Laboratory Information Management Systems Market Report by Trends, Drivers, and Challenges - 2025

The global market for laboratory information management systems (LIMS) is projected to grow significantly, reaching approximately US$ 2,168.1 million by 2025, up from US$ 481.8 million in 2017. This growth represents a compound annual growth rate (CAGR) of 20.9% from 2018 to 2025.

Several factors are driving this expansion, including the increasing implementation of automation within laboratories and ongoing technological innovations in LIMS. Additionally, emerging markets, particularly in Asia and Latin America, present substantial opportunities for market players to enhance their customer base and capitalize on the growing demand.

Despite these positive trends, challenges such as a shortage of qualified IT professionals and the high costs associated with LIMS may hinder market growth in the near future. One significant issue is the volume of laboratory data that needs to be managed within a LIMS database, which poses challenges that are not easily resolved. The integration of more data-intensive analyses into LIMS is currently under consideration. In advanced laboratory settings, multiple instruments are often connected to LIMS, leading to large amounts of data that must be stored, archived, and accessed via internet-based memory solutions known as local area networks (LANs). A key challenge with this model is the absence of a universally accepted standard for establishing a LAN. While various computer hardware vendors provide different solutions for LAN construction, no instrument vendor has integrated this capability into the analytical instruments' computerized systems. This situation presents several complex specification decisions regarding LAN solutions. Establishing a standard for laboratory LANs would enable LIMS developers to create effective systems regardless of the instrument vendors chosen by laboratory professionals. Therefore, the development and implementation of a standard for LAN-based laboratory information management systems is anticipated to be a significant trend in the market moving forward.

The global laboratory information management systems market can be categorized based on deployment methods, which include web-based, cloud-based, and on-premise delivery modes. In 2017, the web-based segment dominated the market share by deployment. However, the cloud-based segment is expected to experience the fastest growth in the coming years, driven by the enhanced customization options and reduced risks associated with cloud delivery solutions.

The report on the laboratory information management systems market incorporates insights from various primary and secondary sources, including the American Society for Clinical Pathology, the European Federation of Pharmaceutical Industries and Associations, the Healthcare Information and Management Systems Society, the India Brand Equity Foundation, the Pharmaceutical and Medical Devices Agency, the World Health Organization, the National Center for Biotechnology Information, among others.