Press Release

Laboratory Informatics Market worth 7.4% CAGR by 2026

May, 2021

" COVID-19 Impact on Laboratory Informatics market, size, share, growth, industry analysis, and forecast 2020-2026 "

Laboratory informatics is a term that includes the usage of different types of technology tools for data collection and analysis in a laboratory. This consists of programs that use data analysis for present research and store data that can be utilized in the future.

A major change in patients' preference towards customized medicine, cancer genomics studies, and rising patient engagement needs are projected to increase lab automation systems' demand. Laboratories are essential for both manufacturing and research organizations among the life sciences and medical research industries. The main aim of a laboratory is to ensure high-quality and dependable experiment data that comply with the industry's regulatory guidelines.

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The laboratory information systems achieve fame in biorepositories, academic research institutes, and contract research organizations (CROs) due to the laboratory informatics benefits. The rising pressure from regulatory bodies to adopt lab automation systems is projected to favor this market with lucrative growth opportunities. Moreover, the emergence of cloud-based services through the internet has resulted in various benefits for laboratory informatics. The significant possibility of growth in developing countries and laboratory informatics solutions in the cannabis industry are few other factors generating opportunities for market growth.

The Laboratory Informatics Market research report titled “Laboratory Informatics Market by Product, Delivery Mode, Component, End-Use, and Geography–Global Forecast up to 2026.

The top-notch competitors competing in the laboratory informatics market are Labvantage Solutions, Inc., Thermo Fisher Scientific Inc., Accelerated Technology Laboratories, Lablynx, Inc., and Agilent Technologies, Inc.

North America has a significant position in the market due to the increasing demand for quality diagnosis, a requirement for improvement in the efficiency of laboratories, reducing errors, and rising integration of laboratories with information systems that accentuate market growth in this region.

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The report consists of 122 Tables and 90 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.

Laboratory Informatics Market by Product

  • 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)

Laboratory Informatics Market by Delivery Mode

  • On-premise
  • Web-hosted 
  • Cloud-based

Laboratory Informatics Market by Component

  • Software
  • Services

Laboratory Informatics Market by End-use

  • Life Sciences
  • CROs
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Petrochemical Refineries & Oil and Gas Industry
  • Other Industries

Laboratory Informatics Market by Geography

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Mr. Karthick Subramani

Infoholic Research LLP

Marketing & Communication