Canada Laboratory Information Management System Market Size & Outlook
Canada laboratory information management system market, 2018-2030 (US$M)
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Canada laboratory information management system market highlights
- The Canada laboratory information management system market generated a revenue of USD 162.0 million in 2023 and is expected to reach USD 240.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 5.8% 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 162.0 million |
| Market revenue in 2030 | USD 240.0 million |
| Growth rate | 5.8% (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, Canada accounted for 7.2% 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 North America, U.S. laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 240.0 million by 2030.
Cloud-based was the largest segment with a revenue share of 42.84% in 2023. Horizon Databook has segmented the Canada 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.
Canada laboratory informatics market is expected to exhibit lucrative growth in the near future owing to the existence of an advanced healthcare information system, e.g., Canadian Institute for Health Information (CIHI) that helps in raising awareness.
Besides, the market to witness the fastest growth owing to growing demand for laboratory automation, government initiatives and investment, and increased investments in R&D in pharmaceutical and biotechnology industries.
For instance, in April 2022, the governments of Canada and Manitoba are invested $2.2 million to renovate the provincial Animal Health LIMS, federal Agriculture and Manitoba Agriculture Minister Derek Johnson, and Agri-Food Minister Marie-Claude Bibeau.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada laboratory information management system market size, by product, 2018-2030 (US$M)
Canada Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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