India Laboratory Information Management System Market Size & Outlook
India laboratory information management system market, 2018-2030 (US$M)
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India laboratory information management system market highlights
- The India laboratory information management system market generated a revenue of USD 114.0 million in 2023 and is expected to reach USD 218.5 million by 2030.
- The India market is expected to grow at a CAGR of 9.7% 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 114.0 million |
| Market revenue in 2030 | USD 218.5 million |
| Growth rate | 9.7% (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, India accounted for 5.1% 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 43.16% in 2023. Horizon Databook has segmented the India 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.
India LIMS market is anticipated to show lucrative growth and is predominantly driven by the increasing demand for outsourcing and laboratory automation. India is considered as one of the major outsourcing hubs owing to presence of skilled labor and low associated costs.
Some of the key companies operating in India LIMS market are LabVantage, Ocimum Biosolutions, STARLIMS, and Thermo Electron Corporation. In July 2019, Abbott has publicized the introduction of a LIMS, STARLIMS Quality Manufacturing Solution QM 12.0. Similaryly, in September 2017, Margy Tech Pvt. Ltd. launched its first cloud-based LIMS in India.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
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India laboratory information management system market size, by product, 2018-2030 (US$M)
India Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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