Germany Laboratory Informatics Market Size & Outlook
Germany laboratory informatics market, 2018-2030 (US$M)
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Germany laboratory informatics market highlights
- The Germany laboratory informatics market generated a revenue of USD 220.1 million in 2023 and is expected to reach USD 300.6 million by 2030.
- The Germany market is expected to grow at a CAGR of 4.6% 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 220.1 million |
| Market revenue in 2030 | USD 300.6 million |
| Growth rate | 4.6% (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, Germany accounted for 6.0% 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 Europe, Germany laboratory informatics market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 300.6 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 53.02% in 2023. Horizon Databook has segmented the Germany 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.
Germany laboratory informatics market is anticipated to witness lucrative growth over the forecast period. In Germany, curbing healthcare costs is one of the major drivers promoting the adoption of interoperable systems allowing information sharing through the implementation of healthcare IT systems.
With increasing focus on quality of care and analytics from patient health data, this market is expected to expand in this country. However, without adequate support from the government, the country, currently, lacks a clearly charted-out plan for interoperable IT systems in healthcare.
Cost limitations, low vendor cooperation, and legal compliance with the Data Protection Act were found to be the restraining factors that placed the country in a less advanced position in terms of percentage of hospitals equipped with IT systems.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany laboratory informatics market , including forecasts for subscribers. This country databook contains high-level insights into Germany laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany laboratory informatics market size, by product, 2018-2030 (US$M)
Germany Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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