Laboratory Management Information System (LIMS) Market Will Reach USD 1,133.5 Million by 2023: Meticulous Research®
Laboratory Information Management System Market By Type (Multipurpose, Purpose Built), Component (Services, Software), Delivery (On Premise, Web, Cloud), End User (Pharma, Biotech, MDx, Biobank, CRO, F&B, Oil, Gas, Petroleum, Chemical, Environment) – Global Forecast to 2023
Pune, India – June 25, 2019 /MarketersMedia/ —
Laboratory management information system market has shown strong growth pattern in recent year’s majorly due to growing automation in laboratories, technological advancements, rising pressure to comply with stringent regulatory guidelines, increasing awareness through conferences, seminars, and workshops, and increasing R&D spending. However, lack of skilled professionals and integration and migration challenges may restrain the growth of LIMS market to some extent.
Meticulous Research® in its latest publication on laboratory management information system market states that the global laboratory management information system market will increase at a CAGR of 7.3% from 2018 to 2023 to reach USD 1,133.5 million by 2023. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to relatively high level of automation in laboratories, strong economies of the U.S. and Canada capable of investing in advanced technologies, increasing investments in research and innovation by the government, strong base of academic research, large presence of pharmaceutical R&D labs in this region and need for early drug discovery, growth in biobanks, stringent regulatory policies across industries, increasing replacement of old legacy systems with COTS LIMS, and growing adoption of cost-effective and flexible cloud-based LIMS especially by the small & medium sized labs.
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The report provides meticulous analysis of global laboratory management information system market by segmenting it on the basis of type (multi-purpose LIMS, and purpose-built LIMS), mode of delivery (on-premise, cloud-based, and web-based models), component (software and services), end-user (life sciences industry, food & beverage, and agriculture industries). Wherein, among component, services segment commanded the largest share majorly due to growing demand for cloud services and increasing lab automation subsequently driving the demand for laboratory information management services such as implementation, validation, integration, maintenance, customization, training and support.
The key players analyzed in the global laboratory management information system market are Abbott Informatics (a subsidiary of Abbott Laboratories), Astrix Technology Group, Autoscribe Informatics, Blaze Systems Corporation, Computing Solutions, Incorporated (CSI) (LabSoft), Csols, Inc., Dassault Systemes SE, EuSoft Srl., Genohm SA (now part of Agilent Technologies), GenoLogics, Inc., (an Illumina Company), Dohmen Company (HORIZON), Infosys Limited, LabLite, LLC, LabLynx, Inc., LabVantage Solutions, Inc., LabWare, Inc., LabWorks LLC, Novatek International, Promium, LLC, Sapio Sciences LLC, Thermo Fisher Scientific Inc., and Waters Corporation.
Browse in-depth Report on: https://www.meticulousresearch.com/product/laboratory-information-management-system-market/
Key Topics Covered in This Report:
1. Introduction
1.1. Market Ecosystem
1.2. Currency and Limitations
1.2.1. Currency
1.2.2. Limitations
1.3. Key Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.2. Primary Research
2.1.3. Market Size Estimation
3. Executive Summary
4. Market Insights
4.1. Introduction
4.2. Drivers
4.2.1. Growing Automation in Laboratories
4.2.2. Technological Advancements
4.2.3. Increasing Awareness Through Conferences, Seminars & Workshops
4.2.4. Stringent Regulatory Requirements
4.2.5. Increasing R&D Spending
4.3. Restraint
4.3.1. Lack of Skilled Professionals
4.4. Opportunities
4.4.1. Significant Growth Potential in Developing Countries
4.4.2. Cloud-Based LIMS Solutions
4.5. Challenges
4.5.1. Interfacing & Integration
4.5.2. Migrating from Legacy LIMS To New Systems
5. Laboratory Information Management System Market, by Type
5.1. Introduction
5.2. Multi-Purpose LIMS
5.3. Purpose-Built LIMS
6. Laboratory Information Management System Market, by Component
6.1. Introduction
6.2. Services
6.3. Software
7. Laboratory Information Management System Market, by Mode of Delivery
7.1. Introduction
7.2. On-Premise Solutions
7.3. Cloud Based Solutions
7.4. Web-Based Solutions
8. Laboratory Information Management System Market, by End User
8.1. Introduction
8.2. Life Sciences Industry
8.2.1. Pharmaceutical and Biotechnology Companies
8.2.2. Biobanks and Biorepositories
8.2.3. Academic Research Institutes and Contract Research Organizations (CROs)
8.2.4. Molecular Diagnostics & Clinical Research Labs
8.3. Food & Beverage and Agriculture Industries
8.4. Petrochemical Refineries and Oil & Gas Industry
8.5. Chemical Testing Laboratories
8.6. Environmental Testing Laboratories
8.7. Others
9. Laboratory Information Management System Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. Germany
9.3.2. U.K.
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe (RoE)
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Rest of Asia-Pacific (RoAPAC)
9.5. Rest of The World (RoW)
9.5.1. Latin America
9.5.2. Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.1.1. New Product & Service Launches, Upgradations & Enhancements
10.1.2. Partnerships, Agreements & Collaborations
10.1.3. Mergers & Acquisitions
10.1.4. Expansion
10.2. Market Share Analysis
11. Company Profiles (Business Overview, Financial Overview, Product & Service Portfolio, Strategic Developments)
11.1. Abbott Laboratories
11.2. Agilent Technologies, Inc.
11.3. Astrix Technology Group
11.4. Autoscribe Informatics
11.5. Blaze Systems Corporation
11.6. Computing Solutions, Inc. (CSI)
11.7. CSOLS, Inc.
11.8. Dassault Systemes SE
11.9. Dohmen Company (Horizon)
11.10. Eusoft Srl.
11.11. Genologics (an Illumina Company)
11.12. Infosys Limited
11.13. LabLite, LLC
11.14. LabLynx, Inc.
11.15. LabVantage Solutions, Inc.
11.16. LabWare, Inc.
11.17. LabWorks LLC
11.18. Novatek International
11.19. Promium, LLC
11.20. Sapio Sciences LLC
11.21. Thermo Fisher Scientific Inc.
11.22. Waters Corporation
12. Appendix
12.1. Questionnaire
12.2. Available Customization
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Website: https://www.meticulousresearch.com/product/laboratory-information-management-system-market/
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