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Global Laboratory Information Management System (LIMS) Market to reach USD XX billion by the end of 2030.

Global Laboratory Information Management System (LIMS) Market Size study & Forecast, by Type (Broad-based LIMS, Industry-specific LIMS), by Component (Software, Services), by Deployment Model (On-premise LIMS, Cloud LIMS, Remotely Hosted LIMS), by Industry (Life Sciences, Food & Beverage and Agriculture, Other Industries) and Regional Analysis, 2023-2030

Product Code: HLSHIT-81253723
Publish Date: 10-01-2024
Page: 200

Global Laboratory Information Management System (LIMS) Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% during the forecast period 2023-2030. Laboratory Information Management System (LIMS) is a software-based solution designed to manage and streamline operations and data management within a laboratory environment. LIMS is used to track, manage, and organize laboratory samples, data, and associated information throughout the entire laboratory workflow. The primary goal of a LIMS is to improve efficiency, data integrity, and compliance with regulatory requirements in laboratory settings. The key factors driving the market growth are increasing demand for automated data management, stringent regulatory requirements, and a growing focus on personalized medicine that is anticipated to support the market growth.

Additionally, the trend towards personalized medicine requires sophisticated data management solutions. LIMS supports personalized medicine initiatives by facilitating the collection, analysis, and management of patient-specific data. Thus, the growing trend towards personalized medicine is anticipated to support the market growth. According to Statista, in 2019 the global personalized medicine market was valued at USD 1,980 billion and in 2022 the number reached USD 2770 billion. As a result, the growing personalized medicine demand is anticipated to support the market growth. Moreover, technological advancements in LIMS offerings are anticipated to create a lucrative opportunity for the market over projected period. However, the high maintenance & service costs, and limited adoption of LIMS in small and medium-sized companies stifle market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Laboratory Information Management System (LIMS) Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased R&D expenditure, rising awareness of lab automation, increasing food & beverage production, and presence of key market players. Whereas, the Asia Pacific is expected to grow with the highest CAGR over the forecast period, owing to factors such as the growing pharmaceutical industry, increasing research and development activities, rising healthcare expenditure, and stringent regulatory compliance.

Major market player included in this report are:
LabWare (US)
LabVantage Solutions Inc. (US)
Abbott Laboratories
Thermo Fisher Scientific Inc. (US)
Agilent Technologies, Inc (US)
LabLynx, Inc. (US)
Dassault Systèmes (France)
Labworks LLC (US)
Accelerated Technology Laboratories, Inc (ATL) (US),
Computing Solutions, Inc. (US)

Recent Developments in the Market:
Ø In October 2022, LabVantage Solutions, Inc. based in the United States and Biomax Informatics AG from Germany officially finalized their merger agreement. This strategic merger is geared towards elevating the contextualization of scientific data, expediting the development of products, and introducing innovative capabilities tailored for the life science and bio-manufacturing sectors.

Global Laboratory Information Management System (LIMS) Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Component, Deployment Model, Industry, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Broad-based LIMS
Industry-specific LIMS

By Component:
Software
Services

By Deployment Model:
On-premise LIMS
Cloud LIMS
Remotely Hosted LIMS

By Industry:
Life Sciences
Food & Beverage and Agriculture
Petrochemicals And Oil & Gas
Chemicals
Environmental Testing
Forensics
Other Industries

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Laboratory Information Management System (LIMS) Market, by Region, 2020-2030 (USD Billion)
1.2.2. Laboratory Information Management System (LIMS) Market, by Type, 2020-2030 (USD Billion)
1.2.3. Laboratory Information Management System (LIMS) Market, by Component, 2020-2030 (USD Billion)
1.2.4. Laboratory Information Management System (LIMS) Market, by Deployment Model, 2020-2030 (USD Billion)
1.2.5. Laboratory Information Management System (LIMS) Market, by Industry, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Laboratory Information Management System (LIMS) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Laboratory Information Management System (LIMS) Market Dynamics
3.1. Laboratory Information Management System (LIMS) Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing demand for automated data management
3.1.1.2. Stringent regulatory requirements
3.1.1.3. Growing focus on personalized medicine
3.1.2. Market Challenges
3.1.2.1. High maintenance and service costs
3.1.2.2. Limited adoption of LIMS in small and medium-sized companies
3.1.3. Market Opportunities
3.1.3.1. Technological Advancements in LIMS Offerings
3.1.3.2. Growing R&D expenditure in pharmaceutical and biotechnology companies
Chapter 4. Global Laboratory Information Management System (LIMS) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Laboratory Information Management System (LIMS) Market, by Type
5.1. Market Snapshot
5.2. Global Laboratory Information Management System (LIMS) Market by Type, Performance – Potential Analysis
5.3. Global Laboratory Information Management System (LIMS) Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Laboratory Information Management System (LIMS) Market, Sub Segment Analysis
5.4.1. Broad-based LIMS
5.4.2. Industry-specific LIMS
Chapter 6. Global Laboratory Information Management System (LIMS) Market, by Component
6.1. Market Snapshot
6.2. Global Laboratory Information Management System (LIMS) Market by Component, Performance – Potential Analysis
6.3. Global Laboratory Information Management System (LIMS) Market Estimates & Forecasts by Component 2020-2030 (USD Billion)
6.4. Laboratory Information Management System (LIMS) Market, Sub Segment Analysis
6.4.1. Software
6.4.2. Services
Chapter 7. Global Laboratory Information Management System (LIMS) Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Laboratory Information Management System (LIMS) Market by Deployment Model, Performance – Potential Analysis
7.3. Global Laboratory Information Management System (LIMS) Market Estimates & Forecasts by Deployment Model 2020-2030 (USD Billion)
7.4. Laboratory Information Management System (LIMS) Market, Sub Segment Analysis
7.4.1. On-premise LIMS
7.4.2. Cloud LIMS
7.4.3. Remotely Hosted LIMS
Chapter 8. Global Laboratory Information Management System (LIMS) Market, by Industry
8.1. Market Snapshot
8.2. Global Laboratory Information Management System (LIMS) Market by Industry, Performance – Potential Analysis
8.3. Global Laboratory Information Management System (LIMS) Market Estimates & Forecasts by Industry 2020-2030 (USD Billion)
8.4. Laboratory Information Management System (LIMS) Market, Sub Segment Analysis
8.4.1. Life Sciences
8.4.2. Food & Beverage and Agriculture
8.4.3. Petrochemicals And Oil & Gas
8.4.4. Chemicals
8.4.5. Environmental Testing
8.4.6. Forensics
8.4.7. Other Industries
Chapter 9. Global Laboratory Information Management System (LIMS) Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Laboratory Information Management System (LIMS) Market, Regional Market Snapshot
9.4. North America Laboratory Information Management System (LIMS) Market
9.4.1. U.S. Laboratory Information Management System (LIMS) Market
9.4.1.1. Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Component breakdown estimates & forecasts, 2020-2030
9.4.1.3. Deployment Model breakdown estimates & forecasts, 2020-2030
9.4.1.4. Industry breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Laboratory Information Management System (LIMS) Market
9.5. Europe Laboratory Information Management System (LIMS) Market Snapshot
9.5.1. U.K. Laboratory Information Management System (LIMS) Market
9.5.2. Germany Laboratory Information Management System (LIMS) Market
9.5.3. France Laboratory Information Management System (LIMS) Market
9.5.4. Spain Laboratory Information Management System (LIMS) Market
9.5.5. Italy Laboratory Information Management System (LIMS) Market
9.5.6. Rest of Europe Laboratory Information Management System (LIMS) Market
9.6. Asia-Pacific Laboratory Information Management System (LIMS) Market Snapshot
9.6.1. China Laboratory Information Management System (LIMS) Market
9.6.2. India Laboratory Information Management System (LIMS) Market
9.6.3. Japan Laboratory Information Management System (LIMS) Market
9.6.4. Australia Laboratory Information Management System (LIMS) Market
9.6.5. South Korea Laboratory Information Management System (LIMS) Market
9.6.6. Rest of Asia Pacific Laboratory Information Management System (LIMS) Market
9.7. Latin America Laboratory Information Management System (LIMS) Market Snapshot
9.7.1. Brazil Laboratory Information Management System (LIMS) Market
9.7.2. Mexico Laboratory Information Management System (LIMS) Market
9.8. Middle East & Africa Laboratory Information Management System (LIMS) Market
9.8.1. Saudi Arabia Laboratory Information Management System (LIMS) Market
9.8.2. South Africa Laboratory Information Management System (LIMS) Market
9.8.3. Rest of Middle East & Africa Laboratory Information Management System (LIMS) Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. LabWare (US)
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. LabVantage Solutions Inc. (US)
10.3.3. Thermo Fisher Scientific (US)
10.3.4. Abbott Laboratories
10.3.5. Agilent Technologies Inc (US)
10.3.6. LabLynx, Inc. (US)
10.3.7. Dassault Systèmes (France)
10.3.8. Labworks LLC (US)
10.3.9. Accelerated Technology Laboratories Inc (ATL) (US)
10.3.10. Computing Solutions, Inc. (US)
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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