Laboratory information management system (LIMS) market to grow by USD 897.05 million from 2022 to 2023 | Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC and more among the key companies in the market -Technavio

NEW YORK, Dec. 10, 2023 /PRNewswire/ -- Laboratory information management system (LIMS) market insights -

• Vendors: 15+, Including Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. among others
• Coverage: Key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: deployment (on-premise and cloud-based), component (software and services), and geography (North America, Europe, Asia, and Rest of World (ROW))

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The laboratory information management system (LIMS) market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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In 2017, the laboratory information management system (LIMS) market was valued at USD 897.05 million. From a regional perspective, North America held the largest market share, valued at USD 358.10 million. The laboratory information management system (LIMS) market size is estimated to grow by USD 907.08 million from 2022 to 2027 at a CAGR of 9.08% according to Technavio.

Laboratory information management system (LIMS) market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Global laboratory information management system (LIMS) market - Vendor insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -

• Accelerated Technology Laboratories Inc: The company offers a laboratory information management system (LIMS) that includes a consistent user interface across the entire application, and high configurability to allow numerous filtering options to allow users to see the data that is most important to them.
• Agile Frameworks LLC: The company offers a laboratory information management system (LIMS) that allows for managing samples with a chain-of-custody process, starting in the field with sample creation, to maintain consistency and compliance.
• Attune Technologies Pvt. Ltd: The company offers a laboratory information management system (LIMS) that is designed for lab owners and pathologists to help manage the daily operations of the lab efficiently and grow the business.

Global laboratory information management system (LIMS) market– Market dynamics

Major drivers – 

• Adherence to compliance and government regulations
• The rise in chronic diseases and the aging population
• High demand for bio-banking

KEY challenges – 

• Increasing data security and privacy concerns
• Issues with data migration from existing LIMS to new systems
• High implementation and maintenance costs

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

What are the key data covered in this laboratory information management system (LIMS) market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the laboratory information management system (LIMS) market between 2023 and 2027
• Precise estimation of the size of the laboratory information management system (LIMS) market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the laboratory information management system (LIMS) market across North America, Europe, Asia, and the Rest of World (ROW)
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of laboratory information management system (LIMS) market vendors

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TOC

1. Executive Summary
2. Market Landscape
3. Market Sizing
4. Historic Market Size
5. Five Forces Analysis
6. Market Segmentation by Deployment
7. Market Segmentaion by Component
8. Customer Landscape
9. Geographic Landscape
10. Drivers, Challenges, and Trends
11. Company Landscape
12. Company Analysis
13. Appendix

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SOURCE Technavio

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