Product Code: GVR-1-68038-193-1
Laboratory Informatics Market Growth & Trends:
The global laboratory informatics market size is anticipated to reach USD 5.21 billion by 2030, growing at a CAGR of 5.13% from 2024 to 2030, according to a new report by Grand View Research, Inc. Rising regulatory pressures to accelerate the adoption of Laboratory Information Management Systems (LIMS) among life sciences companies, aiding in compliance management and cost-effective workflow management needs are driving the market growth. The surge in LIMS usage by biobanks and the demand for integrated healthcare are primary growth drivers. Moreover, advancements in LIMS technology are set to further propel market expansion in the coming year.
Data generated by laboratories has significantly increased over the forecast period owing to rapid technological advancements in molecular genomics and genetic testing practices. In addition, shifts in preference toward personalized medicine, cancer genomics studies, and increasing patient engagement are anticipated to fuel the market growth in the coming years. The increasing emphasis on using big data and modeling in research, along with the incorporation of AI and machine learning in healthcare, is driving market growth.
Tools such as Tableau and Spotfire are enhancing data visualization capabilities and enabling the generation of innovative insights in laboratory settings. As a result, industry leaders are heavily investing in these technologies to stay ahead in the market. For instance, in August 2021, IDBS and Tableau publicized a strategic corporation to integrate Tableau into the IDBS suite of products. The partnership will enhance IDBS's product offerings. These initiatives are anticipated to boost market growth over the forecast period.
Laboratory Informatics Market Report Highlights:
- Based on product, the LIMS segment dominated the market in 2023. This is attributed to the associated benefits such as data tracking and management with fewer errors.
- Based on delivery mode, the web-based segment dominated the market in 2023. This is attributed to the demand for streamlined data management and analysis, alongside the exponential growth in data volume and diverse formats
- Based on components, the services segment dominated the market in 2023. This is attributed to the increasing demand for versatile, scalable LIMS solutions for efficient data and process management that is driving growth, with large pharma and research labs outsourcing advanced analytics due to internal limitations.
- Based on end use, the life science companies segment dominated the market in 2023. This is attributed to the rising demand for laboratory informatics to drive product innovation, enhance quality, and boost operational efficiency.
- North America region held the largest market share in 2023 which is attributed to supportive government initiatives promoting the adoption of LIMS.
- In February 2023, LabWare launched LabWare 8, which integrates LIMS, ELN, Mobile, and LabWare Analytics into the LabWare Enterprise Laboratory Platform (ELP), providing the most adaptable and functionally complete solution for laboratories of any size.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Product
- 1.2.2. Delivery Mode
- 1.2.3. Component
- 1.2.4. End Use
- 1.3. Estimates and Forecast Timeline
- 1.4. Research Methodology
- 1.5. Information Procurement
- 1.5.1. Purchased Database
- 1.5.2. GVR's Internal Database
- 1.5.3. Secondary Sources
- 1.5.4. Primary Research
- 1.6. Information Analysis
- 1.6.1. Data Analysis Models
- 1.7. Market Formulation & Data Visualization
- 1.8. Model Details
- 1.8.1. Commodity Flow Analysis
- 1.9. List of Secondary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.1.1. Increasing adoption of laboratory informatics by biobanks/biorepositories, academic research institutes, and contract service organizations
- 3.2.1.2. Increasing burden on laboratories from regulatory authorities
- 3.2.1.3. Introduction of technologically advanced software services
- 3.2.1.4. Growing demand for lab automation activities
- 3.2.2. Market Restraint Analysis
- 3.2.2.1. Lack of integration standards for laboratory informatics
- 3.2.2.2. Threat to data security
- 3.2.3. Market Opportunity Analysis
- 3.2.4. Market Threat Analysis
- 3.3. Business Environment Analysis
- 3.3.1. Porter's Five Forces Analysis
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTLE Analysis
Chapter 4. Laboratory Informatics Market: Product Estimates & Trend Analysis
- 4.1. Product Segment Dashboard
- 4.2. Product Market Share Movement Analysis, 2023 & 2030
- 4.3. Market Size & Forecasts and Trend Analysis, by Product, 2018 to 2030 (USD Million)
- 4.4. Laboratory Information Management Systems (LIMS)
- 4.4.1. Laboratory Information Management Systems (LIMS) market, 2018 - 2030 (USD Million)
- 4.5. Electronic Lab Notebooks (ELN)
- 4.5.1. Electronic Lab Notebooks (ELN) market, 2018 - 2030 (USD Million)
- 4.6. Scientific Data Management Systems (SDMS)
- 4.6.1. Scientific Data Management Systems (SDMS) market, 2018 - 2030 (USD Million)
- 4.7. Laboratory Execution Systems (LES)
- 4.7.1. Laboratory Execution Systems (LES) market, 2018 - 2030 (USD Million)
- 4.8. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- 4.8.1. Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS) market, 2018 - 2030 (USD Million)
- 4.9. Chromatography Data Systems (CDS)
- 4.9.1. Chromatography Data Systems (CDS) market, 2018 - 2030 (USD Million)
- 4.10. Enterprise Content Management (ECM)
- 4.10.1. Enterprise Content Management (ECM) market, 2018 - 2030 (USD Million)
Chapter 5. Laboratory Informatics Market: Delivery Mode Estimates & Trend Analysis
- 5.1. Delivery Mode Segment Dashboard
- 5.2. Delivery Mode Market Share Movement Analysis, 2023 & 2030
- 5.3. Market Size & Forecasts and Trend Analysis, by Delivery Mode, 2018 to 2030 (USD Million)
- 5.4. Web-based
- 5.4.1. Web-based market, 2018 - 2030 (USD Million)
- 5.5. On-Premise
- 5.5.1. On-Premise market, 2018 - 2030 (USD Million)
- 5.6. Cloud Based
- 5.6.1. Cloud Based market, 2018 - 2030 (USD Million)
Chapter 6. Laboratory Informatics Market: Component Estimates & Trend Analysis
- 6.1. Component Segment Dashboard
- 6.2. Component Market Share Movement Analysis, 2023 & 2030
- 6.3. Market Size & Forecasts and Trend Analysis, by Component, 2018 to 2030 (USD Million)
- 6.4. Software
- 6.4.1. Software market, 2018 - 2030 (USD Million)
- 6.5. Services
- 6.5.1. Services market, 2018 - 2030 (USD Million)
Chapter 7. Laboratory Informatics Market: End Use Estimates & Trend Analysis
- 7.1. End Use Segment Dashboard
- 7.2. End Use Market Share Movement Analysis, 2023 & 2030
- 7.3. Market Size & Forecasts and Trend Analysis, by End Use, 2018 to 2030 (USD Million)
- 7.4. Life Sciences
- 7.4.1. Life sciences market, 2018 - 2030 (USD Million)
- 7.4.2. Pharmaceutical and Biotechnology Companies
- 7.4.2.1. Pharmaceutical and biotechnology companies market, 2018 - 2030 (USD Million)
- 7.4.3. Biobanks/Biorepositories
- 7.4.3.1. Biobanks/biorepositories market, 2018 - 2030 (USD Million)
- 7.4.4. Contract Services Organizations (CROs and CMOs)
- 7.4.4.1. Contract services organizations (CROs and CMOs) market, 2018 - 2030 (USD Million)
- 7.4.5. Molecular Diagnostics & Clinical Research Laboratories
- 7.4.5.1. Molecular diagnostics & clinical research laboratories market, 2018 - 2030 (USD Million)
- 7.4.6. Academic Research Institutes
- 7.4.6.1. Academic research institutes market, 2018 - 2030 (USD Million)
- 7.5. CROs
- 7.5.1. CROs market, 2018 - 2030 (USD Million)
- 7.6. Chemical Industry
- 7.6.1. Chemical industry market, 2018 - 2030 (USD Million)
- 7.7. Food and Beverage and Agriculture Industries
- 7.7.1. Food and beverage and agriculture industries market, 2018 - 2030 (USD Million)
- 7.8. Environmental Testing Laboratories
- 7.8.1. Environmental testing laboratories market, 2018 - 2030 (USD Million)
- 7.9. Petrochemical Refineries & Oil and Gas Industry
- 7.9.1. Petrochemical refineries & oil and gas industry market, 2018 - 2030 (USD Million)
- 7.10. Other Industries (Forensics and Metal & Mining Laboratories)
- 7.10.1. Other industries market, 2018 - 2030 (USD Million)
Chapter 8. Laboratory Informatics Market: Regional Estimates & Trend Analysis
- 8.1. Regional Market Dashboard
- 8.2. Regional Market: Key Takeaways
- 8.3. North America
- 8.3.1. North America laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.2. U.S.
- 8.3.2.1. Key country dynamic
- 8.3.2.2. Regulatory framework
- 8.3.2.3. Competitive insights
- 8.3.2.4. U.S. laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Canada
- 8.3.3.1. Key country dynamic
- 8.3.3.2. Regulatory framework
- 8.3.3.3. Competitive insights
- 8.3.3.4. Canada laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.3.4. Mexico
- 8.3.4.1. Key country dynamic
- 8.3.4.2. Regulatory framework
- 8.3.4.3. Competitive insights
- 8.3.4.4. Mexico laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Europe laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.2. Germany
- 8.4.2.1. Key country dynamic
- 8.4.2.2. Regulatory framework
- 8.4.2.3. Competitive insights
- 8.4.2.4. Germany laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.3. UK
- 8.4.3.1. Key country dynamic
- 8.4.3.2. Regulatory framework
- 8.4.3.3. Competitive insights
- 8.4.3.4. UK laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.4. France
- 8.4.4.1. Key country dynamic
- 8.4.4.2. Regulatory framework
- 8.4.4.3. Competitive insights
- 8.4.4.4. France laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.5. Italy
- 8.4.5.1. Key country dynamic
- 8.4.5.2. Regulatory framework
- 8.4.5.3. Competitive insights
- 8.4.5.4. Italy laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.6. Spain
- 8.4.6.1. Key country dynamic
- 8.4.6.2. Regulatory framework
- 8.4.6.3. Competitive insights
- 8.4.6.4. Spain laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.7. Denmark
- 8.4.7.1. Key country dynamic
- 8.4.7.2. Regulatory framework
- 8.4.7.3. Competitive insights
- 8.4.7.4. Denmark laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.8. Sweden
- 8.4.8.1. Key country dynamic
- 8.4.8.2. Regulatory framework
- 8.4.8.3. Competitive insights
- 8.4.8.4. Sweden laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.4.9. Norway
- 8.4.9.1. Key country dynamic
- 8.4.9.2. Regulatory framework
- 8.4.9.3. Competitive insights
- 8.4.9.4. Norway laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Asia Pacific laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Japan
- 8.5.2.1. Key country dynamic
- 8.5.2.2. Regulatory framework
- 8.5.2.3. Competitive insights
- 8.5.2.4. Japan laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.3. China
- 8.5.3.1. Key country dynamic
- 8.5.3.2. Regulatory framework
- 8.5.3.3. Competitive insights
- 8.5.3.4. China laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.4. India
- 8.5.4.1. Key country dynamic
- 8.5.4.2. Regulatory framework
- 8.5.4.3. Competitive insights
- 8.5.4.4. India laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.5. South Korea
- 8.5.5.1. Key country dynamic
- 8.5.5.2. Regulatory framework
- 8.5.5.3. Competitive insights
- 8.5.5.4. South Korea laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.6. Australia
- 8.5.6.1. Key country dynamic
- 8.5.6.2. Regulatory framework
- 8.5.6.3. Competitive insights
- 8.5.6.4. Australia laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.5.7. Thailand
- 8.5.7.1. Key country dynamic
- 8.5.7.2. Regulatory framework
- 8.5.7.3. Competitive insights
- 8.5.7.4. Thailand laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6. Latin America
- 8.6.1. Latin America Laboratory Informatics Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Brazil
- 8.6.2.1. Key country dynamic
- 8.6.2.2. Regulatory framework
- 8.6.2.3. Competitive insights
- 8.6.2.4. Brazil laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.6.3. Argentina
- 8.6.3.1. Key country dynamic
- 8.6.3.2. Regulatory framework
- 8.6.3.3. Competitive insights
- 8.6.3.4. Argentina laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7. MEA
- 8.7.1. MEA laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.2. South Africa
- 8.7.2.1. Key country dynamic
- 8.7.2.2. Regulatory framework
- 8.7.2.3. Competitive insights
- 8.7.2.4. South Africa laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.3. Saudi Arabia
- 8.7.3.1. Key country dynamic
- 8.7.3.2. Regulatory framework
- 8.7.3.3. Competitive insights
- 8.7.3.4. Saudi Arabia laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.4. UAE
- 8.7.4.1. Key country dynamic
- 8.7.4.2. Regulatory framework
- 8.7.4.3. Competitive insights
- 8.7.4.4. UAE laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
- 8.7.5. Kuwait
- 8.7.5.1. Key country dynamic
- 8.7.5.2. Regulatory framework
- 8.7.5.3. Competitive insights
- 8.7.5.4. Kuwait laboratory informatics market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 9. Competitive Landscape
- 9.1. Participant Overview
- 9.2. Company Market Position Analysis
- 9.3. Company Categorization
- 9.4. Strategy Mapping
- 9.5. Company Profiles/Listing
- 9.5.1. Abbott
- 9.5.1.1. Overview
- 9.5.1.2. Financial performance
- 9.5.1.3. Product benchmarking
- 9.5.1.4. Strategic initiatives
- 9.5.2. Agilent Technologies, Inc.
- 9.5.2.1. Overview
- 9.5.2.2. Financial performance
- 9.5.2.3. Product benchmarking
- 9.5.2.4. Strategic initiatives
- 9.5.3. IDBS
- 9.5.3.1. Overview
- 9.5.3.2. Financial performance
- 9.5.3.3. Product benchmarking
- 9.5.3.4. Strategic initiatives
- 9.5.4. LabLynx, Inc.
- 9.5.4.1. Overview
- 9.5.4.2. Financial performance
- 9.5.4.3. Product benchmarking
- 9.5.4.4. Strategic initiatives
- 9.5.5. LabVantage Solutions, Inc.
- 9.5.5.1. Overview
- 9.5.5.2. Financial performance
- 9.5.5.3. Product benchmarking
- 9.5.5.4. Strategic initiatives
- 9.5.6. LabWare
- 9.5.6.1. Overview
- 9.5.6.2. Financial performance
- 9.5.6.3. Product benchmarking
- 9.5.6.4. Strategic initiatives
- 9.5.7. McKesson Corporation
- 9.5.7.1. Overview
- 9.5.7.2. Financial performance
- 9.5.7.3. Product benchmarking
- 9.5.7.4. Strategic initiatives
- 9.5.8. PerkinElmer, Inc.
- 9.5.8.1. Overview
- 9.5.8.2. Financial performance
- 9.5.8.3. Product benchmarking
- 9.5.8.4. Strategic initiatives
- 9.5.9. Thermo Fisher Scientific, Inc.
- 9.5.9.1. Overview
- 9.5.9.2. Financial performance
- 9.5.9.3. Product benchmarking
- 9.5.9.4. Strategic initiatives
- 9.5.10. Waters
- 9.5.10.1. Overview
- 9.5.10.2. Financial performance
- 9.5.10.3. Product benchmarking
- 9.5.10.4. Strategic initiatives