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Laboratory Informatics Market

Laboratory Informatics Market Size, Share & Segment By Product Type (LIMS, SDMS, ELN, ECM, CDS, LES, EDC & CDMS), By Delivery Type (Web-hosted, On-premise, Cloud-based), By Component Type (Services, Software), By End-use Type (Life Sciences (Pharmaceutical and Biotechnology Companies, Contract Services Organizations, Biobanks/Biorepositories, Academic Research Institutes, Molecular Diagnostics & Clinical Research Laboratories), CROs, Chemical Industry, Environmental Testing Labs, F&B and Agriculture, Petrochemical Refineries & Oil and Gas Industry, Other Industries), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/HC/1775 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

The Laboratory Informatics Market Size was esteemed at USD 3.15 billion 2021, and expected to arrive at USD 4.43 billion by 2028, and develop at a CAGR of 5% over the conjecture period 2022-2028. Laboratory informatics is a specialised use of IT that uses a platform of devices, software, and data management tools to optimize laboratory operations. Scientific data can be gathered, transferred, processed, and evaluated for rapid use with the help of laboratory informatics. This information can also be saved, maintained, and shared in order to aid future research and development. The application of laboratory informatics increases the effectiveness of laboratory operations.

Laboratory Informatics Market

MARKET DYNAMICS

DRIVERS

  • The interest for lab computerization is developing.

  • Coordinated lab informatics arrangements are being created.

  • Regulatory standards are strict.

  • Pharmaceutical and biotechnology companies are increasing their R&D spending.

RESTRAINTS 

  • Maintenance and servicing expenditures are high.

  • The difficulties of interoperability

  • Absence of reconciliation principles for LIMS

OPPORTUNITIES

  • Cloud-based laboratory informatics is becoming increasingly prevalent.

  • Arising economies have a great deal of space for extension.

  • The cannabis sector employs lab informatics systems.

CHALLENGES

  • Scarcity of qualified professionals

  • Using a variety of laboratory instruments

IMPACT OF COVID-19

To tackle the pandemic, pharma and biotech businesses, researchers, diagnostic labs, and testing facilities working on COVID-19 research have adopted innovative technologies and solutions that go beyond standard avenues to enhance workflows. COVID-19 research laboratories or testing centers must handle a number of steps (such as test management, inventory control, sample handling, and shipment and packaging). Furthermore, research labs working on COVID-19 treatments or vaccinations require an end-to-end solution to increase the quality, efficiency, and speed of the vaccine production process. This is projected to expand the use of laboratory information solutions, which improve research and testing activities as well as laboratory operations and data administration. Some businesses in the market are working on developing LIMS solutions dedicated to COVID-19 testing in order to improve the efficiency and speed of COVID-19 examination.

By Product Type

The Laboratory Information Management Systems (LIMS) sector led the market, accounting for about half of all sales. Master data management, sample lifecycle reporting, stability studies, system and security management, timetables, inventories, instruments, logistics, storage capacity and analytical workflow are all examples of these systems. In the next years, demand for fully integrated services in the life sciences and research industries is predicted to boost market expansion by reducing data management errors and improving qualitative analysis of research data. The LIMS portion is probably going to keep up with its situation because of these elements all through the projection period. Furthermore, due to rising usage by researchers in analytical chemistry labs, the superior Electronic Lab Notebooks (ELN) system segment is expected to rise significantly throughout the projection period.

By Delivery Type

The cloud-based category dominated the market in 2021, and is likely to continue to do so throughout the forecast period. Cloud-based innovation considers the far-off capacity of enormous volumes of information, opening up space on gadgets and working with information recovery as indicated by client necessities. Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS) are the three services included in the technology (SaaS). SaaS-based services are provided for the cloud-based analytics software. Watson Analytic services are available as a SaaS offering from IBM.

By Component Type

The services sector dominated the market in 2021, and is expected to continue to do so throughout the forecast period. The expansion of the market is being aided by an increase in the outsourcing of LIMS solutions. Large pharmaceutical research labs outsource these services because they lack the resources and aptitude required for analytics adoption.

Laboratory informatics services are offered by CROs in packages that include promotional expenditure compliance, social media analytics, preventive maintenance, manufacturing process, predictive analytics for medical device failure, and benchmarking solutions. In the next years, rising user knowledge of the benefits associated of these solutions is projected to increase their demand.

By End-use Type

The best income share came from the existence science organizations section. Molecular diagnostic, Biobanks, and clinical research laboratories, contract service organisations, pharmaceutical and biotechnology firms, and university research institutes all fall under this category. In order to produce innovative products and increase product quality and operational efficiency, the life sciences industry is growing its demand for laboratory informatics. The demand for more virtual and electronic laboratories is growing to meet these needs. Laboratory informatics solutions enable effective data management and the dismantling of research and discovery silos. The demand for LIMS is expected to be fueled by rising technical improvements in the healthcare sector as a result of increased R&D in the field of medicine. The classification is anticipated to create because of developing utilization of LIMS in clinics and exploration labs because of its growing application regions for patient commitment, work process the board, patient wellbeing data following, charging, and quality affirmation.

COMPETITIVE LANDSCAPE

Some of the major key players of Laboratory Informatics market are as follows: Abbott Informatics, Agilent Technologies, Thermo Fisher Scientific, Inc., Core Informatics, ID Business Solutions Ltd., LabWare, LabVantage Solutions, Inc., LabLynx, Inc., McKesson Corporation, Waters Corporation, PerkinElmer Inc, and other players.

MARKET SEGMENTATION

By Product Type

  • Laboratory Information Management Systems (LIMS)

  • Scientific Data Management Systems (SDMS)

  • Electronic Lab Notebooks (ELN)

  • Enterprise Content Management (ECM)

  • Chromatography Data Systems (CDS)

  • Laboratory Execution Systems (LES)

  • Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)

By Delivery Type

  • On-premise

  • Cloud-based

By Component Type

  • Services

  • Software

By End-use Type

  • Life Sciences

    • Pharmaceutical and Biotechnology Companies

    • Contract Services Organizations

    • Biobanks/Biorepositories

    • Academic Research Institutes

    • Molecular Diagnostics & Clinical Research Laboratories

  • CROs

  • Chemical Industry

  • Environmental Testing Labs

  • F&B and Agriculture

  • Petrochemical Refineries & Oil and Gas Industry

  • Other Industries

Laboratory Informatics Market

REGIONAL ANALYSIS

North America dominated the market, followed by Europe. The strong economies of the United States and Canada have allowed for major investments in new technologies, growth in biobanks, simple availability of lab informatics goods and services, and severe regulatory requirements across industries, resulting in North America's market domination.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Laboratory Informatics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.15 Billion
Market Size by 2028 US$ 4.43 Billion
CAGR CAGR of 5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (LIMS, SDMS, ELN, ECM, CDS, LES, EDC & CDMS)
• By Delivery Type (Web-hosted, On-premise, Cloud-based)
• By Component Type (Services, Software)
• By End-use Type (Life Sciences (Pharmaceutical and Biotechnology Companies, Contract Services Organizations, Biobanks/Biorepositories, Academic Research Institutes, Molecular Diagnostics & Clinical Research Laboratories), CROs, Chemical Industry, Environmental Testing Labs, F&B and Agriculture, Petrochemical Refineries & Oil and Gas Industry, Other Industries)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Abbott Informatics, Agilent Technologies, Thermo Fisher Scientific, Inc., Core Informatics, ID Business Solutions Ltd., LabWare, LabVantage Solutions, Inc., LabLynx, Inc., McKesson Corporation, Waters Corporation, PerkinElmer Inc, and other players.
DRIVERS • The interest for lab computerization is developing.
• Coordinated lab informatics arrangements are being created.
• Regulatory standards are strict.
RESTRAINTS • Maintenance and servicing expenditures are high.
• The difficulties of interoperability
• Absence of reconciliation principles for LIMS


Frequently Asked Questions (FAQ) :

Arising economies have a great deal of space for extension, the cannabis sector employs lab informatics systems. are the opportunities of Laboratory Informatics market.

Coordinated lab informatics arrangements are being created, Regulatory standards are strict, are the drivers of Laboratory Informatics market.

North America dominated the market, followed by Europe.

The Laboratory Information Management Systems (LIMS) sector led the market, accounting for about half of all sales.

Laboratory Informatics Market Size was esteemed at USD 3.15 billion 2021.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine ware

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Laboratory Informatics Market Segmentation, By Product Type

8.1 Laboratory Information Management Systems (LIMS)

8.2 Scientific Data Management Systems (SDMS)

8.3 Electronic Lab Notebooks (ELN)

8.4 Enterprise Content Management (ECM)

8.5 Chromatography Data Systems (CDS)

8.6 Laboratory Execution Systems (LES)

8.7 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)

 

9. Laboratory Informatics Market Segmentation, By Delivery Type

9.1 Web-hosted

9.2 On-premise

9.3 Cloud-based

 

10. Laboratory Informatics Market Segmentation, By Component Type

10.1 Services

10.2 Software

 

11. Laboratory Informatics Market Segmentation, By End-use Type

11.1 Life Sciences

11.1.1 Pharmaceutical and Biotechnology Companies

11.1.2 Contract Services Organizations

11.1.3 Biobanks/Biorepositories

11.1.4 Academic Research Institutes

11.1.5 Molecular Diagnostics & Clinical Research Laboratories

11.2 CROs

11.3 Chemical Industry

11.4 Environmental Testing Labs

11.5 F&B and Agriculture

11.6 Petrochemical Refineries & Oil and Gas Industry

11.7 Other Industries

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13 Company Profiles

13.1 Abbott Informatics

            13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 Agilent Technologies

13.3 Core Informatics

13.4 ID Business Solutions Ltd.

13.5 LabWare

13.6 LabVantage Solutions, Inc.

13.7 LabLynx, Inc.

13.8 McKesson Corporation

13.9 PerkinElmer, Inc.

13.10 Thermo Fisher Scientific, Inc.

13.11 Waters Corporation

 

14 Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15 Conclusion

 

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

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