2020 Insights on the Laboratory Information Management Systems (LIMS) Global Market Analysis - CAGR of 14.1% Expected Between 2019 & 2026 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Laboratory Information Management Systems (LIMS) Market Analysis 2020" report has been added to ResearchAndMarkets.com's offering.

The Global Laboratory Information Management Systems (LIMS) market is expected to reach $2.21 billion by 2026 growing at a CAGR of 14.1% during 2019 to 2026.

Laboratory Information Management Systems (LIMS) is software that is used for managing various tasks in the laboratory including workflow management, integrate instruments, records management, logistics management, enterprise resource planning, decision making, privacy and security controls. Laboratories generate ample amount of data which can be managed through LIMS.

Factors such as growing adoption of cloud-based LIMS, technological advancements in LIMS offerings and growing R&D expenditure in pharmaceutical and biotechnology companies are driving the market growth. However, high maintenance and service costs and lack of integration standards for LIMS are restraining the market growth. Moreover, use of LIMS in the cannabis industry may provide ample opportunities for the market growth

Based on end user, the life sciences/ pharmaceutical laboratories segment is going to have a lucrative growth. The large share of this segment can be attributed to the increasing number of biobanks/biorepositories, growing R&D investments/activities in pharmaceutical and biotechnology companies, and rise in outsourcing by pharmaceutical companies. Apart from this, LIMS provides higher productivity and cost efficiency, which is to bolster its deployment in the life science sector.

Companies Mentioned

• Abbott Informatics
• Accelerated Technology Laboratories
• Autoscribe Informatics
• Genologics
• LabLynx Inc
• LabVantage Solutions Inc
• LabWare
• Labworks
• Siemens AG
• Thermo Fisher Scientific Inc

Key Questions Answered in this Report:

• How this market evolved since the year 2018
• Market size estimations, forecasts and CAGR for all the segments presented in the scope
• Key Market Developments and financials of the key players
• Opportunity Analysis for the new entrants
• SWOT Analysis of the key players
• Fastest growing markets analysed during the forecast period

Key Topics Covered:

1 Market Synopsis

2 Research Outline

2.1 Research Snapshot

2.2 Research Methodology

2.3 Research Sources

2.3.1 Primary Research Sources

2.3.2 Secondary Research Sources

3 Market Dynamics

3.1 Drivers

3.2 Restraints

4 Market Environment

4.1 Bargaining power of suppliers

4.2 Bargaining power of buyers

4.3 Threat of substitutes

4.4 Threat of new entrants

4.5 Competitive rivalry

5 Global Laboratory Information Management Systems (LIMS) Market, by LIMS Type

5.1 Introduction

5.2 Industry-Specific LIMS

5.3 Broad-Based LIMS

6 Global Laboratory Information Management Systems (LIMS) Market, by Type

6.1 Introduction

6.2 Integrated

6.3 Standalone

7 Global Laboratory Information Management Systems (LIMS) Market, by Purpose Type

7.1 Introduction

7.2 Multipurpose

7.3 Purpose Built

8 Global Laboratory Information Management Systems (LIMS) Market, by Component

8.1 Introduction

8.2 Hardware

8.3 Services

8.4 Software

9 Global Laboratory Information Management Systems (LIMS) Market, by Deployment Model

9.1 Introduction

9.2 Cloud-Based LIMS

9.3 On-Premise LIMS

9.4 Remotely (On-premise & Cloud)

9.5 Web Hosted LIMS

10 Global Laboratory Information Management Systems (LIMS) Market, by Application

10.1 Introduction

10.2 Decision Making

10.3 Enterprise Resource Planning

10.4 Logistics Management

10.5 Records Management

10.6 Sample Management

10.7 Workflow Automation

11 Global Laboratory Information Management Systems (LIMS) Market, by End User

11.1 Introduction

11.2 Chemical/ Energy

11.3 Consumer Products

11.4 Diagnostics/Medical Device

11.5 Environmental Testing Laboratories

11.6 Food & Beverage and Agriculture

11.7 Hospitals & Clinics

11.8 Life Sciences/ Pharmaceutical Laboratories

11.9 Petrochemical Refineries and Oil & Gas

11.10 Research Centers

11.11 Agriculture Industry

11.12 Toxicology Laboratories

11.13 Next-Generation Sequencing Laboratories

11.14 Academic Research Institutes

11.15 Bio-Banks & Bio-Repositories

11.16 Pathology

12 Global Laboratory Information Management Systems (LIMS) Market, by Product Type

12.1 Introduction

12.2 MAC

12.3 Android

12.4 iOS

12.5 Windows

13 Global Laboratory Information Management Systems (LIMS) Market, by Industry Type

13.1 Introduction

13.2 School

13.3 Manufacture

14 Global Laboratory Information Management Systems (LIMS) Market, by Sales Channel

14.1 Introduction

14.2 Direct Channel

14.3 Distribution Channel

15 Global Laboratory Information Management Systems (LIMS) Market, by Geography

15.1 Introduction

15.2 North America

15.3 Europe

15.4 Asia Pacific

15.5 South America

15.6 Middle East & Africa

16 Strategic Benchmarking

17 Vendors Landscape

For more information about this report visit https://www.researchandmarkets.com/r/z5gx50