The laboratory informatics market share is expected to witness significant growth in the coming years. Laboratory informatics refers to the application of information technology in laboratories to streamline and automate various processes, including data management, sample tracking, workflow optimization, and regulatory compliance.

One of the key factors driving the market share of laboratory informatics is the increasing demand for efficient data management systems in laboratories. With the growing volume of data generated in research and development activities, there is a need for advanced software solutions that can handle large datasets, ensure data integrity, and enable easy retrieval and analysis. Laboratory informatics systems offer integrated platforms that facilitate seamless data management across different laboratory functions, leading to improved productivity and accuracy.

Moreover, the rising adoption of cloud-based laboratory informatics solutions is also contributing to market growth. Cloud-based platforms provide laboratories with flexible and scalable options for storing and accessing their data securely. These solutions eliminate the need for expensive infrastructure investments while offering enhanced collaboration capabilities among researchers and scientists located in different geographical locations.

The Laboratory Informatics Market Size was esteemed at USD 3.30 billion 2022, and expected to arrive at USD 4.88 billion by 2030, and develop at a CAGR of 5% over the conjecture period 2023-2030.

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KEY MARKET SEGMENTATION:

By Product Type

·        Laboratory Information Management Systems (LIMS)

·        Scientific Data Management Systems (SDMS)

·        Electronic Lab Notebooks (ELN)

·        Enterprise Content Management (ECM)

·        Chromatography Data Systems (CDS)

·        Laboratory Execution Systems (LES)

·        Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)

By Delivery Type

·        On-premise

·        Cloud-based

By Component Type

·        Services

·        Software

By End-use Type

·        Life Sciences

o   Pharmaceutical and Biotechnology Companies

o   Contract Services Organizations

o   Biobanks/Biorepositories

o   Academic Research Institutes

o   Molecular Diagnostics & Clinical Research Laboratories

·        CROs

·        Chemical Industry

·        Environmental Testing Labs

·        F&B and Agriculture

·        Petrochemical Refineries & Oil and Gas Industry

·        Other Industries

Some of the major key players are as follows: Abbott Informatics, Agilent Technologies, Thermo Fisher Scientific, Inc., Core Informatics, ID Business Solutions Ltd., LabWare, LabVantage Solutions, Inc., LabLynx, Inc., McKesson Corporation, Waters Corporation, PerkinElmer Inc, and other players.

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