Canada Laboratory Informatics Market Size & Outlook
Canada laboratory informatics market, 2018-2030 (US$M)
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Canada laboratory informatics market highlights
- The Canada laboratory informatics market generated a revenue of USD 272.7 million in 2023 and is expected to reach USD 399.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.6% from 2024 to 2030.
- In terms of segment, laboratory information management systems (lims) was the largest revenue generating product in 2023.
- Laboratory Information Management Systems (LIMS) is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory informatics market data book summary
| Market revenue in 2023 | USD 272.7 million |
| Market revenue in 2030 | USD 399.6 million |
| Growth rate | 5.6% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Information Management Systems (LIMS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | 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) |
| Key market players worldwide | Thermo Fisher Scientific Inc, LabWare, PerkinElmer, LabVantage Solutions, Inc., LabLynx, Agilent Technologies Inc, McKesson Corp, Waters Corp, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Canada accounted for 7.4% of the global laboratory informatics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. laboratory informatics market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 54.8 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada laboratory informatics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laboratory informatics market will help companies and investors design strategic landscapes.
Laboratory information management systems (lims) was the largest segment with a revenue share of 52.99% in 2023. Horizon Databook has segmented the Canada laboratory informatics market based on 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) covering the revenue growth of each sub-segment from 2018 to 2030.
Canada laboratory informatics market is expected to exhibit lucrative growth in the near future owing to the existence of an advanced healthcare information system, e.g., Canadian Institute for Health Information (CIHI) that helps in raising awareness. CIHI formulates health information management standards including MIS standards, coding classification, and builds data dictionary. These initiatives help healthcare companies in achieving enhanced efficiency.
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Our clientele includes a mix of laboratory informatics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada laboratory informatics market , including forecasts for subscribers. This country databook contains high-level insights into Canada laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada laboratory informatics market size, by product, 2018-2030 (US$M)
Canada Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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