Laboratory Information Management System Market Size, Share & Trends Analysis Report By Product (Cloud-based, Web-based), By Component (Software, Services), By End Use (Life Sciences, CROs), And Segment Forecasts, 2022 - 2030

Report Overview

The global laboratory information management system market size was valued at USD 1.85 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. 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 for laboratory information management systems. 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) Market.

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 the market growth. Rising automation in laboratories, increasing need for regulatory compliance, technological advancements in LIMS, growing awareness through conferences, workshops, & seminars, and increasing R&D expenditure are also among the major factors driving the global market growth.

During the COVID-19 pandemic, the demand for 24/7 laboratory testing services experienced a surge and clinical laboratories were operating at full capacity, which resulted in significant stress on the laboratory personnel as well as its infrastructure. Such stressful environments are very undesirable when the laboratories have a large number of potential biohazardous samples every day. This, in turn, is encouraging the implementation of LIMS to streamline the workflows at a global level.

Product Insights

On the basis of products, the global market has been segmented into on-premise, web-hosted, and cloud-based. Technical considerations are of utmost importance while purchasing any laboratory informatics solution. Organizations assess the requirements of the solution as well as their IT infrastructure. This enables an organization to choose between on-premise, web-based, and cloud-based solutions. The cloud-based product segment dominated the market in 2021 and accounted for a share of more than 42.5% of the global revenue. The segment is estimated to retain its leading position growing at the fastest CAGR over the forecast period. The data can be accessed from multiple locations, multiple systems, and multiple branches and these are the key factors attributing to the dominance of the cloud-based products segment.

In addition, reduced IT manpower, cost-effective data management, and easy deployability are some other factors driving the segment growth. The web-hosted segment accounted for the second-largest revenue share owing to the high adoption of web-hosted LIMS among the customers. These LIMS are suitable for a wide range of laboratories, including R&D departments, manufacturing companies, public utilities, and environmental, chemical, contract, and QC labs. The on-premise segment is also expected to grow at a significant CAGR from 2022 to 2030 as it is more customized and reliable as compared to other LIMS services and, thus, expected to gain more popularity over the coming years.

Component Insights

On the basis of components, the market has been bifurcated into software and services. The services segment dominated the market and accounted for more than 58% share of the global revenue in 2021. This is due to the increased need for LIMS implementation, integration, maintenance, validation, and support. Moreover, the high demand for LIMS outsourcing solutions is expected to drive the segment growth. Large pharmaceutical research labs lack resources and skills required for the deployment of analytics, thus, these services are outsourced. This outsourcing can be short term, project-based, or a long-term contract.

These services are offered in packages, and these packages include compliance pertaining to promotional spend, social media analytics, predictive analytics for medical devices failure, benchmarking services, and others. The software segment is expected to show steady growth over the forecast period due to the advancement of a software system from SaaS to more advanced PaaS, CaaS, and community networks. The market players are constantly adopting differnert strategies and promoting market growth. In September 2020, IDBS publicized a combination between the E-WorkBook electronic laboratory notebook and SCIEX Analyst Software. Thus it helps in expanding the company’s present family of integrations.

End-use Insights

On the basis of end uses, the market has been divided into life sciences, Contract Research Organizations (CROs), petrochemical refineries and oil & gas industry, chemical industry, food & beverage & agriculture industries, environmental testing laboratories, and other industries including forensic, metal & mining laboratories. The life sciences end-use segment accounted for the largest share of more than 40% of the global revenue in 2021. This is owing to the high adoption of LIMS in pharmaceutical laboratories. Lack of in-house qualified resources, higher productivity, cost efficiency, increasing demand for biobanks and biorepositories are also expected to bolster the growth of this segment.

The Contract Research Organizations (CROs) segment is expected to register the fastest growth rate from 2022 to 2030. This rapid growth can be attributed to the increasing demand for outsourcing by pharmaceutical and biotechnological companies. In addition, various associated advantages, such as cost efficiency, focus on major competencies, and mutual benefits to both contractor &client, are anticipated to drive the growth of this segment over the forecast period.

Regional Insights

The North America regional market accounted for the maximum share of more than 45% of the global revenue in 2021. The dominance is owing 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 rising government funding are some other factors responsible for the region's high share. AsiaPacific is expected to be the fastest-growing regional market over the forecast period on account of the increasing number of LIMS-providing CROs in this region. According to the Global Services Location Index (GSLI) rating, in 2016, India ranked first among 55 analyzed countries in outsourcing for web-enabled services.

Moreover, several biopharma players are shifting their manufacturing plants in Asia Pacific for low-cost production. This is creating significant demand for LIMS in Asian countries. Nevertheless, the COVID-19 pandemic had 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 lack government regulations and proper standards, thus, providing immense potential for vendors that are unable to meet the standards implemented in developed countries, such as the U.S.

Key Companies & Market Share Insights

The global market is 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. For instance, in June 2020, Labware announced the production release of its enterprise laboratory platform, Labware 8. Furthermore, in July 2019, Abbott launched STARLIMS Life Sciences Solution 11.1 to manage complex sample and testing workflows.

In addition, technological advancements offered by major players in the market are anticipated to boost the competition. For instance, in July 2020, LabVantage Solutions launched its fully integrated Scientific Data Management System (SDMS) through its LabVantage 8.5 edition. These factors are expected to boost the growth of the market over the forecast period.Some of the prominent players in the global laboratory information management system market include:

• 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

Laboratory Information Management System Market Report Scope

Report Attribute	Details
The market size value in 2022	USD 2,078 million
Revenue forecast in 2030	USD 3,562.4 million
Growth rate	CAGR of 7.0% from 2022 to 2030
Base year for estimation	2021
Historical data	2017- 2020
Forecast period	2022 - 2030
Quantitative units	Revenue in USD million/billion and CAGR from 2022 to 2030
Report coverage	Revenue forecast, company share, competitive landscape, growth factors and trends
Segments covered	Product, component, end use, region
Regional scope	North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country Scope	U.S.; Canada; U.K.; Germany; France; Italy; Spain; Russia; Japan; China; India; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE, Qatar
Key companies profiled	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
Customization scope	Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope
革命制度党cing and purchase options	Avail customized purchase options to meet your exact research needs.Explore purchase options

Segments Covered in the Report

这份报告预测收入增长在全球、再保险gional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global laboratory information management system market report on the basis of product, component, end use, and region:

• Product Outlook (Revenue, USD Million, 2017 - 2030)

  • On Premise

  • Web-hosted

  • Cloud-based

• Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Software

  • ayx爱游戏热门直播

• End-use Outlook (Revenue, USD Million, 2017 - 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, 2017 - 2030)

  • North America

  • U.S.

  • Canada

  • Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

  • Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Latin America

  • Brazil

  • Mexico

  • Argentina

  • Middle East & Africa

  • Saudi Arabia

  • UAE

  • South Africa

  • Qatar