Asia Pacific Laboratory Information Management System Market Size & Outlook
Asia Pacific laboratory information management system market, 2018-2030 (US$M)
Related Markets
Asia Pacific laboratory information management system market highlights
- The Asia Pacific laboratory information management system market generated a revenue of USD 493.2 million in 2023.
- The market is expected to grow at a CAGR of 8.1% from 2024 to 2030.
- In terms of segment, cloud-based was the largest revenue generating product in 2023.
- Cloud-based 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 493.2 million |
| Market revenue in 2030 | USD 849.9 million |
| Growth rate | 8.1% (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 |
| Key market players worldwide | Thermo Fisher Scientific Inc, Siemens AG, LabVantage Solutions, Inc., PerkinElmer, Abbott Laboratories, Illumina Inc, Labworks, LabLynx, LABTrack, Ovation Science Inc Ordinary Shares, Assaynet, LabWare, Autoscribe Informatics, Falcon Computing Solutions, CloudLIMS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.9% of the global laboratory information management system 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 849.9 million by 2030.
Cloud-based was the largest segment with a revenue share of 43.33% in 2023. Horizon Databook has segmented the Asia Pacific laboratory information management system market based on on-premise, web-hosted, cloud-based covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific LIMS market is anticipated to exhibit lucrative growth during the forecast period owing to increase in the demand for CROs providing LIMS. Emerging economies such as India and Japan are outsourcing hubs due to the availability of skilled manpower at lower cost.
Growing investments in R&D, especially in pharmaceutical and biotechnology industries, and lack of skilled professionals are boosting the need for outsourcing, thus creating growth opportunities in the market. Key market players include McKesson Corporation, Abbott Informatics, Roper Technologies, Inc., and Siemens AG.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific laboratory information management system market size, by country, 2018-2030 (US$M)
Asia Pacific Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
