Laboratory Informatics Market Size, Share, Growth Analysis, By Type of Solution(Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Chromatography Data Systems (CDS), Electronic Data Capture and Clinical Data Management Systems (EDC/CDMS)), By Component(Software, Services, and Support), By Deployment Mode(On-premise Deployment Model, and Cloud-Based Deployment Model), By Industry(Life Science Industries, Food & Beverage and Agriculture Industries, Petrochemical and Oil & Gas Industries, Chemical Industries), By Region - Industry Forecast 2024-2031

The level of merger & acquisition in the industry is moderate. There is a surge in the acquisition of small and medium players in the market by major players with an aim to strengthen their capabilities, diversify product portfolios and enhance its competency. The impact of regulations on the market is high. Generally, the convergence of technological advent, stringent regulatory requirements, and commercial pressures has led to the massive generation of data from different facets, such as the development of new products, quality assurance, and manufacturing. The data management processes and conventional documents in such stringent environments, such as the life sciences industry, which is subject to strict regulation, are facing challenges due to these pressures. The level of regional expansion in the industry is moderate. There is a heightened demand for laboratory informatics solutions in emerging markets. 

Laboratory Informatics Market Top Player’s Company Profiles

• Abbott (US) 
• Agilent Technologies, Inc. (US) 
• IDBS (UK) 
• LabLynx, Inc. (US) 
• LabVantage Solutions, Inc. (US) 
• LabWare (US) 
• McKesson Corporation (US) 
• PerkinElmer, Inc. (US) 
• Thermo Fisher Scientific (US) 
• Waters Corporation (US) 
• Starlims Corporation (US) 
• Dassault Systèmes (France) 
• Revvity (US) 
• Accelerated Technology Laboratories, Inc. (US) 
• LabWorks (US) 
• Xybion Digital Inc. (US) 
• Novatek International (Canada) 
• Agaram Technologies Pvt. Ltd. (India) 
• Siemens (Germany) 
• Caliber Technologies (India)

Laboratory Informatics Market Recent Development

• In February 2024, LabVantage Solutions, Inc., a supplier of laboratory informatics solutions, provides its sophisticated analytics, semantic search, and purpose-built LIMS solutions through an integrated, digitally native ecosystemdesigned to support the R&D laboratory processes more efficiently, productively, decisional, & collaborative, and with a lower operational expenditure. 
• In November 2023, Flagship Pioneering, a bioplatform innovation firm, was announced to partner with Thermo Fisher Scientific Inc. The indicative purpose of this strategic collaboration is to enable rapid platform development and expansion for the benefit of the customers; incorporate development of new platform companies carrying new adventurous biotech tools & capabilities; and further develop their existing supply relationship across life science tools, diagnostics, & services. 
• In October 2022, LabVantage Solutions acquired Biomax Informatics to catalyze scientific discovery & product innovation and to enhance the premium level of the offered services. The organization serves the life sciences, healthcare, and information technologies domains.