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According to the latest research, the global Laboratory Information Management Systems (LIMS) market size was valued at USD 884.06 million in 2022 and is expected to expand at a CAGR of 7.48% during the forecast period, reaching USD 1362.5 million by 2028.
A laboratory information management system (LIMS), also known as laboratory information system (LIS), is a software-based solution for modern-day laboratory operations. LIMS is an integrated solution that caters to a wide range of laboratory data & information management needs, such as tracking of lab tests performed, maintaining sample records, and managing customer services and the invoices for those services. Laboratory information management systems are increasingly being adopted in various industry verticals and are replacing other solutions including ELN (Electronic Laboratory Notebook), barcode management systems, accounting software, and patient portals. The laboratory information management system (LIMS) is designed to help in the integration of laboratory operations, such as consolidation of test results and speeding up the overall operations being carried out in the laboratory. Some of the core functions of LIMS include reception of samples and associated customer data, sample scheduling and tracking, sample processing and quality control, data storage, and inspection and compilation of sample data. Moreover, the exceptional amount of information that is generated from modern genomics is simply managed with the help of the LIMS software. Owing to the improved efforts of researchers and clinicians for the betterment of lab operations and the growing number of samples in the labs, the requirement for LIMS software is increasing, which is contributing to the development of this segment of the market studied.
Growing use of LIMS to comply with stringent regulatory requirements
In various countries, pharmaceutical and biotechnology companies face immense pressure to comply with strict regulatory guidelines for preclinical and clinical testing before launching new drugs into the market. For instance, regulatory requirements such as 21 CFR Part 11 and Clinical Laboratory Improvement Amendments (CLIA) in the pharmaceutical and biotech industries include documentation and audit trails—from research & development and testing to production and quality control. In addition to these regulations, guidelines regarding appropriate labeling and advertising are also required to be followed. Owing to these data management and security concerns, most laboratories are increasingly adopting LIMS to streamline their workflows and comply with stringent regulatory standards. Also, these systems help laboratories meet regulatory requirements without compromising process versatility, as they easily get configured with laboratory systems to record and update data (which can be easily accessed and analyzed). This is expected to increase the demand for LIMS in laboratories operating in target industries during the forecast period.
Interfacing challenges with informatics software
With the changing nature of procedures and technologies, it has become increasingly important for laboratories to streamline their workflows. The changing nature of procedures requires automation of solutions with greater flexibility and interfacing capabilities of LIMS with laboratory and production instruments.
Region Overview:
Geographically, North America held the largest market share – 41.03% in 2022.
Company Overview:
LabWare, Inc. is one of the major players operating in the Laboratory Information Management Systems (LIMS) market, holding a share of 19.75% in 2023.
LabWare, Inc.
LabWare was founded in 1987 in Wilmington, DE by Vance Kershner. LabWare is a company that develops and implements Laboratory Information Management Systems (LIMS) and Electronic Laboratory Notebooks (ELN). The company is based in Wilmington, DE, and uses Smalltalk to develop both its LIMS and ELN.
Thermo Fisher Scientific, Inc.
Thermo Fisher Scientific is an American provisioner of scientific instrumentation, reagents and consumables, and software services. Thermo Fisher Scientific, Inc. manufactures scientific instruments, consumables, and chemicals. The Company offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies.
Segmentation Overview:
As for product types, the Software segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Pharmaceutical, with a market share of 32.43% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Laboratory Information Management Systems (LIMS) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Laboratory Information Management Systems (LIMS). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Laboratory Information Management Systems (LIMS) Market Report Include:
Market Size Estimates: Laboratory Information Management Systems (LIMS) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Laboratory Information Management Systems (LIMS) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Laboratory Information Management Systems (LIMS) market
Segment Market Analysis: Laboratory Information Management Systems (LIMS) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Laboratory Information Management Systems (LIMS) market situations and prospects in major and top regions and countries
Laboratory Information Management Systems (LIMS) Market
Laboratory Information Management Systems (LIMS) Industry Chain: Laboratory Information Management Systems (LIMS) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Laboratory Information Management Systems (LIMS) Industry News, Policies by regions
Laboratory Information Management Systems (LIMS) Industry Porters Five Forces Analysis
Key players in the global Laboratory Information Management Systems (LIMS) market are covered in Chapter 2:
Baytek International
Sapio Sciences
Labworks, LLC
LabWare, Inc.
LabVantage Solutions, Inc.
Computing Solutions, Inc.
Starlims
LabLynx, Inc.
Illumina
Thermo Fisher Scientific, Inc.
Autoscribe Informatics
Siemens
In Chapter 6 and Chapter 9, on the basis of types, the Laboratory Information Management Systems (LIMS) market from 2018 to 2028 is primarily split into:
Software
Services
In Chapter 7 and Chapter 10, on the basis of applications, the Laboratory Information Management Systems (LIMS) market from 2018 to 2028 covers:
Pharmaceutical
Biotech
Chemical
Agriculture
Oil & Gas
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Laboratory Information Management Systems (LIMS) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Laboratory Information Management Systems (LIMS) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Laboratory Information Management Systems (LIMS) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Laboratory Information Management Systems (LIMS) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Laboratory Information Management Systems (LIMS) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Laboratory Information Management Systems (LIMS) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Laboratory Information Management Systems (LIMS) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
A laboratory information management system (LIMS), also known as laboratory information system (LIS), is a software-based solution for modern-day laboratory operations. LIMS is an integrated solution that caters to a wide range of laboratory data & information management needs, such as tracking of lab tests performed, maintaining sample records, and managing customer services and the invoices for those services. Laboratory information management systems are increasingly being adopted in various industry verticals and are replacing other solutions including ELN (Electronic Laboratory Notebook), barcode management systems, accounting software, and patient portals. The laboratory information management system (LIMS) is designed to help in the integration of laboratory operations, such as consolidation of test results and speeding up the overall operations being carried out in the laboratory. Some of the core functions of LIMS include reception of samples and associated customer data, sample scheduling and tracking, sample processing and quality control, data storage, and inspection and compilation of sample data. Moreover, the exceptional amount of information that is generated from modern genomics is simply managed with the help of the LIMS software. Owing to the improved efforts of researchers and clinicians for the betterment of lab operations and the growing number of samples in the labs, the requirement for LIMS software is increasing, which is contributing to the development of this segment of the market studied.
Growing use of LIMS to comply with stringent regulatory requirements
In various countries, pharmaceutical and biotechnology companies face immense pressure to comply with strict regulatory guidelines for preclinical and clinical testing before launching new drugs into the market. For instance, regulatory requirements such as 21 CFR Part 11 and Clinical Laboratory Improvement Amendments (CLIA) in the pharmaceutical and biotech industries include documentation and audit trails—from research & development and testing to production and quality control. In addition to these regulations, guidelines regarding appropriate labeling and advertising are also required to be followed. Owing to these data management and security concerns, most laboratories are increasingly adopting LIMS to streamline their workflows and comply with stringent regulatory standards. Also, these systems help laboratories meet regulatory requirements without compromising process versatility, as they easily get configured with laboratory systems to record and update data (which can be easily accessed and analyzed). This is expected to increase the demand for LIMS in laboratories operating in target industries during the forecast period.
Interfacing challenges with informatics software
With the changing nature of procedures and technologies, it has become increasingly important for laboratories to streamline their workflows. The changing nature of procedures requires automation of solutions with greater flexibility and interfacing capabilities of LIMS with laboratory and production instruments.
Major players
are increasingly utilizing automated instruments that require updated advanced interfaces, while, on the other hand, some small companies may have decade-old instruments that require a different kind of interface. Delivering solutions compatible with diverse laboratory and manufacturing systems is a major challenge faced by LIMS providers. Also, providers find it extremely challenging to deliver solutions to meet the specific requirements of user companies.Region Overview:
Geographically, North America held the largest market share – 41.03% in 2022.
Company Overview:
LabWare, Inc. is one of the major players operating in the Laboratory Information Management Systems (LIMS) market, holding a share of 19.75% in 2023.
LabWare, Inc.
LabWare was founded in 1987 in Wilmington, DE by Vance Kershner. LabWare is a company that develops and implements Laboratory Information Management Systems (LIMS) and Electronic Laboratory Notebooks (ELN). The company is based in Wilmington, DE, and uses Smalltalk to develop both its LIMS and ELN.
Thermo Fisher Scientific, Inc.
Thermo Fisher Scientific is an American provisioner of scientific instrumentation, reagents and consumables, and software services. Thermo Fisher Scientific, Inc. manufactures scientific instruments, consumables, and chemicals. The Company offers analytical instruments, laboratory equipment, software, services, consumables, reagents, chemicals, and supplies to pharmaceutical and biotech companies, hospitals and clinical diagnostic labs, universities, research institutions, and government agencies.
Segmentation Overview:
As for product types, the Software segment held the largest market share in 2022.
Application Overview:
The market's largest segment by application is the segment Pharmaceutical, with a market share of 32.43% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the Laboratory Information Management Systems (LIMS) industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Laboratory Information Management Systems (LIMS). The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Laboratory Information Management Systems (LIMS) Market Report Include:
Market Size Estimates: Laboratory Information Management Systems (LIMS) market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Laboratory Information Management Systems (LIMS) market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Laboratory Information Management Systems (LIMS) market
Segment Market Analysis: Laboratory Information Management Systems (LIMS) market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Laboratory Information Management Systems (LIMS) market situations and prospects in major and top regions and countries
Laboratory Information Management Systems (LIMS) Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Laboratory Information Management Systems (LIMS) Industry Chain: Laboratory Information Management Systems (LIMS) market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Laboratory Information Management Systems (LIMS) Industry News, Policies by regions
Laboratory Information Management Systems (LIMS) Industry Porters Five Forces Analysis
Key players in the global Laboratory Information Management Systems (LIMS) market are covered in Chapter 2:
Baytek International
Sapio Sciences
Labworks, LLC
LabWare, Inc.
LabVantage Solutions, Inc.
Computing Solutions, Inc.
Starlims
LabLynx, Inc.
Illumina
Thermo Fisher Scientific, Inc.
Autoscribe Informatics
Siemens
In Chapter 6 and Chapter 9, on the basis of types, the Laboratory Information Management Systems (LIMS) market from 2018 to 2028 is primarily split into:
Software
Services
In Chapter 7 and Chapter 10, on the basis of applications, the Laboratory Information Management Systems (LIMS) market from 2018 to 2028 covers:
Pharmaceutical
Biotech
Chemical
Agriculture
Oil & Gas
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Laboratory Information Management Systems (LIMS) market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Laboratory Information Management Systems (LIMS) industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Laboratory Information Management Systems (LIMS) market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Laboratory Information Management Systems (LIMS) industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Laboratory Information Management Systems (LIMS) market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Laboratory Information Management Systems (LIMS) market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Laboratory Information Management Systems (LIMS) market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
