Laboratory Informatics Market Future Growth, High Demand, Recent Trends, Industry Analysis, and Outlook 2027

emergen research
emergen research

This comprehensive study provides various aspects of business such as important definition, end use and total revenue generated across various regions. The study is a professional probe into the revenue generated and capacity estimates for the Laboratory Informatics Market for the forecast period 2020 – 2027 empower the business owners to maintain a competitive edge over their rivals. The research further examines and provides data on the market by type, application and geography interspersed with illustrations and other graphical representations. The market analysis not only determines the attractiveness of the industry but also the evolving challenges and opportunities and their association with the weaknesses and strengths of prominent market leaders. Other factors taken into consideration when studying the industry include profitability, manufacturing capability, distribution channels and industry cost structure and major success factors.

The global laboratory informatics market size was USD 2.37 Billion in 2019 and is expected to reach USD 3.87 Billion by 2027, at a CAGR of 6.8% during the forecast period. The global laboratory informatics market is expected to expand significantly in the next few years, due to increasing need for scientific data integration solutions and growing adoption of laboratory information management systems. Besides, emergence of cost-effective solutions for informatics is also anticipated to fuel the global laboratory informatics market during the forecast period. Moreover, growing adoption of laboratory automation to decrease operational expenses is likely to boost the global laboratory informatics market in the near future.

The report is updated with the latest impact of the novel coronavirus pandemic on the market. The pandemic has drastically altered the market dynamics and trends and demands. It has also disrupted the supply chain and generated financial difficulties. The report covers the comprehensive effect of the pandemic on the industry and offers an initial and future impact assessment of the impact of the COVID-19 pandemic on the Laboratory Informatics Market business sphere.

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Key Highlights of Report

In January 2020, Andrew Alliance SA was acquired by Waters Corporation. The addition of Andrew Alliance extends Waters’ technology range to incorporate modern robots and applications, which would help increase the workflow of customers across healthcare, biotechnology, and molecular biology industries.

Due to the rising demand for cost-efficient, secure, and reliable implementations, the service segment is expected to dominate the market for laboratory informatics, expanding at a CAGR of 6.8% during the forecast period.

During the forecast period, the cloud-based segment is likely to lead the market. In the healthcare sector, emergence of cloud-based technology allows enterprises to be more responsive to consumer requirements, which would boost the segment in the near future.

Due to advantages associated with use of laboratory information management systems, the laboratory information management systems segment is likely to hold the largest market share throughout the forecast period. This system is a flexible technology interface for centralizing workflows in a laboratory.

Due to growing need to manage massive data volumes to store important information, the pharmaceutical & biotechnology segment is projected to lead the market during the forecast period.

During the forecast period, the North America region is anticipated to lead the global market for laboratory informatics. Presence of developed pharmaceutical companies and increasing need for reducing operational costs of storing and transmitting the information in the region are driving the market in North America.

Key market participants include Agilent Technologies, Inc., Dassault Systèmes SE, LabLynx, Inc., Thermo Fisher Scientific, Inc., LabVantage Solutions, Inc., Cerner Corporation, McKesson Corporation, PerkinElmer, Inc., Accelerated Technology Laboratories, Inc., and Waters Corporation

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Regional Landscape

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Market Taxonomy:

Chapter 1: Methodology & Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2: Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3: Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4: Regional Landscape

Chapter 5:  Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook

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At Emergen Research, we believe in advancing with technology. We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.

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