Laboratory Information Management System Market Worth 1,133.5 Million USD By 2023

The Global laboratory information management system market will grow at a CAGR of 7.3% from 2018 to 2023 to reach USD 1,133.5 million by 2023, driven by various factors such as growing automation in laboratories, technological advancements in LIMS systems, growing need for regulatory compliance, and increasing R&D spending, and increasing awareness through conferences, seminars & workshops. Emerging economies such as Latin America, Asia-Pacific, and Middle East & Africa further provides significant potential for growth. Moreover, rapid adoption of cloud-based LIMS solutions provides immense growth opportunities for various stakeholders in the laboratory information management system market.

The laboratory information management system market is mainly categorized by type (multi-purpose LIMS, and purpose-built LIMS), mode of delivery (on-premise solutions, cloud-based solutions, and web-based solutions), component (services and software), end user (life sciences industry, food & beverage and agriculture industries, petrochemical and oil & gas industries, chemical testing laboratories, environmental testing laboratories, and others), and by geography.

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Scope of the report
• Market by type
• Market by Mode of Delivery
• Market by Component
• Market by End User
• Market by Geography

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Based on end user, life sciences industry commanded the largest share in the laboratory information management system market in 2017, mainly due to growing regulatory pressure to maintain data integrity, validity, and security. Moreover, increasing need to improve lab productivity and cost efficiency and trend towards automation is driving life sciences industries to invest in lab informatics.The study offers a comprehensive analysis of laboratory information management system market with respect to various segments on the basis of type, mode of delivery, component, and end user.
The major players in the global laboratory information management system market are Abbott Informatics (a subsidiary of Abbott Laboratories), Astrix Technology Group, Autoscribe Informatics, Blaze Systems Corporation, Computing Solutions, Incorporated (CSI) (LabSoft), Csols, Inc., Dassault Systemes SE, EuSoft Srl., Genohm SA, Genologics, Inc., (Illumina Company), Dohmen Company (HORIZON), Infosys Limited, LabLynx, Inc., LabVantage Solutions, Inc., LabWare, Inc., LabWorks LLC, Novatek International, Promium, LLC, Thermo Fisher Scientific Inc., and Waters Corporation, among others.

Key questions answered in the report-
• Which are the high growth market segments in terms of product, mode of delivery, component, end user, and regions/countries?
• What is the historical market for laboratory information management system market across the globe?
• What are the market forecasts and estimates from the period 2018-2023?
• What are the major drivers, restraints, opportunities, and challenges in the laboratory information management system market?
• Who are the major players in the laboratory information management system market and what share of the market do they hold?
• How is the competitive landscape?
• What are the recent developments in the laboratory information management system market?
• What are the different strategies adopted by the major players in the laboratory information management system market?
• What are the geographical trends and high growth regions/countries?
• Who are the local emerging players in the laboratory information management system market and how do they compete with the global players?

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