North America 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

North America Laboratory Informatics Market was valued at USD 1.24 billion in 2022 and is expected to rise from USD 1.28 billion in 2023 to reach a value of USD 1.69 billion by 2031, at a CAGR of 3.50% during the forecast period (2024–2031).

North American research laboratories and organisations are increasingly revamping their strategy and leveraging laboratory informatics solutions for capturing, tracking, managing, and sharing research and manufacturing data. Furthermore, scientific innovations in genomics, proteomics, and personalized treatment are raising the requirement for reliable data management. Laboratory informatics solutions assist researchers and scientists in gathering, storing, retrieving, monitoring, searching, sharing, reporting, and collaborating their work in a seamless manner, saving time and simplifying work procedures, resulting in propelling the growth of the market during the forecast period.

The Coronavirus outbreak has heightened awareness of the healthcare industry. During this pandemic, critical medical supply constraints have significantly affected the market. Government policies such as stay-at-home orders, social distancing norms, physical restrictions, and disruptions in supply chains have created a logistical problem for businesses, resulting in shortages of on-premise product delivery in the marketplace.

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