Analysis of the Western European Laboratory Information Management System Market

Cloud-based Technology and Increasing Need for Large Genetic and Molecular Testing Data Management to Drive the Market

Sep 15, 2015, 21:16 ET from ReportBuyer

LONDON, Sept. 15, 2015 /PRNewswire/ -- The research analyses the laboratory information management system (LIMS) market in Western Europe. It discusses the evolving market trends—the need for integration and the ever increasing sample data across labs in Western Europe. The study provides market overview, market engineering measurements, revenue forecasts, and company profiling. The study also provides the key trends for the LIMS market and its segments – thick-client (Web-enabled), thin-client (Web-based), and cloud-native LIMS. Regional analysis includes Western European countries such as the United Kingdom, Germany, France, Italy, Spain, Benelux, and Scandinavia. The study period is 2011–2021, with 2014 as the base year.

Methodology
For Market Engineering research, Frost & Sullivan uses tried and tested marketing techniques to provide structure to the research and an easy format to compare results
across different countries and markets over time. This project was carried out using primary (telephone or face-to-face interviews) and secondary (published and online material) research as principal methods of data gathering. The focus of the interviews for this project was primarily on the respondent types outlined below:

- Industry participants
- End users
- Key regulatory bodies
- Frost & Sullivan published research services
- Decision support databases
- Country industry forecasts
- Proprietary databases

Key Findings
- High level of laboratory information management system (LIMS) penetration in Europe has led to a mature market. Centralisation and consolidation of laboratories are a growing trend in most regions of Europe such as the United Kingdom, France, and Scandinavia downsizing the customer base of LIMS vendors.
- The European Union initiatives emphasise the need for patient health data sharing across regions. As a result, thin-client Web-based technology is gaining popularity.
- Thin-client and cloud-native LIMS segments are at the peak of their growth in Western Europe as adoption of these products is increasing across all the industries, especially in the life sciences industry.
- Rise in genetic and molecular testing in different regions of Europe, such as Italy and Scandinavian regions, will drive the LIMS market as there is an increased need for LIMS applications to support large sample data.
- Companies are investing in cloud-native LIMS, which will gradually replace traditional onsite installations.
- Thermo Fisher Scientific and Labware continue to dominate the market. However, other competitors such as Labvantage, STARLIMS, and regional vendors such as AGFA, CliniSys, Bio-ITech BV, and Odysis SA are also competing with comparable LIMS products for life sciences applications.
- Automated data management will experience significant growth; therefore, next generation LIMS solutions will be required to consolidate and integrate all aspects of laboratory data, manage sample logistics, data retrieval, and archiving.
- There is a growing trend towards integrated lab automation across Western Europe. Companies such as STARLIMS (Abbott Group) are integrating LIMS, electronic laboratory notebook (ELN), and scientific data management systems (SDMS) to consolidate data from all laboratory types into a single Web-based informatics platform.

Download the full report: https://www.reportbuyer.com/product/3036947/

About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
http://www.reportbuyer.com

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer



RELATED LINKS

http://www.reportbuyer.com