LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global laboratory information management system market report until 2021. This research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
The market research study by Technavio on the global laboratory information management system (LIMS) market for 2017-2021 provides a detailed industry analysis based on deployment model (on-premises and cloud-based) and geography (the Americas, EMEA, and APAC).
“The global laboratory information management system market size is projected to grow to USD 1.5 billion by 2021, at a CAGR of almost 9% over the forecast period. The integration of this system with other related hospital information systems is acting as a key driving factor impacting the growth of the market,” says Amit Sharma, a lead analyst at Technavio for enterprise application research.
Competitive vendor landscape
The adoption of LIMS in hospitals is rapidly increasing with a large number of enterprises implementing the solution due to its advantages like better storage and operations. This has pushed vendors to add technically advanced features to LIMS, which can integrate it with the traditional systems. Also, cloud-based companies are venturing into the market, which is expected to increase the rate of adoption of LIMS in the next few years. With the IT infrastructure adding innovative solutions to primary and secondary healthcare systems, the number of end-users for the LIMS market is set to increase over the forecast period.
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Top five vendors in the global laboratory information management system market
Abbott Laboratories is a global health care product vendor. The business segments of Abbott include Abbott.com, Diagnostics, Point of Care, and Molecular Diagnostics. The products offered by the company are STARLIMS, SDMS, ELN, Advanced analytics, Integrated solution, and Cloud services.
LabVantage provides a wide range of products and services like LIMS, quality electronic laboratory notebook, and business intelligence for laboratories worldwide. The company caters to academic research, chemical and process manufacturing, food and beverage, health and personal care, materials testing, petrochemical, and pharmaceutical industries.
LabWare designs, develops, and markets laboratory automation software solutions. The company serves customers in the clinical laboratory, environmental, food and beverage, forensics, mining and metal, oil and gas, pharmaceutical, and process and chemical industries.
McKesson Corporation offers medical supplies, pharmaceuticals, and healthcare information technologies to the healthcare industry. The company offers integrated laboratory information system meets both the clinical and business performance needs of the modern laboratory.
Thermo Fisher Scientific
Thermo Fisher is a world leader in high-tech healthcare instruments. The company helps life science, laboratory, and industrial customers improve their scientific knowledge and manufacturing processes, enable drug discovery, and protect people and environment with its instruments, scientific equipment, services, and software solutions.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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