South Africa Laboratory Information Management System Market Size & Outlook
South Africa laboratory information management system market, 2018-2030 (US$M)
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South Africa laboratory information management system market highlights
- The South Africa laboratory information management system market generated a revenue of USD 10.8 million in 2023 and is expected to reach USD 27.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 14.5% 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.
Laboratory information management system market data book summary
| Market revenue in 2023 | USD 10.8 million |
| Market revenue in 2030 | USD 27.9 million |
| Growth rate | 14.5% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 27.9 million by 2030.
Cloud-based was the largest segment with a revenue share of 42.59% in 2023. Horizon Databook has segmented the South Africa 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.
Growing investments in R&D in healthcare industry and technological advancements in laboratories are expected to create new growth opportunities in South Africa LIMS market. Moreover, growing focus of leading players on developing countries is also likely to propel the growth of the market. LabWare was estimated to be the preferred vendor in South Africa due to lesser cost and ease of use of its products.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
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South Africa laboratory information management system market size, by product, 2018-2030 (US$M)
South Africa Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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