Latin America Laboratory Information Management System Market Size & Outlook
The laboratory information management system market in Latin America is expected to reach a projected revenue of US$ 212.7 million by 2030. A compound annual growth rate of 7.3% is expected of Latin America laboratory information management system market from 2025 to 2030.
Revenue, 2024 (US$M)
$137.6
Forecast, 2030 (US$M)
$212.7
CAGR, 2025 - 2030
7.3%
Report Coverage
Latin America
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Latin America laboratory information management system market highlights
- The Latin America laboratory information management system market generated a revenue of USD 137.6 million in 2024.
- The market is expected to grow at a CAGR of 7.3% from 2025 to 2030.
- In terms of segment, cloud-based was the largest revenue generating product in 2024.
- Cloud-based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 137.6 million |
| Market revenue in 2030 | USD 212.7 million |
| Growth rate | 7.3% (CAGR from 2025 to 2030) |
| Largest segment | Cloud-based |
| Fastest growing segment | Cloud-based |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 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, Latin America region accounted for 5.6% of the global laboratory information management system market in 2024.
- 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 47.17% in 2024. Horizon Databook has segmented the Latin America 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.
Major countries contributing to the growth of Latin America LIMS market are Brazil and Mexico. Rapid economic growth in Mexico and Brazil is one of the key factors propelling the market growth during the forecast period.
Moreover, the high demand for laboratory automation to comply with stringent regulatory guidelines is also expected to boost the market. Some of the major players in the market are LabWare, Thermo Fisher Scientific, Inc., and Shimadzu Corporation.
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Laboratory Information Management System Market Scope
Laboratory information management system market segmentation & scope
Laboratory Information Management System Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| CloudLIMS | View profile | 11-50 | Wilmington, Delaware, United States, North America | http://cloudlims.com |
| Falcon Computing Solutions | View profile | 11-50 | Santa Clara, California, United States, North America | http://www.falconcomputing.com/ |
| Autoscribe Informatics | View profile | 101-250 | Lakeville, Minnesota, United States, North America | http://www.autoscribeinformatics.com |
| LabWare | View profile | 501-1000 | Wilmington, Delaware, United States, North America | https://www.labware.com |
| Assaynet | View profile | 1-10 | Ottawa, Ontario, Canada, North America | https://assaynetlims.com/ |
| LABTrack | View profile | 1-10 | Lake Forest, California, United States, North America | http://labtrack.com/ |
| Ovation Science Inc Ordinary Shares | View profile | - | 1166 Alberni Street, Suite 1003, Vancouver, BC, Canada, V6E 3Z3 | https://www.ovationscience.com |
| LabLynx | View profile | 11-50 | Smyrna, Georgia, United States, North America | https://www.lablynx.com |
| Labworks | View profile | 1-10 | London, England, United Kingdom, Europe | https://www.labworks.io/ |
| LabVantage Solutions, Inc. | View profile | 251-500 | Somerset, New Jersey, United States, North America | http://www.labvantage.com/ |
| PerkinElmer | View profile | 10001+ | Waltham, Massachusetts, United States, North America | http://www.perkinelmer.com |
| Illumina Inc | View profile | 9300 | 5200 Illumina Way, San Diego, CA, United States, 92122 | https://www.illumina.com |
| Thermo Fisher Scientific Inc | View profile | 122000 | 168 Third Avenue, Waltham, MA, United States, 02451 | https://www.thermofisher.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| Abbott Laboratories | View profile | 114000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | https://www.abbottinvestor.com |
Latin America laboratory information management system market size, by country, 2018-2030 (US$M)
Latin America Laboratory Information Management System Market Outlook Share, 2024 & 2030 (US$M)
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