Press release
Laboratory Information Management System Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Laboratory Information Management System Market Forecast
The anticipated upswing in research and development activities is predicted to stimulate the expansion of the laboratory information management system market. Research and development encompasses the various procedures and actions enterprises implement to innovate or improve knowledge, products, services, or practices. Laboratory information management systems (LIMS) play a vital role in these undertakings, enabling labs to operate efficiently. These systems aid an array of research endeavors by arranging R&D data into projects and studies, overseeing resources and assigned tasks, curbing IT upkeep expenses, and optimizing productivity. As an illustration, the European government allocated roughly $124,899.50 million towards laboratory research and development (R&D) in 2022, reflecting a 5.4% increase from the $118541.09 million granted in 2021, as reported by Eurostat, a non-profit entity based in Luxembourg, in August 2023. This escalation in R&D activities is fueling the laboratory information management system market's growth.
Get Your Laboratory Information Management System Market Report Here:
https://www.thebusinessresearchcompany.com/report/laboratory-information-management-system-global-market-report
How will the growth rate of the laboratory information management system market shape industry trends by 2034?
The market size for the laboratory information management system has seen considerable expansion in the recent past. It is forecasted to increase from $2.21 billion in 2024, reaching to $2.44 billion in 2025, achieving a compound annual growth rate (CAGR) of 10.5%. The spike in growth during the historical period is a result of escalating regulatory compliance requirements, amplified research and development operations, heightened demand for data precision, surge in data volume, quality assurance, and process optimization.
The market size of the laboratory information management system is anticipated to witness swift expansion in the subsequent years, reaching a valuation of $3.6 billion by 2029. This represents a compound annual growth rate (CAGR) of 10.2%. The surge during this forecast period can be ascribed to developments in analytics and artificial intelligence integration, personalized medicine advancements, growing emphasis on cybersecurity, compatibility with other lab equipment, and broadening of biobanking operations. Other important trends seen during this period encompass technological progress, augmented research complexity, incorporation with sophisticated technologies, cloud-based alternatives, and mobile LIMS.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13686&type=smp
What trends are poised to drive the future success of the laboratory information management system market?
Leading businesses in the lab information management system market have been placing a significant focus on creating technologically superior products such as adaptable laboratory automation systems. These systems provide laboratories with streamlined operations and improved data management by offering solutions that can be easily adjusted, expanded, and automated. Adaptable lab automation systems refer to flexible and modular systems that improve lab workflows by providing automation, making them easily adaptable and expandable as per changing operational needs. In July 2023, for example, the US-based informatics software firm Clinisys brought to the market its Clinisys Laboratory Solutions. This product boasts discipline-specific Lab Information Management Systems (LIMS) that function on a unified SaaS platform to intensify automation, scalability, and data management. It aids labs in simplifying operations, deepening analytics, boosting workflow adaptability, thereby reducing expenses and strengthening security. Such innovations assist labs in propelling scientific advancement by upgrading data management and analysis in various fields such as environmental, water quality, and public health labs.
Which primary segments of the laboratory information management system market are driving growth and industry transformations?
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)
Subsegments:
1) By Software: On-Premise LIMS, Cloud-Based LIMS, Web-Based LIMS
2) By Services: Implementation Services, Support And Maintenance Services, Consulting Services
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13686
Which geographical regions are pioneering growth in the laboratory information management system market?
North America was the largest region in the laboratory information management system market in 2024. 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.
Who are the influential players reshaping the laboratory information management system market landscape?
Major companies operating in the laboratory information management system market report are 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.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=13686&type=smp
What Is Covered In The Laboratory Information Management System Global Market Report?
•Market Size Forecast: Examine the laboratory information management system market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the laboratory information management system market for a structured understanding.
•Key Players Overview: Analyze major players in the laboratory information management system market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the laboratory information management system market.
•Segment Contributions: Evaluate how different segments drive overall growth in the laboratory information management system market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the laboratory information management system market.
•Industry Challenges: Identify potential risks and obstacles affecting the laboratory information management system market.
•Competitive Landscape: Review strategic developments in the laboratory information management system market, including expansions, agreements, and new product launches.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Laboratory Information Management System Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers here
News-ID: 3920051 • Views: …
More Releases from The Business research company
Global Print Label Market Analysis 2025-2030: Growth Drivers, Challenges, And Op …
The Print Label Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Print Label Market?
The market size for print labels has experienced robust growth over the past few years. It is projected to expand from $47.04 billion in 2024…
Strong Growth Ahead: Preparation of Coffee Extracts Market Size To Grow At Areco …
The Preparation of Coffee Extracts Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Preparation of Coffee Extracts Market?
The market size for coffee extracts preparation has shown significant expansion recently. The market anticipates growth from $7.06 billion in 2024…
Emerging Trends Influencing The Growth Of The Pork Market:Innovation In The Pork …
The Pork Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Pork Market?
In recent times, the size of the pork market has been on a consistent upward trend. It is projected to rise from $154.53 billion in 2024 to…
Global Polymer Foam Market Analysis 2025-2030: Growth Drivers, Challenges, And O …
The Polymer Foam Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Polymer Foam Market?
In recent years, the polymer foam market has experienced significant growth. The market, which was valued at $112.76 billion in 2024, is predicted to reach…
More Releases for Lab
Medical Lab Software
Latest Research Study on Medical Lab Software Market published by AMA, offers a detailed overview of the factors influencing the global business scope. Market research report shows the latest market insights with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors, Challenges and Current Scenario Analysis of the Medical Lab Software.
Major Players in This Report…
Global Lab Accessories Market
Global lab accessories market was valued US$ 378.2 Mn in 2017 and is expected to reach US$ 687.5 Mn by 2026, at a CAGR of 7.76% during a forecast period.
The lab accessories market is segmented into type, end-user, and region.
In terms of type, global lab accessories market is classified into microplates, label printers, pipettes, pumps, reagent reservoirs, valves, tubings, and wash stations.
Based on an end-user, global lab accessories market is…
Electronic Lab Notebook Market: Electronic Lab Notebook Market Industry Analysis …
Electronic lab notebooks (ELN) is a computer programmed electronic device, which is capable of storing the data related to the lab experiments or researches. In addition, it enables the user to access the stored data for future reference and data sharing with other users. It is not only a replacement of laboratory paper notebook but also helps in the management of data in an orderly manner and provides security.
Electronic…
Lab Automation Market Raving Up The Demand Of Lab Automation In Various Applicat …
Laboratory automation capitalizes and optimizes the technologies in the laboratory. Laboratory automation system includes automated lab instruments, software and devices which offer benefits such as reduction of cycle time, increasing productivity, improvement of workflow coverage and improvement of data quality.
The laboratory automation or robotic products are offered in modified form, according to the necessity of specific laboratories or researcher. Therefore, lab automation becomes essential in laboratories for handling high…
Global Lab Automation Industry
Global Lab Automation Industry
Latest Report on Lab Automation Market Global Analysis & 2021 Forecast Research Study
Lab Automation Market Analysis
Automation is one of the best weapon in the life science laboratory due to the growing demands for productivity in speed, accuracy, throughput and efficiency. Helped by advance technology, contemporary automated systems are already adept of a wide range of functions that were previously performed by slow, tedious and manual labor. Instrumentation…
What are the Do’s and Don’ts for Wet Lab & Dry Lab Users
Advances in laboratory research keep accelerating with new techniques and technologies changing the way laboratory researchers perform experiments and make discoveries. These changes have made it more important than ever for lab architects and lab managers to keep flexibility in mind when planning new laboratory construction or renovations.
Major advances in the capabilities of scientific lab equipment, digital computing, and experimental research methods and techniques have had a significant impact on…
