According to a recently published market study report by Persistence Market Research, the Laboratory Informatics market had global sales of US$ 3 billion in 2021. The anticipated market growth from 2022 to 2032 is anticipated to be 5.8%, which is much greater than the increase in the past. In the future years, the Laboratory Informatics market’s absolute dollar opportunity is expected to expand by US$ 2.4 billion overall. Adoption is anticipated to be supported by a rise in laboratory automation demand.
The global market for laboratory informatics is expected to witness significant growth between 2023 and 2033, driven by the increasing need for efficient data management and analysis in laboratory settings. Laboratory informatics solutions play a crucial role in streamlining workflows, improving data accuracy, and enhancing overall operational efficiency. With advancements in technology and the growing demand for digital transformation, laboratories across various industries are adopting informatics solutions to optimize their processes and drive better outcomes.
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Laboratory informatics encompasses a range of software and hardware solutions that enable laboratories to effectively manage and analyze data generated from scientific experiments and research. These solutions provide a centralized platform for data storage, retrieval, and analysis, eliminating the need for manual record-keeping and reducing the risk of errors. By automating data capture and analysis, laboratory informatics solutions enable scientists and researchers to focus more on their core work, leading to increased productivity and accelerated research and development.
The laboratory informatics market is witnessing rapid advancements in technologies such as cloud computing, artificial intelligence, and big data analytics, which are transforming data management and analysis capabilities. Cloud-based laboratory informatics systems offer scalability, flexibility, and improved accessibility, allowing laboratories to store and access their data securely from anywhere, anytime. The integration of artificial intelligence and machine learning algorithms in informatics solutions enables advanced data analytics, predictive modeling, and decision support, empowering laboratories to derive meaningful insights from their data and drive evidence-based decision-making.
Moreover, the increasing regulatory requirements in various industries, such as pharmaceuticals, biotechnology, food and beverage, and environmental sciences, are driving the adoption of laboratory informatics solutions. These solutions help laboratories comply with regulatory standards by ensuring data integrity, traceability, and auditability. They also facilitate seamless collaboration and information sharing among different stakeholders, both within and outside the laboratory, leading to improved efficiency, faster turnaround times, and enhanced overall quality.
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As laboratories strive for greater efficiency and accuracy in data management and analysis, the laboratory informatics market is set to witness significant growth in the coming years. The adoption of informatics solutions enables laboratories to stay at the forefront of technological advancements, enhance their competitiveness, and deliver high-quality results to meet the evolving needs of industries and research organizations.
Companies Covered in This Report –
- THERMO FISHER SCIENTIFIC, INC.
- CORE INFORMATICS
- LABWARE
- PERKINELMER, INC.
- LABVANTAGE SOLUTIONS, INC.
- LABLYNX, INC.
- AGILENT TECHNOLOGIES
- ID BUSINESS SOLUTIONS LTD.
- MCKESSON CORPORATION
- WATERS CORPORATION
- ABBOTT INFORMATICS
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Market Segments Covered in Laboratory Informatics Industry Analysis
By Product Type
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Scientific Data Management Systems (SDMS)
- Laboratory Execution Systems (LES)
- Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- Chromatography Data Systems (CDS)
- Enterprise Content Management (ECM)
- Sclerotherapy
- Cellulite Treatment
By Deployment Mode
- On-premise
- Web-hosted
- Cloud-based
By Component
- Software
- Services
By End- user
- Life Sciences
- CROs
- Chemical Industry
- F&B and Agriculture
- Environmental Testing Labs
- Petrochemical Refineries & Oil and Gas Industry
- Other End-Users
By Region
- North America
- Latin America
- Europe
- APAC
- MEA
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