China Laboratory Information Management System Market Size & Outlook
China laboratory information management system market, 2018-2030 (US$M)
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China laboratory information management system market highlights
- The China laboratory information management system market generated a revenue of USD 108.5 million in 2023 and is expected to reach USD 189.9 million by 2030.
- The China market is expected to grow at a CAGR of 8.3% 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 108.5 million |
| Market revenue in 2030 | USD 189.9 million |
| Growth rate | 8.3% (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, China accounted for 4.8% 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 Asia Pacific, Japan laboratory information management system 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 218.5 million by 2030.
Cloud-based was the largest segment with a revenue share of 43.78% in 2023. Horizon Databook has segmented the China 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.
China LIMS market is anticipated to exhibit steady growth during the forecast period owing to increasing funds for genome studies. In February 2021, The Chinese government has made an investment in BGI Genomics Co. BGI Group, runs a huge gene databank in the country and has DNA sequencing contracts with health companies and universities globally.
To integrate information and communication technology at all geographic levels and close the inequity gap in healthcare access, the Chinese government, through its 12th Five-Year Plan, aims at developing e-health records and facilitate information sharing using Regional Healthcare Information Networks (RHINs) for citizens residing in rural parts of the country as well.
These initiatives are expected to help penetrate the lab informatics services in China, thus boosting the market growth.
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Laboratory Information Management System Market Scope
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China laboratory information management system market size, by product, 2018-2030 (US$M)
China Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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