North America Laboratory Information Management System Market Size & Outlook
North America laboratory information management system market, 2018-2030 (US$M)
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North America laboratory information management system market highlights
- The North America laboratory information management system market generated a revenue of USD 1,004.2 million in 2023.
- The market is expected to grow at a CAGR of 5.5% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 1,004.2 million |
| Market revenue in 2030 | USD 1,460.6 million |
| Growth rate | 5.5% (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, North America region accounted for 44.5% 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 43.78% in 2023. Horizon Databook has segmented the North 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.
North America was estimated to be the largest regional market in 2021 and is expected to maintain its dominance during the forecast period. This growth can be attributed to economic development in the U.S. and Canada, which is boosting investments in new technologies.
Moreover, increase in the number of biobanks and biorepositories has fueled the need for LIMS, thus propelling its adoption over the years. Increasing demand for LIMS in genomic and cancer research studies is further expected to drive this market in this region.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
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North America laboratory information management system market size, by country, 2018-2030 (US$M)
North America Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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