Market Research Report
Transition to Hybrid Cloud Services to Trigger the Growth of Laboratory Information Management Systems in the United States and European Union, 2020
|Transition to Hybrid Cloud Services to Trigger the Growth of Laboratory Information Management Systems in the United States and European Union, 2020|
Published: December 15, 2020
Frost & Sullivan
Content info: 54 Pages
Delivery time: 1-2 business days
Thriving Demand for Biorepositories and Maturity of the Biobanking Industry to Unlock New Growth Opportunities
The Transformational Health team at Frost & Sullivan provides critical insights into the US and EU laboratory information management system (LIMS) industry, highlighting the key growth opportunities, market revenue forecast, and trends that will play an important role in industry growth.
The US and EU LIMS market covered in this study is segmented by end user (pharmaceutical, biobanks, clinical diagnostics, government, and academic institutions) and by product type (thick-client, thin-client, and cloud-native). The market forecast is provided through 2026, capturing the interesting trends, developments and end-user dynamics that will influence the growth of industry participants.
This research service identifies the largest revenue-generating as well as the fastest-growing end- user segment in the industry. The impact of the COVID-19 pandemic on market revenue potential for both the United States and the European Union are also detailed. Strategic imperatives needed to consolidate the customer base as well as improve market penetration are clearly outlined. The study also provides comprehensive insights on the complex dynamics in the LIMS industry with regard to pricing trends, production adoption trends, and the key industry participants. It also profiles the competitive environment in the LIMS industry, outlining the strategy and capabilities of the top competitors.
With this research service, Frost & Sullivan's Transformational Health group offers insightful analysis in the form of key growth opportunities that revolve around the use of artificial intelligence in LIMS for quality assurance and quality control of manufacturing, client expectations in the biobanking industry, and the adoption of hybrid cloud for flexible and agile data management.