Laboratory Informatics Market By Type (Internal Deployment, Cloud Deployment, and Remote Host), By Application (Life Science, Chemical, Food, Environmental Laboratory, and Other), Industry Trends, Estimation & Forecast, 2023-2030

Market Overview

Laboratory informatics is an application of information technology to optimize and extend laboratory operations. Laboratory informatics is one of the fastest-growing areas of laboratory-related technology. Laboratory informatics technology is used by scientists and other end users in the laboratory. Laboratory informatics covers data acquisition, lab automation, instrument interfacing, laboratory networking, data processing, specialized data management systems, laboratory information management systems, scientific data management, and knowledge management. It ensures the integrated management and scheduling of people, equipment, and data as well as the integrated execution of procedures, experiments, and tests. It helps in reducing 30% of errors and reworks.

Laboratory Informatics market was valued at 1056.7 million US$ in 2022 and is projected to reach 1748.9 million US$ by 2030, at a CAGR of 6.5% during the forecast period.

Market Dynamics

Increasing development of integrated lab informatics solutions is boosting the market growth. Laboratory informatics Integrated with AI technology is a huge potential to provide advanced research and faster and specialized treatments to patients. Lab Informatics technology is used to approximate human cognition of complex medical data freeing researchers to work on other areas and accelerating research and help the physician to get an accurate diagnosis in less time. Laboratory informatics techniques can also be integrated into laboratory and pathology report design. Further, increasing the need for laboratory automation and growing demand in biobanks/biorepositories, academic research institutes, and contract research organizations are key driving factors of the market. However, high maintenance and service costs and lack of integration standards might hamper the market growth. Moreover, increasing use of lab informatics solutions in the cannabis industry and the growing popularity of cloud-based laboratory informatics would provide lucrative opportunities for the market in the coming years.

Market Segmentation

The global laboratory informatics market is mainly classified based on type and application. Type is further segmented into Internal Deployment, Cloud Deployment, and Remote Host. By application, the market is divided into Life Science, Chemical, Food, Environmental Laboratory, and Other. Cloud deployment is the fastest-growing segment with a CAGR of 7.6%. A cloud is a viable option for virtually computing workload in the laboratory. The cloud-based laboratory informatics provide services from sample management to secure data storage to complex analytics. The cloud is elastic and efficient, requires no capital expenditures, and enables to focus on lab priorities rather than IT infrastructure.

Regional Analysis

Based on geography, the global laboratory informatics market is divided into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. North America is further divided between the U.S., Canada, and Mexico. Europe consists of the UK, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific. The South America region includes Brazil, Argentina, and the Rest of South America, while the Middle East & Africa is categorized into GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

North America was dominating the global laboratory informatics market in 2019, due to the increasing launch of advanced laboratory informatics by U.S based companies. For instance, Abbott Informatics has introduced Laboratory Informatics solutions including STARLIMS Environmental Science Solution ES 3.1., STARLIMS Life Sciences Solution 11.1, STARLIMS Quality Manufacturing Solution QM 12.0, to help manage complex sample and testing workflows, as well as help drive data safety and integrity throughout the entire lifecycle. They are designed for Pre-clinical, clinical research, biorepository, animal health, molecular, speciality diagnostics and academic research industry.

Competitive landscape

Key players operating in the laboratory informatics industry include Thermo Fisher Scientific, LabVantage Solutions, LabWare, Abbott Informatics, LabLynx, Waters, Agilent Technologies, Autoscribe Informatics, Dassault Systemes, LABWORKS, KineMatik, Accelerated Technology.

The increasing strategic alliance between companies to increase the revenue and increasing development in laboratory informatics is boosting the global laboratory informatics market. For instance, on May 02, 2018, Agilent Technologies Inc. has acquired Genohm, provider of on-premise and cloud-based software solutions for laboratory management. Genohm’s laboratory software automation suite, SLIMS, is a digital platform that provides laboratories with seamless laboratory information management system (LIMS) and electronic lab notebook (ELN) environment that is used in biobanks, research labs and next-gen sequencing facilities. Moreover, on June 1, 2017, Accenture has acquired LabAnswer, a leading U.S. based research and laboratory informatics technology consulting firm. The acquisition has has combined the capabilities and resources acquired through LabAnswer with Accenture’s existing R&D informatics capabilities. Accenture Scientific Informatics Services help’s life sciences companies better manage, capture, integrate and analyze complex research data that can help to identify new and more effective treatments for patients.

Laboratory Informatics Market Key Segments

By Type
• Internal Deployment
• Cloud Deployment
• Remote Host

By Application
• Life Science
• Chemical
• Food
• Environmental Laboratory
• Other

Key Global Laboratory Informatics Industry Players

• Thermo Fisher Scientific
• LabVantage Solutions
• LabWare
• Abbott Informatics
• LabLynx
• Waters
• Agilent Technologies
• Autoscribe Informatics
• Dassault Systemes
• LABWORKS
• KineMatik
• Accelerated Technology

Table of Content

1. Market Introduction
1.1. Executive Summary
1.2. Market Definition
1.3. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Research Methodology
2.3. Assumptions & Exclusions
2.4. Secondary data sources

3. Laboratory Informatics Market Overview
3.1. Report Segmentation & Scope
3.2. Key Market Trend
3.3. Drivers
3.3.1. Increasing Development of Integrated Lab Informatics Solutions
3.3.2. Increasing Need for Laboratory Automation
3.3.3. Growing Demand in Biobanks/Biorepositories, Academic Research Institutes, and Contract Research Organization
3.4. Restraints
3.4.1. High Maintenance and Service Costs
3.4.2. Lack of Integration Standards
3.5. Opportunity
3.5.1. Increasing use of Lab Informatics Solutions in the Cannabis Industry
3.5.2. Growing Popularity of Cloud-Based Laboratory Informatics
3.6. Porter’s Five Forces Analysis
3.6.1. Porter’s Five Forces Analysis
3.7. Market Share Analysis

4. Type Overview
4.1. Introduction
4.1.1. Market Size & Forecast
4.2. Internal Deployment
4.2.1. Market Size & Forecast
4.3. Cloud Deployment
4.3.1. Market Size & Forecast
4.4. Remote Host
4.4.1. Market Size & Forecast

5. Application Overview
5.1. Introduction
5.1.1. Market Size & Forecast
5.2. Life Science
5.2.1. Market Size & Forecast
5.3. Chemical
5.3.1. Market Size & Forecast
5.4. Food
5.4.1. Market Size & Forecast
5.5. Environmental Laboratory
5.5.1. Market Size & Forecast
5.6. Other
5.6.1. Market Size & Forecast

6. Laboratory Informatics Market Regional Overview
6.1. Introduction
6.1.1. Market Size & Forecast
6.2. North America Laboratory Informatics Market
6.2.1. North America Market Size & Forecast, By Country
6.2.2. North America Market Size & Forecast, By Type
6.2.3. North America Market Size & Forecast, By Application
6.2.4. The U.S.
6.2.4.1. Market Size and Forecast
6.2.5. Canada
6.2.5.1. Market Size and Forecast
6.2.6. Mexico
6.2.6.1. Market Size and Forecast
6.3. Europe Laboratory Informatics Market
6.3.1. Europe Market Size & Forecast, By Country
6.3.2. Europe Market Size & Forecast, By Type
6.3.3. Europe Market Size & Forecast, By Application
6.3.4. Germany
6.3.4.1. Market Size and Forecast
6.3.5. France
6.3.5.1. Market Size and Forecast
6.3.6. UK
6.3.6.1. Market Size and Forecast
6.3.7. Italy
6.3.7.1. Market Size and Forecast
6.3.8. Spain
6.3.8.1. Market Size and Forecast
6.3.9. Rest of Europe
6.3.9.1. Market Size and Forecast
6.4. Asia-Pacific Laboratory Informatics Market
6.4.1. Asia-Pacific Market Size & Forecast, By Country
6.4.2. Asia-Pacific Market Size & Forecast, By Type
6.4.3. Asia-Pacific Market Size & Forecast, By Application
6.4.4. Japan
6.4.4.1. Market Size and Forecast
6.4.5. China
6.4.5.1. Market Size and Forecast
6.4.6. Australia
6.4.6.1. Market Size and Forecast
6.4.7. India
6.4.7.1. Market Size and Forecast
6.4.8. South Korea
6.4.8.1. Market Size and Forecast
6.4.9. Rest of Asia-Pacific
6.4.9.1. Market Size and Forecast
6.5. South America Laboratory Informatics Market
6.5.1. South America Market Size & Forecast, By Country
6.5.2. South America Market Size & Forecast, By Type
6.5.3. South America Market Size & Forecast, By Application
6.5.4. Brazil
6.5.4.1. Market Size and Forecast
6.5.5. Argentina
6.5.5.1. Market Size and Forecast
6.5.6. Rest of South America
6.5.6.1. Market Size and Forecast
6.6. Middle East & Africa Laboratory Informatics Market
6.6.1. Middle East & Africa Market Size & Forecast, By Country
6.6.2. Middle East & Africa Market Size & Forecast, By Type
6.6.3. Middle East & Africa Market Size & Forecast, By Application
6.6.4. GCC Countries
6.6.4.1. Market Size and Forecast
6.6.5. Egypt
6.6.5.1. Market Size and Forecast
6.6.6. South Africa
6.6.6.1. Market Size and Forecast
6.6.7. Rest of Middle East & Africa
6.6.7.1. Market Size and Forecast

7. Company Profile
7.1. Thermo Fisher Scientific
7.1.1. Company Basic Information, Manufacturing Base, Sales Area and Its Competitors
7.1.2. Thermo Fisher Scientific Product Category, Application, and Specification
7.1.3. Thermo Fisher Scientific Financial Performance (2016-2018)
7.1.4. Main Business/Business Overview
7.2. LabVantage Solutions
7.3. LabWare
7.4. Abbott Informatics
7.5. LabLynx
7.6. Waters
7.7. Agilent Technologies
7.8. Autoscribe Informatics
7.9. Dassault Systemes
7.10. LABWORKS
7.11. KineMatik