Laboratory Information Management System Market Focusing On The Basis of Product, Component, End-Use, Region And Forecasts To 2025


 San Francisco, 30 Oct 2020: The Report Laboratory Information Management System (LIMS) Market Analysis Report By Product (Web hosted, Cloud based, On Premise), By Component, By End Use (Life Sciences, CRO), And Segment Forecasts, 2018 - 2025

The global laboratory information management system (LIMS) market size is likely to reach USD 2.22 billion by 2025, according to a new report by Grand View Research, Inc., rising at a CAGR of 9.1% during the forecast period. Burgeoning trend of laboratory automation is estimated to stoke the growth of the market.

Increasing investments in R&D activities by pharma and biotechnological organizations are providing a significant push to the market. Growing focus on improving efficiency of laboratories is also expected to help the market gain tremendous momentum over the coming years. Rising emphasis on complying with stringent regulations is also encouraging the deployment of laboratory information management systems, as they comply with GDP, GCP, and GMP.

Laboratory information management systems help in ensuring effective management and tracking of data quality, security, end-user billing, patient demographics, and security. being increasingly implemented for bio banking. They also enable improved data sampling and research information integration. As a result, their demand is high in bio-sampling applications. However, limited availability of skilled professional to manage advanced technologies is projected to hamper growth prospects.

Access Research Report of Laboratory Information Management System Market @ https://www.grandviewresearch.com/industry-analysis/laboratory-information-management-system-lims-market

Laboratory Information Management System (LIMS) Market Report Highlights

  • The services component segment accounted for the largest revenue share in 2017, owing to rising lab automation, which requires implementation, maintenance, and support.
  • The CRO segment is poised to experience a lucrative CAGR of 9.8% during the forecast period, due to increasing demand for outsourcing LIMS solutions to curb operating cost.
  • North America was the leading revenue contributor in the market in 2017, due to favorable government initiatives, soaring demand for genomic studies, and growing investments in R&D activities by governments
  • Asia Pacific is anticipated to witness remarkable growth during the forecast period due to rising demand for outsourcing and increasing expenditure in the R&D sector. Japan is projected to be a sight of high growth rate in the region
  • Some of the key companies present in the market are Thermo Fisher Scientific, Inc.; Siemens Group SA; LabWare; Abbott Laboratories; and Autoscribe Informatics.

Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/healthcare-it

Grand View Research has segmented the global laboratory information management system market on the basis of product, component, end-use, and region:

Laboratory Information Management System Product Outlook (Revenue, USD Million, 2014 - 2025)

  • On Premise
  • Web hosted
  • Cloud based

Laboratory Information Management System Component Outlook (Revenue, USD Million, 2014 - 2025)

  • Software
  • Services

Laboratory Information Management System End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Life Sciences
  • CROs
  • Petrochemical Refineries & Oil and Gas Industry
  • Chemical Industry
  • Food and Beverage and Agriculture Industries
  • Environmental Testing Laboratories
  • Other Industries (Forensics and Metal & Mining Laboratories)

Laboratory Information Management System Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America
  • Europe 
  • Asia Pacific 
  • Latin America 
  • Middle East & Africa 

Access Press Release of Laboratory Information Management System Market @ https://www.grandviewresearch.com/press-release/global-laboratory-information-management-system-lims-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information:www.grandviewresearch.com

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