Laboratory Information Management System Market - Factors Driving Growth Post 2024: Forecast 2030

 

Laboratory Information Management System Industry Overview

The global laboratory information management system market size was valued at USD 2.3 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. 

Technological advancements pertinent to pharmaceutical laboratories and a rise in demand for lab automation are expected to fuel the demand for these systems in the coming years. Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable positive industry growth.

Gather more insights about the market drivers, restrains and growth of the Laboratory Information Management System Market

In addition, low cost of implementation, efficient time management, and compliance with GDP, GCP & GMP are other major factors driving Laboratory Information Management System (LIMS) industry growth.

Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market report based on product, component, end-use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

·         On-premise

·         Web-hosted

·         Cloud-based

Component Outlook (Revenue, USD Million, 2018 - 2030)

·         Software

·         Services

End-use Outlook (Revenue, USD Million, 2018 - 2030)

·         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)

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

·         US

·         Canada

Europe

·         Germany

·         UK

·         France

·         Italy

·         Spain

·         Sweden

·         Denmark

·         Norway

Asia Pacific

·         China

·         India

·         Japan

·         Australia

·         South Korea

·         Thailand

Latin America

·         Brazil

·         Mexico

·         Argentina

MEA

·         South Africa

·         Saudi Arabia

·         UAE

·         Kuwait

Browse through Grand View Research's Healthcare IT Industry Research Reports.

The global medical kiosk market size was valued at USD 1.42 billion in 2023 and is projected to grow at a CAGR of 15.1% from 2024 to 2030. 

The global physician advisory services market size was estimated at USD 4.25 billion in 2023 and is estimated to grow at a CAGR of 6.8% from 2024 to 2030.

Key Companies & Market Share Insights

The global LIMS industry remains highly competitive. Key companies are involved in acquisitions, strategic collaborations, and new product launches to withstand the competition. Companies are focusing on implementing strategies, such as new product launches, regional expansion, partnerships, and distribution agreements, to increase their revenue share.

In August 2023, Thermo Fisher Scientific, Inc. launched the EXENT solution, a fully integrated and automated mass to meet the unmet clinical needs for innovative mass spectrometry solutions to transform monoclonal gammopathy management.  

In December 2022, LabVantage Solutions, Inc. released Version 8.8 of its flagship LIMS platform, which features a multitude of upgrades across all components. These factors are expected to boost the growth of the market over the forecast period.

Key Laboratory Information Management System Companies:

·         Thermo Fisher Scientific Inc.

·         Siemens

·         LabVantage Solutions Inc.

·         LabWare

·         PerkinElmer Inc.

·         Abbott

·         Autoscribe Informatics

·         Illumina, Inc.

·         Labworks

·         LabLynx, Inc.

·         Computing Solutions, Inc.

·         CloudLIMS.com (LabSoft LIMS)

·         Ovation

·         LABTRACK

·         AssayNet Inc.

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