Lab Computing Market Expected to See Vigorous Expansion by 2028

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The global laboratory informatics market is expected to grow from its initial estimated value of USD 3.26 billion to an estimated value of USD 5.52 billion by 2026, registering a CAGR of 6.8% during the forecast period 2019-2026. This rise in market value can be attributed to the development of integrated laboratory computing.

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Main market competitors:

Few major competitors currently working in the laboratory informatics market are Thermo Fisher Scientific, Inc., LabWare, LabVantage Solutions, Inc., Abbott Laboratories., Waters, Agilent Technologies, Inc., IDBS, PerkinElmer Inc., Autoscribe Informatics , Arxspan LLC, Dassault Systèmes, RURO Inc., Kinematik, LabLynx, Inc. and LABWORKS, Cerner Corporation, McKesson Corporation (USA), Thermo Fisher Scientific Inc. (USA), Scientific Repair (USA) and Bargal Analytical Instruments (Israel).

Competitive analysis:

The global laboratory informatics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laboratory informatics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Market global laboratory informatics

Laboratory informatics is the application of information related to a platform of instruments, software, and data management tools that capture, process, and interpret scientific data for immediate use , as well as store, manage and share them to support future research. and development.

Increasing adoption of laboratory information management systems (LIMS) helps hospital laboratories reduce the incidence of misdiagnosis and manage high volumes of data. The adoption of laboratory informatics in the United States. This expected significant change acts as a driver for the growth of the market.

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Market factors

  • There is a growing need for laboratory automation, which works as a market driver.
  • There is an increase in demand from biobanks/biorepositories and academic research institutes, which works as a market driver.

Market constraints

  • The lack of integration standards is expected to restrain the growth of the market.
  • There is a lack of trained professionals in laboratory information which is expected to restrain the growth of the market.

Segmentation: Global Laboratory Informatics Market

  • By product type
    • Laboratory Information Management Systems (LIMS)
    • Electronic Lab Notebooks (ELN)
    • Scientific Data Management Systems (SDMS)
    • Lab Execution Systems (LES)
    • Clinical Data Management Systems (CDMS)
    • Chromatographic Data Systems (CDS)
  • Per deployment
    • On the site
    • Cloud-based
    • Hosted remotely
  • By component
    • Software
    • Services
  • By industry
    • Life sciences
      • Pharmaceutical
      • Biotechnology
      • Biobank
      • Contract Service Organizations (CRO)
    • Petrochemical
    • Chemical products
    • Food and drinks
    • Environmental tests
    • Forensic medecine

Key Market Developments:

  • In December 2018, Thermo Fisher Scientific Inc. announced that Thermo Fisher’s had acquired Gatan, Inc. as a wholly owned subsidiary of Roper. Both parties continue to work collaboratively with CMA throughout the review process
  • In October 2018, Abbott Informatics announced the launch of the STARLIMS solution serving the life sciences industry. Abbott Informatics (AI) provides industry-leading Laboratory Information Management Systems (LIMS) solutions that have served customers worldwide for over 30 years. This will expand Abbott’s portfolio.

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Reasons to buy this report

  • Current and future prospects of the global laboratory informatics market in both developed and emerging markets
  • The segment that is expected to dominate the market as well as the segment that holds the highest CAGR during the forecast period
  • Regions/countries expected to experience the fastest growth rates during the forecast period
  • The latest developments, market shares and strategies employed by major market players

Report customization:

  • All segmentations provided above in this report are represented at country level
  • All market covered products, product volume and average selling prices will be included as customizable options which may incur little or no additional cost (depending on customization)

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Lab Computing Market Expected to See Vigorous Expansion by 2028

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