Laboratory Information Management System Market Key Players: Siemens, Labware, Perkinelmer Inc, And Abbott Laboratories

 Laboratory Information Management System Industry Overview

The global laboratory information management system market size was valued at USD 1.85 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. Technological advancements pertinent to pharmaceutical laboratories and the rising demand for lab automation are expected to fuel the demand for these systems in the years to come. Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable positive industry growth for laboratory information management systems. In addition, low cost of implementation, efficient time management, and compliance with GDP, GCP & GMP are other major factors driving the growth of the Laboratory Information Management System (LIMS) Market.

Collaborations, partnerships, acquisitions, and product approvals & launches have significantly impacted the market in recent years. Furthermore, there has been a significant rise in the demand for LIMS due to its increasing awareness, which, in turn, is fueling the market growth. Rising automation in laboratories, increasing need for regulatory compliance, technological advancements in LIMS, growing awareness through conferences, workshops, & seminars, and increasing R&D expenditure are also among the major factors driving the global market growth.

Gather more insights about the market drivers, restrains and growth of the Global Laboratory Information Management System market

During the COVID-19 pandemic, the demand for 24/7 laboratory testing services experienced a surge and clinical laboratories were operating at full capacity, which resulted in significant stress on the laboratory personnel as well as its infrastructure. Such stressful environments are very undesirable when the laboratories have a large number of potential biohazardous samples every day. This, in turn, is encouraging the implementation of LIMS to streamline the workflows at a global level.


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Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market on the basis of product, component, end use, and region:

LIMS Product Outlook (Revenue, USD Million, 2017 - 2030)

  • On-premise
  • Web-hosted
  • Cloud-based

LIMS Component Outlook (Revenue, USD Million, 2017 - 2030)

  • Software
  • Services

LIMS End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Life Sciences
  • CROs
  • Petrochemical Refineries and Oil & Gas Industry
  • Chemical Industry
  • Food and Beverage & Agriculture Industries
  • Environmental Testing Laboratories
  • Other Industries (Forensics & Metal & Mining Laboratories)

LIMS Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Market Share Insights

  • June 2020: Labware announced the production release of its enterprise laboratory platform, Labware 8.
  • July 2019: Abbott launched STARLIMS Life Sciences Solution 11.1 to manage complex sample and testing workflows.


Key Companies profiled:

Some of the prominent players in the global laboratory information management system market include:

  • Thermo Fisher Scientific
  • Siemens
  • LabVantage Solutions Inc.
  • LabWare
  • PerkinElmer Inc.
  • Abbott Laboratories
  • Autoscribe Informatics
  • Illumina, Inc.
  • Labworks
  • LabLynx, Inc.
  • Computing Solutions, Inc.
  • com
  • Ovation
  • LABTRACK
  • AssayNet

 

Order a free sample PDF of the Laboratory Information Management System Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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