Meticulous Research®– a leading global market research company, published a research report titled “Laboratory Information Management System (LIMS) Market by Mode of Delivery (On-premise, Cloud), Component (Service, Software), Type (Multi-purpose, Purpose-built), End User (Life Science, Food & Beverage, Petrochemical, Chemical) - Global Forecast to 2030.”




According to this latest publication from Meticulous Research, the global laboratory information management system market is expected to grow at a CAGR of 7.4% to reach $2.92 billion by 2030. Increasing R&D activities in the life sciences industry, growing use of automation in laboratories, technological advancements in laboratory informatics solutions, and the rising need to comply with regulatory frameworks are the factors driving the market growth.




Laboratory Information Management System Market: Future Outlook

The global laboratory information management system market study presents historical market data in terms of values (2021 and 2022), estimated current data (2023), and forecasts it for 2030 – by Mode of Delivery (On-premise LIMS and Web-based & Cloud-based LIMS), Component (Services and Software), Type (Multi-purpose LIMS and Purpose-built LIMS), End User (Life Sciences {Pharmaceutical & Biotechnology Companies, Academic and Research Institutes, Biobanks & Biorepositories, CROs, and Others}, Food & Beverage, Chemical Industry, Petrochemicals and Oil & Gas Industry, Environmental Testing Laboratories, and Other End Users), and Geography. The study also evaluates industry competitors and analyzes their market share at global and regional levels.




Based on mode of delivery, the web-based & cloud-based LIMS is expected to account for the largest share of the market in 2023. Cost-effectiveness, real-time analysis capabilities, easy access to data, internal and external data sharing, flexibility, and scalability offered by web & cloud-based LIMS contribute to the largest market share.




Based on component, the market is segmented into services and software. The services segment is expected to account for the largest share of the market in 2023, owing to the evolving regulatory requirements, technological advancements in LIMS, and adoption of cloud-based LIMS, resulting in increased demand for recurring services such as validation, integration, management, and other lab informatics services. Also, industries like life sciences lack resources for LIMS and prefer outsourcing services, resulting in increased demand for services.




Based on end user, the life sciences segment is expected to account for the largest share of the market in 2023. The large share can be attributed to the increased regulatory pressures on pharmaceutical companies to maintain data integrity, validity, and security; rising R&D activities; the growing need to improve laboratory productivity; and cost efficiency.






Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa. North America is expected to account for the largest share of the laboratory information management system market in 2023. The growth of this market is primarily driven by the ease in availability of LIMS services and products, stringent regulatory requirements, advanced infrastructure, and increased adoption of laboratory automation.




Key Players

The key players profiled in the global laboratory information management system market report are LabWare, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), LabVantage Solutions Inc. (U.S.), LabLynx, Inc. (U.S.), Labworks (U.S.), Agilent Technologies, Inc. (U.S.), Labii Inc. (U.S.), Accelerated Technology Laboratories, Inc. (U.S.), LABTRACK (U.S.), Computing Solutions, Inc. (U.S.), Dassault Systèmes (France), Ovation (U.S.), CloudLIMS (U.S.), STARLIMS Corporation (U.S.), Autoscribe Limited (U.K.), Illumina, Inc. (U.S.), Siemens AG (Germany), and Novatek International (Canada).



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Key questions answered in the report-

Which are the high-growth market segments in terms of mode of delivery, component, type, end user, and regions/countries?
What was the historical market for laboratory information management systems across the globe?
What are the market forecasts and estimates for the period 2023–2030?
What are the major drivers, restraints, challenges, opportunities, and trends in the global market of laboratory information management systems?
Who are the major players in the global laboratory information management system market?
What is the competitive landscape, and who are the market leaders in the global laboratory information management system market?
What are the recent developments in the laboratory information management system market?
What are the different strategies adopted by the major players in the laboratory information management system market?
What are the geographical trends and high-growth regions/countries?

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