Tag Archives: U.S. Laboratory Informatics Market size

U.S. Laboratory Informatics Market Is Forecast To Reach $1.45 Billion By 2025: Grand View Research, Inc.

The U.S. laboratory informatics market size is expected to reach USD 1.45 billion by 2025, according to a new report by Grand View Research, Inc., progressing at a CAGR of 4.9% during the forecast period. Rising demand for lab automation and information management activities owing to an increasing amount of data generated by research laboratories is one of the primary growth stimulants for the market.

Laboratories are important to both research and manufacturing companies in the healthcare industry. A large amount of data is generated in these labs, which is impossible to capture, collect, store, and analyze manually. This is creating insurmountable obstacles for data management processes and conventional documentation requirements, especially in regulated environments, such as the life sciences sector.