Global Laboratory Information Management Systems (LIMS) Market has accounted for USD 1,020.5 million in 2016 and is expected to reach USD 2.2 billion by 2024, growing at a CAGR of 10.2% in the forecasted period 2017 to 2024.
Global Laboratory Information Mana…nt Systems Market, By Product Type (Commercial Off the Shelf LIMS Systems (COTS), Legacy LIMS), By Deployment (On-Premise, Cloud-Based, Remotely Hosted), By Component (Software, Services), By Industry (Life Science (Pharmaceutical, Biotechnology, BioBanking, Contract Service Organizations (CRO), Clinical Research Labs, Academic Research Institutes), Petrochemical, Chemicals, Food & Beverages, Environmental Testing, Forensics, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa, Rest of the World) – Industry Trends and Forecast to 2024
The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The significant growth of the global LIMS market is due to factors such as increasing need of integration and data collection across laboratories and other healthcare infrastructures. the regulatory compliance is growing stringent and research labs are mandated to adhere to these guidelines.
The rising acceptance of stem cell banking in Japan, Europe, U.S., China and some other developed nations is expected to bolster the growth of this market in the forecast period 2017 to 2024.
Global Laboratory Information Management Systems Market: Segmentation
The global laboratory information systems market is segmented based on product type, deployment, component, industry and geography.
On the basis of product type the market is segmented into 2 product types commercial off the shelf LIMS (COTS) and legacy LIMS. COTS are the upcoming trend in the market and helps manufacturers to increase the availability of LIMS products in the market.
In developed nations COTS is rapidly replacing the market for legacy LIMS, however the market for legacy LIMS is expected to have stagnant market in the forecast period.
Based on deployment the global LIMS market is segmented into 3 types such as on-premise, cloud based and web based modules. The deployment segment’s demand is different across geographies owing to availability and market spending varies in different economies.
The web based LIMS will dominate the market and have significant growth in the major economies. However the cloud based LIMS segment is having a rapid growth in the emerging markets of Asia-Pacific and South America.
The market is also segmented on the basis of components into software and services.
The usage of LIMS products and services is spread across multiple industries globally. In the report global LIMS market is segmented on the basis of industries such as life science, petrochemical, chemicals, food and beverages, environmental testing, forensics among others.
The life science industry is further segmented into pharmaceutical, biotechnology, biobanking, contract service organizations (CRO), clinical research laboratories and academic research institutes.
Major Player Of Global Laboratory Information Management Systems Market:
Some of the major players in this market are Ardigen SA, Genologics (A Illumina Company), Thermo Fisher Scientific, Inc., AgileBio LLC, LabWare, Inc., Core Informatics, LLC, CloudLIMS, Abbott Informatics, Agaram Technologies Pvt Ltd, Schimadzu Corporation, LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Khemia Software, Inc., Bargal Analytical Instruments, Waters Corporation, Computing Solutions, Inc., Agilent Technologies, Inc. and Novatek International among others.
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