European Laboratory Informatics Market Size, Share, Growth Analysis, By Product(Laboratory Information Management System (LIMS), Electronic Lab Notebook (ELN), Chromatography Data Systems (CDS), Electronic Data Capture (EDC) & Clinical Data Management System (CDMS)), By Mode of delivery (On-premise solutions, cloud-based solutions, and web-based solutions), By Component(Services, and software), By End-user(Chemical testing laboratories, life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries), By Region - Industry Forecast 2024-2031

European Laboratory Informatics Market size was valued at USD 968.5 million in 2019 and is poised to grow from USD 1101.08 million in 2023 to USD 1252.12 million by 2031, growing at a CAGR of 13.59% during the forecast period (2024-2031)

The requirement for laboratory automation is expected to grow during the forecast period, stimulating the adoption of the product because of the technological advancements in molecular genomics and genetic testing practises. The amount of data generated by laboratories has increased dramatically over the last few years. Furthermore, the trend towards personalised medicine, cancer genomics research, and increased patient engagement requirements is projected to drive up demand for lab automation systems. Increasing laboratory automation and digitalization of laboratory data, significant research and development activities, the requirement for efficient and scalable management in various application industries, technological advancements in laboratory solutions, and increasing regulatory compliance pressure are driving growth of European laboratory informatics market throughout the forecast period. However, a scarcity of qualified workers, data integration issues, and security concerns may suppress market growth to some extent.

European Laboratory Informatics Market is poised to grow at a sustainable CAGR for the next forecast year.