Laboratory Informatics Market

Laboratory informatics is the specialized application of information technology to enable and enhance scientific processes and the delivery of laboratory information. It is an application of information technology aimed at optimizing and extending laboratory operations. It is a critical part of the laboratory, which help ensure high quality and reliable data and results. Laboratory informatics is a term that covers the use of a variety of technology tools for data collection and analysis in a laboratory setting. One of the most common reasons for deploying a laboratory informatics solutions is its ability to integrate with lab instruments and enterprise systems for better data management and efficiency.

Market Dynamics:

Increase in use of laboratory informatics solutions, due to the increasing number of diagnoses across the globe, is expected to boost growth of the global laboratory informatics market during the forecast period. For instance, the increasing prevalence of chronic diseases, such as cancer, diabetes, and heart diseases, is creating a need for high throughput diagnostic procedures for the analysis of biological data obtained from tests that require lab informatics solutions.

According to the World Health Organization (WHO), Cancer was one of the leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. The most common cancers are breast, lung, colon and rectum and prostate cancers. Moreover, according to the American Cancer Society, in 2022, there will be around 1.9 million new cancer cases diagnosed and 609,360 cancer deaths in the United States.

Key features of the study:

• This report provides in-depth analysis of the global laboratory informatics market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022–2028), considering 2021 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global laboratory informatics market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Waters Corporation, PerkinElmer Inc., LabWare Inc., LabVantage Solutions Inc., LabLynx Inc., Thermo Fisher Scientific Inc., Mckesson Corporation, Cerner Corporation, Agilent Technologies, and Abbott Laboratories (Abbott Informatics Corporation), among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global laboratory informatics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global laboratory informatics market.

Detailed Segmentation:

• Global Laboratory Informatics Market, By Product:
• • Laboratory Information Management System (LIMS)
  • Electronic Lab Notebook (ELN)
  • Enterprise Content Management (ECM)
  • Laboratory Execution System (LES)
  • Chromatography Data System (CDS)
  • Scientific Data Management System (SDMS)
  • Electronic Data Capture (EDC) and Clinical Data Management Systems (CDMS)
• Global Laboratory Informatics Market, By Component:
• • Services
  • Software
• Global Laboratory Informatics Market, By Delivery Mode:
• • On-premise
  • Web-hosted
  • Cloud-based
• Global Laboratory Informatics Market, By Geography:
• • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa