Laboratory Information Management System Market Size, Share & Trends Analysis Report By Product (Cloud-based, Web-based), By Component (Software, Services), By End Use (Life Sciences, CROs), And Segment Forecasts, 2022 - 2030

Laboratory Information Management System Market Growth & Trends

The global laboratory information management system market size is expected to reach USD 3.56 billion by 2030, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Factors contributing to this growth include growing demand for laboratory automation, investments in the life sciences industry, demand for outsourcing services, and technological advancements. To help in tackling the effect of the COVID-19 pandemic, market players aimed at launching novel lab automation solutions in the market. For instance, LabVantage launched the COVID-19 LIMS, which helps manage the unprecedented acceleration of the laboratory workflow and volume due to the pandemic.

Likewise, in March 2020, Ovation, a U.S.-based startup, started an initiative, which was centered around its cloud-based LIMS and was aimed at enabling independent laboratories to broaden their capabilities and effectively doubling the testing capacity throughout the country. Increasing investment in R&D sectors by pharma and biotechnological companies is another factor propelling the market growth. A rise in demand for laboratory automation is expected to fuel market growth. Significant growth potential in emerging markets presents a huge opportunity for LIMS solutions. China, Singapore, India, Brazil, and several Middle Eastern countries are the major upcoming markets for LIMS.

North America accounted for the largest revenue share in 2021 on account of the favorable government initiatives, demand for genomic studies, and increased investments in R&D by the regional government. Asia Pacific is anticipated to witness the fastest CAGR from 2022 to 2030 owing to the rising demand for outsourcing services and increasing expenditure in the R&D sector. Moreover, several biopharma players are shifting their manufacturing plants in the Asia Pacific region for low-cost production. However, the COVID-19 pandemic had pressured stakeholders from developed markets, such as the U.S. and Europe, to reduce their heavy dependence on Asian countries and shift back to in-house operations.

Laboratory Information Management System Market Report Highlights

  • The cloud-based product segment dominated the market in 2021 and is projected to expand further at the fastest CAGR from 2022 to 2030
  • Technological advancements by market players are expected to drive the growth of the segment
  • The services component segment accounted for the largest revenue share in 2021 owing to the rising lab automation, which requires implementation, maintenance, and support
  • The industry participants are focusing on investing in acquisitions, collaborations, product launches, and partnerships to gain a competitive edge
  • In February 2020, LabVantage Solutions announced the availability of a SaaS package for its purpose-built LIMS platform
  • The CROs segment is expected to exhibit the fastest CAGR during the forecast period due to increasing demand for outsourcing LIMS solutions to curb the operating costs
Profiled Companies

LabWare
Thermo Fisher Scientific, Inc.
Abbott Informatics
LabVantage Solutions, Inc.
LabLynx, Inc.
Autoscribe Informatics
Illumina, Inc.
LABWORKS
Siemens
Accelerated Technology Laboratories

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Chapter
1. Research Methodology & Scope
1.1 Market Segmentation & Scope
1.1.1 Segment Scope
1.1.2 Regional Scope
1.1.3 Estimates & Forecast Timeline
1.2 Research Methodology
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Gvr’s Internal Database
1.3.3 Secondary Sources
1.3.4 Primary Research:
1.3.5 Details Of Primary Research
1.3.5.1 Region specific DATA for primary interviews
1.3.5.1.1 North America
1.3.5.1.2 Europe
1.3.5.1.3 Asia Pacific
1.3.5.1.4 Latin America
1.3.5.1.5 MEA
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.11 Market Definitions
1.11.1 Applications Of Lims
Chapter
2. Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Outlook
Chapter
3. Laboratory Information Management System Market Variables Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping by Delivery Mode
3.3 User Perspective Analysis
3.3.1 Market Influencer Analysis
3.4 List of Key End Users
3.4.1 Potential Target Audience (Over The Forecast Period)
3.4.2 U.S.: Regional Demand Analysis By End-Users
3.5 Technology Overview
3.5.1 Laboratory Information Management System Changing Technology & Adoption
3.6 Product Pipeline Analysis
3.6.1 R&D Investments By Companies
3.7 Regulatory Framework
3.7.1 List Of Regulations, By Country
3.8 Market Dynamics
3.8.1 Market Driver Analysis
3.8.1.1 Rising adoption of laboratory automation
3.8.1.2 Increasing investments in life sciences industry
3.8.1.3 Growing demand for outsourcing
3.8.1.4 Technological advancements
3.8.2 Market Restraints Analysis
3.8.2.1 Lack of skilled professionals
3.8.3 Industry Challenges
3.8.3.1 Lack Of Integration Standards For Laboratory Informatics
3.9 Industry Analysis - Porter’s
3.10 Laboratory Information Management System - SWOT Analysis, by Factor (Political & Legal, Economic, Social and Technological)
3.11 Laboratory Information Management System - Heat Map Analysis
Chapter
4. Laboratory Information Management System Market : Competitive Analysis
4.1 Market Participation Categorization
4.2 Company Market Share Analysis
4.2.1 Lims Company Market Share Analysis
4.2.2 List Of Key Strategies, By Company
4.2.2.1 Market Leader
4.2.2.2 Market Innovators
Chapter
5. Laboratory Information Management System : Covid-19 Impact
5.1 Covid-19 Disease Prevalence Analysis
5.2 Current & Future Impact Analysis
5.3 Impact on Market Players
Chapter
6. Laboratory Information Management System Market : Product Analysis
6.1 Product Business Analysis
6.1.1 On-Premise
6.1.1.1 On-premise market estimates and forecasts, 2017 - 2030 (USD Million)2017 - 2030 (USD Million)2017 - 2030 (USD Million)
6.1.2 Web Hosted
6.1.2.1 Web-hosted market estimates and forecasts, 2017 - 2030 (USD Million)
6.1.3 Cloud-Based
6.1.3.1 Cloud-based platform market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter
7. Laboratory Information Management System Market : Component Analysis
7.1 Component Business Analysis
7.1.1 Software
7.1.1.1 Software market estimates and forecasts, 2017 - 2030 (USD Million)
7.1.2 Services
7.1.2.1 Services market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter
8. Laboratory Information Management System Market : End-use Analysis
8.1 End-use Business Analysis
8.1.1 Life Sceinces
8.1.1.1 Life sciences market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.2 Contract Research Organizations (Cros)
8.1.2.1 CROs market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.3 Chemical Industry
8.1.3.1 Chemical industry market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.4 Food And Beverage & Agriculture Industries
8.1.4.1 Food and Beverage & Agriculture Industries market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.5 Environmental Testing Laboratories
8.1.5.1 Environmental Testing Laboratories market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.6 Petrochemical Refineries & Oil And Gas Industry
8.1.6.1 Petrochemical Refineries & Oil and Gas Industry market estimates and forecasts, 2017 - 2030 (USD Million)
8.1.7 Others
8.1.7.1 Others Industry market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter
9. Laboratory Information Management System Market : Regional Market Analysis, By Product, Component and End-use, 2017 - 2030 (USD Million)
9.1 Definition & Scope
9.2 Regional Market Share Analysis, 2017 - 2030
9.3 Regional Market Dashboard
9.4 Regional Market Snapshot
9.5 Market Size, & Forecasts, Volume and Trend Analysis, 2017 - 2030
9.5.1 North America
9.5.1.1 North America Laboratory Information Management System market estimates and forecasts by countries, 2017 - 2030 (USD Million)
9.5.1.2 U.S.
9.5.1.2.1 U.S. Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.1.3 Canada
9.5.1.3.1 Canada Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.2 Europe
9.5.2.1 Europe Laboratory Information Management System market estimates and forecasts by countries, 2017 - 2030 (USD Million)
9.5.2.2 U.K.
9.5.2.2.1 U.K. Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.2.3 Germany
9.5.2.3.1 Germany Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.3 Asia Pacific
9.5.3.1 Asia Pacific Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.3.2 Japan
9.5.3.2.1 Japan Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.3.3 China
9.5.3.3.1 China Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.3.4 India
9.5.3.4.1 India Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.4 Latin America
9.5.4.1 Latin America Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.4.2 Brazil
9.5.4.2.1 Brazil Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.4.3 Mexico
9.5.4.3.1 Mexico Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
9.5.5 MEA
9.5.5.1 MEA Laboratory Information Management System market estimates and forecasts by countries, 2017 - 2030 (USD Million)
9.5.5.2 South Africa
9.5.5.2.1 South Africa Laboratory Information Management System market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter
10. Company Profiles
10.1 LabWare
10.1.1 Company Overview
10.1.2 Financial Performance
10.1.3 Product Benchmarking
10.1.4 Strategic Initiatives
10.2 Thermo Fisher Scientific, Inc.
10.2.1 Company Overview
10.2.2 Financial Performance
10.2.3 Product Benchmarking
10.2.4 Strategic Initiatives
10.3 Abbott Informatics
10.3.1 Company Overview
10.3.2 Financial Performance
10.3.3 Product Benchmarking
10.3.4 Strategic Initiatives
10.4 LabVantage Solutions, Inc.
10.4.1 Company Overview
10.4.2 Financial Performance
10.4.3 Product Benchmarking
10.4.4 Strategic Initiatives
10.5 LabLynx, Inc.
10.5.1 Company Overview
10.5.2 Financial Performance
10.5.3 Product Benchmarking
10.5.4 Strategic Initiatives
10.6 Autoscribe Informatics
10.6.1 Company Overview
10.6.2 Financial Performance
10.6.3 Product Benchmarking
10.6.4 Strategic Initiatives
10.7 Illumina, Inc.
10.7.1 Company Overview
10.7.2 Financial Performance
10.7.3 Product Benchmarking
10.7.4 Strategic Initiatives
10.8 LABWORKS
10.8.1 Company Overview
10.8.2 Financial Performance
10.8.3 Product Benchmarking
10.8.4 Strategic Initiatives
10.9 Siemens
10.9.1 Company Overview
10.9.2 Financial Performance
10.9.3 Product Benchmarking
10.9.4 Strategic Initiatives
10.10 Accelerated Technology Laboratories
10.10.1 Company Overview
10.10.2 Financial Performance
10.10.3 Product Benchmarking
10.10.4 Strategic Initiatives

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