What is LIMS?
LIMS is refers to Laboratory Information Management System is a software based solution developed to support laboratory information. LIMS is used to integrate instruments, manage samples and related info. This software system can track specimens and workflows, collect information for research or business intelligence purposes and confirm laboratory operations are obedient with several standards and regulations. Commercial off the shelf LIMS (COTS) and legacy LIMS are two type of LIMS. Increasing attraction towards cloud based LIMS will help to boost global Laboratory Information Management System market.
|Unit||Value (USD Million)|
|Key Companies Profiled||LabWare (United States), Thermo Fisher Scientific, Abbott Informatics, LabVantage Solutions, LabLynx (United States), LABWORKS (United States), Dassault Systèmes (France), Siemens (Germany), Autoscribe Informatics, Computing Solutions and GenoLogics (Canada)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Commercial off the shelf Laboratory Information Management System (COTS) and Legacy Laboratory Information Management System) , by application (Hospital, Manufacture, School and Other) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global LIMS market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this LIMS market analysis report suggests strategies Players can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are LabWare (United States), Thermo Fisher Scientific, Abbott Informatics, LabVantage Solutions, LabLynx (United States), LABWORKS (United States), Dassault Systèmes (France), Siemens (Germany), Autoscribe Informatics, Computing Solutions and GenoLogics (Canada).
On 25th October 2018, Thermo Fisher Scientific Inc. the world leader in serving science has acquired Advanced Bioprocessing business from BD, a leading global medical technology company. The deal was established for 477 million dollar in cash.
Increasing Attraction towards Cloud Based Laboratory Information Management System and Growing Emphasis on Complying With Stringent Regulations
Adoption of Laboratory Information Management System in Cannabis Industry and Rising Opportunity in Emerging Economics
Key highlights of the Global LIMS market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the LIMS market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global LIMS market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of LIMS Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global LIMS market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in LIMS market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Laboratory Information Management System Manufacturers, Laboratory Information Management System Distributors/Suppliers, Component Manufacturers, Process Industries Such As Oil and Gas, Power, Chemical, And Pharmaceuticals, Software and Service Providers, Technology Solution Providers, Government Regulatory Bodies, Government Research Agencies, Private Research Agencies and Other.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.