Laboratory Informatics Market Size, Trends and Forecast to 2032

Market Research Report

A quick peek into the report

1.1   Product Definition
1.1.1   Inclusion and Exclusion Criteria
1.2   Market Scope
1.2.1   Scope of the Study
1.2.2   Key Questions Answered in the Report
1.3   Research Methodology
1.3.1   Global Laboratory Informatics Market: Research Methodology
1.3.2   Data Sources
1.3.2.1   Primary Data Sources
1.3.2.2   Secondary Data Sources
1.3.3   Market Estimation Model
1.3.4   Criteria for Company Profiling
1.4   Market Overview
1.4.1   Market Definition
1.4.2   Market Footprint and Growth Potential
1.4.3   Future Potential
1.4.4   Penetration and Growth Prospect Mapping
1.4.5   Workflow Analysis
1.4.6   Technology Overview
1.4.7   COVID-19 Impact on Global Laboratory Informatics Market
1.4.7.1   Using Artificial Intelligence (AI) to Fight COVID-19
1.4.7.2   COVID-19 Impact on Viral Testing
1.4.7.3   Need for Maintaining Interoperability to Fight COVID-19

2.1   Legal Requirements
2.1.1   Overview
2.1.2   Legal Requirements and Framework in the U.S.
2.1.3   Legal Requirements and Framework in Europe
2.2   Patent Analysis
2.2.1   Patent Filing Trend
2.2.2   Patent Analysis (by Year)
2.2.3   Patent Analysis (by Country)
2.2.4   Patent Analysis (by Region)
2.3   Global Laboratory Informatics Market: Stakeholder Analysis (N=30)
2.3.1   Laboratory Perception
2.3.2   Factors Increasing the Adoption of Laboratory Informatics
2.3.3   Challenges and Unmet Needs
2.3.4   Cloud-Based, On-Premises, or Remotely Hosted
2.3.5   Average Cost
2.3.6   Investor’s Perception

3.1   Overview
3.1.1   Market Drivers
3.1.1.1   Reduced Human Error and Increased Efficiency
3.1.1.2   Time Savings and Increased Revenue
3.1.1.3   Increasing Implementation of Laboratory Informatics in All Industries
3.1.2   Market Challenges
3.1.2.1   Slow Speed of Implementation
3.1.2.2   Trained Professionals Needed
3.1.2.3   Data Migration Highly Error-Prone and Time Consuming
3.1.3   Market Opportunities
3.1.3.1   Usage of AI and ML
3.1.3.2   Decreasing Cost Due to Increasing Use of Cloud-Based Systems
3.1.3.3   Platforms Instead of Standalone Software

4.1   Overview
4.2   Corporate Strategies
4.2.1   Mergers and Acquisitions
4.2.2   Synergistic Activities
4.2.3   Business Expansion and Funding
4.3   Business Strategies
4.3.1   Product Launches/Upgradation
4.4   Supply Chain Analysis
4.4.1   Key Entities in Supply Chain
4.5   Market Share Analysis (by Company)
4.6   Growth Share Analysis
4.6.1   Growth Share Analysis (by Type)
4.6.2   Growth Share Analysis (by End User)

5.1   Overview
5.2   Laboratory Information Management Systems (LIMS)
5.3   Electronic Lab Notebooks (ELN)
5.4   Chromatography Data Systems (CDS)
5.5   Electronic Data Capture (EDC)
5.6   Clinical Data Management Systems (CDMS)
5.7   Laboratory Execution Systems (LES)
5.8   Enterprise Content Management (ECM)
5.9   Scientific Data Management Systems (SDMS)
5.10 Quality Management Systems (QMS)

6.1   Overview
6.2   Standalone
6.3   Platform
6.4   Other Offerings (Add-On)

7.1   Overview
7.2   Software
7.3   Consulting Service

8.1   Overview
8.2   On-Premises
8.3   Cloud-Based
8.3.1   SaaS
8.4   Remotely Hosted

9.1   Overview
9.2   Pharma and Biotechnology
9.3   Biobanks and Biorepositories
9.4   Molecular Diagnostics and Clinical Research Labs
9.5   Contract Research Organizations (CROs)
9.6   Academia
9.7   Food and Beverage
9.8   Chemical Industry
9.9   Petrochemical Refinery and Oil and Gas Industry

10.1   Overview
10.2   North America
10.2.1   U.S.
10.2.2   Canada
10.3   Europe
10.3.1   Germany
10.3.2   France
10.3.3   U.K.
10.3.4   Italy
10.3.5   Spain
10.3.6   Netherlands
10.3.7   Rest-of-Europe
10.4   Asia-Pacific
10.4.1   China
10.4.2   Japan
10.4.3   India
10.4.4   South Korea
10.4.5   Australia
10.4.6   Rest-of-Asia-Pacific
10.5   Latin America
10.5.1   Brazil
10.5.2   Mexico
10.5.3   Rest-of-Latin America
10.6   Rest-of-the-World

11.1   Overview
11.2   Agilent Technologies, Inc.
11.2.1   Company Overview
11.2.2   Role of Agilent Technologies, Inc. in the Global Laboratory Informatics Market
11.2.3   Key Customers of the Company
11.2.4   Key Competitors of the Company
11.2.5   Financials
11.2.6   Key Insights about the Financial Health of the Company
11.2.7   Corporate Strategies
11.2.7.1   Mergers and Acquisitions
11.2.7.2   Business Expansion
11.2.8   Analyst Perspective
11.3   Abbott. (STARLIMS Corporation.)
11.3.1   Company Overview
11.3.2   Role of Abbott. (STARLIMS Corporation.) in the Global Laboratory Informatics Market
11.3.3   Key Customers of the Company
11.3.4   Key Competitors of the Company
11.3.5   Financials
11.3.6   Key Insights about the Financial Health of the Company
11.3.7   Corporate Strategies
11.3.7.1   Mergers and Acquisitions
11.3.8   Business Strategies
11.3.8.1   Product Launch/Upgradation
11.3.9   Analyst Perspective
11.4   Accelerated Technology Laboratories, Inc.
11.4.1   Company Overview
11.4.2   Role of Accelerated Technology Laboratories, Inc. in the Global Laboratory Informatics Market
11.4.3   Key Competitors of the Company
11.4.4   Corporate Strategies
11.4.4.1   Synergistic Activities
11.4.5   Business Strategies
11.4.5.1   Product Launch
11.4.6   Analyst Perspective
11.5   BD.
11.5.1   Company Overview
11.5.2   Role of BD. in the Global Laboratory Informatics Market
11.5.3   Key Customers of the Company
11.5.4   Key Competitors of the Company
11.5.5   Financials
11.5.6   Key Insights about the Financial Health of the Company
11.5.7   Corporate Strategies
11.5.7.1   Mergers and Acquisitions
11.5.7.2   Synergistic Activities
11.5.8   Business Strategies
11.5.8.1   Product Launch
11.5.9   Analyst Perspective
11.6   Bio-Rad Laboratories, Inc.
11.6.1   Company Overview
11.6.2   Role of Bio-Rad Laboratories, Inc. in the Global Laboratory Informatics Market
11.6.3   Key Customers of the Company
11.6.4   Key Competitors of the Company
11.6.5   Financials
11.6.6   Key Insights about the Financial Health of the Company
11.6.7   Corporate Strategies
11.6.7.1   Business Expansion
11.6.8   Business Strategies
11.6.8.1   Product Launch
11.6.9   Analyst Perspective
11.7   Benchling.
11.7.1   Company Overview
11.7.2   Role of Benchling. in the Global Laboratory Informatics Market
11.7.3   Key Competitors of the Company
11.7.4   Corporate Strategies
11.7.4.1   Mergers and Acquisitions
11.7.4.2   Business Expansion and Funding
11.7.5   Business Strategies
11.7.5.1   Product Launch
11.7.6   Analyst Perspective
11.8   CSols Inc.
11.8.1   Company Overview
11.8.2   Role of CSols Inc. in the Global Laboratory Informatics Market
11.8.3   Key Competitors of the Company
11.8.4   Corporate Strategies
11.8.4.1   Mergers and Acquisitions
11.8.5   Analyst Perspective
11.9   Dassault Systèmes (Biovia)
11.9.1   Company Overview
11.9.2   Role of Dassault Systèmes (Biovia) in the Global Laboratory Informatics Market
11.9.3   Key Competitors of the Company
11.9.4   Financials
11.9.5   Key Insights about the Financial Health of the Company
11.9.6   Corporate Strategies
11.9.6.1   Synergistic Activities
11.9.7   Analyst Perspective
11.10 Danaher. (IDBS)
11.10.1   Company Overview
11.10.2   Role of Danaher. (IDBS) in the Global Laboratory Informatics Market
11.10.3   Key Customers of the Company
11.10.4   Key Competitors of the Company
11.10.5   Financials
11.10.6   Key Insights about the Financial Health of the Company
11.10.7   Corporate Strategies
11.10.7.1   Mergers and Acquisitions
11.10.7.2   Synergistic Activities
11.10.7.3   Business Expansion and Funding
11.10.8   Business Strategies
11.10.8.1   Product Launch
11.10.9   Analyst Perspective
11.11   Illumina, Inc.
11.11.1   Company Overview
11.11.2   Role of Illumina, Inc. in the Global Laboratory Informatics Market
11.11.3   Key Competitors of the Company
11.11.4   Financials
11.11.5   Key Insights about the Financial Health of the Company
11.11.6   Analyst Perspective
11.12   LabVantage Solutions Inc.
11.12.1   Company Overview
11.12.2   Role of LabVantage Solutions Inc. in the Global Laboratory Informatics Market
11.12.3   Key Customers of the Company
11.12.4   Key Competitors of the Company
11.12.5   Corporate Strategies
11.12.5.1   Mergers and Acquisitions
11.12.5.2   Synergistic Activities
11.12.6   Business Strategies
11.12.6.1   Product Launch/Upgradation
11.12.7   Analyst Perspective
11.13   LabWare
11.13.1   Company Overview
11.13.2   Role of LabWare in the Global Laboratory Informatics Market
11.13.3   Key Customers of the Company
11.13.4   Key Competitors of the Company
11.13.5   Corporate Strategies
11.13.5.1   Mergers and Acquisitions
11.13.5.2   Synergistic Activities
11.13.6   Business Strategies
11.13.6.1   Product Launch
11.13.7   Analyst Perspective
11.14   LabLynx, Inc.
11.14.1   Company Overview
11.14.2   Role of LabLynx, Inc. in the Global Laboratory Informatics Market
11.14.3   Key Competitors of the Company
11.14.4   Business Strategies
11.14.4.1   Product Launch
11.14.5   Analyst Perspective
11.15   Merck KGaA
11.15.1   Company Overview
11.15.2   Role of Merck KGaA in the Global Laboratory Informatics Market
11.15.3   Key Competitors of the Company
11.15.4   Financials
11.15.5   Key Insights about the Financial Health of the Company
11.15.6   Corporate Strategies
11.15.6.1   Mergers and Acquisitions
11.15.7   Business Strategies
11.15.7.1   Product Launch
11.15.8   Analyst Perspective
11.16   MGI Tech Co., Ltd.
11.16.1   Company Overview
11.16.2   Role of MGI Tech Co., Ltd. in the Global Laboratory Informatics Market
11.16.3   Key Competitors of the Company
11.16.4   Corporate Strategies
11.16.4.1   Synergistic Activities
11.16.5   Analyst Perspective
11.17   PerkinElmer, Inc.
11.17.1   Company Overview
11.17.2   Role of PerkinElmer, Inc. in the Global Laboratory Informatics Market
11.17.3   Key Customers of the Company
11.17.4   Key Competitors of the Company
11.17.5   Financials
11.17.6   Key Insights about the Financial Health of the Company
11.17.7   Corporate Strategies
11.17.7.1   Synergistics Activities
11.17.8   Business Strategies
11.17.8.1   Product Launch
11.17.9   Analyst Perspective
11.18   Thermo Fisher Scientific Inc.
11.18.1   Company Overview
11.18.2   Role of Thermo Fisher Scientific Inc. in the Global Laboratory Informatics Market
11.18.3   Key Customers of the Company
11.18.4   Key Competitors of the Company
11.18.5   Financials
11.18.6   Key Insights about the Financial Health of the Company
11.18.7   Corporate Strategies
11.18.7.1   Synergistics Activities
11.18.7.2   Business Expansion
11.18.8   Business Strategies
11.18.8.1   Product Launch
11.18.9   Analyst Perspective
11.19   Waters.
11.19.1   Company Overview
11.19.2   Role of Waters. in the Global Laboratory Informatics Market
11.19.3   Key Customers of the Company
11.19.4   Key Competitors of the Company
11.19.5   Financials
11.19.6   Key Insights about the Financial Health of the Company
11.19.7   Corporate Strategies
11.19.7.1   Mergers and Acquisitions
11.19.7.2   Synergistic Activities
11.19.7.3   Business Expansion
11.19.8   Analyst Perspective
11.20 Emerging Companies
11.20.1   CloudLIMS.com.
11.20.2   Docpulse
11.20.3   LigoLab Information Systems
11.20.4   Zifo

Table 1:   Impact Analysis of Market Drivers, Restraints, and Opportunities on the Global Laboratory Informatics Market
Table 2:   Technological Trends in Laboratory Informatics Market
Table 3:   Average Price Range of Various Laboratory Informatics Systems
Table 4:   Software Offered by Key Players
Table 5:   Pros and Cons of On-Premises Software
Table 6:   On-Premises Offered by Key Players
Table 7:   Pros and Cons of Cloud-Based Software
Table 8:   Cloud-Based Offered by Key Players
Table 9:   SaaS offered by Key Players
Table 10:   Pros and Cons of Remotely Hosted
Table 11:   Remotely Hosted offered by Key Players

Figure 1:   Global Laboratory Informatics Market, $Million, 2021 and 2032
Figure 2:   Global Laboratory Informatics Market Segmentation
Figure 3:   Global Laboratory Informatics Market (by Type), $Million, 2021 and 2032
Figure 4:   Global Laboratory Informatics Market (by Offering), $Million, 2021 and 2032
Figure 5:   Global Laboratory Informatics Market (by Component), $Million, 2021-2032
Figure 6:   Global Laboratory Informatics Market (by Deployment), $Million, 2021-2032
Figure 7:   Global Laboratory Informatics Market (by End User), $Million, 2021-2032
Figure 8:   Global Laboratory Informatics Market (by Region)
Figure 9:   Global Laboratory Informatics Market Segmentation
Figure 10:   Global Laboratory Informatics Market: Research Methodology
Figure 11:   Primary Research Methodology
Figure 12:   Bottom-Up Approach (Segment-Wise Analysis)
Figure 13:   Top-Down Approach (Segment-Wise Analysis)
Figure 14:   Sub-Types of Laboratory Informatics
Figure 15:   Laboratories around the World Using Laboratory Informatics, 2019
Figure 16:   Use of Laboratory Informatics in a Laboratory
Figure 17:   Laboratory Informatics Workflow
Figure 18:   Global Laboratory Informatics Market, Patent Analysis (by Year), January 2019-September 2022
Figure 19:   Global Laboratory Informatics Market, Patent Analysis (by Country), January 2019-September 2022
Figure 20:   Global Laboratory Informatics Market, Patent Analysis (by Region), January 2019-September 2022
Figure 21:   Factors Affecting the Adoption of Laboratory Informatics According to Stakeholders
Figure 22:   Challenges and Unmet Needs According to Stakeholders
Figure 23:   Software Deployment Type Adoption Rate According to Stakeholders
Figure 24:   Global Laboratory Informatics Market - Market Dynamics
Figure 25:   Key Advantages of Laboratory Informatics Leading to Reduced Error and Increased Efficiency
Figure 26:   How Much Does a Laboratory Informatics System Work
Figure 27:   Advantages of Laboratory Informatics
Figure 28:   LabVantage vs. Other Laboratory Informatics Implementation
Figure 29:   Lab Training as Part of the Entire Laboratory Informatics Implementation Process
Figure 30:   Building Blocks of Data Migration
Figure 31:   Artificial Intelligence in Laboratory Informatics
Figure 32:   Advantages of Cloud-Based Laboratory Informatics
Figure 33:   Share of Key Developments, January 2019-September 2022
Figure 34:   Share of Mergers and Acquisitions (by Company), January 2019-September 2022
Figure 35:   Share of Synergistic Activities (by Company), January 2019-September 2022
Figure 36:   Share of Business Expansion and Funding Activities (by Company), January 2019-September 2022
Figure 37:   Share of Product Launches/Upgradation (by Company), January 2019-January 2022
Figure 38:   Laboratory Informatics Supply Chain Analysis
Figure 39:   Market Share Analysis of Global Laboratory Informatics Market (by Company), 2021.
Figure 40:   Growth Share Analysis for Global Laboratory Informatics Market (by Type), 2021
Figure 41:   Growth Share Analysis for Global Laboratory Informatics Market (by End User), 2021
Figure 42:   Global Laboratory Informatics Market (by Type)
Figure 43:   Global Laboratory Informatics Market (by Type), $Million, 2021 and 2032
Figure 44:   Advantages of Laboratory Informatics Management Systems (LIMS)
Figure 45:   Global Laboratory Informatics Market (Laboratory Information Management Systems (LIMS)), $Million, 2021-2032
Figure 46:   Key Features of Electronic Lab Notebooks (ELN)
Figure 47:   Global Laboratory Informatics Market (Electronic Lab Notebooks (ELN)), $Million, 2021-2032
Figure 48:   Workflow of Chromatography Data System
Figure 49:   Global Laboratory Informatics Market (Chromatography Data Systems (CDS)), $Million, 2021-2032
Figure 50:   Advantages of Electronic Data Capture (EDC)
Figure 51:   Global Laboratory Informatics Market (Electronic Data Capture (EDC)), $Million, 2021-2032
Figure 52:   Comparisons between Different Clinical Data Management Software
Figure 53:   Global Laboratory Informatics Market (Clinical Data Management Software (CDMS)), $Million, 2021-2032
Figure 54:   Laboratory Execution System (LES) for R&D Labs
Figure 55:   Global Laboratory Informatics Market (Laboratory Execution Systems (LES)), $Million, 2021-2032
Figure 56:   ECM Lifecycle Stages
Figure 57:   Global Laboratory Informatics Market (Enterprise Content Management (ECM)), $Million, 2021-2032
Figure 58:   SDMS Workflow
Figure 59:   Global Laboratory Informatics Market (Scientific Data Management Systems (SDMS)), $Million, 2021-2032
Figure 60:   Quality Management Implementation Tool
Figure 61:   Global Laboratory Informatics Market (Quality Management Systems (QMS)), $Million, 2021-2032
Figure 62:   Global Laboratory Informatics Market (by Offering)
Figure 63:   Global Laboratory Informatics Market (by Offering), $Million, 2021 and 2032
Figure 64:   Global Laboratory Informatics Market (Standalone), $Million, 2021-2032
Figure 65:   Global Laboratory Informatics Market (Platform), $Million, 2021-2032
Figure 66:   Global Laboratory Informatics Market (Other Offerings (Add-On)), $Million, 2021-2032
Figure 67:   Global Laboratory Informatics Market (by Component)
Figure 68:   Global Laboratory Informatics Market (by Component), $Million, 2021-2032
Figure 69:   Perks of Laboratory Informatics Software
Figure 70:   Global Laboratory Informatics Market (Software), $Million, 2021-2032
Figure 71:   Consulting Service Portfolio
Figure 72:   Global Laboratory Informatics Market (Consulting Service), $Million, 2021-2032
Figure 73:   Consulting Service offered by Key Players
Figure 74:   Global Laboratory Informatics Market (by Deployment)
Figure 75:   Global Laboratory Informatics Market (by Deployment), $Million, 2021-2032
Figure 76:   Global Laboratory Informatics Market (On-Premises), $Million, 2021-2032
Figure 77:   Subtypes of Cloud
Figure 78:   Global Laboratory Informatics Market (Cloud-Based), $Million, 2021-2032
Figure 79:   Global Laboratory Informatics Market (Remotely Hosted), $Million, 2022-2032
Figure 80:   Global Laboratory Informatics Market (by End User)
Figure 81:   Global Laboratory Informatics Market (by End User), $Million, 2021-2032
Figure 82:   Global Laboratory Informatics Market (Pharma and Biotechnology), $Million, 2021-2032
Figure 83:   Global Laboratory Informatics Market (Biobanks and Biorepositories), $Million, 2021-2032
Figure 84:   Global Laboratory Informatics Market (Molecular Diagnostics and Clinical Research Labs), $Million, 2021-2032
Figure 85:   Global Laboratory Informatics Market (Contract Research Organizations (CROs)), $Million, 2021-2032
Figure 86:   Global Laboratory Informatics Market (Academia), $Million, 2021-2032
Figure 87:   Global Laboratory Informatics Market (Food and Beverage), $Million, 2021-2032
Figure 88:   Global Laboratory Informatics Market (Chemical Industry), $Million, 2021-2032
Figure 89:   Global Laboratory Informatics Market (Petrochemical Refinery and Oil and Gas Industry), $Million, 2021-2032
Figure 90:   Global Laboratory Informatics Market (by Region)
Figure 91:   North America Laboratory Informatics Market, $Million, 2021-2032
Figure 92:   North America: Market Dynamics
Figure 93:   North America Laboratory Informatics Market (by Country), $Million, 2021-2032
Figure 94:   U.S. Laboratory Informatics Market, $Million, 2021-2032
Figure 95:   Canada Laboratory Informatics Market, $Million, 2021-2032
Figure 96:   Europe Laboratory Informatics Market, $Million, 2021-2032
Figure 97:   Europe: Market Dynamics
Figure 98:   Europe Laboratory Informatics Market (by Country), $Million, 2021-2032
Figure 99:   Germany Laboratory Informatics Market, $Million, 2021-2032
Figure 100:   France Laboratory Informatics Market, $Million, 2021-2032
Figure 101:   U.K. Laboratory Informatics Market, $Million, 2021-2032
Figure 102:   Italy Laboratory Informatics Market, $Million, 2021-2032
Figure 103:   Spain Laboratory Informatics Market, $Million, 2021-2032
Figure 104:   Netherlands Laboratory Informatics Market, $Million, 2021-2032
Figure 105:   Rest-of-Europe Laboratory Informatics Market, $Million, 2021-2032
Figure 106:   Asia-Pacific Laboratory Informatics Market, $Million, 2021-2032
Figure 107:   Asia-Pacific - Market Dynamics
Figure 108:   Asia-Pacific Laboratory Informatics Market (by Country), $Million, 2021-2032
Figure 109:   China Laboratory Informatics Market, $Million, 2021-2032
Figure 110:   Japan Laboratory Informatics Market, $Million, 2021-2032
Figure 111:   India Laboratory Informatics Market, $Million, 2021-2032
Figure 112:   South Korea Laboratory Informatics Market, $Million, 2021-2032
Figure 113:   Australia Laboratory Informatics Market, $Million, 2021-2032
Figure 114:   Rest-of-Asia-Pacific Laboratory Informatics Market, $Million, 2021-2032
Figure 115:   Latin America Laboratory Informatics Market, $Million, 2021-2032
Figure 116:   Latin America - Market Dynamics
Figure 117:   Latin America Laboratory Informatics Market (by Country), $Million, 2021-2032
Figure 118:   Brazil Laboratory Informatics Market, $Million, 2021-2032
Figure 119:   Mexico Laboratory Informatics Market, $Million, 2021-2032
Figure 120:   Rest-of-Latin America Laboratory Informatics Market, $Million, 2021-2032
Figure 121:   Rest-of-the-World Laboratory Informatics Market, $Million, 2021-2032
Figure 122:   Total Number of Companies Profiled
Figure 123:   Agilent Technologies, Inc.: Product Portfolio
Figure 124:   Agilent Technologies, Inc.: Overall Financials, $Million, 2019-2021
Figure 125:   Agilent Technologies, Inc.: Revenue (by Segment), $Million, 2019-2021
Figure 126:   Agilent Technologies, Inc.: Revenue (by Region), $Million, 2019-2021
Figure 127:   Agilent Technologies, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 128:   Abbott. (STARLIMS Corporation.): Product Portfolio
Figure 129:   Abbott. (STARLIMS Corporation.): Overall Financials, $Million, 2019-2021
Figure 130:   Abbott. (STARLIMS Corporation.): Revenue (by Segment), $Million, 2019-2021
Figure 131:   Abbott. (STARLIMS Corporation.): Revenue (by Region), $Million, 2019-2021
Figure 132:   Abbott. (STARLIMS Corporation.): R&D Expenditure, $Million, 2019-2021
Figure 133:   Accelerated Technology Laboratories, Inc.: Product Portfolio
Figure 134:   BD.: Product Portfolio
Figure 135:   BD.: Overall Financials, $Million, 2019-2021
Figure 136:   BD.: Revenue (by Segment), $Million, 2019-2021
Figure 137:   BD.: Revenue (by Region), $Million, 2019-2021
Figure 138:   BD.: R&D Expenditure, $Million, 2019-2021
Figure 139:   Bio-Rad Laboratories, Inc.: Product Portfolio
Figure 140:   Bio-Rad Laboratories, Inc.: Overall Financials, $Million, 2019-2021
Figure 141:   Bio-Rad Laboratories, Inc.: Revenue (by Segment), $Million, 2019-2021
Figure 142:   Bio-Rad Laboratories, Inc.: Revenue (by Region), $Million, 2019-2021
Figure 143:   Bio-Rad Laboratories, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 144:   Benchling.: Product Portfolio
Figure 145:   CSols Inc.: Product Portfolio
Figure 146:   Dassault Systèmes (Biovia): Product Portfolio
Figure 147:   Dassault Systèmes (Biovia): Overall Financials, $Million, 2019-2021
Figure 148:   Dassault Systèmes (Biovia): Revenue (by Segment), $Million, 2019-2021
Figure 149:   Dassault Systèmes (Biovia): Revenue (by Region), $Million, 2019-2021
Figure 150:   Dassault Systèmes (Biovia): R&D Expenditure, $Million, 2019-2021
Figure 151:   Danaher. (IDBS): Product Portfolio
Figure 152:   Danaher. (IDBS): Overall Financials, $Million, 2019-2021
Figure 153:   Danaher. (IDBS).: Revenue (by Segment), $Million, 2019-2021
Figure 154:   Danaher. (IDBS).: Revenue (by Region), $Million, 2019-2021
Figure 155:   Danaher. (IDBS).: R&D Expenditure, $Million, 2019-2021
Figure 156:   Illumina, Inc.: Product Portfolio
Figure 157:   Illumina, Inc.: Overall Financials, $Million, 2019-2021
Figure 158:   Illumina, Inc.: Revenue (by Segment), $Million, 2019-2021
Figure 159:   Illumina, Inc.: Revenue (by Region), $Million, 2019-2021
Figure 160:   Illumina, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 161:   LabVantage Solutions Inc.: Product Portfolio
Figure 162:   LabWare: Product Portfolio
Figure 163:   LabLynx, Inc.: Product Portfolio
Figure 164:   Merck KGaA: Product Portfolio
Figure 165:   Merck KGaA: Overall Financials, $Million, 2019-2021
Figure 166:   Merck KGaA: Revenue (by Segment), $Million, 2019-2021
Figure 167:   Merck KGaA: Revenue (by Region), $Million, 2019-2021
Figure 168:   Merck KGaA: R&D Expenditure, $Million, 2019-2021
Figure 169:   MGI Tech Co., Ltd.: Product Portfolio
Figure 170:   PerkinElmer, Inc.: Product Portfolio
Figure 171:   PerkinElmer, Inc.: Overall Financials, $Million, 2019-2021
Figure 172:   PerkinElmer, Inc.: Revenue (by Segment), $Million, 2019-2021
Figure 173:   PerkinElmer, Inc.: Revenue (by Region), $Million, 2019-2021
Figure 174:   PerkinElmer, Inc.: R&D Expenditure, $Million, 2019-2021
Figure 175:   Thermo Fisher Scientific Inc.: Product Portfolio
Figure 176:   Thermo Fisher Scientific Inc.: Overall Financials, $Million, 2019-2021
Figure 177:   Thermo Fisher Scientific Inc.: Revenue (by Segment), $Million, 2019-2021
Figure 178:   Thermo Fisher Scientific Inc.: Revenue (by Region), $Million, 2019-2021
Figure 179:   Thermo Fisher Scientific Inc.: R&D Expenditure, $Million, 2019-2021
Figure 180:   Waters.: Product Portfolio
Figure 181:   Waters.: Overall Financials, $Million, 2019-2021
Figure 182:   Waters.: Revenue (by Segment), $Million, 2019-2021
Figure 183:   Waters.: Revenue (by Region), $Million, 2019-2021
Figure 184:   Waters.: R&D Expenditure, $Million, 2019-2021

Market Report Coverage

Laboratory Informatics Market
Base Year	2021	Market Size in 2021	$4,341.2 Million
Forecast Period	2022-2032	Value Projection and Estimation by 2032	$12,677.0 Million
CAGR During Forecast Period	10.27%	Number of Tables	11
Number of Pages	269	Number of Figures	184

Key Market Players and Competition Synopsis

The companies that are profiled have been selected based on inputs gathered from primary experts, analyzing company coverage, product portfolio, and market penetration.

Some of the prominent names established in this market are:

Company Type 1: Public Companies
•   Agilent Technologies, Inc.
•   Abbott. (STARLIMS Corporation.)
•   BD.
•   Bio-Rad Laboratories, Inc.
•   Dassault Systèmes (Biovia)
•   Danaher. (IDBS)
•   Illumina, Inc.
•   Merck KGaA
•   PerkinElmer, Inc.
•   Thermo Fisher Scientific Inc.
•   Waters.

Company Type 2: Private Companies
•   Accelerated Technology Laboratories, Inc.
•   CSols Inc.
•   LabVantage Solutions Inc.
•   LabWare
•   MGI Tech Co., Ltd.
•   Benchling.
•   LabLynx, Inc.

How can this report add value to an organization?

Product/Innovation Strategy: The report considers both software and services-based companies. The industry is seeing constant development and product launches with new and innovative upgrades. Additionally, emerging technologies like AI and ML are also expected to be integrated into laboratory informatics systems soon, which is expected to further boost the market growth.

Growth/Marketing Strategy: The key components in laboratory informatics are the software and consulting services. The cost of software depends on the number of integrations you want the software with. However, the consulting charges usually surpass the cost of instruments, and consulting services are necessary to ensure the purchase of the right type of instruments and their correct integration and placements.

Competitive Strategy: The key players in the global laboratory informatics market have been analyzed and profiled in the study, consisting of both software-based and service-based companies, as well as a few emerging companies. Moreover, a detailed competitive benchmarking of the players operating in the global laboratory informatics market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

Industry and Technology Overview

Global Laboratory Informatics Market Industry Overview

The global laboratory informatics market was valued at $4,341.2 million in 2021 and is anticipated to reach $12,677.0 million by 2032, witnessing a CAGR of 10.27% during the forecast period 2022-2032. The growth in the global laboratory informatics market is expected to be driven by the increased efficiency of laboratories due to their usage and better data management. Additionally, it saves time and money.

Market Lifecycle Stage

Laboratory informatics plays an essential role in laboratories fulfilling quality standards, eliminating transcribing mistakes, shortening the time it takes from specimen receipt to results reporting, and improving patient outcomes. Over the last decade, technical developments in laboratory equipment have resulted in increasing specimen numbers, as well as a growing need for and dependence on laboratory data to support clinical and public health demands. These advancements indicated that paper-based record keeping and results reporting were impractical and could not serve the laboratory's commercial demands. As a result, there has been a significant increase in the need for laboratory informatics adoption at all levels. This expanded usage of laboratory informatics has enabled end customers to describe particular system requirements, prompting suppliers to design more appealing and practical products and feasible laboratory informatics choices.

Figure: Global Laboratory Informatics Market Snapshot

Source: BIS Research Analysis

Impact

• The presence of major instrument providers of laboratory informatics has a major impact on the market. For instance, in June 2020, Agilent Technologies, Inc. and Thermo Fisher Scientific Inc.'s expanded multivendor control approach to laboratory informatics enables clients to pick the finest hardware and software for their needs. This execution of its mutual compatibility principle would allow customers of Agilent Technologies and Thermo Fisher Scientific to select a chromatography data system from either company Agilent OpenLab CDS or Thermo Fisher Chromeleon to manage analytical instruments from both companies.
• Companies such as IDBS (Danaher.) partnered with Synthace in December 2021 in order to provide IDBS Polar users with cutting-edge data infrastructure for high-throughput process development (HTPD) studies. Synthace's cloud-based automation platform works in tandem with Polar's HTPD to accelerate bioprocess development by enabling better decision-making through more reliable data sets, comprehensive data analysis, and modern enterprise data management, allowing the team to adopt a faster throughput approach and significantly reduce timelines. This combined solution allows users to scale safely to hundreds of automated, parallelized experiments per month.

Impact of COVID-19

During the COVID-19 pandemic, the development of laboratory software and technologies really took off as people were working remotely, and thus digital solutions became a requirement for a productive laboratory. Also, increased laboratory demands for testing, genomics, drug development, and vaccinations also meant they had to become more efficient and provide faster, quicker, and more efficient results. In addition to this, these demands had to be fulfilled with laboratory space restrictions and demanding timelines. Thus, scaling up testing and research could only be solved by using laboratory informatics tools like LIMS and ELN. These tools helped scientists collaborate and work better even in a reduced-capacity working environment.

Many laboratory informatics manufacturers fastened their implementation process to help laboratories better fight the coronavirus. For example, CloudLIMS helped multiple labs set up within less than a week by implementing FDA-approved and preconfigured workflows. The key challenges faced by laboratories testing COVID-19 included rapid configuration of FDA-approved workflows, standardization, and validation of new COVID-19 testing methods, reporting results according to FDA and CDC guidelines, and following the internal regulatory CLIA ISO and HIPAA guidelines.

Market Segmentation:

Segmentation 1: by Type
•   Laboratory Information Management Systems (LIMS)
•   Electronic Lab Notebooks (ELN)
•   Chromatography Data Systems (CDS)
•   Electronic Data Capture (EDC)
•   Clinical Data Management Systems (CDMS)
•   Laboratory Execution Systems (LES)
•   Enterprise Content Management (ECM)
•   Scientific Data Management Systems (SDMS)
•   Quality Management Systems (QMS)

Based on type, the global laboratory informatics market is expected to be dominated by laboratory information management systems (LIMS). This is due to the high number of applications performed by LIMS and its ease of integration with other systems.

Segmentation 2: by Offering
•   Platform
•   Standalone
•   Add-On

Based on offering, the global laboratory informatics market is dominated by standalone systems. However, platform is the fastest growing segment. This is because laboratories are realizing the need for more than one laboratory informatics system type, which is easier to integrate with platforms.

Segmentation 3: by Component
• Software
• Consulting Service

Based on component, the global laboratory informatics market is expected to be dominated by software. This is due to the higher number of software companies than consulting ones.

Segmentation 4: by Deployment
•   On-Premises
•   Cloud-Based
o   SaaS
•   Remotely Hosted

Based on deployment, the global laboratory informatics market is dominated by the cloud-based segment. The growth of the cloud-based segment is primarily attributed to its low cost and improving privacy concerns.

Segmentation 5: by End User
•   Pharma and Biotechnology
•   Biobanks and Biorepositories
•   Molecular Diagnostics and Clinical Research Labs
•   Contract Research Organizations (CROs)
•   Academia
•   Food and Beverage
•   Chemical Industry
•   Petrochemical Refinery and Oil and Gas Industry

Based on end user, the global laboratory informatics market was dominated by pharma and biotechnology. The growth of this segment is primarily attributed to the high use of laboratories in these fields. Additionally, with many software specifically designed to be used by this end user, their use is growing significantly.

Segmentation 6: by Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Rest-of-the-World

North America dominated the global market with a revenue of $1,773.5 in 2021. However, the Asia-Pacific region, constituting several emerging economies, is expected to register the highest CAGR of 11.55% during the forecast period 2022-2032.

Recent Developments in the Global Laboratory Informatics Market

•   In February 2022, Agilent Technologies, Inc. acquired advanced artificial intelligence (AI) technology developed by Virtual Control. With this acquisition, the company incorporated ACIES software into the industry's premier gas chromatography and mass spectrometry (GS/MS) platform, which boosted productivity, efficiency, and throughput in laboratories worldwide.
•   In October 2021, PerkinElmer, Inc. introduced Signals Research Suite, a complete cloud-based solution hosted on Amazon Web Services. The suite is a secure informatics platform that provides pharmaceutical and industrial companies with comprehensive, end-to-end scientific data and workflow management.
•   In July 2021, Abbott's STARLIMS Corporation upgraded to Technology Platform v12.2. Functionality and upgrades have been improved, and all of the features from prior versions of ELN are available in HTML5: Standard Operating Procedures (SOP) document viewer. The new HTML5 design enhanced start-up efficiency, integration, and usability.
•   In August 2020, Thermo Fisher Scientific expanded SampleManager LIMS software deployment model choices which enabled laboratories with end-to-end support for software deployment in the Amazon Web Services (AWS) cloud. The customers of LIMS software can use the system's enhanced functionality and integration capabilities without investing considerable resources in the setup and continuing administration of a cloud environment.

Demand – Drivers and Limitations

Following are the demand drivers for the global laboratory informatics market:

•   Reduced Human Error and Increased Efficiency
•   Time Savings and Increased Revenue
•   Increasing Implementation of Laboratory Informatics in All Industries

The market is expected to face some limitations too due to the following challenges:

•   Slow Speed of Implementation
•   Trained Professionals Needed
•   Data Migration Highly Error-Prone and Time Consuming

Analyst’s View

According to Nitish Kumar, Principal Analyst, BIS Research, “Global Laboratory Informatics market is a well-established market and is expected to grow further in the coming years due to the continuous increase in the demand for data management systems and laboratory efficiency.”

Laboratory Informatics Market - A Global Market and Regional Analysis

Focus on Type, Offering, Component, Deployment, End User, and Region Analysis - Analysis and Forecast, 2022-2032

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Some Faq's

Frequently Asked Questions

Laboratory informatics is a specialized application that enables and enhances scientific processes and stores and delivers laboratory information. It is now becoming critical for laboratory operations as it delivers reliable, high-quality data and results. The term laboratory informatics comprises a variety of technology tools, each specialized in its own data collection and analysis strategies.

Increasing implementation of laboratory informatics in all types of industries, which is, in turn, reducing human errors and increasing efficiency. Additionally, the latest trends of converging laboratory informatics with artificial intelligence and machine learning are expected to grow in the coming years. Another trend being observed in this field is laboratories switching from standalone to platforms as it is easier to integrate.

The global laboratory informatics market has seen major developments such as business expansions, partnerships, collaborations, and joint ventures by key players operating in the market. According to BIS Research analysis, the majority of the companies preferred partnerships, collaborations, and joint ventures as strategies to further increase their growth in the global laboratory informatics market. Companies such as Agilent Technologies, Inc., LabVantage Solutions Inc., LabWare, and STARLIMS Corporation. have majorly adopted partnerships, collaborations, and joint venture strategies.

A new entrant can focus on integrating different laboratory informatics systems into a single platform such that it can perform multiple functions effortlessly. Additionally, it should be easily integrated with already existing laboratory systems. Additionally, consulting service companies need to be able to plan their schedule around the laboratory's schedule rather than the other way around.

The following can be considered the USPs of the report:

· Extensive competitive benchmarking of the top 20 players has been done to offer a holistic view of the global laboratory informatics market landscape

· Detailed stakeholder and investor analysis provided

· Market ranking analysis based on product portfolio, recent developments, and regional spread

· Coverage of the investment landscape, including product adoption scenario, funding, and patent analysis

This report will be useful for manufacturers who are looking to manufacture or invest in laboratory informatics. Additionally, the report would be useful for manufacturers/service providers who are already producing these systems and instruments.

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Table of Contents

Market Report Coverage

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Industry and Technology Overview

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Frequently Asked Questions

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A quick peek into the report

Table of Contents

1 Markets

2 Industry Analysis

3 Market Dynamics

4 Competitive Landscape

5 Global Laboratory Informatics Market (by Type), ($Million), 2021-2032

6 Global Laboratory Informatics Market (by Offering), ($Million), 2021-2032

7 Global Laboratory Informatics Market (by Component), $Million, 2021-2032

8 Global Laboratory Informatics Markets (by Deployment), $Million, 2021-2032

9 Global Laboratory Informatics Market (by End User), $Million, 2020-2032

10 Global Laboratory Informatics Market (by Region), $Million, 2021-2032

11 Company Profiles

List of Tables

List of Figures

Market Report Coverage

How can this report add value to an organization?

Industry and Technology Overview

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Frequently Asked Questions

Q: What is laboratory informatics?

Q: What are the key trends in laboratory informatics?

Q: What kinds of new strategies are being adopted by the existing market players to strengthen their market position in the industry?

Q: For a new company looking to enter the laboratory informatics market, which areas could it focus on to stay ahead of the competition?

Q: What is the USP of this report?

Q: Who should buy this report?

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