Asia-Pacific LIMS Market to be Worth $383.7 Million by 2030

The Asia-Pacific LIMS Market is expected to grow at a CAGR of 8.4% from 2023 to 2030 to reach $383.7 million by 2030. A laboratory information management system (LIMS) is a software-based solution that supports laboratory operations. LIMS helps to integrate instruments, automate workflows, and manage samples & associated information. It helps to improve lab productivity and efficiency.

LIMS tracks and stores information about a sample from when it enters a laboratory until it has undergone processing. Nowadays, it has transformed into an enterprise resource planning tool that manages multiple aspects of laboratory informatics. Advantages include streamlined workflow, improved laboratory efficiency, elimination of human errors, support in regulatory compliance, inventory tracking, and increased revenue. The LIMS market has been transformed by incorporating artificial intelligence (AI), machine learning (ML), and advancement in biostatistics.

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Key Players:

The key players profiled in the Asia-Pacific LIMS market report are LabWare, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), LabVantage Solutions Inc. (U.S.), Agilent Technologies, Inc. (U.S.), Dassault Systèmes (France), STARLIMS Corporation (U.S.), Autoscribe Informatics (U.K.), Illumina, Inc. (U.S), Siemens AG (Germany), Novatek International (Canada), Agaram Technologies Pvt Ltd. (India), and Autoscribe Informatics (U.K.).

Asia-Pacific LIMS Market: Future Outlook

The Asia-Pacific LIMS Market is segmented based on Mode of Delivery [Web and Cloud-based LIMS and On-premise LIMS], Offering [Software and Services], Type [Multi-purpose LIMS and Purpose-built LIMS], End User (Life Sciences [Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Biobanks & Biorepositories, Contract Research Organizations (CROs), and Other Life Sciences End Users]), Food & Beverage Industry, Petrochemicals and Oil & Gas Industries, Chemical Industry, Environmental Testing Laboratories, and Other End Users]). The study also evaluates industry competitors and analyzes the market at the country level.

Based on offering, the Asia-Pacific LIMS market is segmented into software and services. In 2023, the software segment is expected to account for a larger share of the Asia-Pacific LIMS market. The large market share of this segment is attributed to the rising demand for laboratory automation, advancements in LIMS software technologies, and the growing requirement to seamlessly integrate LIMS software with existing laboratory systems.

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Based on mode of delivery, the Asia-Pacific LIMS market is segmented into web & cloud-based LIMS and on-premise LIMS. In 2023, the web & cloud-based LIMS is expected to account for the largest share of the Asia-Pacific LIMS market. The large market share of this segment can be attributed to cost-effectiveness, real-time analysis capabilities, easy access to data, internal and external data sharing, flexibility, and scalability offered by web & cloud-based LIMS.

Based on type, the Asia-Pacific LIMS market is segmented into multi-purpose LIMS and purpose-built LIMS. In 2023, the multi-purpose LIMS segment is expected to account for the largest share of the Asia-Pacific LIMS market. The large market share of this segment can be attributed to the benefits offered by multiple-purpose LIMS, such as reduced IT overheads, data standardization, and better collaborations across the organization. Furthermore, the flexibility and value-added modules these systems offer make them suitable for research and development labs, stability labs, environmental monitoring labs, quality testing labs, preclinical labs, and clinical trial testing labs.

Based on end user, the Asia-Pacific LIMS market is segmented into life sciences, food & beverage industry, petrochemicals and oil & gas industries, chemical industry, environmental testing laboratories, and other end users. In 2023, the life sciences segment is expected to account for the largest share of the Asia-Pacific LIMS market. The life sciences segment is further divided into pharmaceutical & biotechnology companies, academic & research institutes, biobanks & biorepositories, contract research organizations (CRO), and other life sciences end users. The large market share of this segment can be attributed to the increased regulatory pressures on pharmaceutical companies to maintain data integrity, validity, and security; rising R&D activities; and the growing need to improve laboratory productivity and cost efficiency.

Geographic Review:

This research report provides a comprehensive analysis of Japan, China, India, Australia, South Korea, Singapore, Indonesia, and the Rest of Asia-Pacific. In 2023, Japan is expected to account for the largest share of the Asia-Pacific LIMS market. The increasing government funding for research activities, increasing laboratory automation, better availability of technologically advanced laboratory informatics solutions, and the growing need to digitalize, streamline processes, and reduce the cost of error primarily drive the growth of this market.

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Key Questions Answered in the Report:

Which are the high-growth market segments in terms of mode of delivery, offering, type, end user, and countries?

What was the historical market for LIMS in Asia-Pacific?

What are the market forecasts and estimates for 2023-2030?

What are the major drivers, restraints, challenges, opportunities, and trends in the Asia-Pacific LIMS market?

Who are the major players in Asia-Pacific LIMS market?

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This release was published on openPR.