Laboratory Informatics Market Growth Prospects, Key Vendors By 2027

The global laboratory informatics market size was USD 2.37 Billion in 2019 and is expected to reach USD 3.87 Billion by 2027, at a CAGR of 6.8% during the forecast period. The global laboratory informatics market is expected to expand significantly in the next few years, due to increasing need for scientific data integration solutions and growing adoption of laboratory information management systems. Besides, emergence of cost-effective solutions for informatics is also anticipated to fuel the global laboratory informatics market during the forecast period. Moreover, growing adoption of laboratory automation to decrease operational expenses is likely to boost the global laboratory informatics market in the near future.

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