Laboratory Informatics Market Business Strategies, Development Factors And Huge Demand By 2031

The global laboratory informatics market is expected to reach a value of US$ 5,268.7 Mn by 2031 at a CAGR of 8.2% between 2024 and 2031. Laboratory informatics facilitates the management of data from analytical instruments and helps with streamlining workflows in laboratories. The market is driven by the increasing adoption of automated workflow processes in laboratories and the integration of AI and cloud computing capabilities.