South Korea Laboratory Information Management System Market Size & Outlook
The laboratory information management system market in South Korea is expected to reach a projected revenue of US$ 68.9 million by 2030. A compound annual growth rate of 8.4% is expected of South Korea laboratory information management system market from 2024 to 2030.
Revenue, 2023 (US$M)
$39.2
Forecast, 2030 (US$M)
$68.9
CAGR, 2024 - 2030
8.4%
Report Coverage
South Korea
South Korea laboratory information management system market, 2018-2030 (US$M)
Related Markets
South Korea laboratory information management system market highlights
- The South Korea laboratory information management system market generated a revenue of USD 39.2 million in 2023 and is expected to reach USD 68.9 million by 2030.
- The South Korea market is expected to grow at a CAGR of 8.4% 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 39.2 million |
| Market revenue in 2030 | USD 68.9 million |
| Growth rate | 8.4% (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 Korea accounted for 1.7% 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.
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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 |
|---|
South Korea laboratory information management system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to laboratory information management system market will help companies and investors design strategic landscapes.
Cloud-based was the largest segment with a revenue share of 43.11% in 2023. Horizon Databook has segmented the South Korea 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.
- South Korea Laboratory Information Management System Product Outlook (Revenue, USD Million, 2018-2030)
- On-premise
- Web-hosted
- Cloud-based
- South Korea Laboratory Information Management System Component Outlook (Revenue, USD Million, 2018-2030)
- Software
- Services
- South Korea Laboratory Information Management System End-Use Outlook (Revenue, USD Million, 2018-2030)
- Life Sciences
- CROs
- Petrochemical Refineries & Oil and Gas Industry
- Chemical Industry
- Food and Beverage & Agriculture Industries
- Environmental Testing Laboratories
- Other Industries (Forensics and Metal & Mining Laboratories)
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Target buyers of South Korea laboratory information management system market databook
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Our clientele includes a mix of laboratory information management system market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea laboratory information management system market , including forecasts for subscribers. This country databook contains high-level insights into South Korea laboratory information management system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
South Korea laboratory information management system market size, by product, 2018-2030 (US$M)
South Korea Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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