Pune, Maharashtra Feb 23, 2019 (Issuewire.com) - Global Laboratory Information Management System Industry was valued at USD 670 Million in the year 2017. Global Laboratory Information Management System Industry is further estimated to grow at a CAGR of 9.5 from 2019 to reach USD 1360.70 Million by the year 2025.
North America region holds the highest Industry share and European region is considered as the fastest growing Industry in the forecasted period. Strong economies of the US and Canada that allows a significant investment in new technologies, growth in biobanks, easy availability of LIMS products and services and stringent regulatory requirements across industries are the key factors driving the growth of the LIMS Industry in North America.
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Major market players in Laboratory Information Management System Industry are Labware, Thermo Fisher Scientific, Labvantage, Abbott Informatics, Computing Solutions, Lablynx, Labvantage, Labworks LLC, Siemens, Dassault Systèmes, and the brief overview of 10 companies is also provided in the report.
SWOT Analysis of Laboratory Information Management System Industry:
Strength:
Growing Use of LIMS to Comply With Stringent Regulatory Requirements
Growing Adoption of Cloud-Based LIMS
Weakness:
High Maintenance and Service Costs
Opportunities:
Use of LIMS in the Cannabis Industry
Significant Growth Potential in Emerging industries
Threats:
The dearth of Trained Professionals
The global Laboratory Information Management System Industry has been segmented into type, component, deployment model, industry, and region. Based on a component, the LIMS Industry is segmented into software and services. The services segment is expected to register the highest CAGR during the forecast period. Based on industry, the laboratory information management system Industry is segmented into life sciences, chemical, food & beverage and agriculture, environmental testing laboratories, petrochemical refineries and oil & gas, and other industries. By delivery model, the Industry is segmented into on-premise, cloud-based, and remotely hosted. The cloud-based segment is expected to register the highest CAGR during the forecast period.
Laboratory Information Management System Industry Segmentation:
By Industry
• Life Sciences Industry
• Food & Beverage and Agriculture Industries
• Petrochemical Refineries and the Oil & Gas Industry
• Environmental Testing
• Other Industries
By Components
• Services
• Software
By Deployment Mode
• On-Premise LIMS
• Cloud-Based LIMS
• Remotely Hosted LIMS
By Type
• Broad-Based LIMS
• Industry-Specific LIMS
By Region
• North America
o USA
o Canada
• Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
• APAC
o China
o India
o Japan
o Rest of Asia-Pacific
• RoW
o Latin America
o Middle East & Africa
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