San Francisco, 15 February 2019: The Report Laboratory Information Management System (LIMS) Market Analysis Report By Product (Web
hosted, Cloud based, On Premise), By Component, By End Use (Life Sciences,
CRO), And Segment Forecasts, 2018 - 2025
The global laboratory information management system (LIMS) market size is likely to reach USD 2.22 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 9.1% during the forecast period. Burgeoning trend of laboratory automation is estimated to stoke the growth of the market.
Increasing investments in R&D
activities by pharma and biotechnological organizations are providing a
significant push to the market. Growing focus on improving efficiency of
laboratories is also expected to help the market gain tremendous momentum over
the coming years. Rising emphasis on complying with stringent regulations is
also encouraging the deployment of laboratory information management systems,
as they comply with GDP, GCP, and GMP.
Laboratory information management systems
help in ensuring effective management and tracking of data quality, security,
end-user billing, patient demographics, and security. being increasingly
implemented for bio banking. They also enable improved data sampling and
research information integration. As a result, their demand is high in
bio-sampling applications. However, limited availability of skilled
professional to manage advanced technologies is projected to hamper growth
prospects.
Access Research Report of Laboratory Information Management
System Market @ www.grandviewresearch.com/industry-analysis/laboratory-information-management-system-lims-market
Further key findings from the report suggest:
· The services component segment accounted
for the largest revenue share in 2017, owing to rising lab automation, which
requires implementation, maintenance, and support.
· The CRO segment is poised to experience a
lucrative CAGR of 9.8% during the forecast period, due to increasing demand for
outsourcing LIMS solutions to curb operating cost.
· North America was the leading revenue
contributor in the market in 2017, due to favorable government initiatives,
soaring demand for genomic studies, and growing investments in R&D
activities by governments
· Asia Pacific is anticipated to witness
remarkable growth during the forecast period due to rising demand for
outsourcing and increasing expenditure in the R&D sector. Japan is
projected to be a sight of high growth rate in the region
· Some of the key companies present in the
market are Thermo Fisher Scientific, Inc.; Siemens Group SA; LabWare;
PerkinElmer Inc.; Abbott Laboratories; and Autoscribe Informatics.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/healthcare-it
Grand View Research has segmented the
global laboratory information management system market on the basis of product,
component, end-use, and region:
Laboratory Information Management System
Product Outlook (Revenue, USD Million, 2014 - 2025)
·
On Premise
·
Web hosted
·
Cloud based
Laboratory Information Management System
Component Outlook (Revenue, USD Million, 2014 - 2025)
·
Software
·
Services
Laboratory Information Management System
End-use Outlook (Revenue, USD Million, 2014 - 2025)
·
Life Sciences
·
CROs
·
Petrochemical Refineries & Oil and Gas
Industry
·
Chemical Industry
·
Food and Beverage and Agriculture
Industries
·
Environmental Testing Laboratories
·
Other Industries (Forensics and Metal &
Mining Laboratories)
Laboratory Information Management System
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Access Press Release of
Laboratory Information Management System Market@ www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
