Laboratory Information Management System market is set to grow at a CAGR of 10.2% by 2026 due to the growing requirements of optimizing the laboratory workflow through automation; by key players Computing Solutions, GenoLogics, Accelerated Technology Labo

Manufacturers are pushing the laboratory testing and measurement device management to its absolute limits in an attempt to squeeze every bit of performance possible out of the lab ecosystem. This brings together complete sample administration, test planning and certification, inspection results documentation, and resource management. The laboratory information management system facilitates precise description of all phases of test validation and gives an overview of healthcare quality management system.

“In order to efficiently manage the increasing data volumes, laboratory information management systems are proving to be of great importance. The demand would witness a double digit growth during the next six years with more number of laboratories focusing towards automating their operations”.
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The rising regulatory standards and concerns regarding the increased volume of data being produced have mandated laboratories to continuously advance their workflows. They are progressively focusing on optimizing the data management without increasing staff count and minimizing the training required. The increase in demand for harnessing accurate and effective resource management system has impelled the key players to revisit their strategies and deploy laboratory management measures in their system. However, confidential information breaching, phishing, and data loss are some of the challenges associated with this software.

The detailed research study provides qualitative and quantitative analysis of the very market. The market has been analyzed from demand as well as supply side. The geographical analysis done emphasizes on each of the major countries across North America, Asia Pacific, Europe, Middle East and Africa and Latin America.

The market is dominated by the presence of a few key players operating in the global region, such as Computing Solutions, GenoLogics, Accelerated Technology Laboratories, PerkinElmer Inc., Thermo Fisher Scientific, Labworks LLC, McKesson Corporation, LabVantage, Abbott Laboratories, Siemens, Lablynx, Dassault Systèmes, Promium LLC, Novatek International and Autoscribe Informatics amongst others. PerkinElmer, a global leader in providing improved lab management solutions had launched OneSource® Laboratory Consulting Services in May, 2013. This has effectively supported the instrumentation, informatics, service and process optimization, and has potentially increased laboratories' productivity and performance.

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Laboratory Information Management System Market - by Type:

Multipurpose
Purpose-Built

Laboratory Information Management System Market - by Component:

Software
Services

Laboratory Information Management System Market - by Deployment Model:

On-Premise
Remote
Cloud

Laboratory Information Management System Market - by End User:

Life Sciences
Petrochemical Refineries & Oil and Gas Industry
Chemical Industry
Environmental Testing Laboratories
Others (Forensics and Metals & Mining Laboratories)

Laboratory Information Management System Market – by Region

•North America
o U.S.
o Rest of North America
•Europe
o France
o The UK
o Spain
o Germany
o Italy
o Rest of Europe
•Asia Pacific
o China
o Japan
o India
o Southeast Asia
o Rest of Asia Pacific
•Middle East and Africa
oGCC Countries
o Southern Africa
o Rest of Middle East and Africa
•Latin America
o Brazil
o Rest of Latin America

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At Absolute Markets Insights, we are engaged in building both global as well as country specific reports. As a result, the approach taken for deriving the estimation and forecast for a specific country is a bit unique and different in comparison to the global research studies. In this case, we not only study the concerned market factors & trends prevailing in a particular country (from secondary research) but we also tend to calculate the actual market size & forecast from the revenue generated from the market participants involved in manufacturing or distributing the any concerned product. These companies can also be service providers. For analyzing any country specifically, we do consider the growth factors prevailing under the states/cities/county for the same. For instance, if we are analyzing an industry specific to United States, we primarily need to study about the states present under the same(where the product/service has the highest growth). Similar analysis will be followed by other countries. Our scope of the report changes with different markets.

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