Laboratory Information Management System (LIMS) Market: Market Segments: By Component (Software and Services); By Product (On-Premise, Web-hosted and Cloud-based); By End-User (Life Sciences, CROs, Petrochemical Refineries & Oil and Gas Industry, Chemical Industry, Food and Beverage and Agriculture Industries, Environmental Testing Laboratories and Other); and Region – Global Analysis by Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2030
Product Overview
Laboratory Information Management System (LIMS) is a laboratory and information management system based on software with features that support the activities of a modern laboratory. Key features include support for data monitoring, versatile architecture, and interfaces for data sharing that completely support its use in controlled environments.
Market Highlights
Laboratory Information Management System (LIMS) Market is expected to project a notable CAGR of 11.8% in 2030.
Laboratory Information Management System (LIMS) Market to surpass USD 2.4 billion by 2030 from USD 850 Million in 2019 at a CAGR of 11.8% throughout the forecast period, i.e., 2020-30. The demand for laboratory information management systems is due to a rising emphasis on improving laboratory performance.
Laboratory Information Management System (LIMS) Market: Segments
Services segment to grow with the highest CAGR during 2020-30
Laboratory Information Management System (LIMS) Market is segmented by Component into Software and Services. Services based segment led the market in 2019 by accounting XX.X% of market share in Laboratory Information Management System owing to the increasing need for LIMS implementation, integration, maintenance, validation, and support.
Laboratory Information Management System (LIMS) Market: Market Dynamics
Drivers
Technological Advancements in LIMS Offerings
Growth of emerging technologies and rapid developments in healthcare information technology (IT) helps businesses pursuing healthcare information technology to unlock their potential. The Laboratory Information Management System (LIMS) has become an important instrument for moving data away from the office and into the workplace, processing, making decisions, measuring, updating and releasing the operation.
Restrain
Rising Data Security and Privacy Concerns
Shortage of trained professionals to handle advanced technologies is a major bottleneck for the global LIMS industry, including key restrictions. Such a management framework, however, requires high installation costs and maintenance costs and thus serves as a major market constraint.
Laboratory Information Management System (LIMS) Market: Key Players

  • Abbott Laboratories


Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.

  • LabVantage
  • LabWare
  • McKesson Corporation
  • Thermo Fisher Scientific
  • LabLynx
  • Computing Solutions
  • Labworks LLC
  • Siemens Healthineers AG
  • Dassault Systemes



Laboratory Information Management System (LIMS) Market: Regions
Laboratory Information Management System (LIMS) Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Laboratory Information Management System (LIMS) Market in North America held the largest market share of 44.7% in the year 2019 and it is expected to continue its market dominance in the future owing to supportive policies facilitating laboratory automation adoption such as EHR programs. Moreover, the presence of advanced infrastructure, surging demand for genomic studies, and growing government funding are augmenting the regional sector. Due to the growing number of LIMS providing CROs in this area, the demand for laboratory information management systems in Asia Pacific is expected to exhibit the highest CAGR during the forecast period.
Laboratory Information Management System (LIMS) Market report also contains analysis on:
Laboratory Information Management System (LIMS) Market Segments:
By Component:

  • Software
  • Services


By Product:

  • On-Premise
  • Web-hosted
  • Cloud-based


By End-User:

  • Life Sciences
  • CROs
  • Petrochemical Refineries & Oil and Gas Industry
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Others
  • Laboratory Information Management System (LIMS) Market Dynamics
  • Laboratory Information Management System (LIMS) Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved in the Market
  • Value Chain of the Market
  • Market Drivers and Restraints


FAQs on Laboratory Information Management System (LIMS) Market
? Which segment is anticipated to hold the largest market share?
? At what CAGR is the market anticipated to grow between 2020 and 2030?
? Who are the key players in the Laboratory Information Management System (LIMS) Market?
? What could be the challenging factors in the growth of Laboratory Information Management System (LIMS) Market?
? What are the growth drivers for the Laboratory Information Management System (LIMS) Market?