PUBLISHER: The Business Research Company | PRODUCT CODE: 1692000
PUBLISHER: The Business Research Company | PRODUCT CODE: 1692000
A Laboratory Information Management System (LIMS) is a software-based system specifically designed to oversee and streamline the operations and data management within a laboratory or testing facility. Through a LIMS, laboratories can simplify processes, seamlessly integrate instruments, and efficiently manage samples along with their associated data. The key goal of implementing a LIMS is to enhance laboratory efficiency, ensure quality control, and improve accuracy by reducing manual tasks and operations.
The main components of the laboratory information management system (LIMS) market are software and services. Software refers to a collection of computer programs, data, and instructions that guide a computer or digital device in performing specific tasks or operations. In the context of LIMS, software is used to automate workflows, manage samples, and handle associated data, as well as to integrate instruments. LIMS software can be deployed in various ways, including on-premise LIMS, cloud-based LIMS, and remotely hosted LIMS. These systems are distributed through direct tenders and retail sales channels, catering to various end-users such as life sciences, contract research organizations (CROs), petrochemical refineries and the oil and gas industry, chemical industry, food and beverage and agriculture industries, environmental testing laboratories, and other sectors such as forensics and metal and mining laboratories.
The laboratory information management system market research report is one of a series of new reports from The Business Research Company that provides laboratory information management system market statistics, including laboratory information management system industry global market size, regional shares, competitors with an laboratory information management system market share, detailed laboratory information management system market segments, market trends and opportunities, and any further data you may need to thrive in the laboratory information management system industry. This laboratory information management system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The laboratory information management system market size has grown rapidly in recent years. It will grow from $2.21 billion in 2024 to $2.44 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to rising regulatory compliance needs, increasing research and development activities, growing demand for data accuracy, increasing data volume, quality assurance and process optimization.
The laboratory information management system market size is expected to see rapid growth in the next few years. It will grow to $3.6 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to advanced analytics and ai integration, emergence of personalized medicine, increasing focus on cybersecurity, integration with other lab instruments, expansion of biobanking activities. Major trends in the forecast period include technological advancements, increasing complexity in research, integration with advanced technologies, cloud-based solutions, mobile lims.
The expected increase in research and development activities is poised to drive the growth of the laboratory information management system (LIMS) market in the coming years. Research and development activities encompass various processes undertaken by organizations to create new knowledge, products, services, or procedures, or enhance existing ones. LIMS plays a crucial role in supporting these activities within laboratories, facilitating tasks such as organizing data, resource monitoring, work assignments, reducing IT maintenance costs, and maximizing productivity. According to Eurostat, a Luxembourg-based non-profit organization, the European government allocated approximately $124,899.50 million for laboratory research and development (R&D) in 2022, marking a 5.4% increase compared to the $118,541.09 million allocated in 2021. This uptick in research and development activities is a key driver fueling the growth of the laboratory information management system market.
Major companies in the laboratory information management system (LIMS) market are focusing on developing advanced products, including scalable lab automation solutions, to provide laboratories with flexible and automated tools to streamline operations and improve data management. Scalable lab automation solutions are modular and adaptable systems that enable laboratories to optimize and automate workflows, facilitating easy expansion and adjustment as operational demands change. For example, in July 2023, Clinisys, a U.S.-based informatics software company, launched Clinisys Laboratory Solutions. This product features discipline-specific LIMS built on a unified SaaS platform, enhancing automation, scalability, and data management. It allows laboratories to improve operational efficiency, gain deeper insights through analytics, and enhance workflow flexibility while reducing costs and boosting security. This innovation supports laboratories in advancing scientific progress by enhancing data management and analysis across sectors such as environmental, water quality, and public health laboratories.
In November 2023, Xybion Corporation, a U.S.-based company specializing in software solutions for laboratory management, acquired Autoscribe Informatics for an undisclosed amount. This acquisition strengthens Xybion's Laboratory Information Management System (LIMS) capabilities, enabling the company to offer a wider range of solutions across multiple industries. By integrating Autoscribe's user-friendly software, which is already in use by over 140 customers, Xybion expands its product offerings. Autoscribe Informatics, a U.K.-based company, specializes in highly configurable LIMS solutions designed to meet the specific needs of various laboratories.
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.
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.
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
The laboratory information management system market includes revenues earned by entities by providing sample management, workflow automation, data management, standardization of workflows, instrument management, and data exchange. The market value includes the value of related goods sold by the service provider or included within the service offering. The laboratory information management system market consists of sales of LabCollector LIMS, LabWare LIMS, and CaliberLIMS. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Laboratory Information Management System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on laboratory information management system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for laboratory information management system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The laboratory information management system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.