Laboratory Information Management System Market – Industry Insights By Growth, Emerging Trends And Forecast By 2025

Press Release

Global Laboratory Information Management System Market was valued at USD 670 Million in the year 2017. Global Laboratory Information Management System Market is further estimated to grow at a CAGR of 9.5 from 2019 to reach USD 1360.70 Million by the year 2025.

North America region holds the highest Market share and European region is considered as the fastest growing Market in the forecasted period. Strong economies of the US and Canada that allows a significant investment in new technologies, growth in biobanks, easy availability of LIMS products and services, and stringent regulatory requirements across industries are the key factors driving the growth of the LIMS Market in North America.

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Major market players in Laboratory Information Management System Market are Labware, Thermo Fisher Scientific, Labvantage, Abbott Informatics, Computing Solutions, Lablynx, Labvantage, Labworks LLC, Siemens, Dassault Systèmes, and brief overview of 10 companies is also provided in the report.

SWOT Analysis of Laboratory Information Management System Market:
Strength:
Growing Use of LIMS to Comply With Stringent Regulatory Requirements
Growing Adoption of Cloud-Based LIMS
Weakness:
High Maintenance and Service Costs
Opportunities:
Use of LIMS in the Cannabis Market
Significant Growth Potential in Emerging industries
Threats:
Dearth of Trained Professionals

The global Laboratory Information Management System Market has been segmented into type, component, deployment model, industry, and region. Based on component, the LIMS Market is segmented into software and services. The services segment is expected to register the highest CAGR during the forecast period. Based on industry, the laboratory information management system Market is segmented into life sciences, chemical, food & beverage and agriculture, environmental testing laboratories, petrochemical refineries and oil & gas, and other industries. By delivery model, the Market is segmented into on premise, cloud-based, and remotely hosted. The cloud-based segment is expected to register the highest CAGR during the forecast period.

Laboratory Information Management System Market Segmentation:
By Market
• Life Sciences Market
• Food & Beverage and Agriculture Industries
• Petrochemical Refineries and the Oil & Gas Market
• Environmental Testing
• Other Industries

By Components
• Services
• Software

By Deployment Mode
• On-Premise LIMS
• Cloud-Based LIMS
• Remotely Hosted LIMS

By Type
• Broad-Based LIMS
• Market-Specific LIMS

By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa

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