USD 1.24 billion
North America Laboratory Informatics Market Size, Share, Growth Analysis, By Product(Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN)), By Mode of delivery (On-premise solutions, cloud-based solutions), By Component(Services, and software), By End-user(Chemical testing laboratories, life sciences industry) - Industry Forecast 2023-2030
Report ID:
SQMIG35G2115 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
121 |
Figures:
72
North America Laboratory Informatics Market Insights
North America Laboratory Informatics Market was valued at USD 1.24 billion in 2022 and is expected to rise from USD 1.28 billion in 2023 to reach a value of USD 1.69 billion by 2031, at a CAGR of 3.50% during the forecast period (2024–2031).
North American research laboratories and organisations are increasingly revamping their strategy and leveraging laboratory informatics solutions for capturing, tracking, managing, and sharing research and manufacturing data. Furthermore, scientific innovations in genomics, proteomics, and personalized treatment are raising the requirement for reliable data management. Laboratory informatics solutions assist researchers and scientists in gathering, storing, retrieving, monitoring, searching, sharing, reporting, and collaborating their work in a seamless manner, saving time and simplifying work procedures, resulting in propelling the growth of the market during the forecast period.
The Coronavirus outbreak has heightened awareness of the healthcare industry. During this pandemic, critical medical supply constraints have significantly affected the market. Government policies such as stay-at-home orders, social distancing norms, physical restrictions, and disruptions in supply chains have created a logistical problem for businesses, resulting in shortages of on-premise product delivery in the marketplace.
North America Laboratory Informatics Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
On-premise Solutions
Fastest Growth
Cloud-based Solutions
Growth Rate
3.50% CAGR
North America Laboratory Informatics Market ($ Bn)
Country Share for North America Region (%)
North America Laboratory Informatics Market Size By Mode of Delivery ($ Bn)
North America Laboratory Informatics Market Size By Mode of Delivery (%)
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North America Laboratory Informatics Market Segmental Analysis
North America laboratory informatics market is segmented based on product, mode of delivery, component, end-user, and region. Based on product, the North America 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), and Scientific Data Management System (SDMS). With respect to segmentation by mode of delivery, the North America Laboratory Informatics Market is segmented into on-premise solutions, cloud-based solutions, and web-based solutions. On the basis of components, the North America Laboratory Informatics Market is bifurcated into services, and software. By end-user, the North America Laboratory Informatics Market is split into chemical testing laboratories, life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries. Regionwise, North America Laboratory Informatics Market is categorized into U.S., Canada, and others.
North America Laboratory Informatics Market Analysis by Product
Based on product, the North America 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 predicted to hold the largest share, and consequently it will also grow with the fastest growth rate during the analysis period. The LIMS solutions are extensively used because they fulfil a broad range of scientific requirements by providing an appropriate environment that is easy to use across multiple disciplines. Furthermore, LIMS assist laboratories in reducing manual efforts, labour costs, error costs, and throughput time; providing digitized information management and effective data analytics; improving data traceability, accessibility, security, and sharing; streamlining processes; enhancing quality management; adhering to regulatory requirements, and providing better control of all business operations and decision support.
North America Laboratory Informatics Market Analysis by Mode of Delivery
Based on mode of delivery, the market is segmented into on-premise solutions, cloud-based solutions, and web-based solutions. The on-premise informatics segment holds a major share because it is the most widely used mode of software delivery and offers greater customization, complete ownership and authority, and security. However, due to some factors including no upfront capital investment for hardware, excessive storage flexibility and scalability, real-time accessibility from anywhere, and pay-as-you-go pricing features, the cloud-based informatics segment is expected to grow at the fastest CAGR throughout the forecast period.
North America Laboratory Informatics Market By Mode of Delivery (%), 2023 (%)
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North America Laboratory Informatics Market Regional Insights
The United States dominated the North American laboratory informatics market in 2023 and is likely to continue dominance during the forecast period as well. This is, attributed to the prevalence of advanced laboratory infrastructure, continued growth for laboratory system integration, rapidly increasing digitalization, surging government funding for research work, widespread accessibility of laboratory informatics products and services, robust regulatory requirements across industries, and the availability of several important companies in this region enhancing availability of products and support. Increasing laboratory infrastructure and automation in the country is modifying laboratory workflow and allowing for greater penetration of technologies and workflows in R&D labs, food & beverage industries, CROs & CMOs, and other sectors.
North America Laboratory Informatics Market By Geography, 2024-2031
- Largest
- Fastest
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North America Laboratory Informatics Market Dynamics
North America Laboratory Informatics Market Driver
Increase in Investments on R&D to Augment Growth
- Increased R&D efforts aid in the development of new drugs. As a result, the demand for effective lab and data management grows. An increasing number of R&D firms are shifting away from traditional old systems towards the digital laboratory solutions owing to the fact that laboratory informatics solutions empower researchers to capture the experiment process, relevant data, and conclusion of the research, while also supporting a searchable repository of experimental data that researchers can access for active engagement. Furthermore, academic research is a significant and necessary component of the entire R&D environment in the United States, accounting for nearly 60% of all basic research. The life sciences field is the most prevalent application of academic research, accounting for over 56% of all academic R&D funding. As a result, significant budget allocation and academic research centred on life sciences applications help in providing growth momentum for the North American laboratory informatics market.
North America Laboratory Informatics Market Restraint
High Cost of Laboratory Service and Maintenance to Hamper Growth
- One of the major factors impeding the expansion of this market is the high service and maintenance expenses related with laboratory informatics solutions. Service and maintenance are recurring costs that constitute nearly 20-30% of full ownership costs. Furthermore, training and implementation costs account for approximately 15% of the total cost. As a result of these factors, many small and medium-sized laboratories have issues regarding investment in these systems, limiting their user acceptance. However, with the rise of cloud-based services, the impact of this constraint is expected to diminish in the coming years.
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North America Laboratory Informatics Market Competitive Landscape
The North America laboratory informatics market is highly competitive in nature. To maintain a competitive edge, the major industry participants are implementing various growth strategies. Innovations, mergers, and 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.
North America Laboratory Informatics Market Top Player's Company Profiles
- Arxspan, LLC
- Autoscribe Informatics
- LabWare, Inc
- Dassault Systemes SE
- LabVantage Solutions, Inc.
- Novatek International
- PerkinElmer, Inc.
- Promium LLC
- RURO, Inc.
- Sapio Sciences LLC
- Thermo Fisher Scientific Inc.
- Waters Corporation
North America Laboratory Informatics Market Recent Developments
- In January 2024, MLS Launched Innovation Lab Startup Accelerator Program. Having utilized MLS Next Pro, its second division, as a testing ground for further innovation and trial and error regarding on-field rules and regulations, fan engagement and broadcast technology, MLS is creating a standardized program for startups and advanced technologies to showcase and test their products throughout the entire MLS ecosystem with the launch of MLS Innovation Lab.
- In September 2021, PerkinElmer completed the acquisition of BioLegend.
- In August 2021, Abbott Informatics launched STARLIMS Laboratory Execution System v1.1, which is built on the latest STARLIMS Quality Manufacturing QM 12.2.
North America Laboratory Informatics Key Market Trends
- Software solutions are now more user-friendly, data is migrating to the cloud, and indeed the number of laboratory informatics start-ups is also expanding. For laboratory informatics software, the cloud is becoming commonplace. Providers of informatics currently developing a cloud and SaaS strategy. Furthermore, the number of research laboratories that are utilising cloud, mobile, and voice technologies is growing over time, which is increasing demand for lab automation solutions.
North America Laboratory Informatics Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our North America laboratory informatics market analysis, the North America-based laboratory informatics market is growing due to the high volume of WHO-recommended COVID-19 tests, healthcare laboratory informatics solutions were executed. Similarly, health‐care laboratory informatics market participants are rapidly incorporating AI and data analytics to undertake additional research on the various virus strains. But, the lack of integration standards and interoperability issues are expected to limit market growth to some extent.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.24 billion |
| Market size value in 2031 | USD 1.69 billion |
| Growth Rate | 3.50% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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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 North America 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
- Exhibit: Impact analysis of DROC, 2021
- 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 North America 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
- Exhibit: Impact analysis of DROC, 2021
- 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
- Competitive rivalry
- 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(%)
- Total number of companies covered
Methodology
For the North America 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 North America 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 North America Laboratory Informatics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America 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.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
North America Laboratory Informatics Market Report Snapshots
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