Laboratory Information Management System (LIMS) Market: 2021 Is Booming Across the Globe by Leading Industry Players –

An influential Laboratory Information Management System (LIMS) Market report comprises of most-detailed market segmentation, systematic analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The top market player analysis covered in this market research report brings into focus various strategies used by these top players of the market which can be listed as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and many others that leads to increase their footprints in the industry. Businesses can rely upon this top-notch Laboratory Information Management System (LIMS) Market report to accomplish utter success.

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Laboratory Information Management System (LIMS) Market by Type (Broad, Industry-specific), Component (Software, Services), Delivery (On premise, Remote, Cloud), End User (CRO, Pharma, Biotech, Chemical, Agriculture, FnB, Oil, Gas) – Global Forecast to 2025 The global LIMS market is estimated to reach USD 1.7 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 12.1%.

A global Laboratory Information Management System (LIMS) Market research report offers an array of insights about the industry and business solutions that will support to stay ahead of the competition. The report helps businesses to define their own strategies for the up-gradation in the existing product, possible modifications required in the future product, sales, marketing promotion and distribution of the product in the existing and the new market. Systematic investment analysis is also underlined in this report which forecasts impending opportunities for the market players. Comprehensive data and brilliant forecasting techniques used in this Laboratory Information Management System (LIMS) Market report coincide with precision and correctness.

List of companies profiled in the report

  • LabWare (US)
  • Thermo Fisher Scientific (US)
  • Abbott Informatics (US)
  • LabVantage Solutions (US)
  • LabLynx (US)
  • Autoscribe Informatics (US)
  • Agilent Technologies (US)
  • Computing Solutions (US)
  • GenoLogics (Canada)
  • LABWORKS (US)
  • Dassault Systèmes (France)
  • Siemens (Germany)
  • Accelerated Technology Laboratories (US)
  • ApolloLIMS (US)
  • Ovation (US)
  • Novatek International (Canada)
  • CloudLIMS (US)
  • Eusoft (Italy)
  • Horizon LIMS (US)
  • Promium (US)

The increasing adoption of LIMS to comply with stringent regulatory requirements, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and the growing adoption of cloud-based LIMS are some of the factors driving the growth of this market. However,the high maintenance and service costs and the lack of integration standards for LIMS are expected to restrain the growth of this market.

“Services segment to grow at the highest CAGR during the forecast period”

Based on component, the LIMS market is segmented into services and software. The services segment is expected to register the highest CAGR during the forecast period. The large share of the services segment can be attributed to the recurring requirement of services, such as training, software upgradation, and software maintenance post-installation.

“Pharmaceutical and biotechnology companies segment to dominate the LIMS market for the life sciences industry”

Based on type, the LIMS market for the life sciences industry is segmented into pharmaceutical and biotechnology companies, biobanks and biorepositories, CROs & CMOs, clinical research laboratories, academic research institutes, toxicology laboratories, NGS laboratories, and forensic laboratories. The pharmaceutical and biotechnology companies segment accounted for the largest share of this market in 2019. The large share of this segment can be attributed to the increasing adoption of LIMS systems in pharmaceutical and biotechnology companies to automate laboratory workflows and improve operational efficiency.

“Market in Asia to witness the highest growth during the forecast period”

In 2019, North America accounted for the largest share of the global LIMS market, followed by Europe. However, the Asian market is estimated to grow at the highest CAGR during the forecast period primarily due to factors such as increasing outsourcing activities in several Asian countries due to the availability of low-cost and skilled labor and the increasing awareness and availability of LIMS.

The primary interviews conducted for this report can be categorized as follows:

  • By Company Type: Tier 1 – 36%; Tier 2 -46%; Tier 3 – 18%
  • By Designation: C-level- 29%; D-level- 43%; Others- 28%
  • By Region: North America-39%; Europe-29%;Asia-20%; Rest of the World- 12%

Research Coverage:

The report provides an over view of the LIMS market.It aims a test imating the market size and future growth potential of this market across different segments, such as type, component, deployment model, industry,and region. Furthermore, the report also includes an in-depth competitive analysis of key market players, along with their company profiles, recent developments, and key market strategies.

Reasons to Buy the Report

The report can help established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share. Firms purchasing the report could use one, or a combination of the below mentioned five strategies.

  • Market Penetration: Comprehensive information on the product portfolios of the top players in the LIMS market. The report analyzes the market based on type, component, deployment model, industry, and region.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and product launches in the LIMS market.
  • Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for LIMS solutions for various industries across regions.
  • Market Diversification: Exhaustive information about products, untapped regions, and recent developments in the LIMS market.
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, distribution networks, and manufacturing capabilities of the leading players in the LIMS market.

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Table of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes Made

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.1.1 Revenue Mapping-Based Estimation
2.2.2 Top-Down Approach: Contribution-Based Market Size Estimation
2.2.3 Growth Forecast
2.3 Market Breakdown And Data Triangulation
2.4 Assumptions For The Study
2.5 Limitations

3 Executive Summary

4 Premium Insights
4.1 Laboratory Information Management Systems Market Overview
4.2 Laboratory Information Management Systems Market, By Type, 2020–2025
4.3 Laboratory Information Management Systems Market Share, By Industry & Region (2019)
4.4 Geographical Snapshot Of The Laboratory Information Management Systems Market

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Use Of Lims To Comply With Stringent Regulatory Requirements
5.2.1.2 Increasing Focus On Improving The Efficiency Of Laboratories
5.2.1.3 Technological Advancements In Lims Offerings
5.2.1.4 Growing Adoption Of Cloud-Based Lims
5.2.1.5 Growing R&D Expenditure In Pharmaceutical And Biotechnology Companies
5.2.2 Restraints
5.2.2.1 High Maintenance And Service Costs
5.2.2.2 Lack Of Integration Standards For Lims
5.2.3 Opportunities
5.2.3.1 Use Of Lims In The Cannabis Industry
5.2.4 Challenges
5.2.4.1 Dearth Of Trained Professionals
5.3 Impact Of Covid-19 On Lims Market

6 Laboratory Information Management Systems Market, By Type
6.1 Introduction
6.2 Broad-Based Lims
6.2.1 Faster Roi, Reduced Total Cost Of Ownership, & Flexibility To Integrate Seamlessly With Other Lab Systems Are The Key Factors Supporting The Growth Of The Broad-Based Lims Market
6.3 Industry-Specific Lims
6.3.1 Need For Laboratories To Implement In-House Customized Lims Solutions To Cater To Specific Industry Requirements To Support Market Growth

7 Laboratory Information Management Systems Market, By Component
7.1 Introduction
7.2 Lims Services
7.2.1 Increasing Adoption Of Cloud-Based Lims And Need Of Software Upgradation And Maintenance Post-Installation To Drive Market Growth
7.3 Lims Software
7.3.1 Rising Need To Integrate Existing Analytical Instruments & Shifting Trend Towards Laboratory Automation Are Key Factors Supporting Market Growth

8 Laboratory Information Management Systems Market, By Deployment Model
8.1 Introduction
8.2 On-Premise Lims
8.2.1 On-Premise Lims Accounted For The Largest Market Share
8.3 Cloud-Based Lims
8.3.1 Cloud-Based Lims To Witness Wide Adoption In The Coming Years
8.4 Remotely Hosted Lims
8.4.1 Low Total Cost Of Ownership And Good Return On Investment To Drive Market Growth

9 Laboratory Information Management Systems Market, By Industry
9.1 Introduction
9.2 Life Sciences Industry
9.2.1 Pharmaceutical And Biotechnology Companies
9.2.1.1 Pharma And Biotech Companies Are Adopting Lims To Automate Laboratory Workflow And Improve Efficiency
9.2.2 Contract Service Organizations
9.2.2.1 Increasing Outsourcing Of Research Activities To Drive Market Growth
9.2.3 Biobanks & Biorepositories
9.2.3.1 Demand For High-Quality Specimens Has Boosted The Adoption Of Lims In Biobanks & Biorepositories
9.2.4 Clinical Research Laboratories
9.2.4.1 Use Of Lims In Clinical Research Helps Accelerate Processes, Improve Quality, And Enhance Productivity
9.2.5 Academic Research Institutes
9.2.5.1 Advances In Cancer, Genomics, And Proteomics Research To Support Market Growth
9.2.6 Next-Generation Sequencing Laboratories
9.2.6.1 Lims Helps In Overcoming Challenges Faced By Ngs Labs
9.2.7 Toxicology Laboratories
9.2.7.1 Toxicology Laboratories Are Widely Adopting Cloud-Based Lims
9.3 Food & Beverage And Agriculture Industries
9.3.1 Lims Plays A Major Role In Production Processes To Avoid Food Contamination
9.4 Petrochemical Refineries And The Oil & Gas Industry
9.4.1 Integration Of Operations Is A Key Function Of Lims In This Industry
9.5 Chemical Industry
9.5.1 Role Of Lims In Supporting The Dynamic Production Processes In Chemical Industry To Support Market Growth
9.6 Environmental Testing
9.6.1 Increasing Stringency Of Environmental Regulations To Support Market Growth
9.7 Other Industries

10 Laboratory Information Management Systems Market, By Region
10.1 Introduction
10.2 North America
10.2.1 Us
10.2.1.1 Strong Economy And Increased R&D Expenditure To Drive The Demand For Lims In The Us
10.2.2 Canada
10.2.2.1 Rising Awareness Of Lab Automation To Drive Market Growth
In Canada 103
10.3 Europe
10.3.1 Germany
10.3.1.1 Germany To Dominate The Market In Europe
10.3.2 Uk
10.3.2.1 Increased Focus On Life Sciences Research And Rise In Oil Production To Drive The Adoption Of Lims In The Uk
10.3.3 France
10.3.3.1 Strong Focus On The Adoption Of Advanced Technologies To Support Market Growth In France
10.3.4 Italy
10.3.4.1 High Pressure On Research Labs Due To The Covid-19 Outbreak Has Necessitated The Adoption Of
Lims In Italy
10.3.5 Spain
10.3.5.1 Increase In Food & Beverage Production Has Driven The Adoption Of Lims In Spain
10.3.6 Rest Of Europe
10.4 Asia
10.4.1 Japan
10.4.1.1 Government Support For The Adoption Of Advanced Technologies To Drive Market Growth In Japan
10.4.2 China
10.4.2.1 Growth Of Life Sciences Industry In China Has Driven The Adoption Of Lims
10.4.3 India
10.4.3.1 Growth Of The Indian Pharmaceutical Industry To Drive The Demand For Lims
10.4.4 Rest Of Asia
10.5 Rest Of The World

11 Competitive Landscape

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