The Global Laboratory Informatics Market size is expected to reach $4.1 billion by 2025, rising at a market growth of 6.4% CAGR during the forecast period. Laboratory computing and informatics are used progressively in various healthcare applications. Several changes have been made to enhance the sophistication of healthcare systems. The demand for healthcare laboratory informatics is undergoing significant changes and development to manage huge amounts of patient data and improve health outcomes. Due to increased spending on healthcare services, the healthcare laboratory informatics market is projected to exhibit rapid growth in developing countries.
The increased burden of chronic conditions along with increasing healthcare infrastructure around the globe would lead to higher acceptance of the laboratory informatics solution in the healthcare industry. The market is dominated by a few of the larger companies involved in developing advanced healthcare laboratory information technology to generate higher revenues. The healthcare laboratory informatics industry is expected to offer high growth opportunities in the near future, with advances in existing technologies.
Due to the increased workload, cost constraints and technological advances, the nature of the pathology is rapidly shifting, depending on market needs. New laboratory systems are produced using the best technologies to mitigate the current global demand. New approaches to handling laboratory knowledge are required now to meet the evolving healthcare system requirements.
Based on Component, the market is segmented into Software and Services. Based on End Use, the market is segmented into Life Sciences, CROs, Chemical Sector, Food & Beverage and Agriculture Sector, Environmental Testing Laboratories, Petrochemical Sector and Other Sectors. Based on Product, the market is segmented into LIMS, ELN, ECM, CDS, SDMS, LES and EDC & CDMS. Based on Delivery Mode, the market is segmented into Cloud-based, Web-hosted and On-Premise. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The major strategies followed by the market participants are Product Launches and Acquisitions. Based on the Analysis presented in the Cardinal matrix, Abbott Laboratories, Thermo Fisher Scientific, Inc., Agilent Technologies, Inc., and Waters Corporation are some of the forerunners in the Laboratory Informatics Market. Companies such as McKesson Corporation, Autoscribe Informatics, Inc., and PerkinElmer, Inc. are some of the key innovators in Laboratory Informatics Market.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc. (TCG Lifesciences), LabWare, Inc., Abbott Laboratories (Abbott Informatics Corporation), LabLynx, Inc., Agilent Technologies, Inc., Waters Corporation, PerkinElmer, Inc., Autoscribe Informatics, Inc., and McKesson Corporation.
- Software and
By End Use
- Life Sciences
- Chemical Sector
- Food & Beverage and Agriculture Sector
- Environmental Testing Laboratories
- Petrochemical Sector and
- Other Sectors
- LIMS (Laboratory Information Management Systems)
- ELN (Electronic Lab Notebooks)
- ECM (Enterprise Content Management)
- CDS (Chromatography Data Systems)
- SDMS (Scientific Data Management Systems)
- LES and (Laboratory Execution Systems)
- EDC (Electronic Data Capture) & CDMS (Clinical Data Management Systems)
By Delivery Mode
- Web-hosted and
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Saudi Arabia
- South Africa
- Rest of LAMEA
- Thermo Fisher Scientific, Inc.
- LabVantage Solutions, Inc. (TCG Lifesciences)
- LabWare, Inc.
- Abbott Laboratories (Abbott Informatics Corporation)
- LabLynx, Inc.
- Agilent Technologies, Inc.
- Waters Corporation
- PerkinElmer, Inc.
- Autoscribe Informatics, Inc.
- McKesson Corporation