Mexico Laboratory Information Management System Market Size & Outlook
Mexico laboratory information management system market, 2018-2030 (US$M)
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Mexico laboratory information management system market highlights
- The Mexico laboratory information management system market generated a revenue of USD 25.9 million in 2023 and is expected to reach USD 52.7 million by 2030.
- The Mexico market is expected to grow at a CAGR of 10.7% 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 25.9 million |
| Market revenue in 2030 | USD 52.7 million |
| Growth rate | 10.7% (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, Mexico accounted for 1.1% 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 Latin America, Brazil laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 52.7 million by 2030.
Cloud-based was the largest segment with a revenue share of 42.86% in 2023. Horizon Databook has segmented the Mexico 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.
Mexico is expected to witness lucrative growth in Latin America LIMS market owing to improving healthcare infrastructure, which has led to an increase in the demand for laboratory automation.
Moreover, gas and petrochemical industries in Mexico have been continuously growing over the last few years and the need for LIMS is increasing for the advancement of laboratories. For instance, in January 2017, PEMEX Gas and Basic Petrochemicals started a project on LIMS standardization in its nine gas operating plants in Mexico.
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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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Mexico laboratory information management system market size, by product, 2018-2030 (US$M)
Mexico Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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