Laboratory Information Management System (LIMS) Market Size, Share, Growth, Drivers, Trends, Opportunities, Challenges And Top Vendors

An all-inclusive Laboratory Information Management System (LIMS) Market report enriches with historic data, present market trends, market environment, technological innovation, upcoming technologies, and the technical progress in the related industry. The forecast, analysis, and estimations that are carried out in this report are all based upon the finest and well-established tools and techniques such as Porter’s Five Forces analysis. The report also measures market drivers, market restraints, challenges, opportunities, and key developments in the market. Competitive intelligence covered in the Laboratory Information Management System (LIMS) Market report is another very important aspect that assists businesses to thrive in the market.

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%.

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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)

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.

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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