PUNE, India, November 1, 2016 /PRNewswire/ --
According to a new market research report "Laboratory Information Management System/LIMS Market by Product (Broad, Industry-specific), Component (Software, Services), Delivery (On-premise, Remote, Cloud) & End User (CROs, CMO, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) - Forecasts to 2021" published by MarketsandMarkets, The global LIMS Market is expected to reach USD 901.6 Million by 2021 from an estimated value of USD 634.0 Million in 2016 growing at a CAGR of 7.3% during the forecast period.
Browse 163 market data Tables and 36 Figures spread through 189 Pages and in-depth TOC on "Laboratory Information Management System/LIMS Market"
Early buyers will receive 10% customization on this report.
This report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia, and the Rest of the World (RoW). Factors such as need for regulatory compliance; growing LIMS adoption in biobanks/biorepositories, academic research institutes, CROs, and CMOs; technological advancements; growing R&D expenditure in pharmaceutical and biotechnology companies, and growing awareness through conferences & forums are propelling the growth of this market. Moreover, cloud-based LIMS and potential in emerging geographies are expected to offer a wide range of growth opportunities for the LIMS Market. On the other hand, lack of integration standards and high maintenance cost & service expenses are the major factors that may limit growth of the market to a certain extent.
The LIMS Market is segmented on the basis of product type, deployment model, component, industry, and region. Based on product type, the market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based LIMS segment is expected to grow at the highest CAGR, as these systems are user-friendly, reduce total cost of ownership, provide faster return on investment, integrate seamlessly with other laboratory systems, and easily accessible throughout the enterprise.
Speak to our research experts:
Based on region, the LIMS Market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). In 2016, North America is expected to dominate the market, followed by Europe. The LIMS Market in the Asian region is in the nascent stage. However, it is expected to grow at the highest CAGR during the forecast period mainly due to the increasing R&D activities and the development of supporting infrastructure in research laboratories.
Prominent players in the Laboratory Information Management System/LIMS Market include Thermo Fisher Scientific Inc. (U.S.), LabWare, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), Abbott Informatics (U.S.), Core Informatics, LLC (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC (U.S.), GenoLogics (Canada), Computing Solutions, Inc. (U.S.), and Autoscribe Informatics (U.K.).
Browse Related Reports:
Lab Informatics Market by Product (CDS, EDC, LES, ECM, ELN, LIMS, SDMS), Component (Software, Services), Delivery (On-Premise, Hosted, Cloud) & Industry (CROs, Pharma, Biotechnology, Chemical, Petrochemical, F&B, Agriculture, Oil, Gas) -
Forecasts to 2021
Lab Automation Market by Equipment & Software (Robotic Arm, Microplate Readers, LIMS), Applications (Drug Discovery, Clinical Diagnostics), Type (Modular, Total Lab), & End Users (Biotechnology & Pharmaceuticals, Private Labs) - Global Forecasts to 2021
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Subscribe Reports from Healthcare Domain @
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/healthcareit
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets