Laboratory Information Management System Market- Current Outlook and Industry Forecast to 2023
Meticulous Research®, leading global market research company
published a research report titled “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”.
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| laboratory information management system market |
According to this latest publication from Meticulous Research®,
the global laboratory information management system market will grow at a CAGR
of 7.3% from 2018 to 2023 to reach USD 1,133.5 million by 2023, driven by
various factors such as growing automation in laboratories, technological
advancements in LIMS systems, growing need for regulatory compliance, and
increasing R&D spending, and increasing awareness through conferences, seminars
& workshops. Emerging economies such as Latin America, Asia-Pacific, and
Middle East & Africa further provides significant potential for growth.
Moreover, the rapid adoption of cloud-based LIMS solutions provides immense growth
opportunities for various stakeholders in the laboratory information management
system market.
The laboratory information management system market is mainly
categorized by type (multi-purpose LIMS, and purpose-built LIMS), mode of
delivery (on-premise solutions, cloud-based solutions, and web-based
solutions), component (services and software), end-user (life sciences
industry, food & beverage and agriculture industries, petrochemical and oil
& gas industries, chemical testing laboratories, environmental testing
laboratories and others), and by geography.
On the basis of type, multi-purpose LIMS segment is expected to
continue to dominate the market during the forecast period, mainly due to
various technological advancements in LIMS, growing replacement of old legacy
LIMS with COTS LIMS, and growing application of LIMS in biobanking, academic
research institutes, and CROs.
On the basis of mode of delivery, on-premise solutions held the the largest share in the laboratory information management system market in 2017.
This is mainly because these solutions are more customizable than other
deployment models; laboratories have total ownership and authority; and this
model is perceived to be more secure.
On the basis of component, services are the largest component of
laboratory information management system market in terms of value, mainly due
to the huge demand for cloud services and increasing lab automation which
subsequently propels the demand for LIMS services such as implementation,
validation, integration, maintenance, and training and support.
Based on end-user, life sciences industry commanded the largest
share in the laboratory information management system market in 2017, mainly
due to growing regulatory pressure to maintain data integrity, validity, and
security. Moreover, increasing need to improve lab productivity and cost
efficiency and trend towards automation is driving life sciences industries to
invest in lab informatics.
The major players in the global laboratory information
management 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, Genologics, Inc., (Illumina
Company), Dohmen Company (HORIZON), Infosys Limited, LabLynx, Inc., LabVantage
Solutions, Inc., LabWare, Inc., LabWorks LLC, Novatek International, Promium,
LLC, Thermo Fisher Scientific Inc., and Waters Corporation, among others.
Key questions answered in the report-
- Which are the high growth market segments in
terms of product, mode of delivery, component, end-user, and
regions/countries?
- What is the historical market for laboratory
information management system market across the globe?
- What are the market forecasts and estimates
from the period 2018-2023?
- What are the major drivers, restraints,
opportunities, and challenges in the laboratory information management
system market?
- Who are the major players in the laboratory
information management system market and what share of the market do they
hold?
- How is the competitive landscape?
- What are the recent developments in the
laboratory information management system market?
- What are the different strategies adopted by the
major players in the laboratory information management system market?
- What are the geographical trends and high
growth regions/countries?
- Who are the local emerging players in the laboratory information management system market and how do they compete with the global players?
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Email- sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Website: https://www.meticulousresearch.com/
Connect with us | LinkedIn | Twitter |
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