NEW YORK – Nova one advisor recently added a research report, Laboratory Information Management System (LIMS) market – global industry size, share analysis, market dynamics, market risk factors, market opportunities and challenges. segment forecast and the geographical distribution of the global market, profitability graph and the regional outlook of this business vertical.
Market Size; The global Laboratory Information Management System (LIMS) market size was valued at US$ 1.0 billion in 2020 and is projected to reach US$ 1.7 billion by 2027, rising at a market growth (CAGR) of 12.1% during the forecast period.
Factors responsible for the growth of this market are technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and the growing adoption of cloud-based LIMS.
“Broad-based LIMS segment to account for the largest share of the LIMS market”
Based on type, the market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based LIMS segment accounted for the largest market share in 2019. These solutions provide users with significant room for customization and interpretation that can support multiple businesses across different geographic locations; these factors are driving the adoption of broad-based LIMS. Furthermore, broad-based solutions also help streamline laboratory workflow processes and improve decision-making and reporting.
“Cloud-based LIMS segment to grow at the highest CAGR during the forecast period”
Based on the deployment model, the market is segmented into on-premise, cloud-based, and remotely hosted LIMS. The cloud-based LIMS segment is expected to register the highest CAGR during the forecast period. Factors such as on-demand self-serving analytics, ease of use, affordability, reliability, no upfront capital investment for hardware, adaptability & flexibility, and a pay-as-you-go pricing model have ensured the high growth of the cloud-based LIMS segment.
NOTE: Our report highlights the major issues and hazards that companies might come across due to the unprecedented outbreak of COVID-19.
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A recent report provides crucial insights along with application based and forecast information in the Global Laboratory Information Management System (LIMS) Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Laboratory Information Management System (LIMS) market.
With increasing cases of obesity all over the globe, a need for conducting an in-depth study about this healthcare issue led to the development of this report. Increasing binge eating and consumption of junk foods, neglect towards regular exercise, rising levels of stress, are key market drivers. The report discusses more information about these subjects, with a focus on the rising need for Laboratory Information Management System (LIMS).
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period. With healthcare being a sensitive topic, a separate analysis is included that discusses the widespread continuing obesity all over the globe consequently increasing demand for surgical devices.
Highlights of the Report:
In-depth analysis of various insights, namely, Laboratory Information Management System (LIMS) Market trends, growth drivers, opportunities, and other related challenges.
Comprehensive details of key market players, their core competencies, and Laboratory Information Management System (LIMS) Market share.
The potency of suppliers and buyers to make better business decisions.
Lists out the market size in terms of volume.
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Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analyzed and prime business strategies and products that offer high revenue generation capacities were indentified. Key players of the global Laboratory Information Management System (LIMS) market are included as given below:
List of KEY PLAYERS in Laboratory Information Management System (LIMS) Market Report are:
The laboratory information management system market is highly competitive, with the presence of several small and big players. In 2019, LabWare (US), LabVantage Solutions (US), and Thermo Fisher Scientific (US) were the leading players in the global LIMS market. Other major players include Abbott Informatics (US), LabLynx (US), Autoscribe Informatics (US), Agilent Technologies (US), Computing Solutions (US), GenoLogics (Canada), LABWORKS (US), Dassault Systèmes (France), Siemens (Germany), Accelerated Technology Laboratories (US), ApolloLIMS (US), Ovation (US), Novatek International (Canada), CloudLIMS (US), Eusoft (Italy), Horizon LIMS (US), and Promium (US).
Scope Of The Report
This report categorizes the laboratory information management systems market into the following segments and subsegments:
Laboratory Information Management Systems Market, By Type
- Broad-based LIMS
- Industry-specific LIMS
Laboratory Information Management Systems Market, By Component
- Services
- Software
Laboratory Information Management Systems Market, By Deployment Model
- On-premise LIMS
- Cloud-based LIMS
- Remotely Hosted LIMS
Laboratory Information Management Systems Market, By Industry
- Life Sciences
- Pharmaceutical and Biotechnology Companies
- Biobanks and Biorepositories
- Contract Services Organizations (CROs & CMOs)
- Academic Research Institutes
- Clinical Research Laboratories
- Toxicology Laboratories
- Next-generation Sequencing Laboratories
- Petrochemical Refineries and Oil & Gas
- Chemical
- Food & Beverage and Agriculture
- Environmental Testing Laboratories
- Other Industries
Regional Analysis and Forecast
Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- Italy
- France
- Rest of EU
- Asia Pacific
- China
- India
- Japan
- Southeast Asia
- Rest of APAC
- Central & South America
- Brazil
- Argentina
- Rest of Central & South America
- Middle East and Africa
- UAE
- Saudi Arabia
- Rest of MEA
Important years considered for this report:
Historical Years: 2017-2021
Base Year: 2021
Forecast Period: 2021-2027
Impact of COVID-19 on the Healthcare Industry
The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
Nova one advisor adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the Laboratory Information Management System (LIMS) Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.
The team of analysts at Nova one advisor are focussing on research and market study to produce different Laboratory Information Management System (LIMS) Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Laboratory Information Management System (LIMS) Market.
Key Questions Covered in the Report
- What is the impact of Covid-19 on the Laboratory Information Management System (LIMS) Market?
- What is the CAGR of this market during the forecast period 2021 to 2027?
- How will the market expand through 2027?
- Which top manufacturing companies are leading this market?
- What are the key drivers and trends that will stimulate Laboratory Information Management System (LIMS) sales?
- What are the challenges that will affect the sales of this market?
- Which region will remain the most lucrative during the forecast period?
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
Table of Contents
Global Laboratory Information Management System (LIMS) Market Research Report 2021 – 2027
Chapter 1 Laboratory Information Management System (LIMS) Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Laboratory Information Management System (LIMS) Market Forecast
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