Asia Pacific Laboratory Informatics Market Size & Outlook
Asia Pacific laboratory informatics market, 2018-2030 (US$M)
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Asia Pacific laboratory informatics market highlights
- The Asia Pacific laboratory informatics market generated a revenue of USD 882.4 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, laboratory information management systems (lims) was the largest revenue generating product in 2023.
- Laboratory Information Management Systems (LIMS) is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 882.4 million |
| Market revenue in 2030 | USD 1,446.4 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Information Management Systems (LIMS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM) |
| Key market players worldwide | Thermo Fisher Scientific Inc, LabWare, PerkinElmer, LabVantage Solutions, Inc., LabLynx, Agilent Technologies Inc, McKesson Corp, Waters Corp, Abbott Laboratories |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.0% of the global laboratory informatics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,446.4 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific laboratory informatics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laboratory informatics market will help companies and investors design strategic landscapes.
Laboratory information management systems (lims) was the largest segment with a revenue share of 47.39% in 2023. Horizon Databook has segmented the Asia Pacific laboratory informatics market based on laboratory information management systems (lims), electronic lab notebooks (eln), scientific data management systems (sdms), laboratory execution systems (les), electronic data capture (edc) & clinical data management systems (cdms), chromatography data systems (cds), enterprise content management (ecm) covering the revenue growth of each sub-segment from 2018 to 2030.
Asia pacific is emerging as an outsourcing hub for the laboratory informatics market due to its surging demand by the pharmaceutical manufacturers. Manufacturers outsource LIMS services to improve operational efficiency and reduce the cost of LIMS support systems.
The presence of a number of CROs in the fast-growing economies, such as India and China, is anticipated to boost the demand over the forecast period. Growing investments in R&D, especially in the pharmaceutical & biotechnology industries, and lack of skilled professionals are boosting the need for outsourcing, thus creating growth opportunities in the market.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific laboratory informatics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific laboratory informatics market size, by country, 2018-2030 (US$M)
Asia Pacific Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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