USD 1.1 billion
Laboratory Information Management System Market Size, Share, Growth Analysis, By Component(Software Services, Support), By Type(Broad-Based LIMS, Industry-Specific LIMS), By Deployment Mode(On-Premise LIMS, Cloud-Based LIMS (Software-As-A-Service, Infrastructure-As-A-Service, Platform-As-A-Service)), By Company Size(Large Companies, Medium-Sized Companies, Small Companies), By Industry(Life Sciences (Pharmaceutical & Biotechnology Companies, Contract Service Organizations, Biobanks & Biorepositories, Clinical Research Laboratories), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45F2112 |
Region:
Global |
Published Date: September, 2024
Pages:
242
|Tables:
87
|Figures:
76
Laboratory Information Management System Market Insights
Laboratory Information Management System Market size was valued at USD 2.03 Billion in 2023 and is poised to grow from USD 2.29 Billion in 2024 to USD 3.16 Billion by 2032, growing at a CAGR of 12.94% during the forecast period (2025-2032).
Growing demand for automation in laboratories to deal with increasing workload as the prevalence of chronic diseases rises will be the primary factor driving the demand for laboratory information management systems. Surging investments in medical research and development around the world are also expected to create new business scope for laboratory information management system providers going forward. Rapid expansion of biobanking and genomics services and their rising demand around the world are also projected to bolster the sales of laboratory information management systems in the future. High demand for faster results from laboratories has bolstered the demand for efficiency thereby promoting the adoption of laboratory information management systems. The rising popularity of digital pathology around the world is also estimated to generate new opportunities for laboratory information management system companies in the long run. On the contrary, resistance to change, high costs of implementation, and absence of skilled workforce are some key constraints that slow down the global laboratory information management system demand outlook.
US Laboratory Information Management System Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
cloud-based product
Fastest Growth
Contract Research Organizations
Growth Rate
13.2% CAGR
Global Laboratory Information Management System Market ($ Bn)
Country Share for North America Region (%)
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Laboratory Information Management System Market Segmental Analysis
Global Laboratory Information Management System Market is segmented by Component, Type, Deployment Mode, Company Size, Industry, and Region. Based on Component, the market is segmented into Software Services, Support. Based on Type, the market is segmented into Broad-Based LIMS, Industry-Specific LIMS. Based on Deployment Mode, the market is segmented into On-Premise LIMS, Cloud-Based LIMS (Software-As-A-Service, Infrastructure-As-A-Service, Platform-As-A-Service), Remotely Hosted LIMS. Based on Company Size, the market is segmented into Large Companies, Medium-Sized Companies, Small Companies. Based on Industry, the market is segmented into Life Sciences (Pharmaceutical & Biotechnology Companies, Contract Service Organizations, Biobanks & Biorepositories, Clinical Research Laboratories, Academic Research Institutes, NGS Laboratories, Toxicology Laboratories), Food & Beverage and Agriculture, Petrochemicals and Oil & Gas, Chemicals, Environmental Testing, Forensics, Other Industries. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Laboratory Information Management System Market Analysis by Deployment Mode
Cloud-based laboratory information management systems are forecasted to account for the largest share of the global laboratory information management system market. Easy access, low costs, and high scalability are some key benefits associated with cloud-based laboratory information management systems that allows this segment to bring in most revenue for any market player. Advancements in cloud technologies and growing acceptance of cloud platforms in the healthcare industry are also expected to help create new opportunities for laboratory information management system companies operating in this segment. Increasing popularity of remote work will also help this segment maintain its high market share.
On the other hand, the web-based laboratory information management systems are estimated to account for the second-largest share of the global market. Easy access with less hardware constraints is a key benefit that creates new opportunities for laboratory information management system companies via this segment. Easy integration, reduced need for maintenance, and compatibility with multiple platforms are some other benefits of web-based laboratory information management system that help this segment bolster market development over the coming years. Rising costs of specialized laboratory information management systems are estimated to promote the popularity and demand for web-based laboratory information management systems in the future.
Laboratory Information Management System Market Analysis by Component
Demand for services in the global laboratory information management system market is projected to account for a dominant market share. A lack of resources in laboratories to implement, operate, and maintain laboratory information management systems is a key factor that allows the services segment to bring in the most revenue for market players. The growing popularity of outsourcing in the healthcare industry and the dearth of skilled laboratory professionals are also factors that are estimated to uplift the demand for laboratory information management system services in the future. The need for support even after deployment will continue to create new opportunities for laboratory information management system companies.
Meanwhile, the demand for laboratory information management system software is slated to rise at a noteworthy pace across the forecast period and beyond. Increasing demand for advanced features in laboratory information management system is projected to promote the integration of advanced technologies and help this segment bolster market growth. Rising investments in the development of advanced laboratory information management system software to keep up with technological advancements and evolving needs of laboratories are also expected to create new opportunities for market players in the future. Collaborations with technology companies could help promote advanced software development in the market.
Global Laboratory Information Management System Market By Component
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Laboratory Information Management System Market Regional Insights
North America is forecasted to account for a dominant share of the global laboratory information management system market. High investments in healthcare R&D, quick adoption of advanced technologies, and rising demand for laboratory automation are slated to bolster the demand for laboratory information management systems in this region going forward. Favorable policies and government initiatives coupled with a developed healthcare infrastructure are also helping the United States become the most opportune market for laboratory information management system companies operating in North America. Investing in Canada is also expected to provide attractive returns in the long run.
Asia Pacific is anticipated to emerge as the fastest growing market for laboratory information management system companies in the future. Increasing number of biopharmaceutical and pharmaceutical companies, supportive government initiatives to promote healthcare infrastructure development, and growing adoption of digital pathology solutions are key factors driving laboratory information management system demand in this region. India and China are slated to be the leading markets for laboratory information management system companies looking to make a mark in the Asia Pacific region through 2031 and beyond. Growing healthcare expenditure and rising investments in medical R&D are also expected to offer lucrative returns for laboratory information management system providers in the future.
Global Laboratory Information Management System Market By Region
- Largest
- Fastest
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Laboratory Information Management System Market Dynamics
Driver
High Demand for Automation in Laboratories
- Laboratories are experiencing a major increase in workload owing to growing prevalence of chronic diseases and high medical R&D activity. Use of automation is gaining traction to handle this increasing workload, and this is why the demand for laboratory information management systems will also rise as it plays a crucial role in automation.
High Investments in Medical R&D
- Investments in medical research and development are increasing rapidly around the world and this trend is forecasted to create new opportunities for laboratory information management system companies. Managing large volumes of data, samples, and testing processes requires sophisticated solutions such as laboratory information management system so laboratories can focus on innovation rather than management.
Restraints
High Initial Costs
- Procuring and implementing a laboratory information management system is quite a capital-intensive task. Moreover, licensing and maintenance are also adding up to the overall costs of laboratory information management system adoption. All of these expenses make it quite difficult for laboratories with low budgets to opt for laboratory information management systems thereby limiting market growth potential.
Resistance to Change
- Many laboratories are hesitant towards adoption of new and advanced systems as it could potentially disrupt the already established workflows. Moreover, the resistance to automation with the potential of job losses for laboratory workers could also slow down the sales of laboratory information management systems in the future.
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Laboratory Information Management System Market Competitive Landscape
Laboratory information management system companies should focus on increasing the affordability of their offerings to maximize their business scope. Providing easy integration with legacy laboratory equipment and systems will also promote the adoption of laboratory information management systems in the future. Targeting countries where investments in healthcare research and development are high will be the prime focus of laboratory information management system providers going forward. New launches, mergers, and partnerships are also expected to be popular strategies for laboratory information management system market players in the future.
Top Player’s Company Profiles
- Labware, Inc.
- LabVantage Solutions Inc.
- Thermo Fisher Scientific Inc.
- Starlims Corporation
- Agilent Technologies, Inc.
- LabLynx, Inc.
- Clinisys
- Autoscribe Informatics (Xybion Corporation)
- Labworks
- Dassault Systèmes
- Confience
- CloudLIMS
- Siemens
- Novatek International
- Ovation
- Illumina, Inc.
- Eusoft Srl.
- Caliber Technologies
- LabTrack
- TetraScience
- Agaram Technologies
- Datamine Corporate Limited
- Blaze Systems Corporation
- Third Wave Analytics, Inc.
Laboratory Information Management System Market Recent Development
- In April 2024, a new laboratory information management system was launched for the National Forensic Science Service (NFSS) in Belize. The new system was aimed at improving the security of the country by fostering better collaboration in the criminal justice system by transferring legacy cases from its old database to the new system.
- In December 2022, LabVantage Solutions Inc., a renowned name in the laboratory informatics business announced the launch of a new version of its flagship laboratory information management system. Version 8.8 of the LabVantage LIMS platform provides better data reviewing capabilities for its users along with features such as intelligent approvals and automatic redo calculations.
- Back in January 2021, CliniSys Inc., a leading innovator in laboratory platforms and systems announced the launch of a new laboratory information management system for genomics application in the United Kingdom. GLIMS Genomics was being deployed in the United Kingdom as genomic testing becomes a regular part of clinical practices in the country.
Laboratory Information Management System Key Market Trends
- Use of Artificial Intelligence: Laboratory information management system companies should focus on using advanced technologies such as machine learning and artificial intelligence to maximize their business scope. Use of these technologies can help streamline operations and provide more meaningful insights to optimize innovation in laboratories. Quick analysis of complex datasets can also be easily achieved through the use of AI.
- Targeting Developing Countries: Laboratory information management system companies should focus on expanding their business in developing countries such as India, China, and Brazil to boost their sales. Public and private organizations in these countries are investing in healthcare infrastructure development, which in turn, is generating new opportunities for all healthcare-related companies including laboratory information management system providers.
Laboratory Information Management System Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing adoption of automation in laboratories and growing investments in healthcare research are projected to drive up the demand for laboratory information management systems over the coming years. On the contrary, resistance to change and high initial costs are slated to slow down laboratory information management system market growth potential. North America is slated to spearhead global laboratory information management system demand outlook owing to high investments in medical R&D in this region. Demand for laboratory information management system services is slated to bring in the most revenue for market players going forward. Meanwhile, targeting developing countries such as India, China, and Brazil will offer lucrative business scope for laboratory information management system providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.95 billion |
| Market size value in 2031 | USD 2.80 billion |
| Growth Rate | 12.94% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Laboratory Information Management System Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Laboratory Information Management System Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Laboratory Information Management System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Laboratory Information Management System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Laboratory Information Management System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Laboratory Information Management System Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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