European Markets for Laboratory Information Management Systems : Market Research Report

European Markets for Laboratory Information Management Systems

Published: Mar. 27, 2008 - 90 Pages

1. Executive Summary: 1. Industry Snapshot
2. Glossary and Exchange Rates: 1. Glossary; 2. Exchange Rates
3. Industry Challenges: 1. Identification of the Challenges Facing the European LIMS Market
4. Total European LIMS Market: 1. Total European Laboratory Information Management Systems Market
5. Laboratory Information Management System Application in Pharmaceutical Research and Development Segment: 1. LIMS Market for Research-based Pharmaceutical Industry
6. Laboratory Information Management Systems Application for Pharmaceutical Manufacturing Segment: 1. LIMS Market for Pharmaceutical Manufacturing
7. Laboratory Information Management System Application for Clinical Trial Experiments: 1. LIMS Market for Clinical Trials Experiments
8. Market Engineering Strategic Recommendations for European Laboratory Information Management Systems Markets: 1. Strategies
9. Database of Key Industry Participants: 1. Industry Participants
10. Decision Support Database for LIMS in Europe: 1. Decision Support Database Tables
List of Figures
Chapter 2: Total LIMS Market: Currency Exchange Rates (Europe), 2007
Chapter 3: Total LIMS Market: Impact of Top Six Industry Challenges (Europe), 2008-2014
Chapter 4: Total Laboratory Information Management Systems Market: End-user Requirements-Purchasing Criteria (Europe), 2007; Total Laboratory Information Management Systems Market: Market Drivers Ranked in Order of Impact (Europe), 2008-2014; Total Laboratory Information Management Systems Market: Market Restraints Ranked in Order of Impact (Europe), 2008-2014; Total Laboratory Information Management Systems Market:Revenue Forecasts (Europe), 2004-2014; Total Laboratory Information Management Systems Market: Per cent of Revenues by Product Type (Europe), 2004-2014; Total Laboratory Information Management Systems Market: Geographical Distribution of Implementations (Europe), 2007; Total Laboratory Information Management Systems Market: Revenue Forecasts (Western Europe), 2004-2014; Total Laboratory Information Management Systems Market: Revenue Forecasts (Eastern Europe), 2004-2014; Total Pharmaceutical Laboratory Information Management Systems Market: Competitive Structure (Europe), 2007
Chapter 5: LIMS Application in Pharmaceutical R&D Market: Revenue Forecasts (Europe), 2004-2014
Chapter 6: LIMS Application for Pharmaceutical Manufacturing Market: Revenue Forecasts (Europe), 2004-2014
Chapter 7: LIMS Application for Clinical Trials Experiment Market: Revenue Forecasts (Europe), 2004-2014
Chapter 10: Decision Support Database: Pharmaceutical R&D Expenditure in Million USD (World), 2002-2012; Decision Support Database: Government R&D Expenditure in Biotechnology in Million USD (World), 2002-2012; Decision Support Database: Venture Capital investment in biotech R&D in Million USD (World), 2002-2012; Decision Support Database: Total Healthcare Expenditure in Billion USD (World), 2002-2012; Decision Support Database: Government Healthcare Expenditure in Billion USD (World), 2002-2012

Abstract

This Frost & Sullivan research service titled European Markets for Laboratory Information Management Systems provides an overview of the pharmaceutical LIMS markets in Europe along with their scope in pharma research and development, manufacturing and clinical data management, and their corresponding market size with revenues. Together, it provides a complete analysis of key market drivers, restraints and trends in the market. Finally, it provides strategic solutions to vendors to gain advantage in this growing market. Within the scope of this research service, the LIMS market is defined as revenues generated from licensing and servicing costs. Also detailed are market trends, technology trends and purchasing criteria of end users for LIMS solutions.

Niche Markets Offer Promising Growth Potential

There has been a steady growth in the European laboratory information management systems (LIMS) market since its commercialisation in the late 1980s. "The need to manage the information deluge is the key driver for the LIMS market," notes the analyst of this research. "LIMS applications are considered mission-critical systems since efficient storage, retrieval and sharing of information with other business intelligence software is crucial to the business process." Over the recent years, pharma mergers and acquisitions have been a noteworthy trend and have impacted the LIMS industry by requiring it to adopt an open platform technology with the appropriate standardisation to enable remote capture and retrieval of information.

Due to the decrease in the number of R&D and manufacturing sites in Europe as well as pricing pressures caused by intense competition, the growth rate of the European LIMS market does not seem to correspond with that of the global market. LIMS companies in Europe need to evolve technologically to provide the most up-to-date software features for customers. Vendors have identified niche markets such as bio-repositories data management, clinical trials data management, electronic lab notebooks and scientific data management systems and have devised new strategies for product innovation and marketing, as these markets are likely to provide the main stream of revenues in the future.

Provision of Up-to-Date Technologies Critical for Competitive Success

The competitive landscape of the European LIMS market is highly fragmented due to the presence of several regional vendors and niche participants. The European pharmaceutical LIMS market is in its late growth stage. Owing to the high degree of innovation in the research-based pharmaceutical industry, the LIMS market is characterised by the constant quest for more rapid upgrades with technological advances, interfacing efficiently with the wide array of scientific instruments and quick implementation. The main competitive factors include providing easy-to-use interfaces, round-the-clock customer service and support and pricing strategies. Due to the increased complexity and functionality of the present LIMS solutions, providing excellent service and hassle-free maintenance solutions seems to be the key deciding factor for the purchase of a LIMS solution.

"Servicing and support costs constitute the main stream of revenues for vendors: hence, it is crucial to provide customers with up-to-date technologies to address their evolving data management requirements," explains the analyst. "The reduction of implementation time through the provision of configurable LIMS solutions and decreasing multi-site licensing costs via standardisation are important attributes in this regard."

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European Markets for Laboratory Information Management Systems

Table of Contents

Abstract