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LIMS (Laboratory Information Management Systems) Market to Extend at a CAGR of Around (10.2%) Expected to Reach USD 2.2 Billion During 2024

01-25-2018 12:20 PM CET | Health & Medicine

Press release from: Data Bridge Market Research

Global Laboratory Information Management Systems (LIMS) Market Trend 2024

Global Laboratory Information Management Systems (LIMS) Market Trend 2024

databridgemarketresearch.com added new report “Global Laboratory Information Management Systems (LIMS) Market” has accounted for USD 1,020.5 million in 2016 and is expected to reach USD 2.2 billion by 2024, growing at a CAGR of 10.2% in the forecasted period 2017 to 2024.The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Ask for Sample Report: http://databridgemarketresearch.com/request-a-sample/?dbmr=global-laboratory-information-management-systems-market

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.

Read More About Table of Content and Report Visit @ http://databridgemarketresearch.com/toc/?dbmr=global-laboratory-information-management-systems-market

Key Market Players:

Ardigen SA, Genologics (A Illumina Company), Thermo Fisher Scientific, Inc., AgileBio LLC, LabWare, Inc., Core Informatics, LLC, CloudLIMS, Abbott Informatics, Agaram Technologies Pvt Ltd, Schimadzu Corporation, LabVantage Solutions, Inc., LabLynx, Inc., PerkinElmer, Inc., Khemia Software, Inc., Bargal Analytical Instruments, Waters Corporation, Computing Solutions, Inc., Agilent Technologies, Inc. and Novatek International among others.

Segmentation of Global Laboratory Information Management Systems Market:

The global laboratory information systems market is segmented based on product type, deployment, component, industry and geography.

On the basis of product type the market is segmented into 2 product types commercial off the shelf LIMS (COTS) and legacy LIMS. COTS are the upcoming trend in the market and helps manufacturers to increase the availability of LIMS products in the market. In developed nations COTS is rapidly replacing the market for legacy LIMS, however the market for legacy LIMS is expected to have stagnant market in the forecast period.

Based on deployment the global LIMS market is segmented into 3 types such as on-premise, cloud based and web based modules. The deployment segment’s demand is different across geographies owing to availability and market spending varies in different economies. The web based LIMS will dominate the market and have significant growth in the major economies. However the cloud based LIMS segment is having a rapid growth in the emerging markets of Asia-Pacific and South America. The market is also segmented on the basis of components into software and services.

The usage of LIMS products and services is spread across multiple industries globally. In the report global LIMS market is segmented on the basis of industries such as life science, petrochemical, chemicals, food and beverages, environmental testing, forensics among others. The life science industry is further segmented into pharmaceutical, biotechnology, biobanking, contract service organizations (CRO), clinical research laboratories and academic research institutes.

Based on geography the global laboratory information systems market report is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising need of laboratory compliance, replacement of old manual technology with LIMS software, availability of products, government initiatives to downsize healthcare cost by increasing automation among others. Asia-pacific is the geographical revenue pocket in coming years with increasing research and development activities, increasing number of CRO and a growing pharmaceutical manufacturing dominance in this region.

Key questions answered in this report...........

What will the market size be in 2024 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

Read more about Report Visit @ http://databridgemarketresearch.com/reports/global-laboratory-information-management-systems-market/

Related Report

Global Digital Health Monitoring Market – Industry Trends and Forecast to 2024

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Report Access: http://databridgemarketresearch.com/reports/global-digital-health-monitoring-devices-market/

About Data Bridge Market Research:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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Data Bridge Market Research
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Investor: investors@databridgemarketresearch.com
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