U.S. Laboratory Information Management System Market Size & Outlook
U.S. laboratory information management system market, 2018-2030 (US$M)
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U.S. laboratory information management system market highlights
- The U.S. laboratory information management system market generated a revenue of USD 842.3 million in 2023 and is expected to reach USD 1,220.7 million by 2030.
- The U.S. market is expected to grow at a CAGR of 5.4% 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 842.3 million |
| Market revenue in 2030 | USD 1,220.7 million |
| Growth rate | 5.4% (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, U.S. accounted for 37.3% 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 North America, U.S. laboratory information management system market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 240.0 million by 2030.
Cloud-based was the largest segment with a revenue share of 43.95% in 2023. Horizon Databook has segmented the U.S. 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 U.S. held the largest share of North America LIMS market in 2021. The presence of established pharmaceutical companies & research laboratories and higher awareness about LIMS among end users are expected to drive its demand in the U.S.
Furthermore, increasing R&D in biotechnology & pharmaceutical industries and presence of stringent regulatory guidelines are expected to fuel the growth of this market during the forecast period. Major players operating in the market include LabWare, Thermo Fisher Scientific, Abbott Informatics, and LabVantage Solutions.
Companies are focusing on implementing strategies such as development of new products, geographic expansion, updating products, and entering into partnership & distribution agreements to increase their revenue shares and maintain their position in the market.
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Laboratory Information Management System Market Scope
Laboratory Information Management System Market Companies
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U.S. laboratory information management system market size, by product, 2018-2030 (US$M)
U.S. Laboratory Information Management System Market Outlook Share, 2023 & 2030 (US$M)
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