientific research activities to streamline workflow and improve accuracy of experiments.

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Market Overview:

In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are

  • Thermo Fisher Scientific Inc.
  • Agilent Technologies, Inc.
  • Waters Corporation
  • PerkinElmer, Inc.
  • Abbott Informatics Corporation
  • Accelerated Technology Laboratories, Inc.
  • LabWare, Inc.
  • Lablynx, Inc.
  • Autoscribe Informatics, Inc.
  • Computing Solutions, Inc.

Based on Product Type market is segmented into:

  • Laboratory Information Management Systems (LIMS)
  • Electronic Lab Notebooks (ELN)
  • Scientific Data Management Systems (SDMS)
  • Chromatography Data Systems (CDS)
  • Electronic Data Capture (EDC)
  • Laboratory Execution Systems (LES)
  • Others

Based on Component market is segmented into:

  • Software
  • Services

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Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

Strategic Development:

  • On 19 January 2021, Thermo Fisher Scientific Inc. acquired Mesa Biotech, Inc., a privately held molecular diagnostic company, for USD450 million. This acquisition was aimed at enhancing Thermo Fisher's product offerings in the molecular diagnostic market and strengthening its presence in the point-of-care testing segment.
  • On 11 July 2019, Agilent Technologies, Inc. acquired BioTek Instruments, Inc., a leading provider of life science instrumentation, for USD1.2 billion. This acquisition was aimed at enhancing Agilent's product portfolio in the life science research market and strengthening its position in the cell analysis segment.

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