Laboratory Information Management System (LIMS) Market Size, Trends & Growth Opportunity, By Type (Standalone and Integrated), By Deployment (Web-Based Delivery Mode, Cloud-Based Delivery Mode, and On-Premise Delivery Mode), By Component (Software and Services), By Application into Sample Management, Workflow Automation, Records Management, and Others), and By Region and Forecast till 2027.
Report ID : QR1001352 | Industries : Healthcare | Published On :January 2022 | Page Count : 237Laboratory Information Management System (LIMS) Market
A LIMS (laboratory information management system) is a software-based solution that helps modern laboratories run smoothly. It's also known as a laboratory management system (LMS) or a laboratory information system (LIS) (LMS).Workflow management, as well as data tracking and processing, are important features of LIMS. It can be used in regulated clinical environments because of its flexible architecture and data exchange interfaces. The features and applications of a LIMS have evolved over time, from simple sample tracking to an enterprise resource planning tool that manages multiple aspects of laboratory informatics.
Drivers: Laboratory automation is becoming more popular as a way to reduce human involvement in lab processes. The use of dedicated workstations and system software to automate routine laboratory procedures increases laboratory efficiency and allows researchers to focus on more important tasks while avoiding human errors. Furthermore, the large volumes of data generated by laboratory systems are driving demand for effective data processing, analysis, and sharing methods, highlighting the need for efficient and cost-effective LIMS solutions.
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Restraints: The high maintenance and service costs of LIMS are significant market restraints. The cost of maintaining IT solutions, according to industry experts, is higher than the cost of the software itself.Many small and medium-sized laboratories are unable to afford these systems, which limits their adoption. However, as cloud-based LIMS solutions become more prevalent, the impact of this restraint is expected to diminish in the coming years.
Impact of Covid-19
The COVID-19 pandemic has emerged as the world's most serious threat. Clinical laboratories are having trouble keeping up with the influx of COVID-19 testing samples, which is affecting their ability to provide accurate results. By promoting efficient testing of large samples, automated solutions such as LIMS are expected to relieve this stress on clinical laboratories. With the outbreak of COVID-19, the use of LIMS has increased, allowing healthcare providers to focus on drug and vaccine development by streamlining data collection procedures. Leading players in the laboratory information systems space are collaborating with public and private sector organisations to implement COVID-19 testing capabilities using advanced technologies.
Segmentation By Type: Laboratory Information Management System (LIMS) Market is classified on the basis of Type into Standalone and Integrated.
Segmentation By Deployment: Laboratory Information Management System (LIMS) Market is classified on the basis of Deployment into Web-Based Delivery Mode, Cloud-Based Delivery Mode, and On-Premise Delivery Mode.
Segmentation By Component: Laboratory Information Management System (LIMS) Market is classified on the basis of Component into Software and Services.
Segmentation By Application: Laboratory Information Management System (LIMS) Market is classified on the basis of Application into Sample Management, Workflow Automation, Records Management, Decision Making, Enterprise Resource Planning, and Logistics Management.
Segmentation By Region: Laboratory Information Management System (LIMS) Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape: Thermo Fisher Scientific Inc., PerkinElmer Inc., Autoscribe Informatics, Shimadzu Corporation, Novatek International, Agilent Technologies, Inc., LabWare, STARLIMS Corporation, IBM Corporation, Roper Technologies, Inc, Infors AG, LabVantage Solutions Inc., and CloudLIMS.com.
Industrial Development
- In March 2021, PerkinElmer, Inc. expanded its Singals informatics platform in collaboration with Insightful Science, a life sciences software company, to expand capabilities in the biologics drug discovery space. This will enable the company to broaden its product line and develop its platform in order to reach new customers.
- Roper Technologies, Inc. announced the acquisition of Vertafore, a leading SaaS solutions provider, in September 2020. The company was able to improve its SaaS offerings as a result of this acquisition. Customers can thus be offered a variety of advanced technology solutions while also diversifying the product portfolio.
Market Taxonomy
By Type
- Standalone
- Integrated
By Deployment
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
By Component
- Software
- Services
By Application
- Sample Management
- Workflow Automation
- Records Management
- Decision Making
- Enterprise Resource Planning
- Logistics Management
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Laboratory Information Management System (LIMS) Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Laboratory Information Management System (LIMS) Market TOC
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Laboratory Information Management System (LIMS) Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5. Global Laboratory Information Management System (LIMS) Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Laboratory Information Management System (LIMS) Market Share Analysis, By Type
5.3 Laboratory Information Management System (LIMS) Market Size and Forecast, By Type
5.3.1 Standalone
5.3.2 Integrated
6. Global Laboratory Information Management System (LIMS) Market, By Deployment
6.1 Y-o-Y Growth Comparison, By Device Type
6.2 Laboratory Information Management System (LIMS) Market Share Analysis, By Device Type
6.3 Laboratory Information Management System (LIMS) Market Size and Forecast, By Device Type
6.3.1 Web-Based Delivery Mode
6.3.2 Cloud-Based Delivery Mode
6.3.3 On-Premise Delivery Mode
7. Global Laboratory Information Management System (LIMS) Market, By Component
7.1 Y-o-Y Growth Comparison, By Component
7.2 Laboratory Information Management System (LIMS) Market Share Analysis, By Component
7.3 Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
7.3.1 Software
7.3.2 Services
8. Global Laboratory Information Management System (LIMS) Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8. Laboratory Information Management System (LIMS) Market Share Analysis, By Application
8.3 Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
8.3.1 Sample Management
8.3.2 Workflow Automation
8.3.3 Records Management
8.3.4 Decision Making
8.3.5 Enterprise Resource Planning
8.3.6 Logistics Management
9. Global Laboratory Information Management System (LIMS) Market, By Region
9.1 Laboratory Information Management System (LIMS) Market Share Analysis, By Region
9.2 Laboratory Information Management System (LIMS) Market Size and Forecast, By Region
9.3 Laboratory Information Management System (LIMS) Market Size and Forecast, By Region
10. North America Laboratory Information Management System (LIMS) Analysis and Forecast (2021-2027)
10.1 Introduction
10.2 North America Laboratory Information Management System (LIMS) Market Share Analysis, By Type
10.3 North America Laboratory Information Management System (LIMS) Market Size and Forecast, By Deployment
10.4 North America Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
10.5 North America Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
10.6 North America Laboratory Information Management System (LIMS) Market Size and Forecast, By Country
10.6.1 US
10.6.2 Canada
11. Europe Laboratory Information Management System (LIMS) Market Analysis and Forecast (2021-2027)
11.1 Introduction
11.2 Europe Laboratory Information Management System (LIMS) Market Share Analysis, By Type
11.3 Europe Laboratory Information Management System (LIMS) Market Size and Forecast, By Deployment
11.4 Europe Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
11.5 Europe Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
11.6 Europe Laboratory Information Management System (LIMS) Market Size and Forecast, By Country
11.6.1 UK
11.6.2 Germany
11.6.3 France
11.6.4 Italy
11.6.5 Spain
11.6.6 Netherland
12. Asia Pacific Laboratory Information Management System (LIMS) Market Analysis and Forecast (2021-2027)
12.1 Introduction
12.2 Asia Pacific Laboratory Information Management System (LIMS) Market Share Analysis, By Type
12.3 Asia Pacific Laboratory Information Management System (LIMS) Market Size and Forecast, By Deployment
12.4 Asia Pacific Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
12.5 Asia Pacific Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
12.6 Asia Pacific Laboratory Information Management System (LIMS) Market Size and Forecast, By Country
12.6.1 China
12.6.2 Japan
12.6.3 India
12.6.4 Australia
13. Latin America Laboratory Information Management System (LIMS) Market Analysis and Forecast (2021-2027)
13.1 Introduction
13.2 Latin America Laboratory Information Management System (LIMS) Market Share Analysis, By Type
13.3 Latin America Laboratory Information Management System (LIMS) Market Size and Forecast, By Deployment
13.4 Latin America Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
13.5 Latin America Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
13.6 Latin America Laboratory Information Management System (LIMS) Market Size and Forecast, By Country
13.6.1 Brazil
13.6.2 Rest of Latin America
14 Middle East Laboratory Information Management System (LIMS) Market Analysis and Forecast (2021-2027)
14.1 Introduction
14.2 Middle East Laboratory Information Management System (LIMS) Market Share Analysis, By Type
14.3 Middle East Laboratory Information Management System (LIMS) Market Size and Forecast, By Deployment
14.4 Middle East Laboratory Information Management System (LIMS) Market Size and Forecast, By Component
14.5 Middle East Laboratory Information Management System (LIMS) Market Size and Forecast, By Application
14.6 Middle East Laboratory Information Management System (LIMS) Market Size and Forecast, By Country
14.6.1 Saudi Arabia
14.6.2 UAE
14.6.3. Egypt
14.6.4. Kuwait
14.6.5. South Africa
15 Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16. Company Profiles
16.1 Thermo Fisher Scientific Inc
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2 PerkinElmer Inc.
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3 Autoscribe Informatics
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Shimadzu Corporation
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 CloudLIMS.com.
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Roper Technologies, Inc,
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 IBM Corporation
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies