Lab Automation Software Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Lab Automation Software Industry Overview

The Lab Automation Software Market is neither highly competitive nor does it have a limited number of players. There are other newer technologies in the pipeline through which routine laboratory processes, such as testing and screening, are automated. Automation tools can process concurrent requests in real time, showing marked improvement in productivity and throughput.

• March 2022 - Scispot, a Y Combinator-backed life science lab informatics startup, introduces Labsheets to assist life science labs in moving beyond non-scientific spreadsheets and outdated lab information management systems. Labsheets is a no-code relational database product explicitly designed for life science labs to support their data management, sample tracking, audit trail, automated report creation, and integration requirements. Scispot's goal with Labsheets is to empower life science labs by reducing the time they spend managing data in spreadsheets, allowing lab professionals to design and automate workflows and bring scientific breakthroughs to market faster.
• September 2021 - Veeva Vault LIMS is a new cloud application from Veeva Systems designed to modernize quality control (QC) lab operations. By incorporating Vault LIMS into Veeva Vault Quality Suite, manufacturing organizations can seamlessly connect their lab operations with the broader quality ecosystem. This will speed up the batch release and lower inventory costs by streamlining sample management, test execution, and lab investigation processes.
• July 2021 - LabVantage Solutions, Inc has launched the 8.7 edition of its flagship LabVantage LIMS designed to provide a secure self-service web portal for the lab's external clients. With the upgraded LabVantage LIMS 8.7, customers can extend appropriate access rights outside the laboratory via the Portal while protecting their valuable and sensitive data, eschewing the need for manual requests for tests and other services.
• July 2021 - Promium, L.L.C., a provider of LIMS software for analytical testing laboratories, launched a new version of Element LIMS laboratory software. A comprehensive laboratory information management system, Element LIMS manages analytical and operational activities across the laboratory. Element LIMS version 7 includes feature enhancements, a redesigned user interface, and a new development framework, all targeted to increase laboratory performance and compliance significantly.