PUBLISHER: SkyQuest | PRODUCT CODE: 1647413
PUBLISHER: SkyQuest | PRODUCT CODE: 1647413
European Laboratory Informatics Market size was valued at USD 1.3 billion in 2023 and is poised to grow from USD 1.48 billion in 2024 to USD 4.1 billion by 2032, growing at a CAGR of 13.6% during the forecast period (2025-2032).
The market for laboratory automation is set to expand significantly through the forecast period, spurred by advancements in molecular genomics and genetic testing methodologies. The surge in data generated by laboratories in recent years, coupled with trends toward personalized medicine, cancer genomics, and heightened patient engagement, is anticipated to increase demand for automation systems. Key growth drivers include the ongoing digitalization of laboratory data, increased research and development efforts, and the necessity for efficient management across various applications. While the European laboratory informatics market will benefit from these trends, challenges such as a shortage of skilled professionals, data integration hurdles, and security concerns may hinder growth to a degree.
Top-down and bottom-up approaches were used to estimate and validate the size of the European Laboratory Informatics market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
European Laboratory Informatics Market Segments Analysis
European Laboratory Informatics Market is segmented by Product, Mode of delivery, Component, End-user and Country. Based on Product, the market is segmented intoLaboratory Information Management System(LIMS), Electronic Lab Notebook (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management System (CDMS), Laboratory Execution System (LES), Enterprise Content Management (ECM) and Scientific Data Management System (SDMS). Based on Mode of delivery, the market is segmented into On-premise solutions, cloud-based solutions and web-based solutions. Based on Component, the market is segmented into Services, and software. Based on End-user, the market is segmented into Chemical testing laboratories, life sciences industry, food & beverage and agriculture industries and petrochemical and oil & gas industries. Based on Country, the market is segmented into Germany, Spain, France, UK, Italy, and Rest of Europe.
Driver of the European Laboratory Informatics Market
The European Laboratory Informatics market is primarily driven by the increasing need for laboratory automation to combat the challenges posed by a shortage of skilled laboratory personnel. By integrating specialized workstations and instrument-programming software, laboratories can automate routine procedures, thereby enhancing efficiency and allowing researchers to concentrate on more critical tasks. This shift towards automation not only yields high-quality data but also improves documentation processes. The rising implementation of supervisory standards and stringent regulatory demands for accurate results further stimulates the development of standardized systems that ensure reproducibility. Additionally, the significant volume of data generated by laboratory equipment has heightened the demand for effective data processing, sharing, and storage solutions.
Restraints in the European Laboratory Informatics Market
The European Laboratory Informatics market faces significant constraints primarily due to the scarcity of skilled professionals capable of effectively utilizing these systems. Additionally, the high maintenance demands and service expenses associated with laboratory informatics solutions serve as considerable deterrents to market expansion within the projected period. These factors hinder the adoption and implementation of advanced laboratory informatics technologies, as organizations struggle to find qualified personnel while also grappling with the financial implications tied to maintaining and servicing these complex systems. Consequently, these challenges pose obstacles to the overall growth and development of the market.
Market Trends of the European Laboratory Informatics Market
The European Laboratory Informatics market is experiencing a significant upward trend, driven by the widespread adoption of advanced IT systems in diagnostic and medical laboratories. The technological evolution of Laboratory Information Management Systems (LIMS) continues to enhance operational efficiencies, leading to a growing preference for Commercial Off-The-Shelf (COTS) LIMS solutions over outdated legacy systems. Additionally, the integration of automated workflows, real-time data access, and better compliance features is propelling this shift. As laboratories prioritize modernization to improve productivity and accuracy, the market is poised for robust growth throughout the forecast period, reflecting a clear commitment to leveraging technology in scientific research and diagnostics.