LIMS Market Scope
LIMS is refers to Laboratory Information Management System is a software based solution developed to support laboratory information. LIMS is used to integrate instruments, manage samples and related info. This software system can track specimens and workflows, collect information for research or business intelligence purposes and confirm laboratory operations are obedient with several standards and regulations. Commercial off the shelf LIMS (COTS) and legacy LIMS are two type of LIMS. Increasing attraction towards cloud based LIMS will help to boost global Laboratory Information Management System market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | LabWare (United States), Thermo Fisher Scientific, Abbott Informatics, LabVantage Solutions, LabLynx (United States), LABWORKS (United States), Dassault Systèmes (France), Siemens (Germany), Autoscribe Informatics, Computing Solutions and GenoLogics (Canada) |
CAGR | 10.1% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global LIMS market throughout the predicted period.
LabWare (United States), Thermo Fisher Scientific, Abbott Informatics, LabVantage Solutions, LabLynx (United States), LABWORKS (United States), Dassault Systèmes (France), Siemens (Germany), Autoscribe Informatics, Computing Solutions and GenoLogics (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Accelerated Technology Laboratories, CloudLIMS, RURO and Freezerworks.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global LIMS market by Type , by Application (Hospital, Manufacture, School and Other) and Region with country level break-up.
On the basis of geography, the market of LIMS 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2018, Thermo Fisher Scientific Inc. the world leader in serving science has acquired Advanced Bioprocessing business from BD, a leading global medical technology company. The deal was established for 477 million dollar in cash.
In October 2018 ,Hollywood, FL. Abbott Informatics is pleased to announce the launch of version 11.6 of the world-class STARLIMS Laboratory Information Management System (LIMS). This is mainly designed for fuel growth within establishments and help them improve maximum value from all their laboratory data.
Influencing Trend:
Increasing Attraction towards Cloud Based Laboratory Information Management System and Growing Emphasis on Complying With Stringent Regulations
Market Growth Drivers:
Growing R&D Expenditure in Pharmaceutical as well as Biotechnology Industries and Up Surging Demand in various Industries
Challenges:
Limited Availability of Skilled Professionals
Restraints:
High Maintenance Price
Opportunities:
Adoption of Laboratory Information Management System in Cannabis Industry and Rising Opportunity in Emerging Economics
Key Target Audience
Laboratory Information Management System Manufacturers, Laboratory Information Management System Distributors/Suppliers, Component Manufacturers, Process Industries Such As Oil and Gas, Power, Chemical, And Pharmaceuticals, Software and Service Providers, Technology Solution Providers, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other