Press release
Laboratory Information Management System (LIMS) Market worth $3.3 billion by 2028
Laboratory Information Management System (LIMS) Market in terms of revenue was estimated to be worth $1.6 billion in 2023 and is poised to reach $3.3 billion by 2028, growing at a CAGR of 14.6% from 2023 to 2028 according to a new report by MarketsandMarkets™. The growing popularity of cloud-based LIMS, use of LIMS industry, significant growth potential in emerging markets are some of the key factors that offer opportunities to the market during the forecast period. However, the dearth of trained professionals, and interfacing challenges with informatics software are some of the factors challenging the market growth to some extent.Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=250610373&utm_source=OPenpr&utm_medium=Paid&utm_campaign=Referral
Browse in-depth TOC on "Laboratory Information Management System (LIMS) Market"
161 - Tables
46 - Figures
254 - Pages
The cloud-based segment is expected to register a substantial growth in the laboratory information management systems market, by deployment mode
The cloud-based segment is expected to register a substantial growth in the laboratory information management systems market, by deployment mode. This growth can be attributed to advantages of this deployment model, such as cost-effectiveness and ease of use. Factors such as on-demand self-serving analytics, their highly adaptable nature, ease of use, affordability, reliability, no upfront capital investment for hardware, extreme capacity flexibility, and a pay-as-you-go pricing model have also ensured the high growth of cloud-based LIMS.
Asia is to witness a considerable growth rate during the forecast period.
The Asian market is projected to grow at a considerable CAGR during the forecast period. Factors such as increasing medical tourism, growing investments expected to bring about the creation of new market participants, growing emergence of various technologies, and the rising foreign direct investments by North American and European pharmaceutical and biotechnology firms in Asia are anticipated to drive the development of laboratory information management systems applications in the Asia Pacific region.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=250610373&utm_source=OPenpr&utm_medium=Paid&utm_campaign=Referral
Laboratory Information Management System (LIMS) Market
Dynamics:
Drivers:
Increasing focus on improving the efficiency of laboratories
Restraints:
Limited adoption of LIMS in small and medium-sized companies
Opportunities:
Significant growth in emerging markets
Challenges:
A dearth of trained professionals
Key Market Players:
LabWare (US), LabVantage Solutions Inc. (US), Thermo Fisher Scientific (US), Thermo Fisher Scientific Inc. (US), Agilent Technologies (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US), Accelerated Technology Laboratories (ATL) (US), CloudLIMS (US), Computing Solutions, Inc. (US), GenoLogics Inc. (an Illumina Company) (Canada), Siemens (Germany), Novatek International (Canada), Ovation (US), Clinsys (US) are the major players in this market. These companies are majorly focusing on the strategies such as agreements, collaborations, partnerships, and service launches in order to remain competitive and further increase their share in the market.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=250610373&utm_source=OPenpr&utm_medium=Paid&utm_campaign=Referral
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Laboratory Information Management System (LIMS) Market worth $3.3 billion by 2028 here
News-ID: 3276500 • Views: …
More Releases from MarketsandMarkets

Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…

With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…

Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…

Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for LIMS
Global LIMS Market Size & Analysis
According to a new market research report published by Global Market Estimates, the Global LIMS Market is expected to grow at a CAGR of 7.4% from 2023 to 2028.
The laboratory information management systems (LIMS) market is driven by several key factors including the increasing demand for efficient laboratory operations and data management. Laboratories across various industries, including healthcare, pharmaceuticals, biotechnology, and research, require streamlined processes for sample tracking, data management,…
Laboratory Information Management System (LIMS) Market
Global Laboratory Information Management System (LIMS) Market report from Global Insight Services is the single authoritative source of intelligence on Laboratory Information Management System (LIMS) Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market…
Laboratory Information Management System Software Market Size And Forecast | Qua …
Laboratory Information Management System Software Market size was valued at USD 0.89 Billion in 2020 and is projected to reach USD 2.23 Billion by 2028, growing at a CAGR of 12.20% from 2021 to 2028.
The Laboratory Information Management System Software Market report offers a wide range of information on various aspects of the industry such as Growth strategies, segmentation by product type, applications, regions, and key players. In addition to…
Global LIMS Market 2020 Business Strategies – Siemens SA, Labware, Star LIMS ( …
The market report titled “LIMS Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” and published by Zion Market Research will put forth a systematizedevaluation of the vital facets of the global LIMS market. The report willfunction as a medium for the better assessment of the existing and future situations of the global market. It will be offering a 360-degree framework of the competitive landscape and dynamics of…
Global LIMS Market 2020 Business Strategies – Siemens SA, Labware, Star LIMS ( …
The Zion Market Research added a new report “LIMS Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024” in its database, which provides an expert and in-depth analysis of key business trends and future market development prospects, key drivers and restraints, profiles of major market players, segmentation and forecasting.
LIMS Market Market research report which provides an in-depth examination of the market scenario regarding market size, share, demand, growth,…
LIMS SoftwareMarket Review with Demographic Data by Top Key Players Thermo Scien …
Biotechnological applications, LIMS assists Research and Development labs by integrating with instrumentation to provide automation to microarrays, gel electrophoresis, gene expression profiling etc. There is a significant difference between LIMS and LIS. LIMS is aimed to process and report data related to batches of samples from biology labs, drug trails, water treatment facilities. LIS designed for process and report the data related to individual patients. Global LIMS market is expected…