Laboratory Information Management System (LIMS) - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Laboratory Information Management System (LIMS) market is accounted for $0.89 billion in 2019 and is expected to reach $2.56 billion by 2027 growing at a CAGR of 14.1% during the forecast period. The growing research & development expenditure in pharmaceutical and biotechnology companies and rising adoption of cloud based LIMS are the major factors driving the market growth However, the high maintenance and service costs are restraining market growth.
Laboratory information management system (LIMS) is a modern laboratory operation which is a software based laboratory and information management system. It has got a wide range of applications in many fields like petrochemicals and pharmaceuticals. LIMS bestow numerous applications in pharmaceutical industry such as test library included drug release, disintegration, drug release, standard functionality, dissolution, product examine and stability module that ease stability studies.
Based on the deployment model, the cloud-based laboratory information management System (LIMS) segment is anticipated to expand at a rapid pace during the forecast period due to its ease of use, affordability, reliability, adaptability & flexibility, and a pay-as-you-go pricing model. By geography, North America is expected grow at a faster rate during the forecast period as the strong economies of the US and Canada have allowed a significant investment in new technologies which has resulted in the growth in biobanks, and easy availability of LIMS products and services.
Some of the key players profiled in the Laboratory Information Management System Market include Abbott Informatics, Accelerated Technology Laboratories, Agilent Technologies Inc, Apollolims, Autoscribe Informatics, Cloudlims, Computing Solutions Inc, Dassault Systemes, Eusoft S.R.L, Genologics Inc, Horizon Lims, Lablynx Inc, Labvantage, Labware, Labworks Llc, Novatek International, Ovation, Promium, Siemens, Thermo Fisher Scientific.
• Broad-based LIMS
• Industry-specific LIMS
• Web/Remotely Hosted
• Life Sciences
• Petrochemical Refineries and Oil & Gas
• Food & Beverage
• Environmental Testing Laboratories
• Other Industries
End Users Covered:
• Independent Laboratories
• Research centers
• Biological Laboratory
• Food Laboratory
• Medicine Laboratory
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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