Summary
The global Laboratory Information Management System (LIMS) Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
A Laboratory Information Management System (LIMS) helps to keep track of lab’s processes and improves internal operations. It helps standardize lab workflows, allowing technicians to adhere to published SOPs when running tests and processing samples. It also helps to standardize processes across the entire team, digitizing steps in procedures so that everyone knows what to do and when. LIMS software comes with robust reporting and analytics features. A LIMS is a great solution for improving operational efficiency by eliminating the need for manual record-keeping. It also helps to meet regulatory standards. Moreover, it also makes reporting and record-keeping easier and faster, and eliminates the possibility of human error. A LIMS will make it easy to track and share information among team.
LIMS software comes with robust reporting and analytics features. User can easily get information on any aspect of a laboratory workflow. Some examples of reports include sample throughput, reagent expiration, instrument uptime, and protocol duration.
The market of laboratory information management system software is predominantly growing on the account of growing adoption of lab automation. Increasing advancement in R &D labs especially for medical sector is another key factor expected to shape the market growth positively. Moreover, factors such as low cost of deployment and compliance with GDP, GCP& GMP are also projected to spur the market growth. Furthermore, growing demand for outsourcing by pharmaceutical and biotechnological companies is further expected to propel market growth.
North America is expected to witness significant growth over the forecast period owing to the continuous launch of advanced laboratory information management system by key players. For instance, in July 2019, Abbott announced the launch of a laboratory information management system (LIMS) designed for the global manufacturing and R&D sectors including pharmaceuticals/biotech, chemicals and petrochemicals.
Key Developments:
- In April 2022, JusticeTrax, Inc., the developer of forensic laboratory information management systems (LIMS), announced the launch of the JusticeTrax Cloud initiative, a new cloud-based solution providing an enhanced customer experience, security and faster deployment of product updates and new releases
- In August 2021, CTI Clinical Trial and Consulting Services (CTI), a global, full-service contract research organization (CRO) announces their partnership with LabWare, Inc., the global marketer of Laboratory Information Management Systems (LIMS), Electronic Laboratory Notebook (ELN), and instrument integration solutions
The Laboratory Information Management System Lims Software Market report highlights product development and growth strategies such as mergers and acquisitions adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Laboratory Information Management System Lims Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- AgileBio
- FindMolecule
- Next-Step
- Abbott Informatics
- CloudLIMS
- Sunquest Information Systems
- Bio-ITech
- Novatek International
- NetLims
- Pillar Science
- Cleriant Labs
- Fink & Partner
- Agilent Technologies
- Illumina
- Broughton Software
- RURO
- BITLogix
- Quartzy
- LabWare
- SLCLAB
- Autoscribe LIMS
- Benchling
- MilliporeSigma
- Core Informatics
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Laboratory Information Management System Lims Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Laboratory Information Management System Lims Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Laboratory Information Management System Lims Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Laboratory Information Management System Lims Software Market
The Laboratory Information Management System Lims Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Laboratory Information Management System Lims Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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