The laboratory informatics market was valued at USD 2945.23 Mn in 2020 growing at a CAGR of 10% from 2021 to 2029. Laboratory informatics is the specialized application of information technology to enable and improve scientific processes and laboratory information delivery. It is an essential component of today’s laboratory operations, assisting in the production of high-quality, dependable data and results. Data acquisition, lab automation, instrument interfacing, laboratory networking, data processing, specialized data management systems, laboratory information management systems, scientific data management, and knowledge management are all examples of laboratory informatics. Laboratory informatics is one of the fastest growing areas of laboratory-related technology, rising alongside the tide of informatics in general. The commoditization of software, the integration of laboratory instrumentation and data systems, and the convergence of automation and information technologies are driving the growth of laboratory informatics market.
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Automation is critical in modern drug discovery, enabling improvements in efficiency, standardization, reproducibility, and data integrity. Physical automation and a unified digital infrastructure are essential components of an effective automated laboratory. Digital infrastructure enables data to be collected and stored in a single data lake, allowing artificial intelligence systems to perform machine and deep learning. Laboratory automation tools are becoming increasingly important to scientific operations as a means of analyzing more samples in less time. Participants in the laboratory informatics market are launching new products and undertaking strategic initiatives to expand their customer base, which is expected to drive the market growth over the forecast period. For instance, Roche announced the release of the cobas 5800 System, a new molecular laboratory instrument, in countries that accept the CE mark in November 2021. The cobas 5800 System assists laboratories in addressing challenges such as increased patient testing, reimbursement complexities, and the need for a more diverse testing menu while providing significant and timely results. The system is designed to offer an automated workflow, wherein the final result calculation, post all the necessary processes of the sample data, is directly transferred to the laboratory informatics systems of the organization.
Extensive information on the following pointers will be covered in the 420+ Pages Research study:
- Global Market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments; wherein 2015 to 2019 has been considered as historic years, 2020 as the base year, while 2021 to 2029 has been considered as the forecast period.
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Challenges)
- Business and Technological Trends
- Regulatory Landscape
- Impact of Covid-19 on Global Laboratory Informatics Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Competitive Analysis
- Global Presence and Growth Strategies
- Brand & Product Benchmarking
- Market Share Analysis, 2020
- Detailed profiles of major market participants operating in the market, encompassing information on company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
- Region specific reports focusing on North America, Europe, Asia Pacific, Middle East & Africa and Latin America are also available
- We have reports available in different languages including Arabic, Spanish, Chinese, Japanese, German, Russian, French, Korean and other languages.
Some of the key players operating in the Global Laboratory Informatics Market are:
- Abbott Informatics Corporation
- Agaram Technologies Pvt Ltd
- Agilent Technologies
- Autoscribe Informatics
- BioData Inc.
- Dassault Systèmes
- Infosys Limited
- Lab Informatics
- LabLynx, Inc.
- LabVantage Solutions Inc.
- LabWare
- Labworks
- Perkin Elmer
- Thermo Fisher Scientific
- WATERS
- Other Market Participants
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