Global Laboratory Informatics Market was valued at USD 2.3 billion in 2019 which is expected to reach USD 4.2 billion by 2027 at a CAGR 7.8%.
Laboratory informatics is the application of information technology which is associated to data management tools, software, and platform of instruments. By using laboratory informatics scientific data that can be processed, captured, and interpreted for immediate use. Also, it is used to manage, storing, and sharing for supportive research and development activities.
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Increase in technological advancements in various genomics and heredity testing practices which is expected to boost the global laboratory informatics market growth. Furthermore, growing developments in cancer genomics studies will have the positive impact on global laboratory informatics market growth. Furthermore, rise in adoption of robotics and process automation is expected to propel the global laboratory informatics market growth. Also, increase in use of laboratory information management systems in hospital-based labs which are expected to fuel the global laboratory informatics market growth.
However, lack of integration standards and lack of trained professionals are the major restraining factor which is expected to hamper the global laboratory informatics market growth.
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Market Key Players
Various key players are discussed in this report such as Thermo Fisher Scientific, Tech Mahindra, PerkinElmer, Inc, LabVantage Solutions, Inc., LabWare,, Infosys, LabLynx, Inc., ID Business Solutions Ltd, Agilent Technologies, and CSols Inc.
Market Taxonomy
By Product
By Delivery Mode
By Component
By End Use
By Region
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