LIMS Market is Booming with Strong Growth Prospects

LIMS Market Latest Edition Published with Forecast to 2027


The article cited AMA's Global LIMS Market Study explored substantial growth with CAGR of 10.1%. According the report, Increasing Attraction towards Cloud Based Laboratory Information Management System is one of the primary growth factors for the market. Growing R&D Expenditure in Pharmaceutical as well as Biotechnology Industries is also expected to contribute significantly to the LIMS market. Overall, Hospital applications of LIMS, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.

AMA’s Analyst on the Global LIMS market identified that the demand is rising in many different parts of the world as "Adoption of Laboratory Information Management System in Cannabis Industry " Furthermore, some recent industry insights like "October 1st, 2018 - Hollywood, FL. Abbott Informatics is pleased to announce the launch of version 11.6 of the world-class STARLIMS Laboratory Information Management System (LIMS). This is mainly designed for fuel growth within establishments and help them improve maximum value from all their laboratory data." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global LIMS market by Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the LIMS market and other related sub-markets covered in the study.

o Key & emerging players in the LIMS market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall LIMS market size is calculated using market estimation process, the LIMS market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global LIMS market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager