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Global Laboratory Information Management Systems Market Report 2019: Market is Expected to Reach US$ 2.168 Bn in 2025 from US$ 481 Mn in 2017

/EIN News/ -- Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Laboratory Information Management Systems Market to 2025 - Global Analysis and Forecasts By Type, Deployment, Application, End User and Geography" report has been added to's offering.

The global laboratory information management systems market is expected to reach US$ 2,168.1 Mn in 2025 from US$ 481.8 Mn in 2017. The market is estimated to grow with a CAGR of 20.9% from 2018-2025.

Driving factors such as rising adoption of automation in laboratories and technological advancements in laboratory information management systems are expected to boost the market growth over the years. On the other hand potential market in the emerging nations is expected to offer significant growth opportunities to the market players to capitalize and expand its customer base in Asian and Latin American regions.

However, the shortage of skilled IT technicians and high costs of the LIMS are likely to have a negative impact on the growth of the market in the coming years. The amount of laboratory data that should be stored in a LIMS data base is an issue which is not easily settled. The inclusion of more data-intensive, higher-data-rate analyses into the LIMS is under active consideration.

In case of advanced laboratories, several instruments are attached to LIM data systems. The large data is stored, archived and accessed through internet based memory tools referred to as local area network (LAN). A difficult problem presented by this model is the lack of an agreed-upon standard for constructing a local area network. Several computer hardware vendors offer different solutions to the construction of a LAN, but no instrument vendor has offered this ability as part of the computerized intelligence of an analytical instrument.

There are several difficult specification decisions involved within the LAN solutions. The establishment of a laboratory LAN standard will allow LIMS designers to construct effective systems irrespective of the choices of instrument vendors made by the professional staff of the analytical laboratory. Thus, development and adoption of a standard for LAN-based laboratory information management systems is expected to be one of the prevalent trend in the market in the years to come.

Global laboratory information management systems market, based on the deployment was segmented into web-based delivery mode, cloud-based delivery mode and on-premise delivery mode. In 2017, web-based segment held the largest share of the market, by deployment. However, the cloud based segment is expected to grow at the fastest rate during the coming years owing to the better customization offered by these solutions as well as low risks associated with the cloud-based delivery mode.

Key Topics Covered:

1. Introduction
1.1 Scope of the Study
1.2 Research Report Guidance

2. Global Laboratory Information Management Systems Market - Key Takeaways

3. Global Laboratory Information Management Systems Market - Market Landscape
3.1 Overview
3.2 Market Segmentation

4. Global Laboratory Information Management Systems Market - Key Market Dynamics
4.1 Key Market Drivers
4.1.1 Rising Adoption of Automation In Laboratories
4.1.2 Technological Advancements In LIMS
4.2 Key Market Restraints
4.2.1 Shortage of Skilled It Technicians
4.2.2 High Costs of the Software
4.3 Key Market Opportunity
4.3.1 Emerging Markets
4.4 Future Trend
4.4.1 Development of LAN Standard For Laboratory Information Management Systems
4.5 Impact Analysis

5. Laboratory Information Management Systems Market - Global Analysis
5.1 Global Laboratory Information Management Systems Market Revenue Forecasts and Analysis
5.2 Global Laboratory Information Management Systems Market, by Geography - Forecasts and Analysis
5.3 Performance of Key Players
5.3.1 Thermo Fisher Scientific, Inc.
5.3.2 Abbott
5.4 Expert Opinions

6. Global Laboratory Information Management Systems Market Analysis& - by Type
6.1 Overview
6.2 Global Laboratory Information Management Systems Market, by Type 2017 & 2025 (%)
6.3 Standalone Market
6.4 Integrated Market

7. Global Laboratory Information Management Systems Market Analysis - by Deployment
7.1 Overview
7.2 On-Premise Delivery Mode Market
7.3 Web-Based Delivery Mode Market
7.4 Cloud-Based Delivery Mode Market

8. Global Laboratory Information Management Systems Market Analysis - by Component
8.1 Overview
8.2 Software Market
8.3 Services Market

9. Global Laboratory Information Management Systems Market Analysis - by Application
9.1 Overview
9.2 Sample Management Market
9.3 Workflow Automation Market
9.4 Logistics Management Market
9.5 Enterprise Resource Planning Market
9.6 Decision Making Market
9.7 Records Management Market

10. Global Laboratory Information Management Systems Market Analysis - by End User
10.1 Overview
10.2 Hospitals & Clinics Market
10.3 Pharmaceutical and Biotechnology Companies
10.4 Contract Research Organisations Market

Key Company Profiles

  • Thermo Fisher Scientific, Inc.
  • LabLynx, Inc.
  • Illumina, Inc.
  • Abbott
  • LabVantage Solutions, Inc.
  • Accelerated Technology Laboratories, Inc.
  • Autoscribe Informatics
  • LabSoft LIMS by Computing Solutions, Inc.
  • LabWare

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Related Topics: Information Management


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