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Global Laboratory Information Management System (LIMS) Market Opportunities and Forecast 2020-2027

  • DLR2806
  • 08 September, 2021
  • Pharma & Healthcare
  • Pages: 120
  • Global
Global Laboratory Information Management System (LIMS) Market, By Product (On-premise ,Web-hosted ,Cloud-based), By End Use (Life Sciences ,CROs,Petrochemical Refineries & Oil and Gas Industry ,Chemical Industry ,Food and Beverage and Agriculture Industries ,Environmental Testing Laboratories ,Other Industries ),By Component(Software ,Services) and opportunities and forecast 2020-2027

Laboratory Information Management System (LIMS) Market Overview

All-time high surge capacity in clinical laboratories, hence leading to significant stress on the laboratory personnel also as its infrastructure. Such stressful environments are very undesirable when the laboratories have an outsized number of potential biohazardous samples a day . Furthermore, delays in testing these samples directly end in delayed clinical deciding and hence consequently congest the emergency departments and isolation units. Leveraging the capabilities of LIMS’ for streamlining all the phases, i.e. pre-analytical, analytical, and post-analytical, has proven beneficial during the COVID-19 pandemic.

Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, is predicted to enable positive industry growth for laboratory information management system. Additionally, low implementation cost, efficient time management, compliance with GDP, GCP, and GMP are the main factors driving the marketplace for laboratory information management system.
 
Covid-19 Impact on Laboratory Information Management System (LIMS) Market:

In addition, the current Global Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Global Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.

The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
 
Laboratory Information Management System (LIMS) Market Segment Overview

By product, the cloud-based LIMS segment is predicted to register the best CAGR during the forecast period. Factors like on-demand self-serving analytics, easy 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.

Based on component, the services segment is predicted to register the best CAGR during the forecast period. This will be attributed to the recurring requirement of services, like training, software upgradation, and software maintenance post-installation.

By End Use, the market for laboratory information management system and accounted for the largest revenue share. This can be attributable to the rising adoption of LIMS in pharmaceutical laboratories. Lack of in-house qualified resources, higher productivity, cost efficiency, increasing demand for biobanks and biorepositories also are expected to bolster the expansion of this segment.

Market Analysis, Insights and Forecast – By Product
·       On-premise
·       Web-hosted
·       Cloud-based

Market Analysis, Insights and Forecast – By End Use
·       Life Sciences
·       CROs
·       Petrochemical Refineries & Oil and Gas Industry
·       Chemical Industry
·       Food and Beverage and Agriculture Industries
·       Environmental Testing Laboratories
·       Other Industries
 
Market Analysis, Insights and Forecast – By Component
·       Software
·       Services

Laboratory Information Management System (LIMS) Market Regional Overview

Region-wise, in terms of regions, North America accounted for the largest share of this market. The strong economies of the US and Canada have allowed a major investment in new technologies, growth in biobanks, easy availability of LIMS products and services, and stringent regulatory requirements across various industries. This can be a significant factor accountable for the big share of North America during this market.

Laboratory Information Management System (LIMS) Market, By Geography

·       North America (US & Canada)
·       Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
·       Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
·       LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
 
Laboratory Information Management System (LIMS) Market Competitor overview

Some key developments and strategies adopted by manufacturers in the Laboratory Information Management System (LIMS) are highlighted below.
 
·       In February 2020, LabVantage announced the addition of a fully integrated scientific data management system to its LIMS Platform.
 
Laboratory Information Management System (LIMS) Market, Key Players

·       Thermo Fisher Scientific
·       Siemens
·       LabVantage Solutions Inc.
·       LabWare
·       PerkinElmer Inc.
·       Abbott Laboratories
·       Autoscribe Informatics
·       Illumina, Inc.
·       Labworks
·       LabLynx, Inc.
 
 

Laboratory Information Management System (LIMS) Market Study Global Market Analysis, Insights and Forecast, 2020-2027

    1. Introduction

    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions

    2. Executive Summary

      3. Market Dynamics

      • 3.1. Market Drivers
      • 3.2. Market Restraints
      • 3.3. Market Opportunities

      4. Key Insights

      • 4.1. Key Emerging Trends – For Major Countries
      • 4.2. Latest Technological Advancement
      • 4.3. Regulatory Landscape
      • 4.4. Industry SWOT Analysis
      • 4.5. Porters Five Forces Analysis

      5. Global Laboratory Information Management System (LIMS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 5.1. Key Findings / Summary
      • 5.2. Market Analysis, Insights and Forecast – By Product
        • 5.2.1. On-premise
        • 5.2.2. Web-hosted
        • 5.2.3. Cloud-based
      • 5.3. Market Analysis, Insights and Forecast – By End Use
        • 5.3.1. Life Sciences
        • 5.3.2. CROs
        • 5.3.3. Petrochemical Refineries & Oil and Gas Industry
        • 5.3.4. Chemical Industry
        • 5.3.5. Food and Beverage and Agriculture Industries
        • 5.3.6. Environmental Testing Laboratories
        • 5.3.7. Other Industries
      • 5.4. Market Analysis, Insights and Forecast – By Component
        • 5.4.1. Software
        • 5.4.2. Services
      • 5.5. Market Analysis, Insights and Forecast – By Region
        • 5.5.1. North America
        • 5.5.2. Europe
        • 5.5.3. Asia Pacific
        • 5.5.4. Latin America, Middle East, and Africa

      6. North America Laboratory Information Management System (LIMS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 6.1. Key Findings / Summary
      • 6.2. Market Analysis, Insights and Forecast – By Product
        • 6.2.1. On-premise
        • 6.2.2. Web-hosted
        • 6.2.3. Cloud-based
      • 6.3. Market Analysis, Insights and Forecast – By End Use
        • 6.3.1. Life Sciences
        • 6.3.2. CROs
        • 6.3.3. Petrochemical Refineries & Oil and Gas Industry
        • 6.3.4. Chemical Industry
        • 6.3.5. Food and Beverage and Agriculture Industries
        • 6.3.6. Environmental Testing Laboratories
        • 6.3.7. Other Industries
      • 6.4. Market Analysis, Insights and Forecast – By Component
        • 6.4.1. Software
        • 6.4.2. Services
      • 6.5. Market Analysis, Insights and Forecast – By Country
        • 6.5.1. U.S.
        • 6.5.2. Canada

      7. Europe Laboratory Information Management System (LIMS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 7.1. Key Findings / Summary
      • 7.2. Market Analysis, Insights and Forecast – By Product
        • 7.2.1. On-premise
        • 7.2.2. Web-hosted
        • 7.2.3. Cloud-based
      • 7.3. Market Analysis, Insights and Forecast – By End Use
        • 7.3.1. Life Sciences
        • 7.3.2. CROs
        • 7.3.3. Petrochemical Refineries & Oil and Gas Industry
        • 7.3.4. Chemical Industry
        • 7.3.5. Food and Beverage and Agriculture Industries
        • 7.3.6. Environmental Testing Laboratories
        • 7.3.7. Other Industries
      • 7.4. Market Analysis, Insights and Forecast – By Component
        • 7.4.1. Software
        • 7.4.2. Services
      • 7.5. Market Analysis, Insights and Forecast – By Country
        • 7.5.1. UK
        • 7.5.2. Germany
        • 7.5.3. France
        • 7.5.4. Italy
        • 7.5.5. Spain
        • 7.5.6. Russia
        • 7.5.7. Rest of Europe

      8. Asia Pacific Laboratory Information Management System (LIMS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 8.1. Key Findings / Summary
      • 8.2. Market Analysis, Insights and Forecast – By Product
        • 8.2.1. On-premise
        • 8.2.2. Web-hosted
        • 8.2.3. Cloud-based
      • 8.3. Market Analysis, Insights and Forecast – By End Use
        • 8.3.1. Life Sciences
        • 8.3.2. CROs
        • 8.3.3. Petrochemical Refineries & Oil and Gas Industry
        • 8.3.4. Chemical Industry
        • 8.3.5. Food and Beverage and Agriculture Industries
        • 8.3.6. Environmental Testing Laboratories
        • 8.3.7. Other Industries
      • 8.4. Market Analysis, Insights and Forecast – By Component
        • 8.4.1. Software
        • 8.4.2. Services
      • 8.5. Market Analysis, Insights and Forecast – By Country
        • 8.5.1. China
        • 8.5.2. India
        • 8.5.3. Japan
        • 8.5.4. Australia
        • 8.5.5. South East Asia
        • 8.5.6. Rest of Asia Pacific

      9. Latin America, Middle East, and Africa Laboratory Information Management System (LIMS) Market Analysis (USD Billion), Insights and Forecast, 2020-2027

      • 9.1. Key Findings / Summary
      • 9.2. Market Analysis, Insights and Forecast – By Product
        • 9.2.1. On-premise
        • 9.2.2. Web-hosted
        • 9.2.3. Cloud-based
      • 9.3. Market Analysis, Insights and Forecast – By End Use
        • 9.3.1. Life Sciences
        • 9.3.2. CROs
        • 9.3.3. Petrochemical Refineries & Oil and Gas Industry
        • 9.3.4. Chemical Industry
        • 9.3.5. Food and Beverage and Agriculture Industries
        • 9.3.6. Environmental Testing Laboratories
        • 9.3.7. Other Industries
      • 9.4. Market Analysis, Insights and Forecast – By Component
        • 9.4.1. Software
        • 9.4.2. Services
      • 9.5. Market Analysis, Insights and Forecast – By Country
        • 9.5.1. Brazil
        • 9.5.2. Saudi Arabia
        • 9.5.3. UAE
        • 9.5.4. Rest of LAMEA

      10. Competitive Analysis

      • 10.1. Company Market Share Analysis, 2018
      • 10.2. Key Industry Developments
      • 10.3. Company Profile
      • 10.4. Thermo Fisher Scientific
        • 10.4.1. Business Overview
        • 10.4.2. Segment 1 & Service Offering
        • 10.4.3. Overall Revenue
        • 10.4.4. Geographic Presence
        • 10.4.5. Recent Development
      *Similar details will be provided for the following companies
      • 10.5. Siemens
      • 10.6. LabVantage Solutions Inc.
      • 10.7. LabWare
      • 10.8. PerkinElmer Inc.
      • 10.9. Abbott Laboratories
      • 10.10. Autoscribe Informatics
      • 10.11. Illumina, Inc.
      • 10.12. Labworks

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