The global laboratory information management systems (LIMS) market is experiencing robust growth, driven by several positive factors. Increasing the adoption of LIMS in laboratories for efficient data management and workflow automation enhances operational efficiency and data integrity. The emphasis on data integration and standardization enables seamless collaboration and data sharing. Technological advancements, such as cloud-based solutions and mobile applications, provide enhanced accessibility and scalability. The growing focus on data security and privacy, along with the increasing demand for data analytics and business intelligence, further propels the market's positive trajectory.
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Data Bridge Market Research analyses that the Laboratory Information Management Systems (LIMS) Market is expected to grow to USD 2.07 billion in 2022, and is expected to reach USD 4.37 billion by 2030, at a CAGR of 9.80% during the forecast period 2023 to 2030. With the increasing volume and complexity of laboratory data, there is a growing emphasis on data integration and standardization. LIMS solutions offer the ability to consolidate, organize, and standardize laboratory data, enabling seamless data sharing and collaboration among multiple departments and stakeholders thus propelling the market growth
Key Findings of the Study
Regulatory compliance requirements are expected to drive the market's growth rate
Regulatory compliance is a crucial aspect of laboratory operations, and laboratory information management systems (LIMS) play a vital role in ensuring adherence to stringent requirements. LIMS solutions assist laboratories in maintaining compliance with standards such as good laboratory Practices (GLP), good manufacturing practices (GMP), and ISO regulations. LIMS facilitates proper data management, ensuring data integrity, traceability, and audit trails. By providing robust documentation and reporting capabilities, LIMS helps laboratories meet regulatory requirements and streamline compliance processes, ensuring accurate and reliable results for enhanced patient safety and product quality.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Services, Software), Product Type (Broad-Based, Industry-Specific), Delivery (On-Premise, Cloud-Based, Remotely-Hosted), Industry Type (Life Sciences Industry, Chemical/Energy, Food and Beverage, Agriculture Industries, Diagnostics/Medical Device, Clinical Research Organization/Contract Manufacturing Organizations (CRO/CMO), Others), Distribution Channel (Direct Tenders, Retail Sales)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Thermo Fisher Scientific Inc. (U.S.), PerkinElmer Inc. (U.S.), Autoscribe Informatics (U.S.), Novatek International (Russia), Benchling (U.S.), Agaram Technologies Pvt Ltd (India), Agilent Technologies, Inc. (U.S.), LabWare (U.S.), STARLIMS Corporation (U.S.), IBM Corporation (U.S.), Roper Technologies, Inc (U.S.), Eusoft Ltd. (China), Illumina, Inc. (U.S.), McKesson Corporation (U.S.), Infors AG (U.S.), Siemens (Germany), Zoho Corporation Pvt. Ltd. (India), LabVantage Solutions Inc (U.S.), Shimadzu Corporation (Japan) among others
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The laboratory information management systems (LIMS) market is segmented on the basis of component, product type, delivery, industry type, and distribution channel
- On the basis of component, the laboratory information management systems market is segmented into services, and software. Service is expected to dominate the global laboratory information management systems (LIMS) market with a CAGR of 9.9% in the forecast period of 2023-2030 due to a wide range of offerings such as maintenance, repairs, warranties, financing, and insurance. These services are essential for vehicle owners to ensure proper functioning, safety, and peace of mind throughout the ownership experience.
In 2023, Service is expected to dominate the global laboratory information management systems (LIMS) market
In 2023, Service is expected to dominate the global laboratory information management systems (LIMS) market owing to essential support and maintenance for vehicles. From repairs and maintenance to software updates and connectivity solutions, service providers ensure optimal performance, convenience, and customer satisfaction throughout a vehicle's lifecycle with a CAGR of 9.9% in the forecast period of 2023-2030.
- On the basis of product type, the laboratory information management systems market is segmented into broad-based, industry-specific. Broad-based is expected to dominate the global laboratory information management system (LIMS) Market with 65.10% market share in the forecast period of 2023-2030 due to their versatility and wide-ranging appeal. These products cater to a diverse customer base, offering a variety of features, functionalities, and applications, making them highly adaptable to different consumer needs and preferences.
- On the basis of delivery, the laboratory information management systems market is segmented into on-premise, cloud-based, remotely-hosted. Cloud-based is expected to dominate the global laboratory information management system (LIMS) market with 44.05% market share in the forecast period of 2023-2030 due to their versatility and wide application across various industries. These products cater to a broad range of needs and requirements, making them more accessible and appealing to a larger customer base.
- On the basis of industry type, the laboratory information management systems market is segmented into life sciences industry, chemical/energy, food and beverage, agriculture industries, diagnostics/medical device, clinical research organization/contract manufacturing organizations (CRO/CMO), others. The life science industry is expected to dominate the global laboratory information management system (LIMS) Market with a CAGR of 9.9% in the forecast period of 2023-2030 due to their significant achievements in the fields of medicine, pharmaceuticals, biotechnology, and healthcare.
In 2023, the life science industry is expected to dominate the global laboratory information management system (LIMS) Market
In 2023, the life science industry is expected to dominate the global laboratory information management system (LIMS) Market owing to their significant contributions to healthcare, pharmaceuticals, biotechnology, and medical research. With a focus on improving human health and well-being, the life sciences industry drives innovation, advances in medical treatments, and the development of new drugs and therapies with a CAGR of 9.9% in the forecast period of 2023-2030
- On the basis of distribution channel, the laboratory information management systems market is segmented into direct tenders, and retail sales. Direct tenders are expected to dominate the global laboratory information management system (LIMS) Market with 66.66% market share due to their efficiency in procuring products directly from manufacturers or suppliers.
Major Players
Data Bridge Market Research recognizes the following companies as the major laboratory information management systems (LIMS) market players in laboratory information management systems (LIMS) market are Thermo Fisher Scientific Inc. (U.S.), PerkinElmer Inc. (U.S.), Autoscribe Informatics (U.S.), Novatek International (Russia), Benchling (U.S.), Agaram Technologies Pvt Ltd (India
Market Development
- In 2022, Thermo Fisher Scientific, Inc released the 21.1 version of SampleManager LIMS software which includes Analytical Quality Control (AQC) HL7 support, along with advanced functions such as data packager and kit deployment, voice control, data support for data analytics, monitoring & charts, among others.
- In 2022, LabVantage Solutions, Inc also launched Version 8.8 of its primary LIMS platform in the same year, with several upgrades to all its components.
Regional Analysis
Geographically, the countries covered in the laboratory information management systems (LIMS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the laboratory information management systems (LIMS) market during the forecast period 2023-2030
North America's dominance in the laboratory information management systems (LIMS) industry is attributed to various factors. Supportive policies that promote laboratory automation, including the adoption of electronic health record (EHR) programs, drive market growth. The region's advanced infrastructure and healthcare system enable efficient implementation of LIMS solutions. Additionally, the growing demand for genomic studies and increased government funding in research and development further solidify North America's position as a leading market player in the LIMS industry.
Asia-Pacific is estimated to be the fastest-growing region in the laboratory information management systems (LIMS) market in the forecast period 2023-2030
The Asia-Pacific region is poised for significant growth in the laboratory information management systems (LIMS) market due to several factors. The rising demand for contract research organizations (CROs) that offer LIMS services drives market growth. India and Japan, known for their skilled workforce and cost advantages, are attractive outsourcing destinations. Moreover, biopharma companies relocating their manufacturing facilities to the Asia-Pacific region for cost-effective production further contribute to the region's growth in the LIMS market.
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