European Laboratory Informatics Market to Surpass 1252.12 million by 2030 Drives Due to Growing Demand for Laboratory Informatics Solutions

May 28, 2024

SkyQuest projects that the European laboratory informatics market will attain a value of USD 1252.12 million by 2030, with a CAGR of 13.59% over the forecast period (2023-2030). Advancements in medical technology have led to significant improvements in patient recovery, facilitated by the development of more effective monitoring systems and the introduction of comfortable scanning equipment in the European laboratory informatics market. In addition, the integration of technology into medical devices and the rise of telemedicine have revolutionized healthcare practices, enabled the automation of certain operations and reduced the need for doctors to be physically present in the operating room during procedures.

Westford,USA, July 31, 2023 (GLOBE NEWSWIRE) -- According to SkyQuest, automation is becoming increasingly prevalent in laboratories with the growing demand for laboratory efficiency and the need to address the skills gap in the European laboratory informatics market. Many labs are embracing automation to reduce the reliance on human involvement in routine laboratory procedures. Laboratories can significantly increase the productivity and throughput by automating mundane tasks such as sample handling, pipetting and data analysis.

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Pages - 242

Tables - 121

Figures – 72

Laboratory informatics refers to the application of information technology to enhance and streamline laboratory operations. It encompasses various aspects such as data acquisition, instrument interface, laboratory networking, data processing, specialized data management systems (For instance- chromatography data systems), laboratory information management systems (LIMS), scientific data management (including data mining and data warehousing), and knowledge management in the European laboratory informatics market.

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Prominent Players in European Laboratory Informatics Market

PepsiCo

General Mills

Nestle

KIND LLC

Kellogg Company

Mondelēz International

Tyson Foods

Hormel Foods

The Hain Celestial Group

B&G Foods

Diamond Foods

Conagra Brands

Snyder's-Lance

The Hershey Company

GlaxoSmithKline plc

SunOpta Inc.

Clif Bar & Company

Graze

Quest Nutrition

Laboratory Information Management Systems (LIMS) Segment is Expected to Dominating the MarketDue toFacilitating the Effective Tracking and Analysis

The laboratory information management systems (LIMS) segment plays a significant role in the European laboratory informaticsmarket and is poised for growth in the forecast period. LIMS provides users with a comprehensive solution for managing laboratory operations. It enables efficient management of master data, including sample information and specifications, facilitating effective tracking and analysis throughout the sample lifecycle.

The markets in North America hold a prominent position as the leading market shareholder in the global European laboratory informatics market and is projected to experience a growth during the forecast period. The region's market growth is driven by various factors, including increasing healthcare costs and the growing adoption of laboratory information management systems (LIMS). Major pharmaceutical companies in the region also contribute to the market's expansion.

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Cloud-Based Segment is Expected to Grow in the Market Due to the Increasing Availability of High-Speed Internet

The cloud-based segment plays a significant role in the European laboratory informatics market and is poised for continued growth in the forecast period. The adoption of cloud-based solutions is on the rise. With advancements in virtualization technology. Cloud computing offers numerous benefits, such as offloading data storage needs and reducing the burden on-device storage capacity.

Regional markets in Asia-Pacific is projected to witness significant growth in the European laboratory informatics market during the forecast period. One contributing factor to this growth is the trend of top companies outsourcing their laboratory informatics work to contract research organizations (CROs) in the region.

A comprehensive analysis of the major players in the European laboratory informatics market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.

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Key Developments in European Laboratory Informatics Market

Recently CTI clinical trial and consulting services (CTI) forged a strategic partnership with LabWare, Inc.with the aim of expanding laboratory services to bolster research in rare diseases, as well as cell and gene therapies, on a global scale. This collaboration combines CTI's extensive expertise in clinical trials and consulting services with LabWare's innovative laboratory information management systems (LIMS).

LabVantage Solutions, Inc. recently introduced Labvantage analytics, an advanced analytics solution designed to provide comprehensive and user-friendly data exploration, analysis, and visualization capabilities. This self-service tool empowers users to delve into diverse datasets, including those from LIMS, enterprise systems, and external sources, enabling them to derive valuable insights to drive informed decision-making.

Key Questions Answered in European Laboratory Informatics Market Report

What specific growth drivers are projected to impact the market during the forecast period?

List the top companies in the market and explain how they have achieved their positions of influence?

In what ways do regional trends and patterns differ within the global market, and how these differences shape the market's future growth?

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