Enterprise Laboratory Informatics Market Expected to Reach US$ 10,428.2 Million by 2033, Driven by an 8.4% CAGR Surge

Enterprise Laboratory Informatics Market

The enterprise laboratory informatics market is expected to reach a value of US$ 10,428.2 million by the year 2033. This is a significant increase from its value of US$ 4,640.8 million in 2023. The market is projected to grow at a compound annual growth rate (CAGR) of 8.4% during the forecast period.

One of the fastest-growing areas within laboratory technology is informatics. Laboratory informatics primarily focuses on managing information effectively. It’s a specialized use of information technology that combines hardware, software, and data management to make a significant impact on the enterprise laboratory informatics market.

In the coming years, the use of enterprise laboratory informatics is expected to grow significantly due to the increasing demand for laboratory automation. This is mainly driven by significant advancements in molecular genomics and genetic testing, which have led to a substantial increase in the volume of data generated by laboratories over the past few decades.

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The Enterprise Laboratory Informatics Market refers to the use of informatics solutions in laboratory operations and data management in various industries such as pharmaceuticals, biotechnology, chemical, food and beverage, environmental, and clinical research.

The market for enterprise laboratory informatics is growing rapidly due to the increasing need for automation and data integration in laboratory workflows to improve efficiency and productivity. These solutions include laboratory information management systems (LIMS), electronic laboratory notebooks (ELN), scientific data management systems (SDMS), laboratory execution systems (LES), and laboratory automation and robotics.

The key drivers for the growth of the enterprise laboratory informatics market include increasing demand for data accuracy and efficiency, rising pressure to comply with regulatory requirements, increasing R&D spending by biopharmaceutical companies, and growing adoption of cloud-based informatics solutions.

How Fiercely Is the Enterprise Laboratory Informatics Market Becoming Competitive?

There are several small and large players operating in this highly fragmented marketplace. As a result, smaller players in the enterprise laboratory informatics market compete viciously to maintain their position in the market.

Therefore, it is projected that industry competition would be fierce over the projection period. In addition, major firms are expanding the industry by forming alliances and introducing new products.

Major Key Players:

  • LabWare
  • LabVantage Solutions, Inc.
  • Thermo Fisher Scientific
  • Abbott Informatics
  • Agilent Technologies
  • Waters
  • LabLynx
  • DassaultSystèmes
  • LABWORKS LLC
  • Autoscribe Informatics
  • PerkinElmer
  • Accelerated Technology Laboratories
  • Oracle Corporation
  • Siemens
  • IDBS
  • Novatek International

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Enterprise Laboratory Informatics Market Segmentation:

By Type of Solution:

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

By Component:

  • Software
  • Service

By Delivery:

  • On premise
  • Cloud

By Industry:

  • CRO
  • CMO
  • Pharma
  • Biotech
  • Chemical
  • Agriculture
  • Oil
  • Gas

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • MEA
  • Europe

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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