Laboratory informatics is elucidated as the specialized application of information technology to enhance and expand laboratory operations with instruments, software, and data management tools. This enables scientific data to be recorded, migrated, processed, and elucidated for instant use and stored, managed, and shared to assist in upcoming research and development and in-lab testing efforts while improving the efficacy of laboratory operations.With the increasing load of work, cost restraints, and advancements in technologies, the nature of pathology is rapidly shifting, driving the market growth. Further, the rising deployment of laboratory information management systems in assisting hospital-based laboratories in eliminating diagnostic errors and managing huge volumes of data is predicted to drive market growth.On the contrary, the high costs incurred in maintenance and services are likely to limit the market growth. The Laboratory Informatics Market is estimated to grow at the rate of 7.4% CAGR by 2026.
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Laboratory Informatics Market by Product
Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Scientific Data Management Systems (SDMS)
Laboratory Execution Systems (LES)
Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
Chromatography Data Systems (CDS)
Enterprise Content Management (ECM)
Laboratory Informatics Market by Delivery Mode
Laboratory Informatics Market by Component
Laboratory Informatics Market by End-use
Food and Beverage and Agriculture Industries
Environmental Testing Laboratories
Petrochemical Refineries & Oil and Gas Industry
Laboratory Informatics Market by Geography
Rest of the World
In the Product segment, LIMS has a significant share in the market growth. To reduce data management errors and enhance the quality analysis of research information, the LIMS solution is mainly adopted in the life sciences and research industry. These factors are expected to augment the growth of the segment.
Cloud-based delivery mode assists in storing a huge volume of data remotely to facilitate free space on devices and allows data retrieval as per the customer’s requirement. Therefore, the cloud-based delivery mode is having a significant share in the laboratory informatics market.
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