Laboratory Information Management System Category Report, 2030

Laboratory Information Management System Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-050
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Laboratory Information Management System Category Overview

The laboratory information management system category is anticipated to grow at a CAGR of 6.7% from 2023 to 2030. Increasing automation such as cloud-based system, predictive analytics, and artificial intelligence has resulted in streamlined operations, increased productivity, and reduced cost, which helps laboratory information management systems (LIMS) in managing samples and associated data in the laboratories in an effective and efficient way. Additionally, rising demand for drug discoveries and R&D activities has led to the adoption and implementation of LIMS across the globe.

Many laboratories are now choosing cloud-based storage solutions for their Laboratory Information Management Systems (LIMS). Cloud-based LIMS systems provide widespread connectivity within labs, connecting various workstations, devices, and data sources. This connectivity enhances operational efficiency and effectiveness. These systems also offer scalability and strong maintenance support, enabling multiple integrations, comprehensive data management, advanced analytics, and more. The shift towards cloud deployments in laboratories is motivated by the need for agility, scalability, reduced costs, and simplified system upgrades and maintenance. By embracing cloud-based LIMS, laboratories can streamline their IT expenses and ensure smooth scalability and continuous system improvements.

LIMS integrated with Artificial Intelligence (AI) and Machine Learning (ML) algorithms greatly augment their utility by enabling precise predictions, enhanced data consolidation, and efficient decision-making. These algorithms streamline complex logic and computations, empowering managers to make well-informed choices grounded in valuable insights. In the biopharmaceutical sector, advanced algorithms are employed in laboratories to accelerate product development, leading to heightened quality and the development of vital new medications for patients. In the past, pharmaceutical manufacturing heavily depended on human intelligence and researchers' judgments, but now, AI has taken over the control of the decision-making process.

Industries prioritize operational convenience, often facing challenges when transitioning from traditional methods to advanced LIMS. Outdated processes, incompatible tools, and complex workflows in labs can complicate this shift. Consequently, labs are increasingly seeking pre-configured standard solutions with industry-standard capabilities and best practices. Adopting such solutions can streamline the implementation process, leading to immediate positive outcomes.

The category includes large established companies offering comprehensive solutions, as well as smaller niche players focusing on specific laboratory types or functionalities. This diversity intensifies competition. Continuous innovation and differentiation in service offerings, user experience, and compliance features drive competition among LIMS providers. Acquisitions, collaborations, and partnerships have also impacted the category growth in recent years. For instance, in August 2023, STARLIMS a provider of enterprise information solutions acquired Labstep. Through this acquisition, STARLIMS’ comprehensive LIMS technology combined with Labstep’s user-friendly, SaaS electronic laboratory notebook (ELN) platform. Through this acquisition, users can strip off complexity from the lab and unlock data’s true potential in a connected system.

Additionally, with more and more advanced technology, companies are upgrading their software to newer versions to sustain in the market. For example, in December 2022, LabVantage Solutions, which is the provider of laboratory informatics services, and solutions including LIMS solutions launched version 8.8 of its LabVantage LIMS platform. This version includes multiple enhancements within every element of the platform. This can also improve the security, usability, speed, and accuracy of LIMS components such as laboratory execution system (LES), and electronic laboratory notebook (ELN).

Labor, IT hardware costs, maintenance, staff training, legal charges, software update costs, and others are some of the cost components in providing laboratory information system services. The price varies based on the number of labs, modules, test methods, and customization required. The software development with basic features can cost around USD 45,000 to USD 70,000. With additional advance features, the cost may rise from USD 80,000 to USD 120,000. The cost of hiring a LIMS service provider in the U.S., and UK can be around USD 90 - 100 per hour, that is higher as compared to Asian countries where it can cost as low as USD 50 per hour.

In terms of providing laboratory information management system services, laboratories usually outsource the service as it can help labs save on cost and spend time on other important tasks such as running and scheduling the test instead of spending time on software management. For sourcing this service, customers usually look for service providers that offer end-to-end services, customizations, vendor’s reputation and brand awareness, application support, extra features, and subscription services. Identification of requirements followed by evaluating suppliers based on services they provide, round-the-clock technical support, value-added services, pricing, long-term relationships, and customization provided are the best sourcing practices for the category.

Laboratory Information Management System Procurement Intelligence Report Scope

Report Attribute


Laboratory Information Management System Category Growth Rate

CAGR of 6.7% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

 3% - 4% (annual)

Pricing Models

Service-based pricing; subscription-based pricing, Competition based pricing

Supplier Selection Scope

Cost and pricing, services provided, features, technical support, vendor’s reputation, service reliability and scalability, and compliance.

Supplier selection criteria

Various services provided, application support provided, IT support, technology used, end-to-end service, additional features, location and presence of supplier, and others

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

LabVantage Solutions, STARLIMS, ThermoFisher Scientific, LabWare, Siemens, Illumina, LabLynx, Labworks, Accelerated Technology Laboratories, QBench

Regional scope


Revenue Forecast in 2030

USD 3.5 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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