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DOWNLOAD SAMPLE“The U.S. Laboratory Information Management System (LIMS) market, poised for transformative growth. As the demand for laboratory automation soars, fuelled by cutting-edge technological advancements in pharmaceutical labs, the landscape of lab management is set to evolve dramatically. ”
The U.S. Laboratory Information Management System (LIMS) market is currently experiencing a robust phase of growth, with its value expected to escalate from $613.27 million in 2022 to a significant $1,060.52 million by 2028. This impressive growth trajectory, pegged at a CAGR of 9.56%, reflects a substantial absolute growth of 72.93%.
This market expansion is primarily fueled by the increasing utilization of laboratory automation, a surge in life sciences R&D activities, and the rapid technological evolution of laboratory informatics solutions. During the Covid-19 pandemic, the demand for laboratory testing services skyrocketed, placing immense pressure on clinical laboratories and their personnel.
In terms of product type, the broad-based LIMS sector leads the market, holding a 63.44% share and generating $389.06 million in revenue as of 2022. This sector is projected to continue its dominance, reaching $657.63 million by 2028. The appeal of these systems lies in their adaptability, offering customizations that support various laboratories across multiple sites.
Regarding component type, the services segment commands a substantial market share of 58.88%, amassing revenue of $361.09 million in 2022. This figure is expected to soar to $639.71 million, attributed to the increasing demand for professional services like installation and consulting.
The cloud-based LIMS segment, under the deployment type category, also demonstrates notable growth. Occupying a 45.87% market share, it generated $281.31 million in 2022 and is anticipated to reach $514.88 million. This growth is driven by the rising need for remote access to laboratory data.
Life Sciences, as an end-user segment, holds the largest market share at 56.23%, with revenue of $344.84 million in 2022, and is expected to grow to $618.60 million. This growth is due to the increase in research centers across the U.S.
The market's dynamics are further influenced by the rising demand for customizable and modular LIMS, particularly in genomics and next-generation sequencing. The push for automation in laboratories is also a key factor, leading to the adoption of cloud-based lab automation solutions.
Amidst this competitive landscape, significant players like Illumina, ThermoFischer Scientific, Starlims, LabVantage, and LabWare are focusing on strategies such as product launches, marketing activities, acquisitions, and R&D investments to strengthen their market position. The competition is further intensified by regional vendors who are innovating with cost-effective products and technologies, offering tremendous growth opportunities for both existing and emerging market players.
Key Highlights
- In US, the laboratory information management system market was valued at $613.27 million in 2022 and is expected to reach $1,060.52 million by 2028, growing at a CAGR of 9.56%.
- The growth of this market is attributed by the following factors such as the growing use of automation in laboratories, increasing R&D activities in the life sciences industry, technological advancements in laboratory informatics solutions. The demand for laboratory testing services experienced a surge at the time of Covid-19 pandemic. Clinical laboratories were operating at maximum capacity which resulted in stress for the laboratory personnel.
- By Product type, Broad based LIMS occupied major share with 63.44% market share. This is due to the greater scope for having customizations and interpretation that can support multiple laboratories across the different sites.
- By Component type, the Services segment occupied a major market share of more than 58%. This is due to the end-user demand for professional services including installation and consulting.
- By Deployment type, the Cloud-Based LIMS segment occupied a major market share and is expected to grow at a CAGR of 10.60% during the forecast period. This is due to the rising need for remote access to laboratory data.
- By End-User type, the Life Sciences segment generated a revenue of over $344 million in 2022 and is expected to witness significant growth during the forecast period. This is due to the increase of research centers across the US.
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Summary
THE FOLLOWING MARKET SEGMENT ANALYSIS ARE INCLUDED IN THIS REPORT
REPORT HIGHLIGHTS
PRODUCT SEGMENTATION & FORECAST
- By Product
- Broad-Based LIMS
- Industry Specific LIMS
- By Component
- Services
- Software
- By Deployment
- Cloud-Based LIMS
- Web-Hosted LIMS
- On-Premises LIMS
- By End-User
- Life Sciences
- Chemical & Energy
- Food, Beverages & Agriculture Industries
- Others
- MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of Laboratory Information Management System Market
- Key Vendors
- Other Prominent Vendors
- APPENDIX
- Research Methodology
- Abbreviations
- About Arizton
Vendors List
1. LabVantage
2. Labware
3. ThermoFisher Scientific
4. StarLIMS
5. Labguru
6. QBench
7. Advanced Technology Corp
8. Autoscribe Informatics
9. Blaze Systems
10. Agilent Technologies
11. Novatek International
12. Illumina
13. Clinisys
14. CloudLIMS
15. CompuGroup Medical
16. CrelioHealth
17. Dassault Systems
18. Dotmatics
19. HighRes Biosolutions
20. L7 Informatics
21. LabLite
22. LabLynx
23. Orchard Software
24. Ovation
25. Accelerated Technology Laboratories
26. Agilebio
27. Benchling.
28. PerkinElmer
29. Siemens Healthineers
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Table Of Contents
- Executive Summary
- Key Findings
- US: Projected Revenue of Laboratory Information Management System Market (2022-2028; $Millions)
- US: Projected Revenue by Product (2022-2028; $Millions)
- Broad-Based LIMS
- Industry Specific LIMS
- US: Projected Revenue by Component (2022-2028; $Millions)
- Services
- Software
- US: Projected Revenue by Deployment (2022-2028; $Millions)
- Cloud-Based LIMS
- Web-Hosted LIMS
- On-Premises LIMS
- US: Projected Revenue by End-User (2022-2028; $Millions)
- Life Sciences
- Chemical & Energy
- Food, Beverages & Agriculture Industries
- Others
- Laboratory Information Management System Market Opportunities & Trends
- Laboratory Information Management System Market Drivers
- Laboratory Information Management System Market Constraints
- Laboratory Information Management System Market - Competitive Landscape
- Laboratory Information Management System Market – Key Vendor Profiles
- Laboratory Information Management System Market - Other Prominent Vendors
- Laboratory Information Management System Market - Key Strategic Recommendations
- Research Methodology
- Abbreviations
- About Arizton
- Exhibit 1: Market size & Forecast - Laboratory Information Management System in US (2022-2028)
- Exhibit 2: Market Size & Forecast – Broad-Based LIMS (2022-2028)
- Exhibit 3: Market Size & Forecast – Industry Specific LIMS (2022-2028)
- Exhibit 4: Market Size & Forecast – Services (2022-2028)
- Exhibit 5: Market Size & Forecast – Software (2022-2028)
- Exhibit 6: Market Size & Forecast – Cloud-Based LIMS (2022-2028)
- Exhibit 7: Market Size & Forecast – Web-Hosted LIMS (2022-2028)
- Exhibit 8: Market Size & Forecast – On-Premises LIMS (2022-2028)
- Exhibit 9: Market Size & Forecast – Life Sciences (2022-2028)
- Exhibit 10: Market Size & Forecast – Chemical & Energy (2022-2028)
- Exhibit 11: Market Size & Forecast – Food, Beverage & Agriculture Industries (2022-2028)
- Exhibit 12: Market Size & Forecast – Others (2022-2028)
- Table 1: Key Market Trends in Laboratory Information Management System Market
- Table 2: Key Market Enablers in Laboratory Information Management System Market
- Table 3: Key Market Constraints in Laboratory Information Management System Market
- Table 4: Strategic Recommendations in Laboratory Information Management System Market
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