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Global Laboratory Informatics Market to reach USD XX billion by the end of 2030.

Global Laboratory Informatics Market Size study & Forecast, by Type of Solution (LIMS, ELN, CDS, EDC & CDMS, LES, ECM, 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, Other Industries) and Regional Analysis, 2023-2030

Product Code: HLSHIT-99101595
Publish Date: 15-11-2023
Page: 200

Global Laboratory Informatics Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. 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.

Moreover, the growing demand for personalized medicine is one of the key factors supporting the growth of the Laboratory Informatics Market. Personalized medicine relies heavily on genomic data, patient-specific information, and data from various sources such as clinical trials, electronic health records (EHRs), and diagnostic tests. Managing and analyzing this vast amount of data efficiently is essential for tailoring treatment plans to individual patients. Laboratory informatics systems play a crucial role in collecting, storing, and processing this data. Thus, the growing demand for personalized medicine is anticipated to support the market growth. According to Statista, in 2020, the personalized medicine market was valued USD 2,210 billion and the demand for personalized medicine is increased significantly and the market reached USD 2,770 billion in 2022. Additionally, the rising popularity of cloud-based laboratory informatics is anticipated to create a lucrative opportunity for the market during the projected period. However, the high maintenance and service costs stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laboratory Informatics Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:
LabVantage Solutions, Inc.
Thermo Fisher Scientific Inc.
Abbott Informatics
PerkinElmer Inc.
Agilent Technologies, Inc.
LabLynx, Inc.
Autoscribe Informatics
Dassault Systèmes
Labworks LLC

Recent Developments in the Market:
Ø In June 2020, LabWare unveiled its most recent iteration of its Laboratory Information Management System (LIMS) – LabWare 8. This innovative solution, LabWare 8, represents the company’s Enterprise Laboratory Platform (ELP), seamlessly combining the functionalities of both LIMS and Electronic Laboratory Notebook (ELN) into a unified, integrated system.

Global Laboratory Informatics Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type of Solution, Component, Deployment Model, Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

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:
By Deployment Model:
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
By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Laboratory Informatics Market, by Region, 2020-2030 (USD Billion)
1.2.2. Laboratory Informatics Market, by Type of Solution, 2020-2030 (USD Billion)
1.2.3. Laboratory Informatics Market, by Component, 2020-2030 (USD Billion)
1.2.4. Laboratory Informatics Market, by Deployment Model, 2020-2030 (USD Billion)
1.2.5. Laboratory Informatics Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Laboratory Informatics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Laboratory Informatics Market Dynamics
3.1. Laboratory Informatics Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Rising need for laboratory automation Growing development of integrated lab informatics solutions Rising R&D expenditure in pharmaceutical and biotechnology industries Growing focus on precision medicine
3.1.2. Market Challenges High maintenance and service costs
3.1.3. Market Opportunities Rising popularity of cloud-based laboratory informatics
Chapter 4. Global Laboratory Informatics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Laboratory Informatics Market, by Type of Solution
5.1. Market Snapshot
5.2. Global Laboratory Informatics Market by Type of Solution, Performance – Potential Analysis
5.3. Global Laboratory Informatics Market Estimates & Forecasts by Type of Solution 2020-2030 (USD Billion)
5.4. Laboratory Informatics Market, Sub Segment Analysis
5.4.1. Laboratory Information Management Systems (LIMS)
5.4.2. Electronic Lab Notebooks (ELN)
5.4.3. Chromatography Data Systems (CDS)
5.4.4. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
5.4.5. Laboratory Execution Systems (LES)
5.4.6. Enterprise Content Management (ECM)
5.4.7. Scientific Data Management Systems (SDMS)
Chapter 6. Global Laboratory Informatics Market, by Component
6.1. Market Snapshot
6.2. Global Laboratory Informatics Market by Component, Performance – Potential Analysis
6.3. Global Laboratory Informatics Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Laboratory Informatics Market, Sub Segment Analysis
6.4.1. Services
6.4.2. Software
Chapter 7. Global Laboratory Informatics Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Laboratory Informatics Market by Deployment Model, Performance – Potential Analysis
7.3. Global Laboratory Informatics Market Estimates & Forecasts by Deployment Model 2020-2030 (USD Billion)
7.4. Laboratory Informatics Market, Sub Segment Analysis
7.4.1. On-premise
7.4.2. Cloud-based
7.4.3. Remotely Hosted
Chapter 8. Global Laboratory Informatics Market, by Industry
8.1. Market Snapshot
8.2. Global Laboratory Informatics Market by Industry, Performance – Potential Analysis
8.3. Global Laboratory Informatics Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
8.4. Laboratory Informatics Market, Sub Segment Analysis
8.4.1. Life Sciences Industry
8.4.2. Chemicals Industry
8.4.3. Food & Beverage and Agriculture Industry
8.4.4. Petrochemical Refineries and Oil & Gas Industry
8.4.5. Environmental Testing Laboratories
8.4.6. Other Industries
Chapter 9. Global Laboratory Informatics Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Laboratory Informatics Market, Regional Market Snapshot
9.4. North America Laboratory Informatics Market
9.4.1. U.S. Laboratory Informatics Market Type of Solution breakdown estimates & forecasts, 2020-2030 Component breakdown estimates & forecasts, 2020-2030 Deployment Model breakdown estimates & forecasts, 2020-2030 Industry breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Laboratory Informatics Market
9.5. Europe Laboratory Informatics Market Snapshot
9.5.1. U.K. Laboratory Informatics Market
9.5.2. Germany Laboratory Informatics Market
9.5.3. France Laboratory Informatics Market
9.5.4. Spain Laboratory Informatics Market
9.5.5. Italy Laboratory Informatics Market
9.5.6. Rest of Europe Laboratory Informatics Market
9.6. Asia-Pacific Laboratory Informatics Market Snapshot
9.6.1. China Laboratory Informatics Market
9.6.2. India Laboratory Informatics Market
9.6.3. Japan Laboratory Informatics Market
9.6.4. Australia Laboratory Informatics Market
9.6.5. South Korea Laboratory Informatics Market
9.6.6. Rest of Asia Pacific Laboratory Informatics Market
9.7. Latin America Laboratory Informatics Market Snapshot
9.7.1. Brazil Laboratory Informatics Market
9.7.2. Mexico Laboratory Informatics Market
9.8. Middle East & Africa Laboratory Informatics Market
9.8.1. Saudi Arabia Laboratory Informatics Market
9.8.2. South Africa Laboratory Informatics Market
9.8.3. Rest of Middle East & Africa Laboratory Informatics Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. LabVantage Solutions, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.3.2. LabWare
10.3.3. Thermo Fisher Scientific Inc.
10.3.4. Abbott Informatics
10.3.5. PerkinElmer Inc.
10.3.6. Agilent Technologies, Inc.
10.3.7. LabLynx, Inc.
10.3.8. Autoscribe Informatics
10.3.9. Dassault Systèmes
10.3.10. Labworks LLC
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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