Brazil Laboratory Information Management System Market Size & Outlook
Brazil laboratory information management system market, 2018-2030 (US$M)
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Brazil laboratory information management system market highlights
- The Brazil laboratory information management system market generated a revenue of USD 44.0 million in 2023 and is expected to reach USD 85.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10% 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.
Laboratory information management system market data book summary
| Market revenue in 2023 | USD 44.0 million |
| Market revenue in 2030 | USD 85.7 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Cloud-based |
| Fastest growing segment | Cloud-based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Brazil accounted for 1.9% of the global laboratory information management system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 52.7 million by 2030.
Cloud-based was the largest segment with a revenue share of 42.5% in 2023. Horizon Databook has segmented the Brazil 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.
Brazil presents one of the most profitable regional sectors for LIMS in Latin America owing to high healthcare expenditure in Latin America. Brazil LIMS market is expected to grow at a CAGR OF 10.3% over the forecast years owing to increasing R&D expenditure, especially in pharmaceutical and biotechnology industries.
In addition, economic growth and growing geriatric population are propelling the growth of the market. The life sciences industry in Brazil is growing at a lucrative rate and the U.S. and European top companies are collaborating with Brazilian life sciences companies to sustain the market shares.
Besides, the country has a significant laboratory infrastructure to support its advanced industrial sector. In November 2021, Autoscribe Informatics has selected Katalysis Scientific Instrumentation as its distributor in the country to sell, configure, and support the Matrix family of LIMS products.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil laboratory information management system market size, by product, 2018-2030 (US$M)
Brazil Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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