Laboratory Information Management System (LIMS) Market for Cloud-Based Delivery Mode Segment to Grow at Highest CAGR during 2021–2028
According to our new market research study on “Laboratory Information Management System (LIMS) Market to 2028 – Global Analysis and Forecast – by type, deployment, component, application, and end user,” the market is expected to reach US$ 2,402.48 million by 2028 from US$ 1,122.36 million in 2021. The market is estimated to grow with a CAGR of 11.5 % from 2021 to 2028. The report highlights trends prevailing in the market, and drivers and hindrances pertaining to the market growth.
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Based on type, the Laboratory Information Management System (LIMS) market is segmented into standalone and integrated LIMS. The standalone segment held the largest share of the market in 2021, however the integrated segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on deployment, the Laboratory Information Management System (LIMS) market is segmented into web-based delivery mode, cloud-based delivery mode and on-premises delivery mode. In 2021, the web-based delivery mode segment is likely to hold the largest share of the market, however cloud-based delivery mode segment is expected to grow at the fastest rate during the coming years. Growth of web-based delivery mode segment is attributed to advantages offered such as high security, lower price, instant software updates, and unlimited storage capacity.
Based on component, the Laboratory Information Management System (LIMS) market is segmented into software and services. The software segment is likely to hold the largest share of the market in 2021, however the services segment is anticipated to register the highest CAGR in the market during the forecast period. Growth of software segment is attributed to improved efficiency coupled with more quick results and help in tracking data from various experiments.
Based on application, the Laboratory Information Management System (LIMS) market is segmented into sample management, workflow automation, logistics management, enterprise resource planning, privacy and security controls and other applications. The sample management segment is likely to hold the largest share of the market in 2021, also the same segment is anticipated to register the highest CAGR in the market during the forecast period.
Based on End User, the Laboratory Information Management System (LIMS) market is segmented into hospitals & clinics, pharmaceutical companies, contract research organizations and others. The pharmaceutical companies segment is likely to hold the largest share of the market in 2021, however the contract research organizations segment is anticipated to register the highest CAGR in the market during the forecast period.
COVID-19 pandemic has become the most significant challenge across the world. Clinical laboratories are finding it difficult to cope with the rapid influx of COVID-19 testing samples, impacting their ability to provide accurate testing. Implementation of automated solutions like LIMS is expected to relieve this stress on clinical laboratories by promoting efficient testing of voluminous samples. Significant adoption of LIMS has been witnessed since the COVID-19 pandemic’s onset, enabling healthcare providers to concentrate on drug and vaccine development by smoothening data collection procedures. Prominent players in the laboratory information systems landscape are collaborating with public and private sector organizations to employ advanced technologies for implementing COVID-19 testing capabilities. For instance, LabWare Technologies has collaborated with the National Health Service to provide laboratory management software to healthcare settings across the United Kingdom.
Thermo Fisher Scientific Inc.; Abbott; Illumina, Inc.; LABWORKS; LabLynx, Inc.; LabVantage Solutions, Inc.; Accelerated Technology Laboratories, Inc.; LabSoft LIMS by Computing Solutions, Inc.; LabWare; and Autoscribe Informatics are among the leading companies operating in the Laboratory Information Management System (LIMS) market.
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Value Market Research offers the latest published report on “Global Laboratory Information Management System Market” analysis and forecast 2021-2027.
The prime objective of the report is to help the user understand the market driver, restrains, challenges, opportunities, regulatory scenario, major technological trends, segmental markets, and growth projections with a suitable set of methodologies and assumptions.
The report provides market size, share, for the base year 2020 and a yearly forecast until 2027 in revenue and volume.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the laboratory information management system market include LabWare, Thermo Fisher Scientific Inc., Abbott Informatics, LabVantage Solutions, Inc., LabLynx, Inc., Autoscribe Informatics, Genologics, Labworks, Siemens AG and Accelerated Technology Laboratories.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Laboratory Information Management System Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/laboratory-information-management-system-market/download-sampleMarket DynamicsThe market is mainly driven by the growing focus on enhancing the efficiency of laboratories.
Furthermore, rising investment in R, especially in the biotechnology and pharmaceutical sector, has boosted the market.
Laboratory Information Management System-Global Market Status and Trend Report 2013-2023 offers a comprehensive analysis on Laboratory Information Management System industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights.
No matter the client is industry insider, potential entrant or investor, the report will provides useful data and information.The global Laboratory Information Management System Market report has been strategically curated to fulfil the needs of the customer through in-depth analysis of the Laboratory Information Management System Market that can assist the customer in gaining actionable insights regarding the Laboratory Information Management System Market.Ask for Report Brochure of Laboratory Information Management System Market @ http://orbisresearch.com/contacts/request-sample/2088682Key questions answered by this report include:Worldwide and Regional Market Size of Laboratory Information Management System 2013-2017, and development forecast 2018-2023Main manufacturers/suppliers of Laboratory Information Management System worldwide, with company and product introduction, position in the Laboratory Information Management System marketMarket status and development trend of Laboratory Information Management System by types and applicationsCost and profit status of Laboratory Information Management System, and marketing statusMarket growth drivers and challengesThe report segments the global Laboratory Information Management System Market as:Global Laboratory Information Management System Market: Regional Segment Analysis (Regional Production Volume, Consumption Volume, Revenue and Growth Rate 2013-2023):North AmericaEuropeChinaJapanRest APACLatin AmericaGlobal Laboratory Information Management System Market: Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2013-2023):Broad-based LIMSIndustry-specific LIMSGlobal Laboratory Information Management System Market: Application Segment Analysis (Consumption Volume and Market Share 2013-2023; Downstream Customers and Market Analysis)Life Sciences IndustriesPharmaceutical and BiotechnologyPetrochemical and Oil & Gas RefineriesChemical IndustryFood & Beverage and Agriculture IndustryEnvironmental TestingOther IndustriesPurchase a single user copy of Global Laboratory Information Management System Market @ http://orbisresearch.com/contacts/enquiry-before-buying/2088682Global Laboratory Information Management System Market: Manufacturers Segment Analysis (Company and Product introduction, Laboratory Information Management System Sales Volume, Revenue, Price and Gross Margin):Thermo Fisher Scientific (U.S.)LabWare(U.S.)LabVantage Solutions (U.S.)Abbott Informatics (U.S.)Core Informatics (U.S.)LabLynx (U.S.)Labworks (U.S.)GenoLogics (Canada)Computing Solutions (U.S.)Autoscribe Informatics (U.K.)In a word, the report provides detailed statistics and analysis on the state of the industry; and is a valuable source of guidance and direction for companies and individuals interested in the market.Major points from Table of Contents:Chapter One: Overview of Laboratory Information Management System MarketChapter Two: Global Market Status and Forecast by RegionsChapter Three: Global Market Status and Forecast by TypesChapter Four: Global Market Status and Forecast by Downstream IndustryChapter Five: North America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter Six: Europe Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter Seven: Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter Eight: Latin America Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter Nine: Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream IndustryChapter Ten: Market Driving Factor Analysis of Laboratory Information Management System MarketChapter Eleven: Laboratory Information Management System Market Competition Status by Major ManufacturersChapter Twelve: Laboratory Information Management System Market Major Manufacturers Introduction and Market DataChapter Thirteen: Upstream and Downstream Market Analysis of Laboratory Information Management System MarketChapter Fourteen: Cost and Gross Margin Analysis of Laboratory Information Management System MarketChapter Fifteen: Report ConclusionChapter Sixteen: Research Methodology and ReferenceBrowse Full Laboratory Information Management System Market Report @ http://orbisresearch.com/reports/index/laboratory-information-management-system-global-market-status-and-trend-report-2013-2023About Us:Orbis Research (orbisresearch.com) is a single point aid for all your market research requirements.
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