Europe Laboratory Information Management System Market Size & Outlook
Europe laboratory information management system market, 2018-2030 (US$M)
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Europe laboratory information management system market highlights
- The Europe laboratory information management system market generated a revenue of USD 563.0 million in 2023.
- The market is expected to grow at a CAGR of 7.4% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 563.0 million |
| Market revenue in 2030 | USD 926.2 million |
| Growth rate | 7.4% (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, Europe region accounted for 25.0% 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 42.82% in 2023. Horizon Databook has segmented the Europe 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.
Europe followed North America in terms of revenue share of LIMS market. Growing adoption of LIMS to comply with regulatory requirements, increasing need for LIMS automation, and technological advancements are some of the major factors driving the market growth.
Companies operating in Europe LIMS market is inclusive of Siemens AG, McKesson Corporation, Illumina, Inc., LABWORKS, AgileBio, and many others. Companies are focusing on implementing strategies such as acquisitions and development of new products to sustain their market shares.
In September 2021, Veeva Systems proclaimed Veeva Vault LIMS, a new cloud application to renovate quality control lab operations. Likewise, in March 2020, LabCollector LIMS developed by AgileBio were ready to join hands with the testing laboratories to rise the speed and efficiency of COVID-19 tests and its management. Thus, helping to eliminate the COVID-19 global pandemic.
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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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Europe laboratory information management system market size, by country, 2018-2030 (US$M)
Europe Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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