Market Research 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
|Published by||Grand View Research, Inc.||Product code||744624|
|Published||Content info||100 Pages
Delivery time: 2-3 business days
|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|
|Published: October 9, 2018||Content info: 100 Pages||
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.
Some of the key companies present in the market are: Thermo Fisher Scientific, Inc.; Siemens Group SA; LabWare; PerkinElmer Inc.; Abbott Laboratories; and Autoscribe Informatics.