U.S. Laboratory Informatics Market Size, Share & Trends Analysis Report By Product (LIMS, ELN), By Delivery Mode (Cloud-based, On-premise), By Component (Software, Service), By End-use, And Segment- Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2023-2032

The U.S. laboratory informatics market size was estimated at USD 1.85 billion in 2022 and is expected to surpass around USD 2.63 billion by 2032 and poised to grow at a compound annual growth rate (CAGR) of 3.6% during the forecast period 2023 to 2032.

Key Takeaways:

  • The LIMS segment accounted for the largest revenue share of more than 45.0% in 2022
  • The cloud-based solutions segment accounted for the largest revenue share of more than 40.00% in 2022
  • The life sciences end-use segment accounted for the largest share of more than 26.0% in 2022.
  • The CROs segment is expected to dominate the market, in terms of growth rate. The segment is estimated to register the fastest CAGR of 4.2% from 2023 to 2032.

U.S. Laboratory Informatics Market Report Scope

Report Attribute Details
Market Size in 2023 USD 1.92 Billion
Market Size by 2032 USD 2.63 Billion
Growth Rate From 2023 to 2032 CAGR of 3.6%
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product, Delivery mode, Component, End-use 
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Key Companies Profiled Thermo Fisher Scientific, Inc.; Waters; LabWare; Core Informatics; LabVantage Solutions, Inc.; LabLynx, Inc.; PerkinElmer Inc.; Abbott; Agilent Technologies, Inc.; IDBS

 

The growing demand for laboratory automation is expected to boost the adoption of laboratory information systems in the future. Surging demand for scientific data integration solutions among end-use industries including life sciences, Contract Research Organizations (CROs), food & beverage, and chemicals is projected to boost the market growth. The increasing need for clinical workflow management in laboratories to improve operational efficiency is likely to propel the market in the coming years.

Furthermore, the rising adoption of Laboratory Information Management Systems (LIMS) among independent and hospital-based labs to reduce the incidence of diagnostic errors and manage high data volumes is one of the key factors stirring up the adoption of laboratory informatics

in the U.S. The COVID-19 pandemic affected the market as it has enforced the government and agencies to develop and introduce the COVID-19 vaccine to control the severity in cases. In addition, high volumes of WHO-recommended COVID-19 tests encouraged the implementation of healthcare laboratory informatics solutions. Likewise, numerous healthcare laboratory informatics market players are quickly incorporating Artificial Intelligence (AI) and data analytics to conduct further research on the different virus strains.

Significant adoption of LIMS has been seen since the COVID-19 pandemic onset, allowing healthcare professionals to focus on drug and vaccine development by smoothening data collection procedures. Key players in the laboratory information systems are collaborating with public and private sector groups to employ advanced technologies for executing COVID-19-testing capabilities. In addition, laboratory information systems offer benefits, such as improved regulatory compliance, systems process optimization, intellectual property rights protection, paperless information management, and reduced throughput time.

They also offer improved information quality, reduce the labor cost, and provide faster & effective data analytics. Owing to the associated benefits, these systems are being increasingly used by CROs, biobanks, and academic research institutes. Furthermore, the growing adoption of wireless technologies in laboratories to allow remote access to information is estimated to fuel growth prospects. In addition, advancements in laboratory equipment help in replacing manual data evaluation methods, including the construction of calibration curves, and measuring peak areas or height in a shorter time than traditional methods. For instance, the Autosampler robotic system helps in sample preparation, which eliminates errors and saves cost & time on process execution.

Product Insights

On the basis of products, the market has been further divided into LIMS, Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), and Enterprise Content Management (ECM). The LIMS segment accounted for the largest revenue share of more than 45.0% in 2022 and is expected to witness lucrative growth over the forecast period. The growth of the segment can be attributed to the growing demand for integrated LIMS platforms in accordance with the requirements of life sciences and research companies to reduce the incidence of errors in data management and improve analysis.

The segment will continue to lead the market even during the forecast years. Electronic Lab Notebooks (ELN) accounted for the second-largest share of the global market and is poised to exhibit steady growth due to increasing adoption by research organizations to process unstructured information, enable easy knowledge sharing, and ensure intellectual property protection. The rising penetration of mobile devices is further boosting the popularity of ELNs. Enterprise Content Management (ECM) is anticipated to exhibit noteworthy growth over the forecast period. This can be attributed to advantages offered by ECM, such as cost reduction, process automation, reduction of resource bottlenecks, effective content sharing, minimization of the number of lost documents, and better risk management.

Delivery Mode Insights

On the basis of modes of delivery, the market has been further categorized into on-premise, web-hosted, and cloud-based. The cloud-based solutions segment accounted for the largest revenue share of more than 40.00% in 2022 and is projected to grow at fastest rate over the forecast period. It provides remote access to data and reduces efforts associated with the retrieval of information. As the data is stored remotely on the cloud, hardware failures do not result in data loss because of networked backups. Companies using cloud-based solutions do not require external servers and equipment, thereby reducing the cost.

Remote access to data and real-time data tracking are some of the other associated advantages that are expected to contribute to the growth of the segment. On-premise solutions offer users complete control over data, hardware, and software platforms. However, the market for on-premise delivery mode is projected to expand at a relatively slower rate owing to disadvantages, such as the long duration of the implementation process and high set-up cost associated with various hardware. Increasing adoption of cloud computing solutions is likely to further slow down the growth of web-based & on-premise solutions over the forecast period.

Component Insights

On the basis of components, the market has been further segmented into services and software. The services segment dominated the market in 2022 and is projected to grow at fastest rate over the forecast period. It will be the most promising segment throughout the forecast period. Increased outsourcing of laboratory information management solutions is supplementing the growth of the segment. These services are outsourced by large pharmaceutical research labs due to the lack of resources and skill set required for the deployment of analytics.

The software segment is estimated to register healthy growth during the same period owing to the availability of technologically advanced software, such as SaaS, which offers effective information management solutions for laboratories. These software are capable of performing critical functions, such as data capture, transfer, interpretation, analysis, and storage. Upgraded versions of these software are required to effectively perform the aforementioned functions. Owing to the improved efforts of clinicians and researchers for the advancement of lab operations and the growing number of samples in the labs, the demand for software is growing, which is contributing to the segment growth.

End-use Insights

On the basis of end-use, the market has been further divided into life sciences, Contract Research Organizations (CROs), chemical industry, petrochemical refineries and oil & gas, food & beverages and agriculture, environmental testing labs, and others. The life sciences end-use segment accounted for the largest share of more than 26.0% in 2022. The CROs segment is expected to dominate the market, in terms of growth rate. The segment is estimated to register the fastest CAGR of 4.2% from 2023 to 2032. This growth can be attributed to the growing trend of outsourcing by life science companies. The rising number of clinical trials, growing need to reduce operational cost, and surging demand for novel drugs & devices are expected to create a shift from in-house manufacturing to outsourcing.

The growing adoption of LIMS by CROs to reduce total operational cost is likely to aid market growth. The life sciences companies segment is anticipated to account for the second-largest revenue share by 2032. This can be attributed to the growing demand for laboratory informatics to improve product quality, develop innovative products, and enhance operational efficiency. Increasing advancements in the healthcare industry due to rising R&D activities in the field of medicinal research are poised to fuel the demand for laboratory information systems in the coming years.

Key Companies & Market Share Insights

Among various firms operating in the market, Thermo Fischer Scientific Inc. along with its acquired entity Core Informatics are spending the most on research and development activities focused on new solution development and existing solutions up-gradation. Owing to the aforementioned activities, Thermo Fisher Scientific Inc. is projected to present the market with technologically advanced products over the forecast period. Moreover, companies, which are at the forefront, such as Abbott Laboratories and Agilent Technologies are other participants with significant revenue contributions towards laboratory informatics research and development.

In August 2021, Abbott Informatics released STARLIMS Laboratory Execution System v1.1. This is built on the latest STARLIMS Quality Manufacturing QM 12.2. Moreover, initiatives, such as a merger, acquisitions, product launches further support overall market growth. In September 2021, PerkinElmer completed the acquisition of BioLegend. Some of the prominent companies operating in the global U.S. laboratory informatics market are:

  • Thermo Fisher Scientific, Inc.
  • Waters
  • LabWare
  • Core Informatics
  • LabVantage Solutions, Inc.
  • LabLynx, Inc.
  • PerkinElmer Inc.
  • Abbott
  • Agilent Technologies, Inc.
  • IDBS

Segments Covered in the Report

This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the U.S. Laboratory Informatics market.

By  Product 

  • Laboratory Information Management Systems (LIMS)
  • Electronic Lab Notebooks (ELN)
  • Scientific Data Management Systems (SDMS)
  • Laboratory Execution Systems (LES)
  • Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
  • Chromatography Data Systems (CDS)
  • Enterprise Content Management (ECM)

By Delivery Mode 

  • On-Premise
  • Web-hosted
  • Cloud-based

By Component 

  • Software
  • Services

By End-use 

  • Life Sciences
    • Pharmaceutical and Biotechnology Companies
    • Biobanks/Biorepositories
    • Contract Services Organizations
    • Molecular Diagnostics & Clinical Research Laboratories
    • Academic Research Institutes
  • CROs
  • Petrochemical Refineries & Oil and Gas
  • Chemical Industry
  • Food and Beverages and Agriculture
  • Environmental Testing Labs
  • Other Industries

Frequently Asked Questions

The U.S. laboratory informatics market size was estimated at USD 1.85 billion in 2022 and is expected to surpass around USD 2.63 billion by 2032

Key factors that are driving the U.S. laboratory informatics market growth include Growing demand for laboratory automation, Surging demand for scientific data integration solutions among end-use industries including life sciences, contract research organizations, food & beverage, and chemical, Increasing need for clinical workflow management in laboratories to improve operational efficiency, rising adoption of laboratory information management systems (LIMS) among independent and hospital-based labs to reduce the incidence of diagnostic errors and manage high data volumes.

Some key players operating in the U.S. laboratory informatics market include Thermo Fisher Scientific, Inc.; Waters; LabWare; Core Informatics; LabVantage Solutions, Inc.; LabLynx, Inc.; PerkinElmer Inc.; Abbott Laboratories; Agilent Technologies; and IDBS.

Chapter 1 Research Methodology & Scope
                   1.1 U.S. Market Calculation
                       1.1.1 U.S. Market: Base Estimates
                       1.1.2 U.S. Market: CAGR Calculation
                   1.2 Country-based segment share calculation
                   1.3 List of Secondary Sources
Chapter 2 Executive Summary
                   2.1 Market Summary
Chapter 3 Market Variables, Trends& Scope
                   3.1 Market Segmentation & Scope
                   3.2 Market Driver Analysis
                       3.2.1 Increasing adoption of lab informatics by biobanks/biorepositories, academic research institutes, and contract service organizations
                       3.2.2 Increasing Burden from regulatory authorities
                       3.2.3 Introduction of technologically advanced software services
                       3.2.4 Rising demand for lab automation activities
                   3.3 Market Restraint Analysis
                       3.3.1 Lack of skilled professionals
                   3.4 Market Opportunity Analysis
                   3.5 Market Challenge Analysis
                   3.6 Penetration & Growth Prospect Mapping
                   3.7 User Perspective Analysis
                       3.7.1 Market Influencer Analysis
                   3.8 Technology Overview
                       3.8.1 Adoption Rate Of The Changing Technologies
                       3.8.2 Product-wise timeline with major technological changes over the last 5 years and coming 8 years
                           3.8.1.1 Laboratory Information Management Systems (LIMS)
                           3.8.1.2 Electronic Lab Notebooks (ELN)
                           3.8.1.3 Scientific Data Management Systems (SDMS)
                           3.8.1.4 Laboratory Execution Systems (LES)
                           3.8.1.5 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
                           3.8.1.6 Chromatography Data Systems (CDS)
                           3.8.1.7 Enterprise Content Management (ECM)
                   3.9 Regulatory Framework
                   3.10 U.S. Laboratory Informatics -SWOT Analysis, By Factor (political & legal, economic, and technological)
                   3.11 Industry Analysis - Porter’s
Chapter 4 U.S. Laboratory Informatics Market: Covid-19 Impact Analysis
                   4.1 COVID-19 Prevalence
                   4.2 COVID-19 Impact and Future Scenario
                   4.3 Regulatory changes due to COVID-19
                   4.4 Strategies Implemented by Companies
Chapter 5 U.S. Laboratory Informatics Market: Product Estimates & Trend Analysis
                   5.1 U.S. Laboratory Informatics Market: Product Movement Analysis
                   5.2 Laboratory Information Management Systems (LIMS)
                       5.2.1 LIMS market, 2020 - 2032
                   5.3 Electronic Lab Notebooks (ELN)
                       5.3.1 ELN market, 2020 - 2032
                   5.4 Scientific Data Management Systems (SDMS)
                       5.4.1 SDMS market, 2020 - 2032
                   5.5 Laboratory Execution Systems (LES)
                       5.5.1 LES market, 2020 - 2032
                   5.6 Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS)
                       5.6.1 EDC & CDMS market, 2020 - 2032
                   5.7 Chromatography Data Systems (CDS)
                       5.7.1 CDS market, 2020 - 2032
                   5.8 Enterprise Content Management (ECM)
                       5.8.1 ECM market, 2020 - 2032
Chapter 6 U.S. Laboratory Informatics Market: Delivery Mode Estimates & Trend Analysis
                   6.1 U.S. Laboratory Informatics Market: Delivery Mode Movement Analysis
                   6.2 On-premise
                       6.2.1 On-premise market, 2020 - 2032
                   6.3 Web-hosted
                       6.3.1 Web-hosted market, 2020 - 2032
                   6.4 Cloud-based
                       6.4.1 Cloud-based market, 2020 - 2032
Chapter 7 U.S. Laboratory Informatics Market: Component Estimates & Trend Analysis
                   7.1 U.S. Laboratory Informatics Market: Component Movement Analysis
                   7.2 Software
                       7.2.1 Software market, 2020 - 2032
                   7.3 Services
                       7.3.1 Services market, 2020 - 2032
Chapter 8 U.S. Laboratory Informatics Market: End-use Estimates & Trend Analysis
                   8.1 U.S. Laboratory Informatics Market: End-use Movement Analysis
                   8.2 Life Science Companies
                       8.2.1 Life science companies market, 2020 - 2032
                           8.2.1.1 Pharmaceutical and Biotechnology Companies
                               8.2.1.1.1 Pharmaceutical and Biotechnology Companies market estimates and forecasts, 2020 - 2032
                           8.2.1.2 Biobanks/Biorepositories
                               8.2.1.2.1 Biobanks/Biorepositories market estimates and forecasts, 2020 - 2032
                           8.2.1.3 Contract Services Organizations
                               8.2.1.3.1 Contract Services Organizations market estimates and forecasts, 2020 - 2032
                           8.2.1.4 Molecular Diagnostics & Clinical Research Laboratories
                               8.2.1.4.1 Molecular Diagnostics & Clinical Research Laboratories market estimates and forecasts, 2020 - 2032
                           8.2.1.5 Academic Research Institutes
                               8.2.1.5.1 Academic Research Institutes market estimates and forecasts, 2020 - 2032
                   8.3 CROs
                       8.3.1 CROs market, 2020 - 2032
                   8.4 Petrochemical Refineries & Oil and Gas Industry
                       8.4.1 Petrochemical refineries & oil and gas industry market, 2020 - 2032
                   8.5 Chemical Industry
                       8.5.1 Chemical industry market, 2020 - 2032
                   8.6 Food and Beverage& Agriculture Industries
                       8.6.1 Food and beverage &agriculture industries market, 2020 - 2032
                   8.7 Environmental Testing Laboratories
                       8.7.1 Environmental testing laboratories market, 2020 - 2032
                   8.8 Others
                       8.8.1 Others market, 2020 - 2032
Chapter 9 Competitive Landscape
                   9.1 Strategy Framework
                   9.2 Market Participation Categorization
                   9.3 Major Deals & Strategic Alliances Analysis
                   9.4 Company Profiles
                       9.4.1 Thermo Fisher Scientific Inc.
                           9.4.1.1 Company overview
                           9.4.1.2 Financial performance
                           9.4.1.3 Product benchmarking
                           9.4.1.4 Geographic foothold
                           9.4.1.5 Strategic initiatives
                       9.4.2 LabWare
                           9.4.2.1 Company overview
                           9.4.2.2 Product benchmarking
                           9.4.2.3 Geographical foothold
                           9.4.2.4 Strategic initiatives
                       9.4.3 Core Informatics
                           9.4.3.1 Company overview
                           9.4.3.2 Product benchmarking
                           9.4.3.3 Strategic initiatives
                       9.4.4 Abbott Laboratories
                           9.4.4.1 Company overview
                           9.4.4.2 Financial performance
                           9.4.4.3 Platform benchmarking
                           9.4.4.4 Geographic foothold
                           9.4.4.5 Strategic initiatives
                       9.4.5 LabVantage Solutions, Inc.
                           9.4.5.1 Company overview
                           9.4.5.2 Product benchmarking
                           9.4.5.3 Geographic foothold
                           9.4.5.4 Strategic initiatives
                       9.4.6 LabLynx, Inc.
                           9.4.6.1 Company overview
                           9.4.6.2 Financial performance
                           9.4.6.3 Product benchmarking
                           9.4.6.4 Strategic initiatives
                       9.4.7 PerkinElmer, Inc.
                           9.4.7.1 Company overview
                           9.4.7.2 Financial performance
                           9.4.7.3 Product benchmarking
                           9.4.7.4 Geographic foothold
                           9.4.7.5 Strategic initiatives
                       9.4.8 Waters
                           9.4.8.1 Company overview
                           9.4.8.2 Financial performance
                           9.4.8.3 Product benchmarking
                           9.4.8.4 Geographic foothold
                           9.4.8.5 Strategic initiatives
                       9.4.9 Agilent Technologies
                           9.4.9.1 Company overview
                           9.4.9.2 Financial Performance
                           9.4.9.3 Product benchmarking
                           9.4.9.4 Geographic foothold
                           9.4.9.5 Strategic initiatives
                       9.4.10 IDBS
                           9.4.10.1 Company overview
                           9.4.10.2 Financial Performance
                           9.4.10.3 Product benchmarking
                           9.4.10.4 Geographic foothold
                           9.4.10.5 Strategic initiatives
                   9.5 Detailed list of market players

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