LIMS Industry Type are Life Sciences Industry, Food & Beverage and Agriculture Industries, Petrochemical Refineries and The Oil & Gas Industry, Chemical Industry, Other Industry Like Siemens, Thermo Fisher Scientific, Roper Technologies, Inc., McKesson, I

Laboratory Information Management System (Laboratory Information Management Systems) systematize and streamline the existing processes such as management of the data for helping the laboratories to improve the efficiency and good laboratory practice (GLP) acceptance. Moreover, Laboratory Information Management Systems also helps scientists in managing their work as it lowers their burden and offers the platform for the growth and achieving the objective of optimal efficacy.

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Global Laboratory Information Management Systems (LIMS) Market is expected to reach USD 1,155.67 million by 2025 from USD 650.70 million in 2017, at a CAGR of 7.7 % in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

North America Laboratory Information Management Systems market is expected to reach USD 458.59 million by 2025 from USD 266.14 million in 2017, at a CAGR of 7.3% in the forecast period 2018 to 2025.

RISING NEED FOR ADOPTION OF LABORATORY INFORMATION MANAGEMENT SYSTEMS IN VARIOUS INDUSTRIES

Data management systems have become the basic need of any of the laboratory for tracking samples and to meet the needs of the growing strict regulations, but the Laboratory Information Management Systems helps in increasing the productivity and workflow without wasting much time on the system.

The Laboratory Information Management Systems is used by various industries such as pharmaceutical, food & safety, clinical research, manufacturing services, contract services, molecular testing, petrochemical and refining, public health, and environmental services.

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TECHNOLOGICAL ADVANCEMENTS IN LABORATORY INFORMATION MANAGEMENT Systems SERVICES

Ø In October 2017, LabVantage Solutions, launched the LabVantage 8.3, the advanced version of the Laboratory Information Management Systems software and it is the first GxP-compliant solution used for the data integrity and auditing that helps in the drug manufacturers to follow the guidance of the FDA for the Data Integrity and Compliance with Current Good Manufacturing Practice (CGMP).

Ø In January 2018, Abbott Informatics launched the STARLaboratory Information Management Systems Clinical Solution V 9.1 that features enhanced modification required for the healthcare informatics solution. The advanced solution provide secure and fast competences for the sample recording and tracking with the help of mobile devices that are using the automate sample data management, safeguard data integrity, and offers the advanced analytics for quality control (QC) management.

The market is further segmented into:

• Component
• Product Type
• Delivery
• Industry Type

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The global Global Laboratory Information Management Systems market highly concentrated to a few big players and rest to local players who cater to domestic markets only. Thermo Fisher Scientific Inc. dominated the Global Laboratory Information Management Systems market accounting for a highest market share in 2017, followed by McKesson Corporation Abbott and Siemens AG. Other players in this market include are Roper Technologies, Inc., IBM Corporation, Illumina, Inc., Shimadzu Corporation, LabWare, LABWORKS among others.

Thermo Fisher Scientific Inc.:

Thermo Fisher Scientific Inc. founded in 2006 and headquartered in Waltham, U.S. Thermo Fisher Scientific Inc. is the provider of analytical instruments, equipment, reagents and consumables, software, and services for research, manufacturing, analysis, discovery, and diagnostics. The company operates in various segments namely life sciences, industrial & applied science, clinical & diagnostics, lab solutions and other resources. The laboratory information management systems market related products and services lie under life sciences.

The company has its subsidiaries namely Dionex, Patheon Inc., FEI Company, Affymetrix, Phadia, Nalge Nunc International, Richard Allan Scientific Co., REMEL Inc., Core Informatics and among others. Core Informatics is also engaged in providing the products, solutions, software and services, the company operates in various segments namely Core LIMS, Core ELN, Core SDMS, Core Collaboration and Core Connect. The company has its global presence in many regions such as Sydney, Asia Pacific, Perth, Adelaide, Brisbane, and Melbourne among others.

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