Laboratory Information Management Systems (LIMS): Global Market Overview 2024

"The Business Research Company a report, titled, 'Laboratory Information Management System Global Market Report 2024 - By Component (Software, Services), By Deployment Model (On-Premise Laboratory Information Management System (LIMS), Cloud Laboratory Information Management System (LIMS), Remotely Hosted Laboratory Information Management System (LIMS)), By Distribution Channel (Direct Tenders, Retail Sales), By End-Use (Life Sciences, Contract Research Organizations (CROs), Petrochemical Refineries And Oil And Gas Industry, Chemical Industry, Food And Beverage And Agriculture Industries, Environmental Testing Laboratories, Other Industries (Forensics And Metal And Mining Laboratories)) - Market Size, Trends, And Global Forecast 2024-2033Laboratory Information Management System Global Market Report 2024 - By Component (Software, Services), By Deployment Model (On-Premise Laboratory Information Management System (LIMS), Cloud Laboratory Information Management System (LIMS), Remotely Hosted Laboratory Information Management System (LIMS)), By Distribution Channel (Direct Tenders, Retail Sales), By End-Use (Life Sciences, Contract Research Organizations (CROs), Petrochemical Refineries And Oil And Gas Industry, Chemical Industry, Food And Beverage And Agriculture Industries, Environmental Testing Laboratories, Other Industries (Forensics And Metal And Mining Laboratories)) - Market Size, Trends, And Global Forecast 2024-2033'. According to the report, The laboratory information management system market size is expected to see rapid growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.

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Report Coverage & Details:

• Forecast Period: 2024-2033
• Base Year: 2023
• Market Size In 2024: $2.21 billion
• Revenue Forecast In 2033: $3.26 billion
• CAGR: 10.2%

Global Laboratory Information Management System Market: Segmentation

The laboratory information management system market covered in this report is segmented -

1) By Component: Software, Services
2) By Deployment Model: On-Premise Laboratory Information Management System (LIMS), Cloud Laboratory Information Management System (LIMS), Remotely Hosted Laboratory Information Management System (LIMS)
3) By Distribution Channel: Direct Tenders, Retail Sales
4) By End-Use: Life Sciences, Contract Research Organizations (CROs), Petrochemical Refineries And Oil And Gas Industry, Chemical Industry, Food And Beverage And Agriculture Industries, Environmental Testing Laboratories, Other Industries (Forensics And Metal And Mining Laboratories)

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Laboratory Information Management System Market Report: Growth Drivers
An increase in research and development activities is expected to accelerate the growth of the laboratory information management system market in the future. Research and development encompass a variety of processes organizations undertake to generate new knowledge, products, services, or procedures, or to enhance existing offerings. Laboratory information management systems (LIMS) are utilized in research and development to facilitate laboratory operations. They support various research tasks, such as organizing research and development data into projects and studies, resource monitoring, work assignments, reducing IT maintenance costs, and maximizing productivity. For instance, in August 2023, Eurostat, a non-profit organization based in Luxembourg, reported that in 2022, the European government allocated approximately $124,899.50 million for laboratory research and development (R&D), representing a 5.4% increase compared to the $118,541.09 million allocated in 2021. Therefore, the rise in research and development activities is driving the growth of the laboratory information management system market.

Key Developments:

Francisco Partners Strengthens LIMS Leadership with Acquisition of STARLIMS Corporation
In July 2021, Francisco Partners Management LLC, a US-based private equity firm, acquired STARLIMS Corporation for an undisclosed amount. Through this acquisition, Francisco Partners looks to expand STARLIMS Corporation's position and customer base in the laboratory information management system industry. STARLIMS Corporation is a US-based laboratory information management systems and informatics solution provider.

Top Market Leader Included:

McKesson Corporation, Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories, STARLIMS Corporation, Novatek International Pty Ltd., Agilent Technologies Inc., Dassault Systemes SA, PerkinElmer Inc., Illumina Inc., Ovation.io Inc., Waters Corporation, CompuGroup Medical, CliniSys Group Limited, LabWare Inc., LabLynx Inc., LabVantage Solutions Inc., INFORS GmbH, Agaram Technologies Pvt Ltd., Benchling Inc., CloudLIMS Lab Solutions (India) Pvt. Ltd., Quartzy Inc., Caliber Technologies Inc., Accelerated Technology Laboratories Inc., Autoscribe Limited, Labworks International Inc., Computing Solutions Inc., CrelioHealth Inc., AssayNet Inc., Eusoft Ltd.

Laboratory Information Management System Industry: Regional Landscape

North America was the largest region in the laboratory information management system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the laboratory information management system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the laboratory information management system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

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What Does The Global Laboratory Information Management System Market Report Include?

1.Introduction
• Overview of the Laboratory Information Management System Market
• Comprehensive Analysis of Laboratory Information Management System Market

2. Laboratory Information Management System Market Drivers and Restraints
• Drivers and Restraints For Historic And Forecast Period

3. Laboratory Information Management System Market Segmentation
• By Drug Class
• By Indication
• By Distribution Channel

4. Competitive Landscape And Company Profiles In The Laboratory Information Management System Market
• Overview
• Products and Services
• Strategy

5. Laboratory Information Management System Market Regional And Country Analysis
• By Region
• By Country

6. Market Trends And Opportunities In Laboratory Information Management System Market
• Technological Advancements
• Emerging Trends

7. Laboratory Information Management System Market Future Outlook and Potential Analysis
• Growth Strategies
• New Opportunities

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