Report provides an overview of Laboratory Information Management market. It aims at estimating Laboratory Information Management market size and future growth potential of this market across different segments such as type, component, deployment model, industry, and region. The laboratory information management system market is fragmented, with the presence of several large as well as emerging players.
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Key players are covered in laboratory information management system market are LabWare (US), Thermo Fisher Scientific (US), Abbott Informatics (US), LabVantage Solutions (US), were the leading players in the LIMS market. Other major players include LabLynx (US), Autoscribe Informatics (US), Computing Solutions (US), GenoLogics (Canada), LABWORKS (US), Dassault Systèmes (France), Siemens (Germany), and Accelerated Technology Laboratories (US).
Global laboratory information management system market is expected to reach USD 1,355.0 million by 2023 from USD 747.3 million in 2018, at a CAGR of 12.6%. Growth in market is driven by increasing use of LIMS to comply with stringent regulatory requirements, increasing focus on improving the efficiency of laboratories, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and growing adoption of cloud-based LIMS.
Table of Content
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laboratory Information Management System Market, By Type
7 Laboratory Information Management System Market, By Component
8 Laboratory Information Management System Market, By Deployment Model
9 LIMS Market, By Industry
10 LIMS Market, By Region
11 Competitive Landscape
12 Company Profiles
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Laboratory Information Management System market is segmented into services and software. The services segment is expected to register the highest CAGR during the forecast period. The large share of the services segment can be attributed to the recurring requirement of services such as training, software upgrading, and software maintenance post-installation.
Target Audience for this Report:
- Laboratory information management system (LIMS) vendors
- Healthcare IT service providers
- Research and consulting firms
- Pharmaceutical and biotechnology companies
- Process industries
- Venture capitalists
- Government agencies
- Academic research institutes
LIMS market for the life sciences industry is segmented into pharmaceutical and biotechnology companies, bio banks and bio repositories, CROs & CMOs, molecular diagnostics (MDx) & clinical research laboratories, academic research institutes toxicology laboratories, NGS laboratories, and forensic laboratories. The pharmaceutical and biotechnology companies segment is expected to account for the largest share of the life sciences market by type in 2018.
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North America is expected to account for the largest share of the market followed by Europe. However, Asia is expected to register the highest CAGR during the forecast period. The high growth in the Asian market is attributed to factors such as increasing outsourcing activities in these countries due to the availability of low-cost and skilled labor and the increasing awareness and availability of LIMS.
Life Sciences Industry
1 Pharmaceutical and Biotechnology Companies
2 Contract Service Organizations
3 Biobanks & Biorepositories
4 Molecular Diagnostics & Clinical Research Laboratories
5 Academic Research Institutes
6 Ngs Laboratories
7 Toxicology Laboratories
Study estimates laboratory information management system market size for 2018 & projects its demand till 2023. In primary research process, various sources from both demand side & supply side were interviewed to obtain qualitative and quantitative information for report. Primary sources from demand side include research scientists, specialists in laboratory information management system, laboratory technicians, and R&D professionals of various industries companies and academic research institutes.