Product Code: A53480
The Lab information management systems (LIMS) market valued for $1,475.14 million in 2021 and is estimated to reach $4,155.34 million by 2031, exhibiting a CAGR of 10.9% from 2022 to 2031. A laboratory information management system is also known as a laboratory management system that enables support for laboratory operations which can track workflow and specimens, aggregate data for research or business intelligence purposes, and ensure laboratory operation is compliant with various regulations and standards. Lab information management system (LIMS) is often used to automate and streamline laboratory processes, such as sample tracking and results reporting. These systems are widely used in various industries such as the life science industry, chemicals industries, oil & gas industries and among others.
The key factors that drive the growth of the market are the increase in technological advancements of lab information management systems (LIMS) and rise in the demand for lab automation. Moreover, there is an increase in research and development activities for drug discoveries, has resulted in an increase in the adoption of lab information management systems across the world. As this system helps research & development labs to organize their samples and analyses into different groups for better analysis.
In addition, rise in large-scale implementation of laboratory information management systems in various industries, and increase in the number of samples generated for research and analysis, due to the rise in number of life-threatening diseases across the world are the key factors that propel the growth of the market.
However, the high cost of the lab management information system and the lack of skilled professionals in the industries are the major factors expected to impact the growth of the market in upcoming years. On the other hand, the rapid development of healthcare infrastructures, along with the government's support to digitalized services in developing countries such as China, India and others are the key factors that provide lucrative market growth opportunities during the forecast period.
The lab information management system market is segmented on the basis of product type, delivery mode, component, industry type, and region. By product type, it is categorized into Industry-specific LIMS & broad based/ multi-purpose LIMS. By delivery mode, the market is bifurcated into on premises and cloud based and web based. By component, the market is categorized into software and services. By industry type, the market is fragmented into life science, chemical & energy industries, food, beverage & agriculture industries, and clinical research organizations/contract manufacturing organizations (CRO/CMO), and others. The life science segment is further classified into hospitals, physician offices, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
North America accounted for a majority of the lab information management system market share in 2021 and is anticipated to remain dominant during the forecast period. The market is mainly driven by the presence of well-established healthcare facilities and a rise in government funding for research and development activities across the region are the key factors that propel the growth of the market. Moreover, the presence of several key players involved in R&D activities to develop technologically advanced LIMS software and contribute to market growth in this region.
Asia-Pacific is expected to register the fastest CAGR during the forecast period, owing to the increase in the adoption of AI-enabled laboratory information management systems among countries, such as India, China, and Japan, to provide seamless reporting in hospitals and test centers are key factors which propel the growth of the market.
The key players that operate in the lab information management system market (LIMS) include: PerkinElmer Inc., Agilent Technologies Inc, Thermo Fisher Scientific Inc., Illumina Inc., Siemens AG, LabLynx, Inc, Genetic Technologies Inc. CrelioHealth Inc., LabWare, Inc., and Abbott Laboratories.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lab information management systems market analysis from 2021 to 2031 to identify the prevailing lab information management systems market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the lab information management systems market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global lab information management systems market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Broad- Based/ Multipurpose LIMS
- Industry Specific LIMS
By Component
By Delivery Mode
- Web-Based and Cloud-Based
- On-Premises
By Industry Type
- Life Science
- Type
- Hospitals
- Pathology
- Physician Office
- Others
- Chemical and Energy Industries
- Food and Beverage and Agriculture Industries
- Clinical Research Organization (CRO)/Contract Manufacturing Organizations (CMO)
- Others
By Region
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- PerkinElmer Inc.
- Agilent Technologies Inc.
- Illumina Inc.
- Siemens AG
- Genetic Technologies Inc
- CrelioHealth Inc.
- Abbott Laboratories
- Thermo Fisher Scientific Inc.
- LabLynx, Inc
- LabWare, Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.3.1. Bargaining power of suppliers
- 3.3.2. Bargaining power of buyers
- 3.3.3. Threat of substitutes
- 3.3.4. Threat of new entrants
- 3.3.5. Intensity of rivalry
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.1.1. Rise in the demand of lab automation
- 3.4.1.2. Growing use of LIMS to comply with stringent government regulation
- 3.4.1.3. Rise in technological advancement
- 3.4.2. Restraints
- 3.4.2.1. High maintenance and service costs of LIMS
- 3.4.3. Opportunities
- 3.4.3.1. High growth potential in developing economies
- 3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: LAB INFORMATION MANAGEMENT SYSTEMS MARKET, BY PRODUCT TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Broad- Based/ Multipurpose LIMS
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. Industry Specific LIMS
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
CHAPTER 5: LAB INFORMATION MANAGEMENT SYSTEMS MARKET, BY COMPONENT
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Software
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Services
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
CHAPTER 6: LAB INFORMATION MANAGEMENT SYSTEMS MARKET, BY DELIVERY MODE
- 6.1. Overview
- 6.1.1. Market size and forecast
- 6.2. Web-Based and Cloud-Based
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
- 6.3. On-Premises
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country
CHAPTER 7: LAB INFORMATION MANAGEMENT SYSTEMS MARKET, BY INDUSTRY TYPE
- 7.1. Overview
- 7.1.1. Market size and forecast
- 7.2. Life Science
- 7.2.1. Key market trends, growth factors and opportunities
- 7.2.2. Market size and forecast, by region
- 7.2.3. Market share analysis by country
- 7.2.4. Life Science Lab Information Management Systems Market by Type
- 7.3. Chemical and Energy Industries
- 7.3.1. Key market trends, growth factors and opportunities
- 7.3.2. Market size and forecast, by region
- 7.3.3. Market share analysis by country
- 7.4. Food and Beverage and Agriculture Industries
- 7.4.1. Key market trends, growth factors and opportunities
- 7.4.2. Market size and forecast, by region
- 7.4.3. Market share analysis by country
- 7.5. Clinical Research Organization (CRO)/Contract Manufacturing Organizations (CMO)
- 7.5.1. Key market trends, growth factors and opportunities
- 7.5.2. Market size and forecast, by region
- 7.5.3. Market share analysis by country
- 7.6. Others
- 7.6.1. Key market trends, growth factors and opportunities
- 7.6.2. Market size and forecast, by region
- 7.6.3. Market share analysis by country
CHAPTER 8: LAB INFORMATION MANAGEMENT SYSTEMS MARKET, BY REGION
- 8.1. Overview
- 8.1.1. Market size and forecast By Region
- 8.2. North America
- 8.2.1. Key trends and opportunities
- 8.2.2. Market size and forecast, by Product Type
- 8.2.3. Market size and forecast, by Component
- 8.2.4. Market size and forecast, by Delivery Mode
- 8.2.5. Market size and forecast, by Industry Type
- 8.2.6. Market size and forecast, by country
- 8.2.6.1. U.S.
- 8.2.6.1.1. Key market trends, growth factors and opportunities
- 8.2.6.1.2. Market size and forecast, by Product Type
- 8.2.6.1.3. Market size and forecast, by Component
- 8.2.6.1.4. Market size and forecast, by Delivery Mode
- 8.2.6.1.5. Market size and forecast, by Industry Type
- 8.2.6.2. Canada
- 8.2.6.2.1. Key market trends, growth factors and opportunities
- 8.2.6.2.2. Market size and forecast, by Product Type
- 8.2.6.2.3. Market size and forecast, by Component
- 8.2.6.2.4. Market size and forecast, by Delivery Mode
- 8.2.6.2.5. Market size and forecast, by Industry Type
- 8.2.6.3. Mexico
- 8.2.6.3.1. Key market trends, growth factors and opportunities
- 8.2.6.3.2. Market size and forecast, by Product Type
- 8.2.6.3.3. Market size and forecast, by Component
- 8.2.6.3.4. Market size and forecast, by Delivery Mode
- 8.2.6.3.5. Market size and forecast, by Industry Type
- 8.3. Europe
- 8.3.1. Key trends and opportunities
- 8.3.2. Market size and forecast, by Product Type
- 8.3.3. Market size and forecast, by Component
- 8.3.4. Market size and forecast, by Delivery Mode
- 8.3.5. Market size and forecast, by Industry Type
- 8.3.6. Market size and forecast, by country
- 8.3.6.1. Germany
- 8.3.6.1.1. Key market trends, growth factors and opportunities
- 8.3.6.1.2. Market size and forecast, by Product Type
- 8.3.6.1.3. Market size and forecast, by Component
- 8.3.6.1.4. Market size and forecast, by Delivery Mode
- 8.3.6.1.5. Market size and forecast, by Industry Type
- 8.3.6.2. France
- 8.3.6.2.1. Key market trends, growth factors and opportunities
- 8.3.6.2.2. Market size and forecast, by Product Type
- 8.3.6.2.3. Market size and forecast, by Component
- 8.3.6.2.4. Market size and forecast, by Delivery Mode
- 8.3.6.2.5. Market size and forecast, by Industry Type
- 8.3.6.3. UK
- 8.3.6.3.1. Key market trends, growth factors and opportunities
- 8.3.6.3.2. Market size and forecast, by Product Type
- 8.3.6.3.3. Market size and forecast, by Component
- 8.3.6.3.4. Market size and forecast, by Delivery Mode
- 8.3.6.3.5. Market size and forecast, by Industry Type
- 8.3.6.4. Italy
- 8.3.6.4.1. Key market trends, growth factors and opportunities
- 8.3.6.4.2. Market size and forecast, by Product Type
- 8.3.6.4.3. Market size and forecast, by Component
- 8.3.6.4.4. Market size and forecast, by Delivery Mode
- 8.3.6.4.5. Market size and forecast, by Industry Type
- 8.3.6.5. Spain
- 8.3.6.5.1. Key market trends, growth factors and opportunities
- 8.3.6.5.2. Market size and forecast, by Product Type
- 8.3.6.5.3. Market size and forecast, by Component
- 8.3.6.5.4. Market size and forecast, by Delivery Mode
- 8.3.6.5.5. Market size and forecast, by Industry Type
- 8.3.6.6. Rest of Europe
- 8.3.6.6.1. Key market trends, growth factors and opportunities
- 8.3.6.6.2. Market size and forecast, by Product Type
- 8.3.6.6.3. Market size and forecast, by Component
- 8.3.6.6.4. Market size and forecast, by Delivery Mode
- 8.3.6.6.5. Market size and forecast, by Industry Type
- 8.4. Asia-Pacific
- 8.4.1. Key trends and opportunities
- 8.4.2. Market size and forecast, by Product Type
- 8.4.3. Market size and forecast, by Component
- 8.4.4. Market size and forecast, by Delivery Mode
- 8.4.5. Market size and forecast, by Industry Type
- 8.4.6. Market size and forecast, by country
- 8.4.6.1. Japan
- 8.4.6.1.1. Key market trends, growth factors and opportunities
- 8.4.6.1.2. Market size and forecast, by Product Type
- 8.4.6.1.3. Market size and forecast, by Component
- 8.4.6.1.4. Market size and forecast, by Delivery Mode
- 8.4.6.1.5. Market size and forecast, by Industry Type
- 8.4.6.2. China
- 8.4.6.2.1. Key market trends, growth factors and opportunities
- 8.4.6.2.2. Market size and forecast, by Product Type
- 8.4.6.2.3. Market size and forecast, by Component
- 8.4.6.2.4. Market size and forecast, by Delivery Mode
- 8.4.6.2.5. Market size and forecast, by Industry Type
- 8.4.6.3. Australia
- 8.4.6.3.1. Key market trends, growth factors and opportunities
- 8.4.6.3.2. Market size and forecast, by Product Type
- 8.4.6.3.3. Market size and forecast, by Component
- 8.4.6.3.4. Market size and forecast, by Delivery Mode
- 8.4.6.3.5. Market size and forecast, by Industry Type
- 8.4.6.4. India
- 8.4.6.4.1. Key market trends, growth factors and opportunities
- 8.4.6.4.2. Market size and forecast, by Product Type
- 8.4.6.4.3. Market size and forecast, by Component
- 8.4.6.4.4. Market size and forecast, by Delivery Mode
- 8.4.6.4.5. Market size and forecast, by Industry Type
- 8.4.6.5. South Korea
- 8.4.6.5.1. Key market trends, growth factors and opportunities
- 8.4.6.5.2. Market size and forecast, by Product Type
- 8.4.6.5.3. Market size and forecast, by Component
- 8.4.6.5.4. Market size and forecast, by Delivery Mode
- 8.4.6.5.5. Market size and forecast, by Industry Type
- 8.4.6.6. Rest of Asia-Pacific
- 8.4.6.6.1. Key market trends, growth factors and opportunities
- 8.4.6.6.2. Market size and forecast, by Product Type
- 8.4.6.6.3. Market size and forecast, by Component
- 8.4.6.6.4. Market size and forecast, by Delivery Mode
- 8.4.6.6.5. Market size and forecast, by Industry Type
- 8.5. LAMEA
- 8.5.1. Key trends and opportunities
- 8.5.2. Market size and forecast, by Product Type
- 8.5.3. Market size and forecast, by Component
- 8.5.4. Market size and forecast, by Delivery Mode
- 8.5.5. Market size and forecast, by Industry Type
- 8.5.6. Market size and forecast, by country
- 8.5.6.1. Brazil
- 8.5.6.1.1. Key market trends, growth factors and opportunities
- 8.5.6.1.2. Market size and forecast, by Product Type
- 8.5.6.1.3. Market size and forecast, by Component
- 8.5.6.1.4. Market size and forecast, by Delivery Mode
- 8.5.6.1.5. Market size and forecast, by Industry Type
- 8.5.6.2. Saudi Arabia
- 8.5.6.2.1. Key market trends, growth factors and opportunities
- 8.5.6.2.2. Market size and forecast, by Product Type
- 8.5.6.2.3. Market size and forecast, by Component
- 8.5.6.2.4. Market size and forecast, by Delivery Mode
- 8.5.6.2.5. Market size and forecast, by Industry Type
- 8.5.6.3. South Africa
- 8.5.6.3.1. Key market trends, growth factors and opportunities
- 8.5.6.3.2. Market size and forecast, by Product Type
- 8.5.6.3.3. Market size and forecast, by Component
- 8.5.6.3.4. Market size and forecast, by Delivery Mode
- 8.5.6.3.5. Market size and forecast, by Industry Type
- 8.5.6.4. Rest of LAMEA
- 8.5.6.4.1. Key market trends, growth factors and opportunities
- 8.5.6.4.2. Market size and forecast, by Product Type
- 8.5.6.4.3. Market size and forecast, by Component
- 8.5.6.4.4. Market size and forecast, by Delivery Mode
- 8.5.6.4.5. Market size and forecast, by Industry Type
CHAPTER 9: COMPETITIVE LANDSCAPE
- 9.1. Introduction
- 9.2. Top winning strategies
- 9.3. Product Mapping of Top 10 Player
- 9.4. Competitive Dashboard
- 9.5. Competitive Heatmap
- 9.6. Top player positioning, 2021
CHAPTER 10: COMPANY PROFILES
- 10.1. PerkinElmer Inc.
- 10.1.1. Company overview
- 10.1.2. Key Executives
- 10.1.3. Company snapshot
- 10.1.4. Operating business segments
- 10.1.5. Product portfolio
- 10.1.6. Business performance
- 10.2. Agilent Technologies Inc.
- 10.2.1. Company overview
- 10.2.2. Key Executives
- 10.2.3. Company snapshot
- 10.2.4. Operating business segments
- 10.2.5. Product portfolio
- 10.2.6. Business performance
- 10.3. Siemens AG
- 10.3.1. Company overview
- 10.3.2. Key Executives
- 10.3.3. Company snapshot
- 10.3.4. Operating business segments
- 10.3.5. Product portfolio
- 10.3.6. Business performance
- 10.4. Thermo Fisher Scientific Inc.
- 10.4.1. Company overview
- 10.4.2. Key Executives
- 10.4.3. Company snapshot
- 10.4.4. Operating business segments
- 10.4.5. Product portfolio
- 10.4.6. Business performance
- 10.4.7. Key strategic moves and developments
- 10.5. CrelioHealth Inc.
- 10.5.1. Company overview
- 10.5.2. Key Executives
- 10.5.3. Company snapshot
- 10.5.4. Operating business segments
- 10.5.5. Product portfolio
- 10.6. Genetic Technologies Inc
- 10.6.1. Company overview
- 10.6.2. Key Executives
- 10.6.3. Company snapshot
- 10.6.4. Operating business segments
- 10.6.5. Product portfolio
- 10.7. Illumina Inc.
- 10.7.1. Company overview
- 10.7.2. Key Executives
- 10.7.3. Company snapshot
- 10.7.4. Operating business segments
- 10.7.5. Product portfolio
- 10.7.6. Business performance
- 10.8. LabLynx, Inc
- 10.8.1. Company overview
- 10.8.2. Key Executives
- 10.8.3. Company snapshot
- 10.8.4. Operating business segments
- 10.8.5. Product portfolio
- 10.8.6. Key strategic moves and developments
- 10.9. LabWare, Inc.
- 10.9.1. Company overview
- 10.9.2. Key Executives
- 10.9.3. Company snapshot
- 10.9.4. Operating business segments
- 10.9.5. Product portfolio
- 10.10. Abbott Laboratories
- 10.10.1. Company overview
- 10.10.2. Key Executives
- 10.10.3. Company snapshot
- 10.10.4. Operating business segments
- 10.10.5. Product portfolio
- 10.10.6. Business performance