Laboratory Information Management System Market Size, Share | Report 2023-2032
]The global laboratory information management system market was surpassed at USD 2.1 billion in 2022 and is expected to hit around USD 4.03 billion by 2032, growing at a CAGR of 6.73% from 2023 to 2032.
Key Pointers
Report Scope of the Laboratory Information Management System Market
| Report Coverage | Details |
| Market Size in 2022 | USD 2.1 billion |
| Revenue Forecast by 2032 | USD 4.03 billion |
| Growth rate from 2023 to 2032 | CAGR of 6.73% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Thermo Fisher Scientific; Siemens; LabVantage Solutions Inc.; LabWare; PerkinElmer Inc.; Abbott Laboratories; Autoscribe Informatics; Illumina, Inc.; Labworks; LabLynx, Inc.; Computing Solutions, Inc.; CloudLIMS.com; Ovation; LABTRACK; AssayNet |
Technological advancements pertinent to pharmaceutical laboratories and the rising demand for lab automation are expected to fuel the demand for these systems in the years to come. Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable positive industry growth. In addition, low cost of implementation, efficient time management, and compliance with GDP, GCP & GMP are other major factors driving the growth of the Laboratory Information Management System (LIMS) industry.
Collaborations, partnerships, acquisitions, and product approvals & launches have significantly impacted the market in recent years. Furthermore, there has been a significant rise in the demand for LIMS due to its increasing awareness, which, in turn, is fueling market growth. Rising automation in laboratories, increasing demands of regulatory compliance, technological advancements in LIMS, growing awareness through conferences, workshops, and seminars, and increasing R&D expenditure are also among the major factors driving global market growth.
During the COVID-19 pandemic, the demand for 24/7 laboratory testing services experienced a surge. Moreover, clinical laboratories were operating at full capacity, which resulted in significant stress for the laboratory personnel as well as the laboratory infrastructure. Such stressful environments are very undesirable, especially when laboratories are equipped with a large number of dangerous chemicals capable of causing biohazards every day. This, in turn, is encouraging the implementation of LIMS solutions to streamline workflows by global benchmarks.
Regional Insights
The North America regional market accounted for the highest revenue share of more than 44.07% in 2022. The dominance is due to the supportive policies facilitating laboratory automation adoption, such as EHR programs. In addition, the presence of advanced infrastructure, increasing demand for genomic studies, and increased government funding are some other factors responsible for the region's high share.
The LIMS industry in Asia Pacific is anticipated to exhibit lucrative growth during the forecast period owing to an increase in the demand for CROs providing LIMS. Emerging economies such as India and Japan remain prime outsourcing hubs due to the availability of skilled manpower and low costs. Moreover, several biopharma players are shifting their manufacturing plants to Asia Pacific for low-cost production. This is creating significant demand for LIMS in Asian countries.
Nevertheless, the COVID-19 pandemic 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. China, Singapore, India, Brazil, Japan, and Middle Eastern countries are the major upcoming markets for LIMS. These markets are home to lackluster government regulations and international standards, thus, providing immense potential for vendors that can meet the standards implemented in developed countries, such as the U.S.
Laboratory Information Management System Market Segmentations:
| By Product | By Component | By End-use |
|
On-premise Web-hosted Cloud-based |
Software Services |
Life Sciences CROs Petrochemical Refineries & Oil and Gas Industry Chemical Industry Food and Beverage & Agriculture Industries Environmental Testing Laboratories Other Industries (Forensics and Metal & Mining Laboratories) |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Product Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Laboratory Information Management System Market
5.1. COVID-19 Landscape: Laboratory Information Management System Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Laboratory Information Management System Market, By Product
8.1. Laboratory Information Management System Market, by Product, 2023-2032
8.1.1 On-premise
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Web-hosted
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Cloud-based
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Laboratory Information Management System Market, By Component
9.1. Laboratory Information Management System Market, by Component, 2023-2032
9.1.1. Software
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Services
9.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Laboratory Information Management System Market, By End-use
10.1. Laboratory Information Management System Market, by End-use, 2023-2032
10.1.1. Life Sciences
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. CROs
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Petrochemical Refineries & Oil and Gas Industry
10.1.3.1. Market Revenue and Forecast (2020-2032)
10.1.4. Chemical Industry
10.1.4.1. Market Revenue and Forecast (2020-2032)
10.1.5. Food and Beverage & Agriculture Industries
10.1.5.1. Market Revenue and Forecast (2020-2032)
10.1.6. Environmental Testing Laboratories
10.1.6.1. Market Revenue and Forecast (2020-2032)
10.1.7. Other Industries (Forensics and Metal & Mining Laboratories)
10.1.7.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Laboratory Information Management System Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.2. Market Revenue and Forecast, by Component (2020-2032)
11.1.3. Market Revenue and Forecast, by End-use (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.1.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.1.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.1.5.3. Market Revenue and Forecast, by End-use (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.2. Market Revenue and Forecast, by Component (2020-2032)
11.2.3. Market Revenue and Forecast, by End-use (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.2.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.2.5.3. Market Revenue and Forecast, by End-use (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.6.2. Market Revenue and Forecast, by Component (2020-2032)
11.2.6.3. Market Revenue and Forecast, by End-use (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.2.7.2. Market Revenue and Forecast, by Component (2020-2032)
11.2.7.3. Market Revenue and Forecast, by End-use (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.2. Market Revenue and Forecast, by Component (2020-2032)
11.3.3. Market Revenue and Forecast, by End-use (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.3.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.3.5.3. Market Revenue and Forecast, by End-use (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.6.2. Market Revenue and Forecast, by Component (2020-2032)
11.3.6.3. Market Revenue and Forecast, by End-use (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.3.7.2. Market Revenue and Forecast, by Component (2020-2032)
11.3.7.3. Market Revenue and Forecast, by End-use (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.4.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.4.5.3. Market Revenue and Forecast, by End-use (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.6.2. Market Revenue and Forecast, by Component (2020-2032)
11.4.6.3. Market Revenue and Forecast, by End-use (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Product (2020-2032)
11.4.7.2. Market Revenue and Forecast, by Component (2020-2032)
11.4.7.3. Market Revenue and Forecast, by End-use (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.5.3. Market Revenue and Forecast, by End-use (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.4.2. Market Revenue and Forecast, by Component (2020-2032)
11.5.4.3. Market Revenue and Forecast, by End-use (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Product (2020-2032)
11.5.5.2. Market Revenue and Forecast, by Component (2020-2032)
11.5.5.3. Market Revenue and Forecast, by End-use (2020-2032)
Chapter 12. Company Profiles
12.1. Thermo Fisher Scientific
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Siemens
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. LabVantage Solutions Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. LabWare
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. PerkinElmer Inc.
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Abbott Laboratories
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Autoscribe Informatics
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Illumina, Inc.
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Labworks
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. LabLynx, Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers