Laboratory Information Management System (LIMS) Market by Type (Industry), Component (Software, Service), Deployment (On-premise, Cloud (SaaS, PaaS, Iaas)), Size (Mid), Industry (Pharma, NGS, Chemical, Agri, FnB, Oil), & Region - Global Forecast to 2029

Laboratory Information Management System (LIMS) Market by Type (Industry), Component (Software, Service), Deployment (On-premise, Cloud (SaaS, PaaS, Iaas)), Size (Mid), Industry (Pharma, NGS, Chemical, Agri, FnB, Oil), & Region - Global Forecast to 2029

The global Laboratory Information Management Systems (LIMS) market is projected to reach USD 3.8 billion by 2029 from USD 2.1 billion in 2024, at a CAGR of 12.9% during the forecast period. Growth in this market is fueled by the growing need for automated and efficient data management, integration with Electronic Health Records (EHRs) and Health Information Systems (HIS), and an increasing demand for mobile applications and point-of-care testing. However, the dearth of trained professionals and interfacing challenges with informatics software posses a challenge to the market growth.

“On-premise segment accounted for a substantial share of the Laboratory Information Management Systems (LIMS) market, by deployment mode in 2023.”

On the basis of deployment model, the Laboratory Information Management Systems (LIMS) market is segmented into on-premise LIMS, cloud LIMS, and remote-hosted LIMS. In 2023, the on-premise segment is accounted to hold the largest share of the Laboratory Information Management Systems (LIMS) market, by deployment mode. The growth is attributed to factors such as the specific requirements of certain industries or organizations that prefer keeping their LIMS infrastructure in-house. On-premise solutions provide these entities with a higher degree of control, customization, and security over their data management processes. Additionally, some organizations opt for on-premise LIMS due to regulatory compliance or data sensitivity concerns. The steady growth in the on-premise segment indicates a continued demand for LIMS solutions that cater to the unique needs and preferences of businesses requiring localized control and management of their laboratory information.

“Life sciences segment accounted for a considerable share in the Laboratory Information Management Systems (LIMS) market, by industry in 2023”

The Laboratory Information Management Systems (LIMS) market is segmented into life sciences, food & beverage and agriculture, petrochemical and oil & gas, chemicals, environment testing, forensics, and other industries. In 2023, the life sciences segment accounted for a significant share of the Laboratory Information Management Systems (LIMS) market. The life sciences segment holds a prominent position in the laboratory information systems market, driven primarily by the rising trend of pharmaceutical companies outsourcing diverse processes, the heightened stringency of regulations, a growing number of biobanks and biorepositories, and increased research and development investments and activities within the pharmaceutical and biotechnology sectors.

“Asia to witness the substantial growth rate during the forecast period.”

The Asia Pacific LIMS market is expected to grow at the highest CAGR in the forecasted period among the five major regions considered in the scope- North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Rapid industrialization and the expansion of pharmaceutical and biotechnology industries are creating a substantial demand for efficient laboratory management solutions. Government initiatives and policies further support this trend in the region. Additionally, the improvement in interoperability standards that facilitates the integration and implementation of LIMS, coupled with the growth in medical tourism and the development of supporting infrastructure in research laboratories, enables organizations in the region to harness the full potential of LIMS. This, in turn, enhances operational efficiency, data accuracy, and patient care. The growing focus on improving laboratory productivity and data integrity, combined with advancements in technology such as cloud computing and automation, further accelerates the adoption of LIMS in this region.

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1: 38%, Tier 2: 45%, and Tier 3: 17%

By Designation - C-level: 29%, Director-level: 44%, and Others: 27%

By Region - North America: 42%, Asia Pacific: 21%, Europe: 28%, Latin America: 5% and Middle East & Africa: 4%

List of Companies Profiled in the Report

LabWare (US)

LabVantage Solutions Inc. (US)

Thermo Fisher Scientific Inc. (US)

Agilent Technologies (US)

LabLynx, Inc. (US)

Dassault Systèmes (France)

Labworks LLC (US)

Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US)

Accelerated Technology Laboratories (ATL) (US)

CloudLIMS (US)

Computing Solutions, Inc. (US)

GenoLogics Inc. (an Illumina Company) (Canada)

Siemens (Germany)

Novatek International (Canada)

Ovation (US), Clinsys (US)

Eusoft Ltd. (Italy)

Caliber International (US)

LABTrack (US)

Agilab SAS (US)

Agaram Technologies (India)

AssayNet Inc. (Canada)

Blaze Systems Corporation (US).

Research Coverage:

The report analyzes the Laboratory Information Management Systems (LIMS) market and aims to estimate the market size and future growth potential of various market segments, based on type, component, company size, deployment model, and industry, and region. The report also analyses factors (such as drivers, opportunities and challenges) affecting market growth. It evaluates the opportunities and challenges in the market for stakeholders. The report also studies micro markets with respect to their growth trends, prospects, and contributions to the total Laboratory Information Management Systems (LIMS) market. The report forecasts the revenue of the market segments with respect to five major regions. The report also provides a competitive analysis of the key players operating in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

Reasons to Buy the Report

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

Analysis of key drivers (surge in LIMS adoption to meet stringent regulatory requirements, a heightened emphasis on enhancing laboratory efficiency, technological advancements offering sophisticated LIMS solutions, an increasing trend towards cloud-based LIMS adoption, and escalating R&D investments in pharmaceutical and biotechnology sectors), restraints (elevated maintenance and service costs, absence of standardized LIMS integration, challenges in interoperability, and limited uptake in small and medium-sized enterprises), opportunities (application of LIMS in the cannabis industry, the rising popularity of cloud-based solutions, and substantial growth potential in emerging markets), challenges (shortage of trained professionals and interfacing issues with informatics software) are factors contributing the growth of the LIMS market.

Product Development/Innovation: Detailed insights on upcoming trends, research & development activities, and new software launches in the Laboratory Information Management Systems (LIMS) market.

Market Development: Comprehensive information on the lucrative emerging markets, type, component, deployment model, company size, industry, and region.

Market Diversification: Exhaustive information about the software portfolios, growing geographies, recent developments, investments in the Laboratory Information Management Systems (LIMS) market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, company evaluation quadrant, and capabilities of leading players in the global Laboratory Information Management Systems (LIMS) Market.