Laboratory information management system market segmented on basis of product type, deployment model, component, industry, & region. Broad-based LIMS segment expected to grow at highest CAGR, as these systems are user-friendly, reduce total cost of ownership, provide faster return on investment, integrates seamlessly with other laboratory systems, & easily accessible throughout enterprise. Market to Reach 901.6 million by 2021 Driven by (CROs, CMO, Pharma, Biotech, Chemical)
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Global laboratory information management system (LIMS) market is expected to reach USD 901.6 million by 2021 from an estimated value of USD 634.0 million in 2016, at a CAGR of 7.3% during forecast period. This market is segmented on basis of product type, deployment model, component, industry, & region.
Based on product type, market segmented into broad-based LIMS and industry-specific LIMS.
Complete Report on Laboratory Information Management System Market spread across 208 Pages, Profiling 14 Companies and Supported with 130 Tables and 41 Figures is now available at www.rnrmarketresearch.com/laboratory-information-management-systems-lims-market-by-product-cots-legacy-delivery-mode-on-premise-hosted-cloud-component-software-services-end-user-industries-healthcare-cro-pet-market-report.html .
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In Laboratory Information Management System Market North America, U.S. is one of most dominant markets for LIMS due to its well-established economy, easy availability of LIMS, & financial ability to deploy such technologies.
According to Industrial Research Institute, in 2016, total U.S. R&D spending is expected to reach USD 514 million from USD 453 million in 2012.
Moreover, in life sciences industry, improving FDA approval levels & a positive sales outlook are allowing pharmaceutical companies to allocate more capital to R&D spending.
- LIMS Vendors
- Healthcare IT Service Providers
- Research and Consulting Firms
- Pharmaceutical and Biotechnology Companies
- Process Industries
- Venture Capitalists
- Government Agencies
- Academic Research Institutes
The laboratory information management system market in this report is segmented on basis of product type, deployment model, component, industry, & region. Based on product type, market is segmented into broad-based LIMS & industry-specific LIMS.
Broad-based LIMS segment expected to grow at highest CAGR, as these systems are user-friendly, reduce total cost of ownership, provide faster return on investment, integrate seamlessly with other laboratory systems, & easily accessible throughout enterprise.
North America has Laboratory Information Management System Market expected to dominate the global market in 2016, with the U.S. accounting for a major share of this regional market.
However, Asia is expected to grow at the highest CAGR during the forecast period, owing to the increasing R&D activities and the development of supporting infrastructure in research laboratories.
2 Market Share Analysis
3 Competitive Situations and Trends
4 Product Launches and Upgrades
5 Partnerships, Alliances, Agreements, and Collaborations
The prominent players in Laboratory Information Management System market include Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), LabVantage Solutions, Inc.
(U.S.), Abbott Informatics (U.S.), Core Informatics, LLC (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC (U.S.), GenoLogics (Canada), Computing Solutions, Inc.
(U.S.), and Autoscribe Informatics (U.K.).
The Laboratory Information Management System market segmented on basis of product type, deployment model, component, industry, & region. Based on component, LIMS market is segmented into software and services.
Based on deployment model, market is segmented into on-premise LIMS, cloud-based LIMS, and remotely hosted LIMS. Based on industry, LIMS market is broadly segmented into life sciences industry, petrochemical and oil & gas refineries, chemical industry, food & beverage and agriculture industry, environmental testing, & other industries (forensic and metal & mining industries).
Geographically, North America dominate laboratory information management system market for LIMS. It is expected to command largest share in global market during the forecast period.
This dominance can be attributed to growing demand for integration of laboratory systems, rising government funding for research activities, growth in biobanks, need for early drug discovery, easy availability of LIMS products & services, and stringent regulatory requirements across industries.
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