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The global Laboratory Informatics Market Growth Accelerated by Increased Adoption of Automation in Scientific Labs

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naufan
The global Laboratory Informatics Market Growth Accelerated by Increased Adoption of Automation in Scientific Labs

Laboratory informatics provides data management solutions and tools for scientific research applications in various industry verticals such as life sciences, chemicals, food and agriculture, and oil and gas among others. The solutions help manage data and track samples, automate processes, and ensure compliance with regulatory guidelines. Laboratory informatics finds wide usage in scientific laboratories for applications like electronic lab notebooks, laboratory information management systems, scientific data management systems and chromatography data systems.

The global Laboratory Informatics Market is estimated to be valued at US$ 3548.93 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increased adoption of automation and connectivity solutions in scientific laboratories is one of the major trends driving the growth of the laboratory informatics market. Automated systems help improve workflow efficiency, reduce errors and ensure compliance. They also help increase productivity and optimize resource utilization. With growing focus on data-driven research, life sciences and healthcare organizations are increasingly automating routine tasks to free up scientists to work on more complex problems. This is accelerating the demand for integrated laboratory informatics solutions that can seamlessly connect instruments, software and cloud-based platforms for advanced analytics.

Segment Analysis

The global laboratory informatics market is segmented by components, product type, deployment model, end-user, and geography. The component segment of the market is further divided into services and software. The services sub-segment dominates the component segment as it helps manage and maintain the software solutions being used in laboratories. The software sub-segment is also growing due to rising demand for laboratory information management systems (LIMS) across various end-users.

Key Takeaways

The Global Laboratory Informatics Market Size is expected to witness high growth over the forecast period. The global Laboratory Informatics Market is estimated to be valued at US$ 3548.93 Mn in 2023 and is expected to exhibit a CAGR of 11% over the forecast period 2023 to 2030.


Regional analysis related content comprises

The Asia Pacific region is emerging as a lucrative market for laboratory informatics solutions. Countries like China, Japan, and India are witnessing significant growth in their respective life sciences sectors. This is augmenting the demand for laboratory informatics solutions across various end-users. Furthermore, initiatives by governments to modernize healthcare infrastructure and improve patient care services are boosting market growth. Rising healthcare expenditure is another factor propelling the APAC laboratory informatics market forward.

Key players related content comprises

Key players operating in the laboratory informatics market are GE, LabVantage Solutions Inc., Thermo Fisher Scientific, Inc., LabWare, LabLynx, Inc., Autoscribe Informatics (A Wholly Owned Subsidiary of LabWare), AgileBio LLC, Waters Corporation, Dassault Systèmes, and Abbott.

GE and Thermo Fisher Scientific are the leading players due to their robust product portfolios and global presence. The market is highly competitive with the presence of other prominent players as well, focusing on new product launches and strategic alliances to gain market share. Continuous technological advancements are expected to intensify competition in the coming years.


Get more insights on this topic:

https://www.dailyprbulletin.com/laboratory-informatics-market-size-analysis/

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