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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Market Drivers
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.

Market Restraints
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.

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
• Enterprise Content Management (ECM)
• Chromatography Data Systems (CDS)
• Electronic Data Capture (EDC) & Clinical Data Management Systems
• Laboratory Execution Systems (LES)
• Scientific Data Management System
• Electronic Lab Notebooks
• Laboratory Information Management Systems
By Delivery Mode
• On-premise
• Cloud based
By Component
• Software
• Services
By End Use
• Petrochemical Refineries & Oil and Gas Industry
• Environmental Testing Laboratories
• Food and Beverage and Agriculture Industries
• Chemical Industry
• CROs
• Life Sciences
By Region
• North America
• Latin America
• Asia Pacific
• Europe
• Middle East & Africa

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