Market Overview:
LIMS (laboratory information management system) software is designed to manage and track samples and tests and other associated laboratory data. The software can be used in various types of labs, including clinical labs such as immunology, microbiology, and hematology, etc. Production labs for biotech and pharmaceuticals, food, and beverages research labs and even natural science labs also use the LIMS software. This software helps in conducting better researcher tests in laboratories as it automates the workflows and standardizes the operations. It also handles billing and conducts quality assurance or quality control, LIMS software offers built-in lab notebooks and lab inventory management which records everything.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Thermo Fisher (Sample Manager) (United States), LabWare (United States), Benchling (United States), Abbott Informatics (United States), Sunquest Information Systems, Inc. (United States), CloudLIMS (United States), RURO, Inc. (United States), ApolloLIMS (United States) and Genologics (Canada) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region or narrow down segments in the final scope subject to feasibility |
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics of major and emerging geographies across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Key Players of LIMS Software Market Study:
Thermo Fisher (Sample Manager) (United States), LabWare (United States), Benchling (United States), Abbott Informatics (United States), Sunquest Information Systems, Inc. (United States), CloudLIMS (United States), RURO, Inc. (United States), ApolloLIMS (United States) and Genologics (Canada)
LIMS Software Market Segment Analysis
Scope | Sub-Segments |
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Application / End User | Hospital Laboratory, Education Institute and Research Laboratory |
Platform | MAC,Windows,Android,IOS |
Deployment | On Cloud,On-Premise |
Features | Audit Trail,Certificates of Analysis,Electronic Laboratory Notebook,Lab Instrument Interface,Reporting & Statistics,Specification Management,Workflow Management,Others |
Influencing Trend:
The Emergence of Automation in all Kinds of Laboratory Research and Technological Advancements in LIMS Software
Market Growth Drivers:
Increasing Number of Research Laboratory Activities Around the World and Need for Automating the Laboratory Process for Better Management and Accuracy
Challenges:
Technical Issues with LIMS Software and Adherence to Stringent Regulatory Norms
Restraints:
Risk of Important Laboratory Data Theft Due to Cyber Attack
Opportunities:
Growing Pharmaceutical Research and Development in Developing Countries will Boost the LIMS Software Market
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Latest Industry Highlights:
On 15th July 2019, Abbott announced the launch of a laboratory information management system, STARLIMS quality manufacturing solution to support integration with various types of platforms and manage data from product concept to consumer. It is designed for the global manufacturing and R&D sectors including pharmaceuticals/biotech, chemicals and petrochemicals, oil and gas, food and beverage, contract services, consumer products, and general manufacturing. This new offering is built on the latest version of the STARLIMS Technology platform 11.7.
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global LIMS Software market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in LIMS Software market.
Identification of total players or companies operating in the global market which is further concentrated to fewer or most impacting players which are considered under the reports scope. In order to make a priority list sorting is done based on revenue generated based on the latest reporting with the help of paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes LIMS Software Developers, LIMS Software Industry Association, Research and Development Institutes, National Laboratory, Potential Investors, Regulatory Bodies and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.