European Laboratory Informatics Market

European Laboratory Informatics Market Size, Share, Growth Analysis, By Product(Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management System (CDMS)), By Mode of delivery (On-premise solutions, cloud-based solutions, and web-based solutions), By Component(Services, and software), By End-user(Chemical testing laboratories, life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries), By Region - Industry Forecast 2024-2031


Report ID: SQMIR35G2276 | Region: Regional | Published Date: February, 2024
Pages: 242 |Tables: 121 |Figures: 72

European Laboratory Informatics Market Insights

European Laboratory Informatics Market size was valued at USD 968.5 million in 2019 and is poised to grow from USD 1101.08 million in 2023 to USD 1252.12 million by 2031, growing at a CAGR of 13.59% during the forecast period (2024-2031)

The requirement for laboratory automation is expected to grow during the forecast period, stimulating the adoption of the product because of the technological advancements in molecular genomics and genetic testing practises. The amount of data generated by laboratories has increased dramatically over the last few years. Furthermore, the trend towards personalised medicine, cancer genomics research, and increased patient engagement requirements is projected to drive up demand for lab automation systems. Increasing laboratory automation and digitalization of laboratory data, significant research and development activities, the requirement for efficient and scalable management in various application industries, technological advancements in laboratory solutions, and increasing regulatory compliance pressure are driving growth of European laboratory informatics market throughout the forecast period. However, a scarcity of qualified workers, data integration issues, and security concerns may suppress market growth to some extent.

European Laboratory Informatics Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 968.5 million

Largest Segment

On-premise solution

Fastest Growth

On-premise solution

Growth Rate

13.59% CAGR

Global European Laboratory Informatics Market($Mn)
Country Share for Europe Region (%)

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European Laboratory Informatics Market Segmental Analysis

European laboratory informatics market is segmented based on the product, mode of delivery, component, and end-user. Based on product, the European Laboratory Informatics Market is segmented into Laboratory 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), Scientific Data Management System (SDMS). Based on mode of delivery, the European Laboratory Informatics Market is segmented into on-premise solutions, cloud-based solutions, and web-based solutions. On the basis of component, the European Laboratory Informatics Market is bifurcated into services, and software. On the basis of end-user, the European Laboratory Informatics Market is bifurcated as chemical testing laboratories, life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries.

European Laboratory Informatics Market Analysis by Product

Based on product, European laboratory informatics market is segmented into Laboratory 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), Scientific Data Management System (SDMS). LIMS is anticipated to register largest share as well as fastest growth during the forecast period. LIMS solutions are commonly used because they cover a broad range of scientific needs by providing an appropriate environment that is simple at using across multiple disciplines. Furthermore, LIMS assist laboratories in reducing manual efforts, labour costs, error costs, and throughput time; providing paperless information management and effective data analytics; improving data traceability, accessibility, security, and sharing; streamlining processes; enhancing quality management; ensuring regulatory compliance; and providing better control of all business processes and decision support.

European Laboratory Informatics Market Analysis by Mode of Delivery

Based on mode of delivery, European laboratory informatics market is segmented into on-premise solutions, cloud-based solutions, and web-based solutions. On-premise informatics is the market leader because it is the most widely used mode of software delivery and offers greater customization, total possession and authority, and safety. However, due to factors like no upfront capital investment for hardware, excessive storage flexibility and scalability, real-time accessibility from anywhere, and pay-as-you-go pricing aspects, the cloud-based informatics segment is expected to grow at the fastest CAGR during the forecast period.

Global European Laboratory Informatics market size by Mode of delivery, 2019 (%)

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European Laboratory Informatics Market Regional Insights

Laboratory automation is growing rapidly in the European region, that includes variety of pharmaceutical and biotechnology industries that rely on laboratory informatics systems for end-product manufacturing and research and development. Among others, Germany holds the major share of the market, owing to significant R&D activities in the country, increasing automatization of laboratory systems, increased government support for research activities, growth in biobanks and biorepositories, wide access of laboratory informatics products and services, and stringent regulations across industries.

Global European Laboratory Informatics Market Size By Geography, 2024-2031
  • Largest
  • Fastest

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European Laboratory Informatics Market Dynamics

European Laboratory Informatics Market Driver

  • Laboratory automation effectively addresses the issues of a lack of laboratory specialists and methods to reduce manual involvement in lab operations. By using specialized workstations and instrument-programming software to automate routine lab procedures, lab efficiency is improved and individual researchers are free to focus on important tasks. Automation produces high-quality data, which also results in better documentation. The availability of supervisory standards and stringent regulatory requirements for error-free results facilitate the development of standardized systems with reproducible results. The demand for efficient methods of data processing, sharing, and storage has grown as a result of the lab equipment's prodigious data production.

European Laboratory Informatics Market Restraint 

  • However, a shortage of knowledgeable practitioners and maintenance requirements and service costs related to laboratory informatics systems are the critical contributors impeding market growth during the forecast timeline.

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European Laboratory Informatics Market Competitive Landscape

European laboratory informatics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D.

European Laboratory Informatics Market Top Player's Company Profiles  

  • Abbott Informatics
  • Bio-ITech BV (eLabJournal)
  • Biomed Systems Limited
  • Bytewize AB, Dassault Systemes SE
  • GenoLogics, Inc. (Illumina, Inc.)
  • Lablynx, Inc.
  • LabVantage Solutions, Inc.
  • Novatek International
  • PerkinElmer, Inc.
  • Waters Corporation
  • RURO, Inc.
  • Thermo Fisher Scientific Inc.

European Laboratory Informatics Market Recent Developments

  • In October 2022, Sampled a next-generation laboratory launched new informatics platform, SampledSphere, which is offering a 360-degree view of sample data.
  • In October 2022, Royal Philips, a global leader in health technology launched ClarifEye in Japan for helping to bring the patient benefits of minimally-invasive spine surgery to Japan’s aging population.

European Laboratory Informatics Key Market Trends

  • Increasing prevalence of powerful IT systems in diagnostic and medical laboratories, coupled with the technological advancements in LIMS, and rising substitute of old legacy LIMS with COTS LIMS is becoming beneficial for the market to grow significantly throughout the analysis period.

European Laboratory Informatics Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.

According to our European laboratory informatics market analysis, some relatively large organizations that are involved in enhancing sophisticated and advanced laboratory information technology to generate higher market share will dominate the market over the forecast period. However, the expenditures related with training and implementation of IT systems is hindering the market growth, i.e., it is a big issue for the small & medium scale laboratories to invest in the systems.

Report Metric Details
Market size value in 2019 USD 968.5 million
Market size value in 2031 USD 1252.12 million
Growth Rate 13.59%
Base year 2023
Forecast period 2024-2031
Forecast Unit (Value) USD Million
Segments covered
  • Product
    • Laboratory 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), Scientific Data Management System (SDMS)
  • Mode of delivery 
    • On-premise solutions, cloud-based solutions, and web-based solutions
  • Component
    • Services, and software
  • End-user
    • Chemical testing laboratories, life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Abbott Informatics
  • Bio-ITech BV (eLabJournal)
  • Biomed Systems Limited
  • Bytewize AB, Dassault Systemes SE
  • GenoLogics, Inc. (Illumina, Inc.)
  • Lablynx, Inc.
  • LabVantage Solutions, Inc.
  • Novatek International
  • PerkinElmer, Inc.
  • Waters Corporation
  • RURO, Inc.
  • Thermo Fisher Scientific Inc.
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on European Laboratory Informatics Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on European Laboratory Informatics Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the European Laboratory Informatics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the European Laboratory Informatics Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the European Laboratory Informatics Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the European Laboratory Informatics Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

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FAQs

European Laboratory Informatics Market size was valued at USD 968.5 million in 2019 and is poised to grow from USD 1101.08 million in 2023 to USD 1252.12 million by 2031, growing at a CAGR of 13.59% during the forecast period (2024-2031)

European laboratory informatics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Abbott Informatics', 'Agilent Technologies, Inc.', 'Bio-ITech BV (eLabJournal)', 'Biomed Systems Limited', 'LabWare Inc.', 'Broughton Software Limited', 'Bytewize AB, Dassault Systemes SE', 'GenoLogics, Inc. (Illumina, Inc.)', 'Lablynx, Inc.', 'LabVantage Solutions, Inc.', 'Novatek International', 'PerkinElmer, Inc.', 'Waters Corporation', 'RURO, Inc.', 'Thermo Fisher Scientific Inc.'

Laboratory automation effectively addresses the issues of a lack of laboratory specialists and methods to reduce manual involvement in lab operations. By using specialized workstations and instrument-programming software to automate routine lab procedures, lab efficiency is improved and individual researchers are free to focus on important tasks. Automation produces high-quality data, which also results in better documentation. The availability of supervisory standards and stringent regulatory requirements for error-free results facilitate the development of standardized systems with reproducible results. The demand for efficient methods of data processing, sharing, and storage has grown as a result of the lab equipment's prodigious data production.

Increasing prevalence of powerful IT systems in diagnostic and medical laboratories, coupled with the technological advancements in LIMS, and rising substitute of old legacy LIMS with COTS LIMS is becoming beneficial for the market to grow significantly throughout the analysis period.

Laboratory automation is growing rapidly in the European region, that includes variety of pharmaceutical and biotechnology industries that rely on laboratory informatics systems for end-product manufacturing and research and development. Among others, Germany holds the major share of the market, owing to significant R&D activities in the country, increasing automatization of laboratory systems, increased government support for research activities, growth in biobanks and biorepositories, wide access of laboratory informatics products and services, and stringent regulations across industries.

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