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US and EU Laboratory Information Management Systems Industry Forecast, 2027 Updated Research Available
Data-driven Decision Making and Growing Cloud Deployment Fuel Market Growth
25-May-2023
North America
Market Research
PDEA-01-00-00-00
HC03669-NA-MT_27705
The laboratory information management systems (LIMS) industry in the United States and Europe is forecast to grow from 2023 to 2027 at a CAGR of 8.8% and 6.3%, respectively, driven by the increasing need for laboratory automation, regulatory compliance, and cloud-based solutions. Prominent players in the US and EU LIMS industries, such as ThermoFisher Scientific, Clinisys, Benchling, LabWare, LabVantage, STARLIMS Corporation, Siemens, and Autoscribe Informatics, prioritize innovation, strategic partnerships, and mergers and acquisitions to enhance their market presence. The emphasis on data security and privacy and need for advanced data analytics solutions to optimize operational efficiency and decision-making drive LIMS adoption in both regions. Most of the growth comes from the enterprise pharmaceutical client segment, as many pharma companies focus on streamlining their research operations. Cloud-based LIMS solutions are increasingly popular because of their scalability, flexibility, and cost-effectiveness, benefiting small and medium labs by eliminating the need for on-premises IT infrastructure and reducing maintenance costs. The COVID-19 pandemic has accelerated LIMS adoption, particularly in industries requiring remote data management, collaboration, and automation. The US and EU LIMS industry is highly competitive, with established and new players competing by improving product offerings, expanding geographic reach, and delivering customized solutions to meet customer needs. Emerging economies, such as China and India, present growth opportunities for LIMS industry players, given their rapid expansion in the healthcare and biotechnology sectors.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the US and EU LIMS Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of the Study
LIMS Industry End-user Segmentation
Difference between LIMS and LIS
LIMS Industry Product Type Segmentation
Key Competitors
LIMS Overview
LIMS Workflow and Core Functionalities
Growth Metrics
US Growth Metrics
EU Growth Metrics
Growth Drivers
Growth Restraints
Forecast Assumptions
Revenue Forecast
Revenue Forecast by Region
US LIMS Revenue Forecast Analysis
US LIMS Revenue Forecast Analysis (continued)
EU LIMS Revenue Forecast Analysis
EU LIMS Revenue Forecast Analysis (continued)
US and EU LIMS Revenue Forecast by End-user Segment
US and EU LIMS Revenue Forecast by End-user Segment Analysis
US and EU LIMS Revenue Forecast by End-user Segment Analysis (continued)
US and EU LIMS Industry Revenue Forecast by Product Type
US and EU LIMS Industry Revenue Forecast by Product Type Analysis
Comparative Analysis of LIMS by Product Type
Comparative Analysis of LIMS by Product Type (continued)
Pricing Trends and Analysis
Pricing Trends and Analysis (continued)
Competitive Environment
US and EU LIMS Revenue Share by Tier Classification
Companies to Watch—ThermoFisher Scientific (Core Informatics)
Companies to Watch—Clinisys
Companies to Watch—Benchling
Companies to Watch—LabWare
Companies to Watch—LabVantage
Companies to Watch—STARLIMS (A Francisco Partners Subsidiary)
Competitive Mapping by Product Integration
Competitive Mapping by Industry Focus
Growth Opportunity Summary
Growth Opportunity 1—Artificial Intelligence
Growth Opportunity 1—Artificial Intelligence (continued)
Growth Opportunity 2—Customized Industry-specific Solutions
Growth Opportunity 2—Customized Industry-specific Solutions (continued)
Growth Opportunity 3—Hybrid Cloud Platform
Growth Opportunity 3—Hybrid Cloud Platform (continued)
Growth Opportunity 4—Targeting LIMS in Asia-Pacific
Growth Opportunity 4—Targeting LIMS in Asia-Pacific (continued)
Your Next Steps
Why Frost, Why Now?
List of Exhibits
Legal Disclaimer
List of Figures
- LIMS Industry: Growth Metrics, United States and European Union, 2022
- LIMS Industry: Growth Metrics, United States, 2022
- LIMS Industry: Growth Metrics, European Union, 2022
- LIMS Industry: Growth Drivers, United States and European Union, 2023–2027
- LIMS Industry: Growth Restraints, United States and European Union, 2023–2027
- LIMS Industry: Revenue Forecast, United States and European Union, 2022–2027
- LIMS Industry: Revenue Forecast by Region, United States and European Union, 2022–2027
- LIMS Industry: Revenue Forecast by End Users, United States and European Union, 2022–2027
- LIMS Industry: Revenue Forecast by Product Type, United States and European Union, 2022–2027
- LIMS Industry: Advantages by Product Type, United States and European Union, 2022
- LIMS Industry: Disadvantages by Product Type, United States and European Union, 2022
- LIMS Industry: Competitive Environment, United States and European Union, 2022
- US and EU LIMS Revenue Share by Tier Classification, 2022
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