USD 2.16 Billion
Laboratory Information System Market Size, Share, Growth Analysis, By Product (Standalone LIS, Integrated LIS), By Component (Hardware, Software), By Delivery Mode (On-Premises LIS, Cloud-Based LIS), By Type, By End User, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35C2028 |
Region:
Global |
Published Date: November, 2024
Pages:
158
|Tables:
118
|Figures:
72
Laboratory Information System Market Insights
Laboratory Information System Market size was valued at USD 2.33 Billion in 2023 and is poised to grow from USD 2.58 Billion in 2024 to USD 5.91 Billion by 2032, growing at a CAGR of 10.90% during the forecast period (2025-2032).
The laboratory information system market has experienced massive growth in the last few years owing to technological advancements in pharma laboratories and an increasing demand for lab automation. Developments in R&D labs, particularly in the pharmaceutical and biotechnological labs are also positively influencing the growth of the market. The demand for laboratory information systems is increasing as many market players are constantly conducting research and development programs. This is helping them to launch better laboratory information management systems that can provide better results. Furthermore, the advancement and implementation of cloud-based laboratory information management system is also fueling the growth of the market. This is because, these labs have the potential to offer affordable options of storing data and information by saving massive amount of space. Laboratory information systems also help companies to efficiently monitor and manage samples, automate the work processes, record test results, and create reports. These factors are helping the growth of the market.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Web hosted
Fastest Growth
Cloud based
Growth Rate
6.48% CAGR
Global Laboratory Information System Market ($ Bn)
Country Share for North America Region (%)
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Laboratory Information System Market Segmental Analysis
Global Laboratory Information System Market is segmented by Product, Component, Delivery Mode, Type, End User, and Region. Based on Product, the market is segmented into Standalone LIS, and Integrated LIS. Based on Component, the market is segmented into Hardware, Services, and Software. Based on Delivery Mode, the market is segmented into On-Premises LIS, and Cloud-Based LIS. Based on Type, the market is segmented into Clinical, and Anatomical. Based on End User, the market is segmented into Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, and Other End Users. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Based on product, the market segmented into cloud-based and web-hosted. The cloud-based product segment is dominating the laboratory information system market. This is because cloud-based storage systems are accessible from several and virtually numerous access points. Furthermore, the increasing remote work culture, the flexibility provided by features like virtual access points are also vital factors driving the growth of the market. Moreover, decreased IT workforce, cost-efficient data management, and easy implementation of these factors are boosting the growth of this segment in the laboratory information system market. Laboratories in different industries are massively embracing cloud-based LIMS to improve data accessibility and collaboration while minimizing the requirement for extensive on-site IT infrastructure.
The web-hosted segment is witnessing the fastest growth in the laboratory information system market. This is mainly because of increasing adoption of web-hosted LIMS among customers. These LIMS solutions are ideal for different laboratories, like R&D departments, manufacturing businesses, public utilities, and environmental, chemical, contract, and QC labs. The web-hosted segment is also easy to access and has affordable operational expenses. This can easily become a perfect option for small to medium-sized laboratories who are trying to use the benefits of both on-premises and cloud-based systems. These factors are increasing the expansion of the web-hosted segment in the laboratory information system.
Analysis by End Use
Based on end use, the life science segment is dominating the laboratory information system market. This growth is primarily due to the huge adoptions of laboratory information management systems in the pharmaceutical sector. The lack of skilled professionals in the pharmaceutical sector has resulted in the growing demand for laboratory information management systems. This is because these systems have better potential for managing and organizing the information and data gathered globally. The result produced with the help of laboratory information management system is more precise and accurate. It makes them profitable in comparison to the manual process as there are chances of errors and it is expensive. Therefore, the entire system is cost efficient for the manufacturers, increasing its demand in the market.
The contract research organization (CROs) segment is experiencing the fastest growth in the laboratory information system market. This rapid growth of the segment is primarily due to the increasing demand for outsourcing by pharmaceutical and biotechnological organizations. There are several benefits of outsourcing like affordability and a necessity to constantly emphasize on the main abilities of the company. The pharma and biotech companies can leave the time-consuming activities of the lab work to the CROs so that their employees can focus on more important tasks. This helps in increasing the productivity and efficiency of the laboratories. Furthermore, the mutual benefits of both contractor and client with increased profitability are also propelling the growth of the segment in the market. These factors cumulatively are increasing the demand for CRO segment in the laboratory information system market.
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Laboratory Information System Market Regional Insights
Based on region, North America is dominating the with the largest market share in laboratory information system market. This growth is mainly owing to the rising demand for digital management of data and information among the market leaders. A huge amount of data which has been gathered over the period of years must be sorted and managed as per the necessity of the strategies of businesses. The level of organization which is necessity for the information collected by the laboratories has increased demand for advanced technologies. It is also increasing the need for processes which will offer better access to the necessary information from multiple sources. Furthermore, favorable policies allowing adoption of laboratory automation like EHR program are also increasing the growth of LIMS market in this region. The presence of advanced structures, rising demand for geonomics studies, and increasing government funding are also contributing to the growth.
The Asia Pacific region is witnessing the fastest growth in the laboratory information system market. The growth is mainly due to the rising medical infrastructure, along with growing awareness about the advantages of laboratory automation. Furthermore, it is also possible to gather huge amounts of data in the laboratories due to the huge population that must be managed and organized. This activity can be outsourced to the CROs who can better manage the data and increase efficiency. The increasing number of medical infrastructures in the region is also contributing to the growth of the segment in the laboratory information system market.
Global Laboratory Information System Market Market By Geography
- Largest
- Fastest
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Laboratory Information System Market Dynamics
Drivers
Increasing Necessity for Data Management and Integration
- Laboratories are generating huge amounts of data from different instruments and sources. Laboratory information systems offer a centralized platform for data storage, retrieval, and integration. It helps in efficiently managing data management and analysis so that businesses can make informed decision-making. This is increasing the usage of LIMS in the labs, resulting in the growth of the market.
Growing Focus on Quality Control and Quality Assurance
- LIMS plays a vital part in maintaining quality standards by providing tools for sample tracking, instrument calibration, and data validation. This helps the labs to make sure about the consistent and dependability laboratory results. These are extremely significant for quality control and quality assurance processes. This factor is increasing the adoption of laboratory information systems in the labs, leading to a growth in the market.
Restraints
High Maintenance Expense for Small Laboratories
- Integrating and maintaining LIMS frequently needs significant financial investments for software licenses, hardware infrastructure, and ongoing technical support. Regular updates, customization, and staff training contribute to the maintenance expenses. These expenses can prevent smaller laboratories or businesses with restricted budgets from adopting LIMS. This factor is restraining the growth of the laboratory information market immensely.
High Complexness of Integrated Systems
- Implementation of LIMS often involves incorporating with current laboratory infrastructure, like analytical instruments and other data sources. This can lead to complex and customized solutions. This complexity can become a massive difficulty during deployment that needs huge time and resources for smooth integration. The requirement for highly skilled expertise in both laboratory processes and information technology is creating a huge challenge for the market. This is hindering the growth of the market.
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Laboratory Information System Market Competitive Landscape
The global LIMS market is highly competitive. To mark their presence and gain a substantial share of the market, most of the key players in the market are introducing innovative products on the market. These companies are also engaging into business strategies such as partnerships, collaborations and acquisitions. They are also going into contractual agreements to provide advanced services to the customers. These factors are rapidly progressing the growth of laboratory information system market.
Top Player’s Company Profile
- Orchard Software Corporation (US)
- Clinisys (Roper Technologies) (UK)
- Oracle Corporation (US)
- Compugroup Medical (Germany)
- Soft Computer Consultants, Inc. (SCC Soft Computer) (US)
- American Soft Solutions Corp. (US)
- Epic Systems Corporation (US)
- Altera Digital Health (US)
- Aspyra (US)
- Comp Pro Med Inc. (US)
- Computer Service & Support, Inc. (US)
- Clinical Software Solutions (US)
- GPI S.P.A. (Italy)
- Ligolab Information System (US)
- Labware (US)
- Labvantage Solutions, Inc. (US)
- Xifin, Inc. (US)
- Seacoast Laboratory Data Systems (US)
- Veradigm LLC (US)
- Webpathlab (US)
- Apex Healthware (US)
- Technidata (France)
- Pathagility (US)
- HEX Laboratory Systems (US)
- Clinsis (US)
- Alphasoft (US)
- Dendi, Inc. (US)
Recent Developments
- In August 2023, Thermo Fisher Scientific, Inc. introduced their EXENT solution. This is an integrated and automated mass that can meet the unmet clinical requirements for innovative mass spectrometry solutions.
- In December 2022, LabVantage Solutions, Inc. introduced Version 8.8 of their patented LIMS platform. It has numerous upgrades in every component. These factors will drive the growth of the market.
- In July 2023, Siemens Healthineers launched the Atellica CI Analyzer. This is an advanced compact testing equipment designed to address lab problems.
Laboratory Information System Key Market Trends
- Increasing Demand for Cloud-Based Solution: The migration to cloud-based laboratory information (LIS) systems is a notable trend, providing scalability, flexibility, and cost-effectiveness. Cloud-based systems enable laboratories to access their data and applications from anywhere, facilitating remote work and collaboration. They also eliminate the requirement for on-site IT equipment and maintenance, which reduces total expenses. Cloud solutions provide automatic updates and upgrades, ensuring that laboratories always have access to the most recent features and security advances.
- Integration of LISM with Emerging Technologies: The incorporation of emerging technologies like artificial intelligence (AI) and machine learning (ML) is changing the LIS environment. These technologies improve data analysis capabilities, allowing scientists to detect patterns and trends that are not easily visible. AI-powered LIS can also boost diagnostic accuracy and speed by automating common processes and offering decision support. As these technologies advance, their integration with LIS will grow more complex, providing additional benefits to laboratories.
Laboratory Information 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, the global laboratory information system market is witnessing significant growth due to the increasing demand for laboratory automation and digitalization. It includes different sectors like academic institutions, biotech companies, and clinical research organizations. LIMS professionals play a vital part in system implementation, integration, and training. The market can be defined by innovations in real-time analytics, allowing drug discovery and precision medicine in the pharmaceutical and biotechnology industry. Cloud-based IT solutions offered by data center vendors and software developers improve data accessibility, scalability, and real-time analytics, supporting personalized healthcare initiatives.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.1 billion |
| Market size value in 2031 | USD 5.33 billion |
| Growth Rate | 10.90% |
| 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 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 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 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 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 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 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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