Press release
Key Trends Reshaping the Laboratory Informatics Market: Technological Advancements Enhance Laboratory Informatics Market Industry Transformation
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Laboratory Informatics Market Size Growth Forecast: What to Expect by 2025?
The size of the laboratory informatics market has seen substantial expansion over the past few years. The market, which was worth $3.8 billion in 2024, is expected to reach $4 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. This rapid growth during the historical period is believed to be the result of the proliferation of electronic lab notebooks, the automation of laboratories, a surge in pharmaceutical r&d activities, the integration of various laboratory systems, and the rising challenges of research.
How Will the Laboratory Informatics Market Size Evolve and Grow by 2029?
In the coming years, it is projected that the laboratory informatics market will experience a significant surge in value. It is forecast to rise to $6.12 billion by 2029, advancing at a compound annual growth rate (CAGR) of 11.2%. This development in the forecast period can be linked to several factors such as the increased utilization of cloud-based solutions, mobile informatics solutions, the global cooperation in research, initiatives towards data standardization, focus on environmental monitoring, as well as remote access and virtualization. The forecast period is also likely to witness key trends like the emergence of advanced data visualization tools, integration across platforms, an improved user experience, and the exploration of blockchain technology.
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What Drivers Are Propelling the Growth of Laboratory Informatics Market Forward?
The surge in demand for laboratory automation is anticipated to stimulate growth in the laboratory informatics market over the forecast period. The repeated happenings of human mistakes in lab activities have prompted laboratory organizations to adopt automated solutions. One example can be seen in a study by AZoLifeSciences, which found that 30-86% of pre-analytical errors in labs are linked to human error. Laboratory automation encompasses the use of automated lab instruments and sophisticated analytical software to obtain precise results on a large scale. It serves to enhance the accuracy and reliability of data while reducing the overall costs related to manual tasks. Therefore, the escalating demand for lab automation is predicted to accelerate the growth of the laboratory informatics market in the forecast timeline.
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Which Emerging Trends Are Transforming the Laboratory Informatics Market in 2025?
The upsurge of technology is a prominent trend that is being recognized in the laboratory informatics market. Companies in this sector are progressively investing in the creation of novel, technologically sophisticated software suites to address the unique operational needs of laboratory clients worldwide. For example, Biosero, Inc., a laboratory automation firm based in the United States, unveiled the Green Button Go software suite in February 2022. This suite offers automated workflow solutions for everything from a single workstation to operations across multiple labs. This development integrates various functionalities, including controlling and scheduling several lab instruments and devices from one central interface. The technology uses automation by implementing various algorithms and codes to store and deliver the results.
What Are the Key Segments in the Laboratory Informatics Market?
The laboratory informaticsmarket covered in this report is segmented -
1) By Type: Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) And Clinical Data Management Systems (CDMS), Laboratory Execution Systems (LES), Enterprise Content Management (ECM), Scientific Data Management Systems (SDMS)
2) By Component: Services, Software
3) By Deployment Model: On-premise, Cloud-based, Remotely Hosted
4) By Industry: Life Sciences Industry, Chemicals Industry, Food And Beverage And Agriculture Industry, Petrochemical Refineries And Oil And Gas Industry, Environmental Testing Laboratories, Other Industries
Subsegments:
1) By Laboratory Information Management Systems (LIMS): Sample Management, Workflow Management, Quality Control
2) By Electronic Lab Notebooks (ELN): Data Capture, Collaboration Tools, Compliance Management
3) By Chromatography Data Systems (CDS): Data Acquisition, Data Analysis, Reporting And Compliance
4) By Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS): Data Collection, Data Validation, Clinical Trial Management
5) By Laboratory Execution Systems (LES): Workflow Automation, Resource Management, Compliance Tracking
6) By Enterprise Content Management (ECM): Document Management, Records Management, Digital Asset Management
7) By Scientific Data Management Systems (SDMS): Data Integration, Data Storage, Data Retrieval
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Who Are the Key Players Shaping the Laboratory Informatics Market's Competitive Landscape?
Major companies operating in the laboratory informatics market include Thermo Fisher Scientific Inc., LabVantage Solutions Inc., LabWare Inc., STARLIMS Corporation, LabLynx Inc., Waters Corporation, Autoscribe Informatics, LABWORKS LLC, Cerner Corporation, McKesson Corporation, ID Business Solutions Limited, Arxspan LLC, Kinematik Ltd., RURO Inc., Accelerated Technology Laboratories Inc., Agilent Technologies Pvt. Ltd., PerkinElmer Inc., Dassault Systèmes SE, Novatek International Inc., LabArchives Inc., Bio-ITech BV, GenoLogics Life Sciences Software Inc., LabKey Corporation, LabSoft LIMS by Computing Solutions Inc., LIMS-plus, Promium LLC, Danaher Corporation, Siemens Healthineers AG, GE Healthcare Technologies Inc., Epic Systems Corporation
What Geographic Markets Are Powering Growth in the Laboratory Informatics Market?
North America was the largest region in the laboratory informatics market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laboratory informatics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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