Laboratory Informatics Market Size, Share, Growth Analysis, By Product(Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES)), By Delivery Mode(On-premise, Web-hosted, Cloud-based), By Component(Software, Services), By End-use(Life Sciences, CROs, Chemical Industry, F&B), By Region - Industry Forecast 2024-2031

North America dominated the market, accounting for more than 40% of sales in 2021. The availability of infrastructure with high digital literacy is one of the primary reasons driving the growth of this regional industry. Policies encouraging the adoption of laboratory information systems are also important. Furthermore, rising healthcare costs, along with increasing demand to bend the cost curve, have resulted in greater adoption of LIMS in this region. Furthermore, the existence of well-established pharma businesses, as well as the growing need to restrict operating expenses involved in information management and analysis, are major factors driving regional market expansion.

Because of the growing number of CROs offering LIMS solutions in Asia Pacific, the market for laboratory informatics is likely to rise rapidly in the future years. To minimize the cost of LIMS support systems and increase operational efficiency, major players outsource LIMS to enterprises in this region. Developing economies like India and China are emerging as outsourcing hotspots. The incidence of cardiovascular and infectious disorders in India has also contributed significantly to the expansion of eClinical services. Over the projected period, this is expected to contribute to a rise in demand for laboratory informatics. India has the capacity to provide the necessary infrastructure for conducting clinical trials involving low-cost patient care and evidence-based management.