Laboratory Information Management System Market Growth & Trends
The global laboratory information management system market size is expected to reach USD 3.6 billion by 2030, expanding at 6.74% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. Technological advancements in pharmaceutical laboratories and rising demand for laboratory automation are expected to fuel the demand for the laboratory information management system (LIMS) in the coming years.Moreover, the rise in the number of genome and DNA studies and in vitro ADME technologies are some of the factors propelling the growth of this market. Additionally, growing R&D applications, especially in the pharmaceutical industry, such as generic drug development and genome & cancer studies, are anticipated to fuel market growth in the coming years.
Furthermore, the technological advancement in LIMS solutions over the past decade is huge. Companies are constantly upgrading their existing LIMS solution to sustain their market share. For instance, STARLIMS Corporation, formerly Abbott Informatics, has launched LIMS for mobile phones so that data can be accessed anytime, irrespective of location. Besides, it released the STARLIMS technology platform V12.2. The release will include a modernized Electronic Lab Notebook system using innovative HTML5 technology.
Key players are focusing on expanding their current portfolio. For instance, in September 2022, Thermo Fisher Scientific, Inc., released version 7.7.1 of Watson Laboratory Information Management System software, designed to enable the hosting of Watson in a cloud setting while satisfying the requirements of 21 CFR Part 11 - Open System
Laboratory Information Management System Market Report Highlights
- The cloud-based product segment dominated the market in 2022 by approximately 40% and is anticipated to expand further at the fastest CAGR during the forecast period
- Based on the end-use segment, the life sciences accounted for approximately 40% market share. Rapid advancements in healthcare due to rising R&D are anticipated to fuel the demand for LIMS during the forecast period
- Based on the component, the services segment accounted for the largest revenue share of almost 55% in 2022 owing to rising laboratory automation
- North America accounted for 45% market share in 2022. The presence of well-established pharmaceutical companies & research laboratories and higher awareness about LIMS among end-users are expected to drive its demand in the region
- The LIMS industry is competitive with the presence of many companies. These involve implementing strategic initiatives, including acquisitions, collaborations & partnerships, and new product launches. For instance, in September 2022, Illumina released LIMS v7.0, enabling the deployment and running of the Illumina LIMS software-provided hardware, including Virtual Machines (VMs)
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Research Methodology
- 1.3. Information or Data Analysis
- 1.4. Market Formulation & Validation
- 1.5. Model Details
- 1.6. List of Secondary Sources
- 1.7. List of Abbreviations
- 1.8. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Segment Snapshot
- 2.3. Competitive Landscape Snapshot
- Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation and Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.1.1. Rising adoption of laboratory automation
- 3.3.1.2. Increasing investments in life sciences industry
- 3.3.1.3. Growing demand for outsourcing
- 3.3.1.4. Technological advancements
- 3.3.2. Market Restraint Analysis
- 3.3.2.1. Lack of skilled professionals
- 3.3.3. Market Challenges Analysis
- 3.3.3.1. Lack of integration standards and interfacing challenges with software
- 3.4. Business Environment Analysis
- 3.4.1. PESTLE Analysis
- 3.4.2. Porter’s Five Forces Analysis
- 3.5. COVID-19 Impact Analysis
- Chapter 4. Product Business Analysis
- 4.1. Laboratory Information Management System Market: Product Movement and Market Share Analysis
- 4.2. Laboratory Information Management System Product Market: Segment Dashboard
- 4.3. Web hosted
- 4.3.1. Web hosted Market, 2018 - 2030 (USD Million)
- 4.4. On-premise
- 4.4.1. On-premise Market, 2018 - 2030 (USD Million)
- 4.5. Cloud-based
- 4.5.1. Cloud-based Market, 2018 - 2030 (USD Million)
- Chapter 5. Component Analysis
- 5.1. Laboratory Information Management System Market: Component Movement and Market Share Analysis
- 5.2. Laboratory Information Management System Component Market: Segment Dashboard
- 5.3. Software
- 5.3.1. Software Market, 2018 - 2030 (USD Million)
- 5.4. Services
- 5.4.1. Services Market, 2018 - 2030 (USD Million)
- Chapter 6. End-Use Business Analysis
- 6.1. Laboratory Information Management System Market: End-Use Movement and Market Share Analysis
- 6.2. Laboratory Information Management System End-Use Market: Segment Dashboard
- 6.3. Life sciences
- 6.3.1. Life Sciences Market, 2018 - 2030 (USD Million)
- 6.4. Contract Research Organizations (CROs)
- 6.4.1. Contract Research Organizations (CRO) Market, 2018 - 2030 (USD Million)
- 6.5. Chemical Industry
- 6.5.1. Chemical Industry Market, 2018 - 2030 (USD Million)
- 6.6. Food and Beverage & Agriculture Industries
- 6.6.1. Food and Beverage & Agriculture Industries Market, 2018 - 2030 (USD Million)
- 6.7. Environmental Testing Laboratories
- 6.7.1. Environmental Testing Laboratories Market, 2018 - 2030 (USD Million)
- 6.8. Petrochemical Refineries & Oil and Gas Industry
- 6.8.1. Petrochemical Refineries & Oil and Gas Industry Market, 2018 - 2030 (USD Million)
- 6.9. Others
- 6.9.1. Others Market, 2018 - 2030 (USD Million)
- Chapter 7. Regional Business Analysis
- 7.1. Laboratory Information Management System Market Share By Region, 2022 & 2030
- 7.2. North America
- 7.2.1. North America Laboratory Information Management System Market, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.2.2.2. Competitive scenario
- 7.2.2.3. Regulatory framework
- 7.2.2.4. U.S. laboratory information management system market, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.2.3.2. Competitive scenario
- 7.2.3.3. Regulatory framework
- 7.2.3.4. Canada laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.2.2. Competitive scenario
- 7.3.2.3. Regulatory framework
- 7.3.2.4. Germany laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.3. UK
- 7.3.3.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.3.2. Competitive scenario
- 7.3.3.3. Regulatory framework
- 7.3.3.4. UK laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.4.2. Competitive scenario
- 7.3.4.3. Regulatory framework
- 7.3.4.4. France laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.5.2. Competitive scenario
- 7.3.5.3. Regulatory framework
- 7.3.5.4. Italy laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.6.2. Competitive scenario
- 7.3.6.3. Regulatory framework
- 7.3.6.4. Spain laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.7.2. Competitive scenario
- 7.3.7.3. Regulatory framework
- 7.3.7.4. Denmark laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.8.2. Competitive scenario
- 7.3.8.3. Regulatory framework
- 7.3.8.4. Sweden laboratory information management system market, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.3.9.2. Competitive scenario
- 7.3.9.3. Regulatory framework
- 7.3.9.4. Norway laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.2.2. Competitive scenario
- 7.4.2.3. Regulatory framework
- 7.4.2.4. Japan laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.3.2. Competitive scenario
- 7.4.3.3. Regulatory framework
- 7.4.3.4. China laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.4.2. Competitive scenario
- 7.4.4.3. Regulatory framework
- 7.4.4.4. India laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.5.2. Competitive scenario
- 7.4.5.3. Regulatory framework
- 7.4.5.4. South Korea laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.6.2. Competitive scenario
- 7.4.6.3. Regulatory framework
- 7.4.6.4. Australia laboratory information management system market, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.4.7.2. Competitive scenario
- 7.4.7.3. Regulatory framework
- 7.4.7.4. Thailand laboratory information management system market, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America laboratory information management system market, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.5.2.2. Competitive scenario
- 7.5.2.3. Regulatory framework
- 7.5.2.4. Brazil laboratory information management system market, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.5.3.2. Competitive scenario
- 7.5.3.3. Regulatory framework
- 7.5.3.4. Mexico laboratory information management system market, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.5.4.2. Competitive scenario
- 7.5.4.3. Regulatory framework
- 7.5.4.4. Argentina laboratory information management system market, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA laboratory information management system market, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.6.2.2. Competitive scenario
- 7.6.2.3. Regulatory framework
- 7.6.2.4. South Africa laboratory information management system market, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Competitive scenario
- 7.6.3.2. Regulatory framework
- 7.6.3.3. Saudi Arabia laboratory information management system market, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.6.4.2. Competitive scenario
- 7.6.4.3. Regulatory framework
- 7.6.4.4. UAE laboratory information management system market, 2018 - 2030 (USD Million)
- 7.6.5. Qatar
- 7.6.5.1. Import & export scenario for telecommunications, computer, and information services (USD Billion)
- 7.6.5.2. Competitive scenario
- 7.6.5.3. Regulatory framework
- 7.6.5.4. Qatar laboratory information management system market, 2018 - 2030 (USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Participant’s Overview
- 8.2. Financial Performance
- 8.3. Company Market Position Analysis
- 8.4. Strategy Mapping
- 8.4.1. Mergers and Acquisition
- 8.4.2. Collaborations
- 8.4.3. New Product Launches
- 8.4.4. Partnerships
- 8.4.5. Others
- 8.5. Participant’s overview
- 8.5.1. Thermo Fisher Scientific, Inc.
- .5.1.1. Overview
- 8.5.1.2. Financial Performance
- 8.5.1.3. Product Benchmarking
- 8.5.1.4. Strategic Initiatives
- 8.5.2. Illumina, Inc.
- 8.5.2.1. Overview
- 8.5.2.2. Financial Performance
- 8.5.2.3. Product Benchmarking
- 8.5.2.4. Strategic Initiatives
- 8.5.3. STARLIMS Corporation
- 8.5.3.1. Overview
- 8.5.3.2. Financial Performance
- 8.5.3.3. Product Benchmarking
- 8.5.3.4. Strategic Initiatives
- 8.5.4. LabVantage Solutions, Inc.
- 8.5.4.1. Overview
- 8.5.4.2. Financial Performance
- 8.5.4.3. Product Benchmarking
- 8.5.4.4. Strategic Initiatives
- 8.5.5. LabLynx, Inc.
- 8.5.5.1. Overview
- 8.5.5.2. Financial Performance
- 8.5.5.3. Product Benchmarking
- 8.5.5.4. Strategic Initiatives
- 8.5.6. LabWare
- 8.5.6.1. Overview
- 8.5.6.2. Financial Performance
- 8.5.6.3. Product Benchmarking
- 8.5.6.4. Strategic Initiatives
- 8.5.7. Autoscribe Informatics
- 8.5.7.1. Overview
- 8.5.7.2. Financial Performance
- 8.5.7.3. Product Benchmarking
- 8.5.7.4. Strategic Initiatives
- 8.5.8. Labworks
- 8.5.8.1. Overview
- 8.5.8.2. Financial Performance
- 8.5.8.3. Product Benchmarking
- 8.5.8.4. Strategic Initiatives
- 8.5.9. Siemens
- 8.5.9.1. Overview
- 8.5.9.2. Financial Performance
- 8.5.9.3. Product Benchmarking
- 8.5.9.4. Strategic Initiatives
- 8.5.10. Accelerated Technology Laboratories, Inc.
- 8.5.10.1. Overview
- 8.5.10.2. Financial Performance
- 8.5.10.3. Product Benchmarking
- 8.5.10.4. Strategic Initiatives
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook