The Business Research Company’s Laboratory Informatics Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
LANDON, GREATER LANDON, UK, November 17, 2023 /EINPresswire.com/ — The global laboratory informatics market, valued at $3.48 billion in 2022, is projected to reach $3.75 billion in 2023, with a compound annual growth rate (CAGR) of 7.8%. Moreover, the market size is expected to grow to $5.21 billion by 2027, fueled by the increasing demand for laboratory automation and the adoption of advanced technological solutions across various industries.
Key Factors Driving Market Growth
The need for laboratory automation has become increasingly essential as it significantly reduces human errors and enhances the accuracy and reliability of data in laboratory operations. Various segments of the laboratory informatics market, including Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), and other software solutions, are experiencing increased demand due to the ongoing shift toward automated solutions. This shift is expected to drive the laboratory informatics market during the forecast period, reducing costs and improving overall operational efficiency.
Explore the global laboratory informatics market with a detailed sample report:
Exploring the Landscape of the Laboratory Informatics Market
Major players such as Thermo Fisher Scientific Inc., LabVantage Solutions Inc., and Waters Corporation are actively contributing to market growth by investing in the development of technologically advanced software solutions to cater to the specific operational demands of laboratory customers worldwide. These advancements, like the Green Button Go® software suite from Biosero, Inc., offer integrated automated workflows that streamline operations and increase overall productivity.
• 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)
• By Component: Services, Software
• By Deployment Model: On-premise, Cloud-based, Remotely Hosted
• By Industry: Life Sciences Industry, Chemicals Industry, Food & Beverage and Agriculture Industry, Petrochemical Refineries and Oil & Gas Industry, Environmental Testing Laboratories, Other Industries
Geographical Insights: North America Leads, Asia-Pacific Emerges as the Fastest-growing Region
North America currently holds the largest share in the laboratory informatics market. However, Asia-Pacific is expected to be the fastest-growing region during the forecast period.
For a comprehensive analysis of regional trends and market dynamics, refer to the complete report on the laboratory informatics market:
Laboratory Informatics Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Laboratory Informatics Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on laboratory informatics system market size, laboratory information management market drivers and trends, laboratory informatics market major players, competitors’ revenues, market positioning, and market growth across geographies. The laboratory informatics market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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