DUBLIN--(BUSINESS WIRE)--The "Laboratory Information Management System/LIMS Market by Type, Component (Software, Service), Deployment Model (On-premise, Remote, Cloud), Industry (CRO, CMO, Toxicology, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global LIMS market is expected to reach USD 1,355.0 million by 2023 from USD 747.3 million in 2018, at a CAGR of 12.6%
Growth in this market is driven by the increasing use of LIMS to comply with stringent regulatory requirements, increasing focus on improving the efficiency of laboratories, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and growing adoption of cloud-based LIMS. On the other hand, the high maintenance and service costs and the lack of integration standards for LIMS the growth of this market.
Based on component, the LIMS market is segmented into services and software. The services segment is expected to register the highest CAGR during the forecast period. The large share of the services segment can be attributed to the recurring requirement of services such as training, software upgrading, and software maintenance post-installation.
Based on type, the LIMS market for the life sciences industry is segmented into pharmaceutical and biotechnology companies, biobanks and biorepositories, CROs & CMOs, molecular diagnostics (MDx) & clinical research laboratories, academic research institutes toxicology laboratories, NGS laboratories, and forensic laboratories. The pharmaceutical and biotechnology companies segment is expected to account for the largest share of the life sciences market by type in 2018.
The large share of this segment can be attributed to the increasingly adopting LIMS systems to automate laboratory workflows and improve operational efficiency, which helps them in early drug discovery, meeting regulatory requirements, instrument calibration, certification, and maintenance.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Laboratory Information Management System Market, By Type
7 Laboratory Information Management System Market, By Component
8 Laboratory Information Management System Market, By Deployment Model
9 LIMS Market, By Industry
10 LIMS Market, By Region
11 Competitive Landscape
12 Company Profiles
- Thermo Fisher Scientific
- Abbott Informatics (A Subsidiary of Abbott Laboratories)
- Autoscribe Informatics (A Wholly Owned Subsidiary of Autoscribe Limited)
- Computing Solutions
- Genologics, Inc. (An Illumina Company)
- Labworks LLC
- Dassault Systmes
- Accelerated Technology Laboratories
For more information about this report visit https://www.researchandmarkets.com/research/pk9b5l/global_laboratory?w=4