Laboratory Information Management System (LIMS) Market Is Projected To Reach USD 1530.77 Million By 2030, Growing At A CAGR Of 6.70% From 2023 To 2030

Laboratory Information Management System (LIMS) Market size was valued at USD 861.27 Million in 2022 and is projected to reach USD 1530.77 Million by 2030, growing at a CAGR of 6.70% from 2023 to 2030.

It is projected that technological development and rising demand for lab automation will drive market demand. The market is expanding as a result of a growing emphasis on enhancing lab productivity. The market is comprehensively evaluated in the study on the global laboratory information management system (LIMS) industry. The research provides a thorough analysis of the market's key segments, trends, drivers, restraints, competitive environment, and other important elements.

Market Overview:

The global Laboratory Information Management System (LIMS) Market is expanding due to the rising frequency of chronic diseases. Furthermore, it is anticipated that rising laboratory automation demand and the development of integrated LIS will accelerate market expansion. Additionally, the global industry is being boosted by the expanding field of genome and DNA research. Private businesses and scholarly research have both contributed to the rapid growth of biotechnology. These technologies are mostly used in agriculture and medicine (for the production of antibiotics and vaccines).

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Additionally, the practise of medicine is beginning to shift as a result of our understanding of human sequence diversity. This will open the door for further LIMS applications. Additionally, mid-size and small enterprises are becoming more and more accustomed to cloud computing, which enables them to access application software through a high-speed internet connection. These are expected to favourably fuel the expansion of the worldwide LIMS market.

Global Laboratory Information Management System (LIMS) Market: Major Players
Abbott (STARLIMS)
Thermo Fisher
LabWare
Labworks (PerkinElmer)
LabVantage Solutions
NIPPON (SimpLabo)

Global Laboratory Information Management System (LIMS) Market: By Types
On-premise LIMS
Cloud-based LIMS

Global Laboratory Information Management System (LIMS) Market: By Applications
Healthcare Industries
Pharmaceutical and biotechnology industries
Biobanks/biorepositories
Contract Services Organizations (CROs and CMOs)
Academic research institutes
Petrochemical Refineries and Oil and Gas Industries
Chemical Industries
Food and Beverage and Agricultural Industries
Environmental Testing Laboratories
Metal and Mining Industries

Global Laboratory Information Management System (LIMS) Market: Regional Analysis

All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Laboratory Information Management System (LIMS) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Global Laboratory Information Management System (LIMS) Market: Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the size of the market and to estimate the size of various other dependent sub-markets of various marketspaces. The key players in the markets are identified through secondary research, and their market contributions in different applications across regions and globally were determined through primary and secondary research. This entire process included the study of the annual and financial reports of the top market players and extensive interviews for key insights with industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to arrive at the final quantitative and qualitative data. This data has been consolidated, and detailed inputs and analysis from Analytics Market Research added before being presented in this report.

The growth of the market as a whole will be hampered by a few obstacles and restrictions. The market growth is being constrained by reasons like high maintenance and service costs and a lack of integration standards for LIMS. Additionally, worries about the security and privacy of LIMS and sophisticated integrated systems could impede the development of the worldwide market as a whole. However, favourable growth opportunities are provided by technological advancements, the use of LIMS in the sector, and unrealized potential in emerging countries.

This report examines all the key factors influencing growth of global Laboratory Information Management System (LIMS) market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Laboratory Information Management System (LIMS) market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

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