Laboratory Information Management SyResearch Report, Share, and Forecast to 2025Posted by rekha on November 11th, 2019 “The Global Laboratory Information Management Systems Market was valued around US$ XX Mn 2018 and projecting at significant CAGR over the forecast years 2019-2025 to reach US$ 1,724.8 Mn by 2025 owing to rise in R&D for the development of advanced LIMS technologies” The global laboratory information management systems market expected to reach US$ 1,724.8 Mn by 2025 owing to increase in the adoption of advanced laboratory information management systems to comply with the regulatory framework, increase in number of pharmaceutical and biotechnology companies, surge demand for automation in laboratories, and government initiations to procure the quality laboratory information are anticipated to fuel the global laboratory information systems management market over the forecast years. Moreover, benefits with digitalization in healthcare industry, surge in adoption of cloud-based systems, limited errors with patient data maintenance, and launch of newer software are anticipated to burgeon the global laboratory information management systems market. However, high cost for the maintenance of LIMS, limited integration standards, and lack of skilled professionals in underdeveloped countries are hinder the growth of laboratory information management systems market. Global laboratory information management systems market segmented on the basis of product type, component, deployment mode, end user, and region Request for Sample Report @ https://www.precisionbusinessinsights.com/request-sample?product_id=17057 Cloud-Based Systems Dominate the Global Laboratory Information Management Systems Market Based on the deployment mode, global laboratory information management systems market segmented into cloud-based LIMS, on-premise LIMS, and remotely hosted LIMS. Cloud-based LIMS dominated the global laboratory information management systems market in 2018 and the same trend is expected over the forecast years owing to security breaches over the on-premise and remotely hosted LIMS. Additionally, wide range of advantages with cloud- based setup, such as access from multiple systems, multiple locations, reduced workforce, and cost effective are anticipated to propel the segment revenue over the future years. North America Leads the Global Laboratory Information Management Systems market PBI’s global laboratory information management systems market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among all regions, North America accounted for larger revenue share through 2014-2018 and expected to dominate over 2019-2025 owing to surge in adoption of LIMS in USA and Canada, increase in number of end user industries, sophisticated healthcare infrastructure, increase in demand for genomic studies, and surge in government funding for LIMS. Europe laboratory information management systems market anticipated to grow at prominent CAGR due to adoption of digitalization in healthcare systems, acceptance of advanced technologies, and high R&D expenditure by pharmaceutical and biotechnology companies are expected to bolster the market. Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players Global laboratory information management systems market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance. In July 2019, Abbott Informatics launched STARLIMS Quality Manufacturing Solution QM 12.0 for pharmaceuticals and biotech sectors Key player’s profiles in the report are Abbott Informatics, Thermo Fisher Scientific, LabVantage Solutions, LabLynx, Siemens Group SA, Autoscribe Informatics, Illumina, Inc., Computing Solutions, Inc., and Dassault Systèmes Precision Business Insights (PBI) in its report titled “Global Laboratory Information Management Systems Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Detailed Segmentation By Component Type o Software o Hardware o Services By Product Type o Industry-specific LIMS o Broad-based LIMS By Deployment Mode o Remotely hosted o On-premise o Cloud-based By End User o Pharmaceutical and Biotechnology Companies o Contract services organizations (CRO’S AND CMO’S) o Environmental Testing o Life Sciences Industries o Bio banks/Bio repositories o Academic Research Institutes o Chemical Industry o Clinical research laboratories and molecular diagnostics o Petrochemical and Oil & Gas Refineries o Food & Beverage and Agriculture Industry Geography o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)
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