Laboratory Information Management System Market By Type (Multipurpose, Purpose Built), Component (Services, Software), Delivery (On Premise, Web, Cloud), End User (Pharma, Biotech, MDx, Biobank, CRO, F&B, Oil, Gas, Petroleum, Chemical, Environment) – Global Forecast To 2023
Laboratory Information Management System Market by Type (Multipurpose, Purpose built), Component (Services, Software), Delivery (On Premise, Web, Cloud), End User (Pharma, Biotech, MDx, Biobank, CRO, F&B, Oil, Gas, Petroleum, Chemical, Environment) - Global Forecast to 2023”
The laboratory information management system market is mainly categorized by type (multi-purpose LIMS, and purpose-built LIMS), mode of delivery (on-premise solutions, cloud-based solutions, and web-based solutions), by component (service, and software), by end user (life sciences industry, food & beverage and agriculture industries, petrochemical refineries and oil & gas industries,chemical testing laboratories, environmental testing laboratories, and others), and by geography.
The laboratory information management system market is characterized by constant technological advancements to keep pace with the changing industrial needs. The growth of this market is fueled by the growing automation in laboratories, increasing penetration of new technologies, evolving quality regulations, growing awareness and availability of laboratory information management system solutions, increasing awareness through conferences, seminars, and workshops, increasing R&D spending, and need for early drug discovery.
The global laboratory information management system market is expected to reach USD 1,133.5 million by 2023, at a CAGR of 7.3% during the forecast period of 2018 to 2023.
Succeeding an extensive secondary and primary research on the global laboratory information management system market and an in-depth analysis of the market scenario, the report carries out an impact analysis of the key industry drivers, restraints, opportunities, and challenges in the market dynamics segment. Emerging economies of Asia-Pacific, Latin America, and Middle East & Africa and increasing adoption of cloud-based informatics solutions provide immense growth opportunities for various stakeholders in the laboratory information management system market. However, lack of skilled professionals and challenge faced in integration of old and new systems may hinder the adoption of the market to some extent.
In addition, the report further gives an extensive outlook on various industries served by the laboratory information management system market. These industries include life sciences industry, chemical testing laboratories, food & beverage and agriculture industries, and petrochemical and oil & gas industries. These end user segments further briefly talk about the trends impacting the growth of these markets and the benefits involved with the use of laboratory information management solutions in these verticals to improve overall efficiency and outcomes in the market.
An in-depth analysis of the geographical scenario of the industry provides detailed qualitative and quantitative insights about the five major geographies (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) along with the coverage of major countries in each region. The geographical analysis provides detailed insights on the key trends of the industry in the listed regions & countries, identifying the demographic & economic impact, government & private investments, and regulatory scenario. The report identifies North America to be the largest market followed by Europe, Asia-Pacific, and Rest of the World. The geographical analysis section also comments on the key market players shaping the growth of the industry in the respective countries.
The report also includes the competitive landscape based on extensive assessment of the key strategic developments adopted by leading market participants in the industry over the past 4 years (2015-2018).
The major players in the global laboratory information management system market are Abbott Informatics (a subsidiary of Abbott Laboratories), Astrix Technology Group, Autoscribe Informatics, Blaze Systems Corporation, Computing Solutions, Incorporated (CSI) (LabSoft), Csols, Inc., Dassault Systemes SE, EuSoft Srl., Genohm SA, Genologics, Inc., (Illumina Company), Dohmen Company (HORIZON), Infosys Limited, LabLynx, Inc., LabVantage Solutions, Inc., LabWare, Inc., LabWorks LLC, Novatek International, Promium, LLC, Thermo Fisher Scientific Inc., and Waters Corporation, among others.
Scope of the report
Market by Product:
Market by Mode of Delivery:
Market by Component:
Market by End User:
Life Sciences industry
Pharmaceutical and Biotechnology Companies
Biobanks & Biorepositories
Academic Research Institutes and Contract Research Organizations (CROs)
Molecular Diagnostics & Clinical Research Labs
Food & Beverage and Agriculture Industries
Petrochemical Refineries and Oil & Gas Industries
Chemical Testing Laboratories
Environmental Testing Laboratories
Market by Geography:
Rest of Europe (RoE)
Rest of APAC (RoAPAC)
Rest of the World
Middle East & Africa
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