Laboratory Information Management System (LIMS) Market Insights
The global laboratory information management system (LIMS) market is estimated to witness a significant CAGR during the forecast period (2020-2026). Growing adoption of cloud-based LIMS and the growing R&D expenses in the pharmaceutical and biotechnology industries are some of the major factors driving the market growth. Increasing technological advancements in LIMS offerings are the key factors expected to propel the robust market growth. Biobanking is increasingly being implemented for laboratory information management systems. However, the lack of skilled professionals to manage advanced technologies and high maintenance costs are some of the factors hampering the market growth.
Laboratory Information Management System (LIMS) Market Size: By Type
Based on type, the global laboratory information management system (LIMS) market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based segment is expected to hold the largest market share during the forecast period. The requirement of LIMS solutions to users with significant room for customization and interpretation, rising support to multiple businesses across various geographic locations drives the market growth. Moreover, the implementation of laboratory workflow processes and improving decision-making and reporting through broad-based solutions also boosts the market growth.
Laboratory Information Management System (LIMS) Market Size: By Component
Based on component, the global laboratory information management system (LIMS) market is segmented into software and services. The service segment is projected to grow at a high CAGR during the forecast period. The growing recurring requirements of services, such as training, software up-gradation, and software maintenance post-installation are some of the factors expected to propel the market growth. Moreover, the rising demand for LIMS outsourcing solutions is one of the major factors expected to drive the market.
Laboratory Information Management System (LIMS) Market Size: By Deployment Model
Based on the deployment model, the global laboratory information management system (LIMS) market is segmented into on-premises, cloud-based, and remotely hosted. The cloud-based segment is expected to grow at a high CAGR during the forecast period. The ongoing demand for self-serving analytics, ease of use, affordability, reliability, no upfront capital investment for hardware, adaptability & flexibility drives the rapid growth of the market. Moreover, reduced IT skills, cost-effective data management, and easy deployability is one of the significant factors expected to drive the growth of the segment.
Laboratory Information Management System (LIMS) Market Size: By Industry
Based on the industry, the global laboratory information management system (LIMS) market is segmented into life-sciences industry, food & beverage and agricultural industries, petrochemical and oil & gas, environmental testing laboratories, and chemical among others. The life science segment is expected to hold the largest market share during the forecast period due to the increasing number of bio-banks/bio-repositories, growing R&D investments/activities in forensic laboratories, academic research institutes, and toxicology laboratories.
Laboratory Information Management System (LIMS) Market Size: By Region
Based on region, the global laboratory information management system (LIMS) market is segmented into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa. North America is expected to hold the largest market share during the forecast period. The growing allowance of significant investment in new technologies due to the strong economies of the U.S. and Canada, growing bio-banks, easy availability of LIMS products and services, and stringent regulatory requirements across various industries are the major factors driving the substantial growth of the market. Moreover, the presence of advanced infrastructure, surging demand for genomic studies also augments the growth of the market. Furthermore, Asia Pacific is expected to grow at a high CAGR during the forecast period due to the increasing number of LIMS provided by contract research organizations across the region.
Laboratory Information Management System (LIMS) Market Share & Competitor Analysis
Some of the key players operating in the laboratory information management system (LIMS) market include: Agilent Technologies, Inc., Lablynx, Inc., Autoscribe Informatics (A Wholly Owned Subsidiary Of Autoscribe Limited), Novatek International, Ovation, Apollolims, Promium, Labware, Labvantage, Thermo Fisher Scientific, Abbott Informatics (A Subsidiary Of Abbott Laboratories), Dassault Systèmes, Siemens, Accelerated Technology Laboratories, Cloud LIMS, Computing Solutions, Inc., Genologics, Inc. (An Illumina Company), Labworks LLC, Horizon LIMS (A Part Of Redarrow Labs), and Eusoft S.R.L, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
- In April 2020, Horizon LIMS signed a partnership agreement with SampleServer to use and integrate with SampleServe’s field and reporting applications and allow laboratories to seamlessly harness the power of both technologies allowing for faster and better results to its client base
- In March 2020, Cloud LIMS launched COVID-19 LIMS, a free LIMS solution for COVID-19 research and testing laboratories and biobanks
Check the Press Release on Global Laboratory Information Management System (LIMS) Market Report
Laboratory Information Management System (LIMS) Market: By Type
- Introduction
- Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- Broad-Based LIMS
- Broad-Based LIMS: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Industry-Specific LIMS
- Industry-Specific LIMS: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
Laboratory Information Management System (LIMS) Market: By Deployment Model
- Introduction
- Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- On-Premises
- On-Premises: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Cloud-Based
- Cloud-Based: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Remotely Hosted
- Remotely Hosted: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
Laboratory Information Management System (LIMS) Market: By Component
- Introduction
- Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- Software
- Software: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Services
- Services: Laboratory Information Management System (LIMS) market, 2020-2026 (USD Million)
Laboratory Information Management System (LIMS) Market: By Industry
- Introduction
- Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Life Sciences Industry
- Life Sciences Industry: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Biobanks and Biorepositories: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Pharmaceutical and Biotechnology Companies: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Contract Services Organizations (CROs & CMOs): Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Academic Research Institutes: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Clinical Research Laboratories: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Toxicology Laboratories: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Next-generation Sequencing Laboratories: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Food & Beverage and Agricultural Industries
- Food & Beverage and Agricultural Industries: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Petrochemical Chemical and Oil & Gas
- Petrochemical Chemical and Oil & Gas : Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Environmental Testing Laboratories
- Environmental Testing Laboratories: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Chemical
- Chemical: Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
- Others
- Others : Laboratory Information Management System (LIMS) Market, 2020-2026 (USD Million)
Laboratory Information Management System (LIMS) Market: By Region
- Introduction
- Global Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- North America
- North America Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- By Type
- North America Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- North America Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- North America Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- North America Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- By Country
- U.S
- By Type
- U.S Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- U.S Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- U.S Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- U.S Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Canada.
- By Type
- Canada Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Canada Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Canada Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Canada Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Mexico
- By Type
- Mexico Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Mexico Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Mexico Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Mexico Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Europe
- Europe Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- By Type
- Europe Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Europe Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Europe Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Europe Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- By Country
- Germany
- By Type
- Germany Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Germany Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Germany Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Germany Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- UK
- By Type
- UK Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- UK Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- UK Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- UK Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- France
- By Type
- France Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- France Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- France Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- France Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Italy
- By Type
- Italy Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Italy Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Italy Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Italy Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Rest Of Europe
- By Type
- Rest Of Europe Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Rest Of Europe Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Rest Of Europe Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Rest Of Europe Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Asia Pacific
- Asia Pacific Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- By Type
- Asia Pacific Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Asia Pacific Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Asia Pacific Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Asia Pacific Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- By Country
- China
- By Type
- China Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- China Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- China Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- China Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Japan
- By Type
- Japan Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Japan Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Japan Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Japan Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- India
- By Type
- India Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- India Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- India Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- India Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- South Korea
- By Type
- South Korea Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- South Korea Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- South Korea Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- South Korea Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Central & South America
- Central & South America Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- By Type
- Central & South America Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Central & South America Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Central & South America Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Central & South America Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- By Country
- Brazil
- By Type
- Brazil Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Brazil Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Brazil Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Brazil Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- Middle East & Africa
- Middle East & Africa Laboratory Information Management System (LIMS) Market, Regional Analysis, 2020-2026 (USD Million)
- By Type
- Middle East & Africa Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Middle East & Africa Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Middle East & Africa Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Middle East & Africa Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- By Country
- Saudi Arabia
- By Type
- Saudi Arabia Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- Saudi Arabia Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- Saudi Arabia Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- Saudi Arabia Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
- UAE
- By Type
- UAE Laboratory Information Management System (LIMS) Market, By Type, 2020-2026 (USD Million)
- By Deployment Model
- UAE Laboratory Information Management System (LIMS) Market, By Deployment Model, 2020-2026 (USD Million)
- By Component
- UAE Laboratory Information Management System (LIMS) Market, By Component, 2020-2026 (USD Million)
- By Industry
- UAE Laboratory Information Management System (LIMS) Market, By Industry, 2020-2026 (USD Million)
The global Laboratory Information Management System (LIMS) Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Laboratory Information Management System (LIMS) Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.