LIMS Market Report 2024 (Global Edition)

Global LIMS Market Report 2024 Market Size Split by Type (Broads Based LIMS, Industry Specific LIMS), by Component (Services, Software), by Deployment Model (On-premise, Cloud-based, Remotely hosted),...

LIMS Market Report Description

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Competitive Landscape of the LIMS Market

Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.

LIMS Industry News

March 2021: LabVantage established Labvantage Analytics, a full-featured, self-service cutting-edge analytics solution that lets users easily examine, analyze, and visualize LIMS, enterprise, and exterior data to gain actionable company insights. This product introduced added value to the firm's business portfolio.

(Source:https://www.labvantage.com/labvantage-launches-full-featured-self-service-advanced-analytics-solution/ )

Top Companies Market Share in LIMS Industry: (In no particular order of Rank)

• Thermo Fisher Scientific Inc. (U.S.)
• PerkinElmer Inc. (U.S.)
• Autoscribe Informatics (U.S.)
• Novatek International (Russia)
• Benchling (U.S.)
• Agaram Technologies Pvt Ltd (India)
• Agilent Technologies
• Inc. (U.S.)
• LabWare (U.S.)
• STARLIMS Corporation (U.S.)
• IBM Corporation (U.S.)
• Roper Technologies
• Inc (U.S.)
• Eusoft Ltd. (China)
• Illumina Inc. (U.S.)
• McKesson Corporation (U.S.)
• Infors AG (U.S.)
• Siemens (Germany)
• Zoho Corporation Pvt. Ltd. (India)
• LabVantage Solutions Inc (U.S.)
• Shimadzu Corporation (Japan)
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the LIMS Market

Which Region will dominate the LIMS Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the increasing adoption of LIMS by different industries, including biotechnology and research, which has aided in high market growth. The region's intense focus on technological advancements and the high adoption of healthcare laboratory informatics has further accelerated the industry's high progression trajectory. With a consistent focus on regulatory compliance and data security, the North American LIMS market is projected to resume its upward trajectory, delivering unparalleled opportunities for creation and expansion within the industry.

Which Region is Expanding at the Fastest CAGR?

Europe is the fastest-growing region over the projected period, owing to the advancements in healthcare, pharmaceuticals, and research sectors. LIMS, which streamlines laboratory workflows, data management, and regulatory compliance, is witnessing increased adoption across various industries for improved efficiency and quality control. The European market is characterized by a competitive landscape with key players innovating to cater to diverse industry needs. 

The current report Scope analyzes LIMS Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America LIMS Market

According to Cognitive Market Research, the global LIMS market size was estimated at USD 15214.2 Million, out of which North America held the major market of more than 40% of the global revenue with market size of USD 900.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031 due to the presence of advanced infrastructure, rising demand for genomic studies, and expanded government budget are some other elements accountable for a high percentage of this region. According to Cognitive Market Research, stringent regulatory requirements push demand for efficient data management, quality control, and automation. Increased focus on environmental monitoring and technological advancements fuel growth in this sector, fostering innovation and sustainability. In conclusion, the LIMS market in North America is boosted by supportive policies facilitating laboratory automation adoption, such as EHR programs.

• According to Cognitive Market Research, the US had a major share in the LIMS market, with a market size of USD 710.48 million in 2024, and is projected to grow at a CAGR of 8.6% during the forecast period. The nation’s players in the market are collaborating to develop new digital LIMS. 
• The Canadian LIMS market had a market share of USD 108.06 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. The nation's increasing medical tourism.
• The Mexico LIMS market is projected to grow at a CAGR of 9.3% during the forecast period, with a market size of USD 81.94 million in 2024.

Europe LIMS Market

According to Cognitive Market Research, the global LIMS market size was estimated at USD 15214.2 Million, out of which Europe held the major market of more than 30% of the global revenue with a market size of USD 675.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031 owing to an increase in the need for CROs providing LIMS. Emerging countries remain prime outsourcing hubs due to the availability of professional manpower and low expenses. According to Cognitive Market Research, advancements in software systems from SaaS to more advanced CaaS, PaaS, and community networks. Various market players are constantly adopting various strategies to promote market growth. In conclusion, the region's LIMS market is driven by technological advancements pertinent to pharmaceutical laboratories, a rise in demand for lab automation, and advancements in R&D labs, particularly in pharmaceutical and biotechnological laboratories.

• The United Kingdom's LIMS market had a market share of USD 113.46 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. This is due to the country's growing emergence of various technologies and the rising foreign direct investments.
• The French LIMS market is projected to grow at a CAGR of 8.3% during the forecast period, with a market size of USD 62.13 million in 2024.
• According to Cognitive Market Research, the size of the German LIMS market was valued at USD 133.72 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. In Germany, LIMS sales surged due to the presence of major market players. 
• The Italian LIMS market is projected to grow at a CAGR of 8.5% during the forecast period, with a market size of USD 58.08 million in 2024.
• The Russian LIMS market is projected to grow at a CAGR of 8.1% during the forecast period, with a market size of USD 104.68 million in 2024.
• The Spanish LIMS market is projected to grow at a CAGR of 8.2% during the forecast period, with a market size of USD 55.38 million in 2024.
• The Luxembourg LIMS market is projected to grow at a CAGR of 9.2% during the forecast period, with a market size of USD 20.94 million in 2024.
• The Portugal LIMS market is projected to grow at a CAGR of 8.9% during the forecast period, with a market size of USD 14.18 million in 2024.
• The Greece LIMS market is projected to grow at a CAGR of 9.4% during the forecast period, with a market size of USD 8.10 million in 2024.
• The Rest of Europe's LIMS market is projected to grow at a CAGR of 7.8% during the forecast period, with a market size of USD 104.68 million in 2024.

Asia Pacific LIMS Market

According to Cognitive Market Research, the global LIMS market size was estimated at USD 15214.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 517.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031 due to region's the rising demand for CROs that provide LIMS. India and Japan, with their skilled workforce and low costs, remain attractive outsourcing destinations. According to Cognitive Market Research, regulatory compliance requirements, increasing adoption of automation in laboratories, and the growing focus on data integrity and traceability. This trend is bolstered by advancements in software technology tailored to meet diverse industry needs. In conclusion, the region's LIMS market is driven by several biopharma companies that are relocating their manufacturing facilities to the Asia-Pacific region for cost-effective production.

• According to Cognitive Market Research, the size of the Chinese LIMS market size was valued at USD 233.00 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. This is due to the region’s increasing focus on improving the efficiency of laboratories.
• The Japan LIMS market is projected to grow at a CAGR of 11.1% during the forecast period, with a market size of USD 71.45 million in 2024. This is due to the country's technological advancements in software solutions.
• The India LIMS market had a market share of USD 62.13 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. 
• The South Korean LIMS market is projected to grow at a CAGR of 11.7% during the forecast period, with a market size of USD 51.78 million in 2024.
• The Australian LIMS market is projected to grow at a CAGR of 12.3% during the forecast period, with a market size of USD 26.92 million in 2024.
• The South East Asia LIMS market is projected to grow at a CAGR of 13.6% during the forecast period, with a market size of USD 35.73 million in 2024.
• The Rest of Asia Pacific LIMS market is projected to grow at a CAGR of 12.4% during the forecast period, with a market size of USD 36.76 million in 2024.

South America LIMS Market

According to Cognitive Market Research, the global LIMS market size was estimated at USD 15214.2 Million, out of which Latin America market has more than 5% of the global revenue with market size of USD 112.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031 due to strict government regulations that force laboratories to deploy data management systems across industries, an increased level of automation in laboratories, the existence of leading LIMS vendors, and requirement for integration of laboratory systems. According to Cognitive Market Research, the region's increasing investments in healthcare infrastructure and research facilities foster a need for efficient data management solutions to enhance productivity and compliance. In conclusion, the region's LIMS market is driven by the rapid development of healthcare infrastructures and government support for digitalized services in developing countries.

• According to Cognitive Market Research, Brazil's LIMS market size was valued at USD 48.18 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. LIMS flourish in Brazil due to the nation's increasing need for clinical workflow management.
• The Argentina LIMS market had a market share of USD 18.91 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. Increasing availability of cost-effective informatics solutions.
• The Colombia LIMS market is projected to grow at a CAGR of 9.8% during the forecast period, with a market size of USD 10.02 million in 2024.
• The Peru LIMS market is projected to grow at a CAGR of 10.2% during the forecast period, with a market size of USD 9.23 million in 2024.
• The Chile LIMS market is projected to grow at a CAGR of 10.3% during the forecast period, with a market size of USD 8.10 million in 2024.
• The Rest of Latin America LIMS market is projected to grow at a CAGR of 9.1% during the forecast period with a market size of USD 18.12 million in 2024.

Middle East and Africa LIMS Market

According to Cognitive Market Research, the global LIMS market size was estimated at USD 15214.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with market size of USD 45.02 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031 due to increasing adoption of advanced technologies for research, stringent regulatory requirements, and growing demand for efficient data management solutions in laboratories, accelerating market growth and innovation. According to Cognitive Market Research, several associated advantages, such as expenses efficiency, maintaining focus on core competencies, and mutual improvement to both contractor & client, are anticipated to drive segment growth over the forecast period. In conclusion, the region's LIMS market is driven by rapid industrialization, increased research and development activities, and stringent regulatory requirements.

• According to Cognitive Market Research, the GCC Countries' LIMS market size was valued at USD 19.27 million in 2024 and is projected to grow at a CAGR of 11.1% during the forecast period. LIMS flourish in the GCC Countries due to the region's ability to enhance operational efficiency and meet the stringent requirements of their clients.
• The Egyptian LIMS market is projected to grow at a CAGR of 10.6% during the forecast period, with a market size of USD 4.73 million in 2024.
• The South African LIMS market is projected to grow at a CAGR of 11.3% during the forecast period, with a market size of USD 7.11 million in 2024. LIMS sales flourish in South Africa due to the region's rising demand for scientific data integration solutions.
• The Turkish LIMS market is projected to grow at a CAGR of 9.8% during the forecast period, with a market size of USD 3.87 million in 2024.
• The Nigeria LIMS market is projected to grow at a CAGR of 9.4% during the forecast period, with a market size of USD 4.73 million in 2024.
• The Rest of MEA LIMS market is projected to grow at a CAGR of 9.3% during the forecast period with a market size of USD 5.31 million in 2024.

LIMS Market Analysis

LIMS Market Type Segment Analysis

According to Cognitive Market Research, broad-based LIMS held the major market stake over the projected period due to the increasing demand for streamlined data management, regulatory compliance, and enhanced efficiency in laboratory operations. Broads-Based LIMS stands out with its customizable features, scalability, and user-friendly interface, driving market growth. 

The industry-specific LIMS is the fastest-growing category over the forecast period due to the unique needs of sectors like healthcare, pharma, and environmental sciences, ensuring regulatory compliance and efficiency. The LIMS market is driven by demand for data integration, regulatory compliance, and automation to enhance laboratory operations' productivity, accuracy, and quality.

• Broads Based LIMS
• Industry Specific LIMS

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of LIMS Industry. Request a Free Sample PDF!

LIMS Market Component Segment Analysis

According to Cognitive Market Research, software holds a prominent market share. LIMS facilitates data management, workflow automation, and regulatory compliance in laboratories, catering to industries like healthcare, pharmaceuticals, and biotechnology. Demand for efficiency, accuracy, and regulatory adherence propels the expansion of the LIMS market.

Services are the fastest-growing category over the forecast period due to increasing demand for efficient lab data management solutions. Drivers include advancements in healthcare, pharmaceuticals, and biotechnology sectors, alongside regulatory compliance requirements. Service offerings encompass implementation, customization, training, and support, meeting diverse industry needs for streamlined laboratory operations.

• Services
• Software

The above Graph is for representation purposes only. This chart does not depict actual Market share.

LIMS Deployment Model Segment Analysis

According to Cognitive Market Research, cloud-based services hold a prominent market share. Data can be accessed from numerous and virtually unlimited number of access points. In a growing isolated work culture, the flexibility delivered by features such as virtual access points remains a key factor helping the cloud-based product segment's dominance.

The on-premise is the fastest-growing category over the forecast period as the industries requiring stringent data control and compliance adherence, such as pharmaceuticals and healthcare. Concerns over data security, regulatory requirements, and customization needs fuel the demand for on-premise solutions, ensuring data integrity and confidentiality.

• On-premise
• Cloud-based
• Remotely hosted

LIMS End-User Segment Analysis

According to Cognitive Market Research, life sciences holds a prominent market share owing to the high adoption of LIMS in pharmaceutical laboratories. Lack of skilled staff, need for higher productivity, cost efficiency, and rising need for biobanks and biorepositories are projected to bolster the growth of this segment.

The environmental testing laboratories are the fastest-growing category over the forecast period due to increasing regulations and growing awareness of environmental issues, which is witnessing significant growth. This is bolstered by the adoption of LIMS to streamline operations, ensure compliance, and enhance efficiency in data management, driving market expansion.

• Life Sciences
• Petrochemical Refineries & Oil & Gas
• Chemical
• Food & Beverage & Agriculture
• Environmental Testing Laboratories
• Forensic laboratories
• Other End users

LIMS Distribution Channel Segment Analysis

According to Cognitive Market Research, retail sales hold a prominent market share. LIMS solutions streamline processes, enhance data management, and ensure regulatory compliance, catering to the evolving needs of retailers for efficient operations and superior customer experiences.

Direct Tenders is the fastest-growing category over the forecast period due to the rising need for specialized solutions tailored to unique requirements. Organizations seek vendors through direct tenders to secure cost-effective, customized LIMS solutions that streamline lab processes, ensure regulatory compliance, and enhance data management efficiency, optimizing their operations.

• Direct Tenders
• Retail Sales

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

Author's Conclusion