Global Laboratory Information Management System Report Thumbnail

Global Laboratory Information Management System Market by Product (Web-hosted, Cloud-based), by End-use (Life Sciences, CROs), by Component (Services, Software) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: IC-72682
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 96
  • No. Of Pages: 200
  • Format:
  • Pub. Date: 2021-10-21
  • Share:

Summary of the Report

Global laboratory information management systems market was valued at USD 1.01 billion in 2020. It is projected to grow at a compound annual rate (CAGR of 4.0%) between 2021 and 2028. The rising demand for laboratory automation is expected to drive the demand for the laboratory management system (LIMS).

The demand for 24/7 laboratory testing during the COVID-19 pandemic resulted in a significant increase in laboratory staff and infrastructure. These stressful situations are extremely undesirable, especially when laboratories receive a lot of potentially biohazardous specimens every day. Delays in testing these samples can lead to delayed clinical decision-making and, consequently, congestion in emergency departments and isolation units. The potential of LIMS' to streamline all phases (i.e. During the COVID-19 pandemic, it was beneficial to have pre-analytical and analytical phases.

Positive industry growth is expected for laboratory information management systems due to technological and pharmaceutical advances. The market for laboratory information management systems is driven by low implementation costs, efficient time management, and compliance with GDP, GCP and GMP.

Market growth will also be driven by technological advances made by market leaders in laboratory information management system. LabVantage Solutions, for instance, launched in July 2020 its fully integrated scientific information management system (SDMS). It is available through the LabVantage edition 8.5. These factors increase the market growth for laboratory information management systems.

Product Insights

Cloud-based segments dominated the market in laboratory information management systems and held the largest revenue share at 41.0% in 2020. These key factors have contributed to the cloud-based segment's dominance during the forecast period. The data can be accessed from multiple locations and multiple systems as well as multiple branches. The segment's growth is also due to its cost-effective data management and ease of deployment.

Due to its high acceptance rate by customers, the web-hosted segment was the second-largest in terms of revenue. Because it is more customizable and reliable than other LIMS services, the on-premise segment will continue to grow and is expected to increase in popularity.

Component Insights

Services dominated the market in laboratory information management systems and was responsible for the highest revenue share at 57.9% in 2020. This is due in part to the growing demand for LIMS integration, maintenance, validation, support, and implementation. The segment will also be driven by the growing demand for outsourcing LIMS solutions. Due to the development of software systems from SaaS to more advanced PaaS and CaaS as well as community networks, the software segment will see steady growth in the laboratory information management market.

End-use Insights

In 2020, the market for laboratory information management systems was dominated by the life sciences segment. It accounted for 40.6% of the total revenue. This is due to the increasing use of LIMS in pharmaceutical labs. This segment is expected to grow due to the lack of qualified staff, increased productivity, cost efficiency and increasing demand for biobanks.

Due to increasing outsourcing demand by biotechnological and pharmaceutical companies, the contract research organization (CRO), segment will experience lucrative growth in the laboratory information management market. The segment is also driven by associated advantages like cost efficiency, focus upon major competencies, and mutual benefits for both client and contractor.

Regional Insights

North America was the dominant market for laboratory information management systems in 2020, accounting for 46.0% of the total revenue. This dominance can be attributed to the support policies that facilitate laboratory automation adoption, such as EHR programs. The market is also growing due to the availability of advanced infrastructure, rising demand for genomic studies and rising government funding.

Asia Pacific is expected to see the highest CAGR for laboratory information management systems due to the growing number of LIMS-provider CROs. Major players seek out LIMS outsourcing from CROs located in the region to lower the cost of LIMS support and increase operational efficiency. India and China are major outsourcing hubs in developing economies. The Chinese Ministry of Health has created an action plan to deploy e-health-related solutions in geographically dispersed areas of the country. It covers broad areas of medicine and insurance, with a strong focus on electronic record systems that allow data sharing within the national healthcare system.

Market Share Insights & Key Companies

Market leaders participate in acquisitions, strategic collaborations and product launches to stay ahead of the competition. In March 2021 Autoscribe Informatics launched an updated version its Regulated Manufacturing LIMS. This configured solution is based on the Matrix Gemini LIMS. This product is suitable for all manufacturing companies, even those in highly regulated sectors like pharmaceuticals and medical devices. Autoscribe Informatics expanded its product range with this initiative. Labware also announced in June 2020 the production release Labware 8, its enterprise lab platform. Among the leading players in the market for laboratory information management systems (LIMS), are:

  • Thermo Fisher Scientific

  • Siemens

  • LabVantage Solutions Inc.

  • LabWare

  • PerkinElmer Inc.

  • Abbott Laboratories

  • Autoscribe Informatics

  • Illumina, Inc.

  • Labworks

  • LabLynx, Inc.

Up Market Research published a new report titled “Laboratory Information Management System Market research report which is segmented by Product (Web-hosted, Cloud-based), by End-use (Life Sciences, CROs), by Component (Services, Software), By Players/Companies LabWare, Thermo Fisher Scientific, Labworks, Illumina Inc, LabLynx Inc, PerkinElmer Inc, Abbott Laboratories, Siemens, Autoscribe Informatics, LabVantage Solutions Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleLaboratory Information Management System Market Research Report
By ProductWeb-hosted, Cloud-based
By End-useLife Sciences, CROs
By ComponentServices, Software
By CompaniesLabWare, Thermo Fisher Scientific, Labworks, Illumina Inc, LabLynx Inc, PerkinElmer Inc, Abbott Laboratories, Siemens, Autoscribe Informatics, LabVantage Solutions Inc
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages200
Number of Tables & Figures140
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Laboratory Information Management System Industry Outlook

Global Laboratory Information Management System Market Report Segments:

The market is segmented by Product (Web-hosted, Cloud-based), by End-use (Life Sciences, CROs), by Component (Services, Software).

Laboratory Information Management System Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Laboratory Information Management System Market

Overview of the regional outlook of the Laboratory Information Management System Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Laboratory Information Management System Market Overview

Highlights of The Laboratory Information Management System Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Laboratory Information Management System Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Product:

                1. Web-hosted

                2. Cloud-based

        7. By End-use:

                1. Life Sciences

                2. CROs

        8. By Component:

                1. Services

                2. Software

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Laboratory Information Management System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Laboratory Information Management System Market Trends

Reasons to Purchase the Laboratory Information Management System Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Laboratory Information Management System Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Laboratory Information Management System Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Laboratory Information Management System Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Laboratory Information Management System Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Laboratory Information Management System Market Size & Forecast, 2018-2028 
      4.5.1 Laboratory Information Management System Market Size and Y-o-Y Growth 
      4.5.2 Laboratory Information Management System Market Absolute $ Opportunity 


Chapter 5 Global Laboratory Information Management System Market Analysis and Forecast by Product
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Product
      5.1.2 Basis Point Share (BPS) Analysis by Product
      5.1.3 Absolute $ Opportunity Assessment by Product
   5.2 Laboratory Information Management System Market Size Forecast by Product
      5.2.1 Web-hosted
      5.2.2 Cloud-based
   5.3 Market Attractiveness Analysis by Product

Chapter 6 Global Laboratory Information Management System Market Analysis and Forecast by End-use
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by End-use
      6.1.2 Basis Point Share (BPS) Analysis by End-use
      6.1.3 Absolute $ Opportunity Assessment by End-use
   6.2 Laboratory Information Management System Market Size Forecast by End-use
      6.2.1 Life Sciences
      6.2.2 CROs
   6.3 Market Attractiveness Analysis by End-use

Chapter 7 Global Laboratory Information Management System Market Analysis and Forecast by Component
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Component
      7.1.2 Basis Point Share (BPS) Analysis by Component
      7.1.3 Absolute $ Opportunity Assessment by Component
   7.2 Laboratory Information Management System Market Size Forecast by Component
      7.2.1 Services
      7.2.2 Software
   7.3 Market Attractiveness Analysis by Component

Chapter 8 Global Laboratory Information Management System Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Laboratory Information Management System Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region

Chapter 9 Coronavirus Disease (COVID-19) Impact 
   9.1 Introduction 
   9.2 Current & Future Impact Analysis 
   9.3 Economic Impact Analysis 
   9.4 Government Policies 
   9.5 Investment Scenario

Chapter 10 North America Laboratory Information Management System Analysis and Forecast
   10.1 Introduction
   10.2 North America Laboratory Information Management System Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Laboratory Information Management System Market Size Forecast by Product
      10.6.1 Web-hosted
      10.6.2 Cloud-based
   10.7 Basis Point Share (BPS) Analysis by Product 
   10.8 Absolute $ Opportunity Assessment by Product 
   10.9 Market Attractiveness Analysis by Product
   10.10 North America Laboratory Information Management System Market Size Forecast by End-use
      10.10.1 Life Sciences
      10.10.2 CROs
   10.11 Basis Point Share (BPS) Analysis by End-use 
   10.12 Absolute $ Opportunity Assessment by End-use 
   10.13 Market Attractiveness Analysis by End-use
   10.14 North America Laboratory Information Management System Market Size Forecast by Component
      10.14.1 Services
      10.14.2 Software
   10.15 Basis Point Share (BPS) Analysis by Component 
   10.16 Absolute $ Opportunity Assessment by Component 
   10.17 Market Attractiveness Analysis by Component

Chapter 11 Europe Laboratory Information Management System Analysis and Forecast
   11.1 Introduction
   11.2 Europe Laboratory Information Management System Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Laboratory Information Management System Market Size Forecast by Product
      11.6.1 Web-hosted
      11.6.2 Cloud-based
   11.7 Basis Point Share (BPS) Analysis by Product 
   11.8 Absolute $ Opportunity Assessment by Product 
   11.9 Market Attractiveness Analysis by Product
   11.10 Europe Laboratory Information Management System Market Size Forecast by End-use
      11.10.1 Life Sciences
      11.10.2 CROs
   11.11 Basis Point Share (BPS) Analysis by End-use 
   11.12 Absolute $ Opportunity Assessment by End-use 
   11.13 Market Attractiveness Analysis by End-use
   11.14 Europe Laboratory Information Management System Market Size Forecast by Component
      11.14.1 Services
      11.14.2 Software
   11.15 Basis Point Share (BPS) Analysis by Component 
   11.16 Absolute $ Opportunity Assessment by Component 
   11.17 Market Attractiveness Analysis by Component

Chapter 12 Asia Pacific Laboratory Information Management System Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Laboratory Information Management System Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Laboratory Information Management System Market Size Forecast by Product
      12.6.1 Web-hosted
      12.6.2 Cloud-based
   12.7 Basis Point Share (BPS) Analysis by Product 
   12.8 Absolute $ Opportunity Assessment by Product 
   12.9 Market Attractiveness Analysis by Product
   12.10 Asia Pacific Laboratory Information Management System Market Size Forecast by End-use
      12.10.1 Life Sciences
      12.10.2 CROs
   12.11 Basis Point Share (BPS) Analysis by End-use 
   12.12 Absolute $ Opportunity Assessment by End-use 
   12.13 Market Attractiveness Analysis by End-use
   12.14 Asia Pacific Laboratory Information Management System Market Size Forecast by Component
      12.14.1 Services
      12.14.2 Software
   12.15 Basis Point Share (BPS) Analysis by Component 
   12.16 Absolute $ Opportunity Assessment by Component 
   12.17 Market Attractiveness Analysis by Component

Chapter 13 Latin America Laboratory Information Management System Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Laboratory Information Management System Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Laboratory Information Management System Market Size Forecast by Product
      13.6.1 Web-hosted
      13.6.2 Cloud-based
   13.7 Basis Point Share (BPS) Analysis by Product 
   13.8 Absolute $ Opportunity Assessment by Product 
   13.9 Market Attractiveness Analysis by Product
   13.10 Latin America Laboratory Information Management System Market Size Forecast by End-use
      13.10.1 Life Sciences
      13.10.2 CROs
   13.11 Basis Point Share (BPS) Analysis by End-use 
   13.12 Absolute $ Opportunity Assessment by End-use 
   13.13 Market Attractiveness Analysis by End-use
   13.14 Latin America Laboratory Information Management System Market Size Forecast by Component
      13.14.1 Services
      13.14.2 Software
   13.15 Basis Point Share (BPS) Analysis by Component 
   13.16 Absolute $ Opportunity Assessment by Component 
   13.17 Market Attractiveness Analysis by Component

Chapter 14 Middle East & Africa (MEA) Laboratory Information Management System Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Laboratory Information Management System Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Laboratory Information Management System Market Size Forecast by Product
      14.6.1 Web-hosted
      14.6.2 Cloud-based
   14.7 Basis Point Share (BPS) Analysis by Product 
   14.8 Absolute $ Opportunity Assessment by Product 
   14.9 Market Attractiveness Analysis by Product
   14.10 Middle East & Africa (MEA) Laboratory Information Management System Market Size Forecast by End-use
      14.10.1 Life Sciences
      14.10.2 CROs
   14.11 Basis Point Share (BPS) Analysis by End-use 
   14.12 Absolute $ Opportunity Assessment by End-use 
   14.13 Market Attractiveness Analysis by End-use
   14.14 Middle East & Africa (MEA) Laboratory Information Management System Market Size Forecast by Component
      14.14.1 Services
      14.14.2 Software
   14.15 Basis Point Share (BPS) Analysis by Component 
   14.16 Absolute $ Opportunity Assessment by Component 
   14.17 Market Attractiveness Analysis by Component

Chapter 15 Competition Landscape 
   15.1 Laboratory Information Management System Market: Competitive Dashboard
   15.2 Global Laboratory Information Management System Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      15.3.1 LabWare
      15.3.2 Thermo Fisher Scientific
      15.3.3 Labworks
      15.3.4 Illumina Inc
      15.3.5 LabLynx Inc
      15.3.6 PerkinElmer Inc
      15.3.7 Abbott Laboratories
      15.3.8 Siemens
      15.3.9 Autoscribe Informatics
      15.3.10 LabVantage Solutions Inc
Segments Covered in the Report
The global Laboratory Information Management System market has been segmented based on

By Product
  • Web-hosted
  • Cloud-based
By End-use
  • Life Sciences
  • CROs
By Component
  • Services
  • Software
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • LabWare
  • Thermo Fisher Scientific
  • Labworks
  • Illumina Inc
  • LabLynx Inc
  • PerkinElmer Inc
  • Abbott Laboratories
  • Siemens
  • Autoscribe Informatics
  • LabVantage Solutions Inc

Buy Report