According to FutureWise analysis the market for laboratory informatics in 2023 is US$ 4.19 billion, and is expected to reach US$ 9.67 billion by 2031 at a CAGR of 11.02%.
The growth in the market can be attributed to the rising necessity for automation in laboratories, growing need to be at par with the regulatory standards, the increasing demand for biorepositories are some important factors that drive the proliferation of the laboratory informatics market.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Laboratory Informatics Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Laboratory Informatics Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.