Laboratory Information Management Systems LIMS Market 2024: Abbott Laboratories, Siemens, Roper Technologies, IBM, Thermo Fisher Scientific, McKesson Corporation, Illumina, Shimadzu Corp.

This report focuses on the Laboratory Information Management Systems LIMS Market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.

This report studies the Global Laboratory Information Management Systems LIMS Market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the Global Gaming Peripherals market by companies, region, type and end-use industry.

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Global LIMS Market in-depth analysis By Component (Services, Software), Product Type (Broad-Based LIMS, Industry-Specific LIMS), Delivery (On-Premise LIMS, Cloud-Based LIMS, Remotely Hosted LIMS), Industry Type (Biotech/Pharma, Chemical/Energy, Food and Beverage, Diagnostics/Medical Device, Consumer Products, CRO/CMO), Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025

Global laboratory information management systems (LIMS) 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 laboratory information management systems (LIMS) market accounting for a highest market share in 2017, followed by McKesson Corporation and Abbott other players in this market include are Siemens AG, Roper Technologies, Inc., IBM Corporation, PerkinElmer Inc., Illumina, Inc., Shimadzu Corporation, LabWare, LABWORKS among others.

Report Analysis:

The significant growth of the global LIMS market is due to factors such as increasing need of integration and data collection across laboratories and other healthcare infrastructures. Also the regulatory compliance is growing stringent and research labs are mandated to adhere to these guidelines. The rising acceptance of stem cell banking in Japan, Europe, U.S., China and some other developed nations is expected to bolster the growth of this market in the forecast period 2017 to 2024.

The global laboratory information management systems market is expected to grow owing to opportunities of cloud LIMS acceptance in developing economies and increasing demand of LIMS in academic labs and contract research organizations.

Drivers:

Growing use of LIMS to comply with stringent regulatory requirements, rising need for adoption of LIMS in various industries, technological advancements in LIMS services driving the market.

GROWING USE OF LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTS

Laboratory information management systems (LIMS) 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, LIMS 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.

The manufacturers are replacing the paper-based processes with the commercially available advanced and developed LIMS that are mainly designed for working with the regulatory agreement.

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The regulatory bodies such as FDA, FSMA, and HACCP are demanding more accurate and detailed safety control of the drug entrants for ensuring the safety of the final products to avoid the product recalls. So, the regulatory bodies need the advanced systems for the same. For instance, Element LIMS a systems launched by Promium offers uninterrupted process of managing the samples, analyzing data and reporting the results of the experiments. Element consists of the features that are developed for meeting the strict requirements and regulatory standards which include U.S. Environmental Protection Agency (EPA) and some other state, federal, provincial, territorial, and local organizations.

STARLIMS which is food and beverage LIMS solution developed by Abbott, comply with various regulatory standards including Food Safety Modernization Act (FSMA), Hazard Analysis and Critical Control Points (HACCP), Hazard Analysis and Risk-Based Preventive Controls (HARPC), Global Food Safety Initiative (GFSI), Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), CODEX, European Law, and, Code of Federal Regulations (21CFR) Part 11. The LIMS has wide range of usage such as accessing the whole sample history, display full audit trails, remove e-signature information, and many others.

The LIMS is used in various industries to comply with stringent regulations of the government bodies. The usage of the LIMS is growing nowadays due to increasing demand of more accurate and precise data by the regulatory bodies. So, to meet the rising demand of the LIMS in the industries, companies are developing many advanced and flexible systems which eventually drive the market growth of the LIMS across the globe.

RISING NEED FOR ADOPTION OF LIMS 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 LIMS helps in increasing the productivity and workflow without wasting much time on the system.

The LIMS 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.

LIMS is being used as an essential part of the modern water testing laboratory and it is an important consideration for the lab and infrastructure investments in metropolises, utilities and contract laboratories due to growing concerns related to water pollutions.

The food and beverage industry has been using the manual processes and paper based systems since many years. But due to advancement in the data management, these industries have started using the LIMS systems. LIMS solutions provide the list of benefits such as precise data management, quality assurance as compared to the traditional paper-based data collection and management methods. The LIMS enables the food producers in examining the whole production process, starting from the arrival of raw ingredients to the packaging of finished products. The safety of the consumers in the food industry is the major concern which makes it mandatory to use LIMS for the accurate and precise production of the food products.

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