Global Laboratory Information Management System Market Size & Outlook
The laboratory information management system industry worldwide is expected to reach a projected revenue of US$ 3,562.5 million by 2030. A compound annual growth rate of 6.7% is expected of the worldwide laboratory information management system industry from 2024 to 2030.
Revenue, 2023 (US$M)
$2,256.7
Forecast, 2030 (US$M)
$3,562.5
CAGR, 2024 - 2030
6.7%
Report Coverage
Worldwide
Global laboratory information management system market, 2018-2030 (US$M)
Related Markets
Global laboratory information management system market highlights
- The global laboratory information management system market generated a revenue of USD 2,256.7 million in 2023 and is expected to reach USD 3,562.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 6.7% by 2030.
- In terms of segment, cloud-based accounted for a revenue of USD 978.7 million in 2023.
- Cloud-based is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,256.7 million |
| Market revenue in 2030 | USD 3,562.5 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Cloud-based |
| Fastest growing segment | Cloud-based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | On-premise, Web-hosted, Cloud-based |
Other key industry trends
- In terms of revenue, the North America accounted for 44.5% of the global laboratory information management system market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 1,220.7 million by 2030.
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Laboratory Information Management System Market Scope
Laboratory information management system market segmentation & scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global laboratory information management system market size, by regions, 2018-2030 (US$M)
Top 10 countries: Laboratory information management system market size, 2023 (US$M)
Global laboratory information management system market share, by product, 2023 & 2030 (%, US$M)
Laboratory information management system market: Opportunity assessment by country
Global laboratory information management system market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 563.1 | 603.6 | 682.8 | 844.2 | 935.1 | 1,004.2 | 1,075.4 | 1,146.1 | 1,206.5 | 1,267.6 | 1,330.4 | 1,394.7 | 1,460.6 | 5.5% |
| Europe | 292.2 | 313.8 | 363.7 | 457.3 | 515.3 | 563.0 | 613.4 | 665.3 | 712.7 | 762.1 | 814.1 | 868.8 | 926.2 | 7.4% |
| Asia Pacific | 259.0 | 286.9 | 311.7 | 394.9 | 448.3 | 493.2 | 541.2 | 590.9 | 637.3 | 686.0 | 737.6 | 792.2 | 849.9 | 8.1% |
| Latin America | 67.2 | 73.3 | 80.1 | 101.3 | 114.6 | 125.7 | 137.6 | 149.8 | 161.1 | 173.0 | 185.5 | 198.8 | 212.7 | 7.8% |
| MEA | 38.1 | 41.5 | 46.0 | 57.7 | 64.7 | 70.4 | 76.5 | 82.6 | 88.2 | 94.0 | 100.0 | 106.4 | 113.0 | 7.0% |
| Overall | 1,219.6 | 1,319.0 | 1,484.3 | 1,855.3 | 2,078.0 | 2,256.7 | 2,444.0 | 2,634.6 | 2,805.9 | 2,982.6 | 3,167.6 | 3,360.8 | 3,562.5 | 6.7% |
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