San Francisco, 11 February, 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 laboratoryinformation 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.
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Report On Laboratory Information Management System (LIMS) Market Analysis:
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
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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