Europe Laboratory Informatics Market Size & Outlook
Europe laboratory informatics market, 2018-2030 (US$M)
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Europe laboratory informatics market highlights
- The Europe laboratory informatics market generated a revenue of USD 935.8 million in 2023.
- The market is expected to grow at a CAGR of 4.5% 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 935.8 million |
| Market revenue in 2030 | USD 1,277.4 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Information Management Systems (LIMS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 25.4% of the global laboratory informatics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,446.4 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 51.3% in 2023. Horizon Databook has segmented the Europe 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.
The European market includes the UK and Germany. The Digital Single Market Strategy by the European Commission furnishes consumers and businesses with access to online services and goods across Europe, thus providing necessary conditions for growth of digital network and allied services, which in turn is expected to maximize the growth potential of the European economy. Among the European countries, Spain leads in terms of advanced, interoperable IT-enabled healthcare system.
With government support and focused strategic efforts, this region is steadily advancing toward widespread incorporation of e-health systems. On the other hand, legal compliance requirements for data protection coupled with data security pose as a significant hurdle to a majority of the countries in this region. These aforementioned factors are anticipated to boost the laboratory informatics market in Europe.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe laboratory informatics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe laboratory informatics market size, by country, 2018-2030 (US$M)
Europe Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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