With the emergence and long-term Impact of COVID-19, Global Laboratory Informatics Market to reach USD XXX Million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Laboratory Informatics Market points towards a potential rise to USD XXX Million by 2030. Laboratory informatics is a multidisciplinary field that focuses on the use of information technology and software solutions to manage and streamline laboratory operations, data, and processes. It encompasses a range of tools and systems designed to improve the efficiency, accuracy, and compliance of laboratory workflows.
Laboratory informatics plays a crucial role in various scientific and industrial sectors, including pharmaceuticals, healthcare, environmental science, and manufacturing. The key factors driving the market growth are the rising need for laboratory automation, rising development of integrated lab informatics solutions, rising R&D expenditure in pharmaceutical and biotechnology industries, and growing focus on precision medicine that anticipated to support the market growth during the forecast period 2023-2030.
Geographically, the global Laboratory Informatics market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the strong economy and increasing R&D expenditure, rising demand for lab automation, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the cohesive government support for clinical R&D activities, growing drug development-based research, and growing biotech R&D investments.
The global Laboratory Informatics market is highly competitive owing to the presence of several key players such as LabVantage Solutions, Inc. LabWare Thermo Fisher Scientific Inc. Abbott Informatics PerkinElmer Inc. Agilent Technologies, Inc. LabLynx, Inc. Autoscribe Informatics Dassault Systèmes Labworks LLC, and others.
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Key findings of the study suggest:
- Global Laboratory Informatics Market is anticipated to grow with a healthy growth rate of more than XXX% over the forecast period 2023-2030.
- In the Type of Solution segment, Laboratory Information Management Systems (LIMS) emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to the strong economy and increasing R&D expenditure, rising demand for lab automation, and presence of key market players.
- Asia Pacific is expected to grow at higher rate followed by Europe during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
By Type of Solution:
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Chromatography Data Systems (CDS)
- Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- Laboratory Execution Systems (LES)
- Enterprise Content Management (ECM)
- Scientific Data Management Systems (SDMS)
By Component:
- Services
- Software
By Deployment Model:
- On-premise
- Cloud-based
- Remotely Hosted
By Industry:
- Life Sciences Industry
- Chemicals Industry
- Food & Beverage and Agriculture Industry
- Petrochemical Refineries and Oil & Gas Industry
- Environmental Testing Laboratories
- Other Industries
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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