Global Laboratory Information Management Systems Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Laboratory Information Management Systems Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global laboratory information management systems market report has been segmented on the basis of product type, component, delivery mode, end user, and region.
Global Laboratory Information Management Systems Market: Overview
Laboratory information management system (LIMS) is also known as Laboratory information systems (LIS) or laboratory management system (LMS). LIMS is a computerized system for inventory management, laboratory data, clinical research, patient data management, and project management. LIMS helps to reduce overall operational costs and manage database efficiently.
Global Laboratory Information Management Systems Market: Dynamics
Increasing demand for laboratory information management systems, owing to some factors such as rising investment in healthcare IT infrastructure and structured regulatory framework across various countries in developed nation and rising preference towards providing quality care by end users such as hospitals and clinical laboratories. These are major factors expected to drive growth of the global market over the forecast period.
In addition, rising demand for technologically advanced healthcare solutions for health testing, monitoring, and recording and increasing demand for lab automation processes are some other factors expected to further fuel growth of the target market over the forecast period.
However, high system cost and lack of skilled professionals are major factors expected to restrain growth of the global market over the forecast period.
Ongoing trend observed in the market is rising adoption of smartphones, point-of-care devices, mobile solutions, wearable devices, and e-services is expected to support growth of the target market over the forecast period.
Increasing manufacturers focus towards innovative product launches, regional expansion, merger, collaboration, partnership, and acquisition activities in order to increase their revenue share are expected to create potential revenue opportunities for players operating in the target market over the forecast period. For instance, in October 2017, LabVantage Solutions, Inc. introduced its latest version of LIMS – LabVantage 8.3. Moreover, in February 2018, Accelerated Technology Laboratories entered in a collaboration with SciCord Electronic Laboratory Notebook (ELN) to improve company’s LIMS portfolio.
Global Laboratory Information Management Systems Market: Segment Analysis
Among the delivery mode, the cloud-based product segment is expected to register highest share in terms of revenue over the forecast period, owing to its feature such as access data from multiple locations, many systems, and many branches.
Among end user, the CRO segment is expected to dominate in the target market and is expected to continue its dominance over the forecast period owing to increasing demand for outsourcing LIMS solutions in order to reduce operating cost. Among component, the services component segment is expected to account for highest share in terms of revenue and is expected to continue its dominance over the forecast period.
Global Laboratory Information Management Systems Market: Regional Analysis
The market in North America is expected to register highest share in the global market in terms of revenue over the forecast period, owing to favorable government initiatives, increasing investment in research and development activities by various government organization, and rising demand for genomic studies across various countries in this region. In addition, well developed infrastructure in various countries in this region is another factor expected to support growth of target market in North America. The market in Asia Pacific is expected to account for highest CAGR over the forecast period, owing to increasing number of LIMS providing CROs in various countries in this region.
Global Laboratory Information Management Systems Market Segmentation:
Segmentation by product type:
Segmentation by component:
Segmentation by delivery mode:
- On Premise
- Cloud Based
Segmentation by end user:
- Life Sciences
- Petrochemical Refineries & Oil and Gas Industry
- Chemical Industry
- Food and Beverage and Agriculture Industries
- Environmental Testing Laboratories
- Others (Forensics and Metal & Mining Laboratories)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Cerner Corporation
- Thermo Fisher Scientific Inc.
- Abbott Informatics Corporation
- Merge Healthcare Incorporated
- McKesson Corporation
- LabWare, Inc.
- Siemens AG
- SCC Soft Computer
- CompuGroup Medical AG
- Roper Technologies, Inc.
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