PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1672735
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1672735
Global Laboratory Informatics Market is estimated to be valued at USD 4.07 Bn in 2025 and is expected to reach USD 7.26 Bn by 2032, growing at a compound annual growth rate (CAGR) of 8.6% from 2025 to 2032.
Report Coverage | Report Details | ||
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Base Year: | 2024 | Market Size in 2025: | USD 4.07 Bn |
Historical Data for: | 2020 To 2024 | Forecast Period: | 2025 To 2032 |
Forecast Period 2025 to 2032 CAGR: | 8.60% | 2032 Value Projection: | USD 7.26 Bn |
Laboratory informatics is an innovative field that leverages information technology to manage data, processes, and automation capabilities within scientific laboratories and research facilities. It enables digitization, integration and analysis of complex data sets generated through analytical instruments, research databases and software tools. Laboratory informatics solutions help to streamline laboratory workflows, enhance data accessibility and sharing, foster collaboration and reduce costs. Adoption of these systems allows life sciences and healthcare organizations to achieve higher productivity, efficiency and compliance while deriving critical insights from their research activities.
Global laboratory informatics market growth is primarily driven by growing need for laboratory automation and data management capabilities among industries like pharma, biotech and healthcare. Large volumes of data is being generated on a daily basis through analytical equipment like HPLC, GC and mass spec analyzers. However, siloed data storage and lack of integration makes analysis difficult. Laboratory informatics addresses these challenges by providing centralized data repositories, LIMS, ELN and SDMS that securely store data and link instruments/analyzers to digital records. However, high upfront investments can hamper the market growth. Integrating artificial intelligence, predictive analysis, cloud and mobile capabilities within these systems to accelerate scientific discoveries can offer market growth opportunities.
Detailed Segmentation-