UK Laboratory Information Management System Market Size & Outlook
UK laboratory information management system market, 2018-2030 (US$M)
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UK laboratory information management system market highlights
- The UK laboratory information management system market generated a revenue of USD 66.6 million in 2023 and is expected to reach USD 133.1 million by 2030.
- The UK market is expected to grow at a CAGR of 10.4% 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 66.6 million |
| Market revenue in 2030 | USD 133.1 million |
| Growth rate | 10.4% (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, UK accounted for 2.9% 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 Europe, Germany laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 278.7 million by 2030.
Cloud-based was the largest segment with a revenue share of 42.49% in 2023. Horizon Databook has segmented the UK 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.
The UK LIMS market is anticipated to grow at a lucrative CAGR owing to increasing funds dedicated to R&D, especially in life sciences industry, and rising demand for laboratory automation. For instance, in September 2021, Health Minister launched a new USD 52.55m LIMS investment that will significantly advance the delivery of clinical diagnostic services for key parts of healthcare.
In October 2021, NHS Wales selected Citadel Health for laboratory system. The new LIMS Service from Citadel Health will be accountable for handling the 35 million plus test processed by NHS Wales in Cellular Pathology and Mortuary, Blood Sciences, Microbiology and Public Health Wales Cytology and Newborn Bloodspot Screening Services.
Presence of key companies such as LabVantage, LabWare, and Autoscribe Informatics, Inc. in the UK will support market growth. In January 2021, CliniSys has introduced a novel LIMS for genomic laboratories in the country. Collectively, these factors are anticipated to fuel the market growth in the coming years.
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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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UK laboratory information management system market size, by product, 2018-2030 (US$M)
UK Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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