Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Laboratory Information Management Systems Market By Product By Deployment Model By Component By Application By Modules and Region Forecast 2019-2030
Laboratory Information Management Systems (LIMS) Market size was valued at US$ 2.32 billion in 2023 and is poised to grow at a CAGR of 7.9% from 2024 to 2030. A laboratory information management system is also known as a laboratory management system, a software system enables support laboratory operations that can track workflow and specimens, aggregate data for research or business intelligence purposes, and ensure laboratory operations are compliant with various regulations and standards. LIMS enables labs to produce accurate, reliable, reproducible, and faster data. Laboratory information management systems which are developed by the producers may not be useful for all end users. Hence, LIMS producers offer customized solutions for the customers that are specifically tailored according to the requirements and budget of the user to help better return on investment (ROI).
LIMS producers are developing multimodality systems able to integrate the entire process of hospitals, clinical laboratories, or clinics and help the end user to reduce operational costs. The increasing proliferation of smartphones, mobile solutions, e-services, and point-of-care trends is expected to propel the usage of LIMS and thereby, increase the growth of the LIMS market. The high maintenance and service costs of the market are significant market limitations.
According to industry analysts, the cost of maintaining IT solutions is higher than the cost of the product itself. Service and maintenance (which includes software updates to meet changing user requirements) is a recurring expense that accounts for nearly 20-30% of the total cost of ownership. Furthermore, training and implementation costs account for about 15% of the total cost. Many small and medium-sized laboratories find it difficult to invest in these systems as a result of these constraints, restricting their adoption. However, as cloud-based LIMS solutions become more prevalent, the impact of this limitation is projected to diminish in the future years.
Study Period
2024-2030Base Year
2023CAGR
7.9%Largest Market
North AmericaFastest Growing Market
Asia Pacific
LIMS provides the wide range of applications to biopharmaceutical companies to address the key challenges in drug development process. Increase in inclination towards the LIMS, rising adoption of advanced technologies, increase in maintenance of precise and accurate data regarding bioanalysis, invitro pharmacokinetic studies, discovery, R&D and QA/QC are the few factors which propelled the growth of Laboratory information management systems market. However, lack of skilled professionals to manage the technology and high-cost association are the few restraints expected to hamper the growth of the laboratory information management systems market.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 2.32 billion |
Market CAGR |
7.9% |
By Product |
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By Deployment Mode |
|
By Component |
|
By Application |
|
By Region |
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The global laboratory information management systems market size was valued at US$ 2.32 billion in 2023 and is projected to grow at a CAGR of 7.9%
The increasing proliferation of smartphones, mobile solutions, e-services, and point-of-care trends is expected to propel the usage of LIMS
The key companies in the market are Thermo Fisher Scientific, Inc. (U.S.) LabVantage Solutions, Inc. (U.S.) LabWare, Inc. (U.S.) Autoscribe Informatics (U.K.) Illumina, Inc. (Canada) Abbott Informatics (U.S.) LabLynx, Inc. (U.S.) Computing Solutions, Inc. (U.S.)
1.Executive Summary |
2.Global Laboratory Information Management Introduction |
2.1.Global Laboratory Information Management - Taxonomy |
2.2.Global Laboratory Information Management - Definitions |
2.2.1.Product |
2.2.2.Deployment Mode |
2.2.3.Component |
2.2.4.Application |
2.2.5.Region |
3.Global Laboratory Information Management Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Laboratory Information Management Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Laboratory Information Management By Product , 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Industry-specific LIMS |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Broad-based LIMS |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6.Global Laboratory Information Management By Deployment Mode, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Remotely |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. On-premise |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Cloud-based |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
7.Global Laboratory Information Management By Component, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Services |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Software |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
8.Global Laboratory Information Management By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. Pharma & Biotech Industry |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Food and Beverages Industry |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Others |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9.Global Laboratory Information Management By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10.North America Laboratory Information Management ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Product Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Industry-specific LIMS |
10.1.2.Broad-based LIMS |
10.2. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Remotely |
10.2.2.On-premise |
10.2.3.Cloud-based |
10.3. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Services |
10.3.2.Software |
10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Pharma & Biotech Industry |
10.4.2.Food and Beverages Industry |
10.4.3.Others |
10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11.Europe Laboratory Information Management ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Industry-specific LIMS |
11.1.2.Broad-based LIMS |
11.2. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Remotely |
11.2.2.On-premise |
11.2.3.Cloud-based |
11.3. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Services |
11.3.2.Software |
11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Pharma & Biotech Industry |
11.4.2.Food and Beverages Industry |
11.4.3.Others |
11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12.Asia Pacific (APAC) Laboratory Information Management ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Industry-specific LIMS |
12.1.2.Broad-based LIMS |
12.2. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Remotely |
12.2.2.On-premise |
12.2.3.Cloud-based |
12.3. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Services |
12.3.2.Software |
12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Pharma & Biotech Industry |
12.4.2.Food and Beverages Industry |
12.4.3.Others |
12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13.Middle East and Africa (MEA) Laboratory Information Management ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Industry-specific LIMS |
13.1.2.Broad-based LIMS |
13.2. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Remotely |
13.2.2.On-premise |
13.2.3.Cloud-based |
13.3. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Services |
13.3.2.Software |
13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Pharma & Biotech Industry |
13.4.2.Food and Beverages Industry |
13.4.3.Others |
13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14.Latin America Laboratory Information Management 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
14.1. Product Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Industry-specific LIMS |
14.1.2.Broad-based LIMS |
14.2. Deployment Mode Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Remotely |
14.2.2.On-premise |
14.2.3.Cloud-based |
14.3. Component Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Services |
14.3.2.Software |
14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Pharma & Biotech Industry |
14.4.2.Food and Beverages Industry |
14.4.3.Others |
14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
15.2.1.Thermo Fisher Scientific, Inc. (U.S.) |
15.2.2.LabVantage Solutions, Inc. (U.S.) |
15.2.3.LabWare, Inc. (U.S.) |
15.2.4.Autoscribe Informatics (U.K.) |
15.2.5.Illumina, Inc. (Canada) |
15.2.6.Abbott Informatics (U.S.) |
15.2.7.LabLynx, Inc. (U.S.) |
15.2.8.Computing Solutions, Inc. (U.S.) |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players