“Laboratory Informatics Global Market Report 2022” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global laboratory informatics market.
This report focuses on laboratory informatics market which is experiencing strong growth. The report gives a guide to the laboratory informatics market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
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Where is the largest and fastest growing market for the laboratory informatics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Laboratory Informatics market global report” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider laboratory informatics market, and compares it with other markets.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
- Market segmentations break down market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
- The laboratory informatics market section of the report gives context. It compares the laboratory informatics market with other segments of the laboratory informatics market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, laboratory informatics indicators comparison.
Scope
Markets Covered:
- 1) By Type: Laboratory Information Management Systems (LIMS); Electronic Lab Notebooks (ELN); Chromatography Data Systems (CDS); Electronic Data Capture (EDC) & 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 & Beverage and Agriculture Industry; Petrochemical Refineries and Oil & Gas Industry; Environmental Testing Laboratories; Other Industries
- Companies Mentioned: Thermo Fisher Scientific Inc.; LabVantage Solutions, Inc.; LabWare; Abbott Informatics; LabLynx, Inc.
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Executive Summary
Major players in the laboratory informatics market are: Thermo Fisher Scientific Inc., LabVantage Solutions Inc, LabWare, Abbott Informatics, LabLynx Inc., Waters Corporation, Autoscribe Informatics, LABWORKS LLC, Cerner Corporation, McKesson Corporation, IDBS, Arxspan LLC, Kinematik, RURO Inc, and Accelerated Technology Laboratories.
The global laboratory informatics market is expected to grow from $3.14 billion in 2021 to $3.48 billion in 2022 at a compound annual growth rate (CAGR) of 8.53%. The laboratory informatics market is expected to grow to $4.67 billion in 2026 at a CAGR of 7.66%.
The laboratory informatics market consists of sales of laboratory informatics products and services by entities (organizations, sole traders, partnerships) which refers to software products that are used for instrument control, scientific data management, scientific search, network integration, and compliance management to streamline analytical laboratory operations. The laboratory informatics solutions reduce operational costs, accelerate decision making, improve laboratory processes and others.
The main types of laboratory informatics are laboratory information management systems (LIMS), electronic lab notebooks (ELN), chromatography data systems (CDS), electronic data capture (EDC) & clinical data management systems (CDMS), laboratory execution systems (LES), enterprise content management (ECM), scientific data management systems (SDMS). A LIMS (Laboratory Information Management System) is software that helps you to handle samples and data efficiently. Your lab can automate workflows, integrate equipment, and manage samples and associated data with the help of a LIMS. The components of laboratory informatics are services and software which are deployed on-premise, cloud-based, or remotely hosted. The various industries that use laboratory informatics are life sciences industry, chemicals industry, food & beverage and agriculture industry, petrochemical refineries and oil & gas industry, environmental testing laboratories, other industries.
North America was the largest region in the laboratory informatics market in 2021. 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 and Africa.
The increasing need for laboratory automation is expected to propel the growth of the laboratory informatics market during the forecast period. The frequent occurrence of human errors in laboratory operations led laboratory organizations to shift towards automated solutions. For instance, according to a study published by AZoLifeSciences, 30-86% of pre-analytical in laboratories are associated with human error. Laboratory automation is a process, which utilizes automated laboratory instruments, and advanced analytical software to deliver precise, accurate results at a large scale. It provides improved accuracy and reliability of the data by lowering overall costs associated with manual operations. Therefore, the rising demand for laboratory automation is expected to drive the laboratory informatics market during the forecast period.
Technological advancements are key trends gaining popularity in the laboratory informatics market. The companies operating in the laboratory informatics market are increasingly investing in the development of new technologically advanced software suites to meet the specific operational demands from laboratory customers across the globe. For instance, in February 2022, Biosero, Inc., a US-based laboratory automation company, launched the Green Button Go® software suite which includes automated workflows ranging from a single workstation to operations that span multiple labs. This infusion has a variety of applications such as controlling and scheduling multiple instruments and devices in the lab from a single interface. The technology uses automation by running various algorithms and codes to store and give the results.
In August 2019, Merck, a Europe-based science and technology company that provides energy services acquired BSSN Software for an undisclosed amount. With this acquisition, Merck is to build on the strength of its existing commercial growth in the lab data management technology supporting its customers' digital transformation in lab informatics. BSSN Software develops and provides services for laboratory informatics-based in the USA.
The countries covered in the laboratory informatics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Table of Contents
1. Executive Summary
2. Laboratory Informatics Market Characteristics
3. Laboratory Informatics Market Trends And Strategies
4. Impact Of COVID-19 On Laboratory Informatics
5. Laboratory Informatics Market Size And Growth
- 5.1. Global Laboratory Informatics Historic Market, 2016-2021, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Laboratory Informatics Forecast Market, 2021-2026F, 2031F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Laboratory Informatics Market Segmentation
- 6.1. Global Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Laboratory Information Management Systems (LIMS)
- Electronic Lab Notebooks (ELN)
- Chromatography Data Systems (CDS)
- Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
- Laboratory Execution Systems (LES)
- Enterprise Content Management (ECM)
- Scientific Data Management Systems (SDMS)
- 6.2. Global Laboratory Informatics Market, Segmentation By Component, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Services
- Software
- 6.3. Global Laboratory Informatics Market, Segmentation By Deployment Model, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- On-premise
- Cloud-based
- Remotely Hosted
- 6.4. Global Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Life Sciences Industry
- Chemicals Industry
- Food & Beverage and Agriculture Industry
- Petrochemical Refineries and Oil & Gas Industry
- Environmental Testing Laboratories
- Other Industries
7. Laboratory Informatics Market Regional And Country Analysis
- 7.1. Global Laboratory Informatics Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 7.2. Global Laboratory Informatics Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific Laboratory Informatics Market
- 8.1. Asia-Pacific Laboratory Informatics Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 8.3. Asia-Pacific Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China Laboratory Informatics Market
- 9.1. China Laboratory Informatics Market Overview
- 9.2. China Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
- 9.3. China Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India Laboratory Informatics Market
- 10.1. India Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 10.2. India Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan Laboratory Informatics Market
- 11.1. Japan Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 11.2. Japan Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia Laboratory Informatics Market
- 12.1. Australia Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 12.2. Australia Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia Laboratory Informatics Market
- 13.1. Indonesia Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 13.2. Indonesia Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea Laboratory Informatics Market
- 14.1. South Korea Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 14.2. South Korea Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe Laboratory Informatics Market
- 15.1. Western Europe Laboratory Informatics Market Overview
- 15.2. Western Europe Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 15.3. Western Europe Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK Laboratory Informatics Market
- 16.1. UK Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 16.2. UK Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany Laboratory Informatics Market
- 17.1. Germany Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 17.2. Germany Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France Laboratory Informatics Market
- 18.4. France Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 18.5. France Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe Laboratory Informatics Market
- 19.1. Eastern Europe Laboratory Informatics Market Overview
- 19.2. Eastern Europe Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 19.3. Eastern Europe Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia Laboratory Informatics Market
- 20.1. Russia Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 20.2. Russia Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America Laboratory Informatics Market
- 21.1. North America Laboratory Informatics Market Overview
- 21.2. North America Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 21.3. North America Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA Laboratory Informatics Market
- 22.1. USA Laboratory Informatics Market Overview
- 22.2. USA Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 22.3. USA Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America Laboratory Informatics Market
- 23.1. South America Laboratory Informatics Market Overview
- 23.2. South America Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 23.3. South America Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil Laboratory Informatics Market
- 24.1. Brazil Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 24.2. Brazil Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East Laboratory Informatics Market
- 25.1. Middle East Laboratory Informatics Market Overview
- 25.2. Middle East Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 25.3. Middle East Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa Laboratory Informatics Market
- 26.1. Africa Laboratory Informatics Market Overview
- 26.2. Africa Laboratory Informatics Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- 26.3. Africa Laboratory Informatics Market, Segmentation By Industry, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. Laboratory Informatics Market Competitive Landscape And Company Profiles
- 27.1. Laboratory Informatics Market Competitive Landscape
- 27.2. Laboratory Informatics Market Company Profiles
- 27.2.1. Thermo Fisher Scientific Inc.
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. LabVantage Solutions Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. LabWare
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Abbott Informatics
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. LabLynx Inc.
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Laboratory Informatics Market
29. Laboratory Informatics Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Research Inquiries
- 30.4. The Business Research Company
- 30.5. Copyright And Disclaimer