Laboratory Information Management System (LIMS) Market worth $1.7 billion by 2025 - Exclusive Report by MarketsandMarkets™

Laboratory Information Management System (LIMS) Market worth $1.7 billion by 2025 - Exclusive Report by MarketsandMarkets™

PR Newswire

CHICAGO, June 16, 2020

CHICAGO, June 16, 2020 /PRNewswire/ -- According to the new market research report "Laboratory Information Management System (LIMS) Market by Type (Broad, Industry-specific), Component (Software, Services), Delivery (On premise, Remote, Cloud), End User (CRO, Pharma, Biotech, Chemical, Agriculture, FnB, Oil, Gas) - Global Forecast to 2025", published by MarketsandMarkets™, the Global LIMS Market is projected to reach USD 1.7 billion by 2025 from USD 1.0 billion in 2020, at a CAGR of 12.1%.

MarketsandMarkets Logo

Request for PDF Brochure:

Growth in this market is driven by the increasing focus on improving the efficiency of laboratories, increasing use of LIMS to comply with stringent regulatory requirements, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and the growing adoption of cloud-based LIMS.

By type, the broad-based LIMS segment dominated the market in 2019

Based on type, the Laboratory Information Management System Market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based LIMS segment accounted for the largest market share in 2019 as these solutions provide users with significant room for customization and interpretation that can support multiple businesses across different geographic locations. Broad-based LIMS helps streamline laboratory workflow processes and improve decision-making and reporting; these advantages are expected to drive their uptake in the coming years.

Browse in-depth TOC on "Laboratory Information Management System (LIMS) Market"

169 – Tables
29 – Figures  
184 – Pages

The life sciences segment is expected to grow at the highest CAGR during the forecast period

Based on industry, the LIMS Market is segmented into life sciences, chemical, food & beverage and agriculture, environmental testing, petrochemical refineries and oil & gas, and other industries. The life sciences segment is projected to grow at the highest CAGR during the forecast period. Growth in this segment can primarily be attributed to the rise in outsourcing by pharmaceutical companies, rising stringency of regulatory mandates, increasing number of biobanks/biorepositories, and growing R&D investments/activities in pharmaceutical and biotechnology companies.

The on-premise LIMS segment commanded the largest share of the LIMS Market in 2019

Based on the deployment model, the Laboratory Information Management System Market is segmented into on-premise, cloud-based, and remotely hosted models. In 2019, the on-premise LIMS segment accounted for the largest share of the market. The large share of this segment is attributed to the fact that these solutions are more customizable and have minimum risk associated with data breaches and external attacks.

Get 10% Customization on this Research Report:

North America to dominate the Laboratory Information Management System Market

In 2019, North America held the largest share of the LIMS Market, followed by Europe. The large share of this geographical segment is attributed to the strong economies in the US and Canada, which have allowed for significant investments in new technologies, growth in biobanks, easy availability of LIMS products and services, and stringent regulatory requirements across industries.

LabWare (US), LabVantage Solutions (US), and Thermo Fisher Scientific (US) were the leading players in the global Laboratory Information Management System Market in 2019. Other major players include Abbott Informatics (US), LabLynx (US), Autoscribe Informatics (US), Agilent Technologies (US), Computing Solutions (US), GenoLogics (Canada), LABWORKS (US), Dassault Systèmes (France), Siemens (Germany), Accelerated Technology Laboratories (US), ApolloLIMS (US), Ovation (US), Novatek International (Canada), CloudLIMS (US), Eusoft (Italy), Horizon LIMS (US), and Promium (US).

Browse Adjacent Markets: Healthcare IT Market Research Reports & Consulting

Get Special Pricing on Bundle Reports:

Browse Related Reports:

Laboratory Information System Market by Product (Standalone, Integrated), Component (Services, Software), End-user (Hospital Labs, Independent Labs, Pols), Delivery Mode (On-Premise, Cloud-Based), Analysis - Global Forecast to 2024

Laboratory Informatics Market by Type of Solution (LIMS, ELN, ECM, SDMS), Component (Software, Service), Deployment, Industry (Pharmaceutical, Biotechnology, Chemical, Agriculture, Petrochemical, oil & gas) - Global Forecasts to 2024

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

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. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" 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.


Mr. Aashish Mehra
MarketsandMarkets INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Research Insight: 
Visit Our Website: 
Content Source:


Voltar noticias em Inglês