Laboratory Informatics Market Size Worth $5.20 Billion By 2032 | CAGR: 4.8%

The global laboratory informatics market size is expected to reach USD 5.20 billion by 2032, according to a new study by Polaris Market Research. The report “Laboratory Informatics Market Share, Size, Trends, Industry Analysis Report, By Type (ELN, LIMS, SDMS, CDS, EDC & CDMS, ECM); By Component; By Delivery; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.  

The surge in demand for laboratory automation is anticipated to drive increased adoption in the coming years. The substantial growth in data generated by laboratories over the past few decades, attributed to advancements in molecular genomics and genetic testing practices, is a key contributing factor. Furthermore, the preference shift towards personalized medicine, cancer genomics studies, and growing requirements for patient engagement is expected to elevate the need for lab automation systems.

The software solutions are becoming more user-friendly, with data transitioning to the cloud, and there is a notable increase in startups entering the laboratory informatics field. Cloud-based solutions are rapidly becoming the standard for laboratory informatics software, necessitating informatics providers to develop a cloud and Software as a Service (SaaS) strategy. Moreover, an increasing number of research laboratories are adopting cloud, mobile, and voice technologies over time, thereby fostering the demand for lab automation solutions.

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Countries in Asia-Pacific, Latin America, and the Middle East that are on the rise present substantial opportunities for market growth. These nations are building robust R&D infrastructure incorporating modern technologies to align with international regulatory standards. While North America and Europe, as developed regions, have traditionally been primary revenue sources for stakeholders in the laboratory informatics market, these markets are gradually approaching saturation. This trend prompts laboratory informatics providers to explore and expand their geographical presence into the emerging markets.

Moreover, the imperative to comply with regulations, enhance laboratory infrastructure in both developed and developing nations, advance drug discovery efforts, outsource research to Contract Research Organizations (CROs), enhance operational efficiencies, and gain a competitive advantage is propelling laboratories worldwide toward automation. The extent of automation adopted by a laboratory is contingent on its processes, budgetary considerations, and the nature of its work.

Laboratory Informatics Market Report Highlights

• In 2023, the Enterprise Content Management (ECM)  segment is expected to witness highest growth during forecast period owing to complete and integrated solutions
• Services segment is expected to dominate the laboratory informatics market during forecast period. This is attributed due to expansion of outsourcing in Laboratory Information Management System (LIMS) solutions
• On-premise delivery segment is expected to witness highest growth during forecast period
• Life science segment is expected to dominate the laboratory informatics market during forecast period. Owing to technological advancements within healthcare sector
• In 2023, North America accounted for the largest revenue share due to presence of major players, technological advancements, and dynamic startup landscape.
• The market is highly competitive owing to the existence of market players with a global presence, including Abbott Informatics Corporation, Agilent Technologies, LabWare, LabVantage Solutions, LIMSABC, among others.

Polaris Market Research has segmented the laboratory informatics market report based on type, component, delivery, end-users, and region:

Laboratory Informatics, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• ELN
• LIMS
• SDMS
• CDS
• EDC & CDMS
• ECM

Laboratory Informatics, Component Outlook (Revenue - USD Billion, 2019 - 2032)

• Software

• Services

Laboratory Informatics, Delivery Outlook (Revenue - USD Billion, 2019 - 2032)

• On-Premise
• Cloud
• Web-based

Laboratory Informatics, End-Users Outlook (Revenue - USD Billion, 2019 - 2032)

• CROs
• Life Science
• Chemical
• Food & Beverage
• Oil & Gas
• Agriculture
• Others

Laboratory Informatics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• France
• Germany
• UK
• Italy
• Netherlands
• Spain
• Russia

• Asia Pacific

• Japan
• China
• India
• Malaysia
• Indonesia
• South Korea

• Latin America

• Brazil
• Mexico
• Argentina

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa

Laboratory Informatics Market Report Scope