Laboratory information management system market 2018 | Scope of Current and Future Industry 2023
The global laboratory information management system market will grow at a CAGR of
7.3% from 2018 to 2023 to reach USD 1,133.5 million by 2023, majorly driven by
“growing automation in laboratories,
technological advancements in laboratory information management systems,
stringent regulatory compliance, increasing R&D spending, and
increasing replacement of old legacy systems with COTS solutions.”
With the penetration of new
technologies and growing automation, laboratories across the globe are
increasingly modernizing their approach to capture, track, manage, and share
their research and manufacturing data. Moreover, scientific advances in the
fields of genomics, proteomics, and personalized medicine are exponentially
increasing the need for efficient data management.
Request Sample Report: https://www.meticulousresearch.com/request-sample-report/?cp_id=4009
LIMS solutions help to reduce
manual efforts, labor cost, cost of error, and throughput time; offer paperless
information management and effective data analytics; improve data traceability,
accessibility, security and sharing; streamline processes; enhance quality
management; abide by the regulatory requirements; and provide better control of
all business processes and decision support. Thus, automation of laboratory
processes and integration of data provides a robust platform to drive scientific
decisions and improve quality and operational efficiency, thereby enabling lab
professionals to productively advance research, development and manufacturing.
The laboratory information
management system market is mainly segmented based on type, mode of delivery,
component, end-user, and geography. On the basis of type, multi-purpose LIMS
segment is expected to continue to dominate the market during the forecast
period, mainly due to “technological
advancements in LIMS, growing replacement of old legacy LIMS with COTS LIMS,
and growing application of LIMS in biobanking, academic research institutes and
CROs.”
Life sciences industry will
continue to be the leading adopter of laboratory information management systems
with the growing R&D activities and outsourcing to CROs, presence of strict
regulatory guidelines, growing academic research, increasing biobanks and
biorepositories, replacement of old legacy systems with advanced informatics
solutions, and rising need to integrate laboratory systems.
Asia-Pacific region is expected
to be the fastest-growing market, mainly due to “accelerated economic growth of many countries in the
region, growing government focus on digitization, growing life sciences
industry and outsourcing to CROs in this region, and improving laboratory
infrastructure and rising automation.”
The
major market 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 Fiser Scientific Inc., and Waters Corporation, among others.
Download Sample
Report: https://www.meticulousresearch.com/download-sample-report/?cp_id=4009
Comments
Post a Comment