India Laboratory Informatics Market Size & Outlook
India laboratory informatics market, 2018-2030 (US$M)
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India laboratory informatics market highlights
- The India laboratory informatics market generated a revenue of USD 193.1 million in 2023 and is expected to reach USD 346.2 million by 2030.
- The India market is expected to grow at a CAGR of 8.7% 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.
Laboratory informatics market data book summary
| Market revenue in 2023 | USD 193.1 million |
| Market revenue in 2030 | USD 346.2 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Information Management Systems (LIMS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 5.3% of the global laboratory informatics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan laboratory informatics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 346.2 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 46.92% in 2023. Horizon Databook has segmented the India 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.
In India, prevalence of diseases like cardiovascular & infectious diseases has also led to the growth of eClinical services to a large extent. This has led to the increase in demand for laboratory informatics market over the forecast period.
India has a potential to provide proper infrastructure for conducting clinical trials pertaining to affordable patient care and evidence-based management. To encourage clinical research, import duties on clinical trial supplies have been lifted by the government has also granted permission so that clinical trial specimens can be exported, which has been approved by the Drug Controller General of India. As a result, this country provides an attractive market for laboratory informatics with immense growth prospects.
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Horizon Databook provides a detailed overview of country-level data and insights on the India laboratory informatics market , including forecasts for subscribers. This country databook contains high-level insights into India laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India laboratory informatics market size, by product, 2018-2030 (US$M)
India Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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