Germany Laboratory Information Management System Market Size & Outlook
Germany laboratory information management system market, 2018-2030 (US$M)
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Germany laboratory information management system market highlights
- The Germany laboratory information management system market generated a revenue of USD 126.0 million in 2023 and is expected to reach USD 278.7 million by 2030.
- The Germany market is expected to grow at a CAGR of 12% 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 126.0 million |
| Market revenue in 2030 | USD 278.7 million |
| Growth rate | 12% (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, Germany accounted for 5.6% 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 Europe, Germany laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 278.7 million by 2030.
Cloud-based was the largest segment with a revenue share of 43.1% in 2023. Horizon Databook has segmented the Germany 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.
Germany held the dominant share of European Laboratory Information Management System market in 2021. Huge geriatric population base is one of the highest impact rendering drivers in Germany.
According to the UN population data, one in every 20 Germans is aged above 80 and the number is expected to increase until 2050. Problems faced with increasing geriatric population include high risk of chronic diseases such as cardiovascular disease, diabetes, neurovascular disorders, and decrease in immunity levels.
Hence, German government is taking initiatives and investing in clinical trials pertaining to the aforementioned diseases, thereby, increasing the growth of the market.
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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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Germany laboratory information management system market size, by product, 2018-2030 (US$M)
Germany Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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