About Laboratory Information Management Systems
laboratory information management system (LIMS), is also known as a laboratory information system (LIS) or laboratory management system (LMS). It is a software-based solution with features supporting a modern laboratory's operations. The features include workflow and data tracking support, flexible architecture, and data exchange interfaces, which fully support its use in regulated environments. The features and uses of a laboratory information management system have evolved over the years from sample tracking to an enterprise resource planning tool which manages multiple aspects of laboratory informatics.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Laboratory Information Management Systems market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
LabWare (United States), LabVantage Solutions (United States), Thermo Fisher Scientific (United States), Abbott Informatics (United States), LabLynx (United States), Autoscribe Informatics (United States), Agilent Technologies (United States), Computing Solutions (United States), GenoLogics (Canada) and LABWORKS (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Dassault Systèmes (France), Siemens (Germany), Accelerated Technology Laboratories (United States), ApolloLIMS (United States), Ovation (United States), Novatek International (Canada), CloudLIMS (United States), Eusoft (Italy), Horizon LIMS (United States) and Promium (United States).
Segmentation Overview
AMA Research has segmented the market of Global Laboratory Information Management Systems market by Type (Broad-based LIMS and Industry-specific LIMS) and Region.
On the basis of geography, the market of Laboratory Information Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Services will boost the Laboratory Information Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-premise LIMS will boost the Laboratory Information Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry vertical, the sub-segment i.e. Life sciences will boost the Laboratory Information Management Systems market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Laboratory Information System for Biobanking
Market Growth Drivers:
Rising Demand for Lab Automation is Fuelling the Market and Benefits Such as Easy Deploy Ability and Cost Effectiveness
Challenges:
Lack of Skilled Professionals to Manage Advanced Technologies
Restraints:
Lack of Integration Standard for System
Opportunities:
Increasing Focus on Improving the Efficiency of Laboratories and Usage of Laboratory Information Management System in Cannabis Industry
Market Leaders and their expansionary development strategies
In April 2020, Horizon LIMS has signed a partnership agreement with SampleServer to use and integrate with SampleServe’s field and reporting applications. Also, to allow laboratories to seamlessly harness the power of both technologies allowing for faster and better results to its client base.
In February 2020, LabVantage has announced the addition of a fully integrated scientific data management system to its LIMS Platform. and In March 2020, Cloud LIMS has launched COVID-19 LIMS, which is a free LIMS solution for COVID-19 research and testing laboratories and biobanks.
Key Target Audience
LIMS service providers, Government associations, Research organisations, Software vendors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.