Laboratory Information Management System (LIMS) Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,Germany,UK,China,Japan - Size and Forecast 2023-2027

Published: Jan 2023 Pages: 161 SKU: IRTNTR41085

Laboratory Information Management System (LIMS) Market Forecast 2023-2027

The laboratory information management system (LIMS) market is estimated to grow by USD 907.08 million, at a CAGR of 9.08% between 2022 and 2027. 

The growth of the laboratory management system industry depends on several factors, including adherence to compliance and government regulations, the rise in chronic diseases and the aging population, and the high demand for bio-banking. LIMS, a type of software solution, is used to manage large quantities of samples and data of a modern laboratory. The LIMS can effectively reduce the workload of modern labs by enforcing standard workflows. The market is known for its vibrant atmosphere and bustling energy. Therefore, it improves the work efficiency of the laboratory.

What will be the size of the Laboratory Information Management System (LIMS) Market During the Forecast Period?

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Market Dynamic

 

Analytics is a crucial solution in the laboratory industry, enhancing automation and efficiency. It manages sample tracking and ensures compliance and quality. Through seamless integration with instruments, it streamlines workflow and facilitates data analysis. LIMS plays a pivotal role in improving productivity by optimizing technology utilization and providing robust informatics capabilities. As laboratories strive for higher standards, a reliable LIMS becomes indispensable for driving advancements and maintaining competitiveness in the ever-evolving laboratory landscape. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Drivers

Adherence to compliance and government regulations is the major driver affecting the growth of the laboratory management system (LIMS) market. Industries, such as food and beverages and healthcare, need to comply with strict government regulations. This has resulted in laboratories automating the handling of data to remove the risks associated with misuse and erroneous analysis of data. The regulations also demand easy accessibility and secure storage of data for a long period of time.

This increases IT spending in laboratories and boosts the adoption. Other such regulations include ISO 17025, ISO 17020, ISO 15181, Clinical Labs Improvement Amendments, and Good Automated Manufacturing Practice. Such regulations are put in place to ensure that a laboratory is following all the proper procedures. The above factors will increase the market growth during the forecast period.

Significant Market Trends

The emergence of Saas-based LIMS is the major trend driving the growth of the market. The high demand for bio-banking is another major factor supporting the market share growth. The bio-bank plays a critical role in research and requires a LIMS solution to effectively manage and track data quality, bio-species location, security, compliances, end-user billing, and patient demographics.

This helps in improving the sampling of data that involves different laboratories, FDA, and partner organizations and in integrating research information. These factors will facilitate market growth during the forecast period.

Major Market Challenges

Increasing data security and privacy concerns are the major hindrances to the growth of the market. Many business organizations prefer cloud-based solutions to on-premises solutions because of their cost-effectiveness and ease of accessibility. Thus, cost-effective cloud deployment with better features and agility is the best option for such organizations. The cloud has become an integral part of IT in government healthcare agencies.

The benefits of cloud-based solutions include low upfront costs, simplified management of software maintenance and upgrades, effective security, high reliability, and integrative capabilities to connect functional gaps in existing systems and processes. Thus, the implementation and the data stored in the cloud are likely to be leaked, which, in turn, hampers the growth of the market.

Market Segmentation

The market share growth by the on-premise segment will be significant during the forecast period. LIMS, generally deployed on-premises, provides better data security with high control compared to that of cloud-based deployment. This will facilitate market growth during the forecast period.

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The on-premise segment was valued at USD 582.54 million in 2017 and continued to grow by 2021. The on-premises model requires large investments in infrastructure. Further, this system lacks flexibility, which is one of the major factors for a product to be competitive in the market. Moreover, owing to the high cost associated with its maintenance, firms are looking for an alternative solution. Such factors are expected to reduce its demand in the market during the forecast period. However, owning and maintaining a server increases the perceived level of data security. Hence, large firms with enough resources are less likely to shift to other solutions.

Regional Analysis

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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The infrastructural capabilities of vendors in the North American market are driving the adoption of LIMS across laboratories in the US. Due to technological advances and an increase in the use of digital solutions and tools, information management systems have become an integral part of modern research and observation centers. Further, the evolution of artificial intelligence and machine learning has increased efficiency and productivity by smoothening the decision-making process. Such factors will increase the market growth during the forecast period.

Customer Landscape

This market growth and trends includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.

Global Market Customer Landscape

Major Companies

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Abbott Laboratories - The company offers a LIMS that promotes health and well-being for people in all stages of life where one can search by all products, business areas, or pharmaceutical therapy areas.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 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.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

This market is experiencing significant growth driven by the adoption of cloud-based LIMS solutions, which offer enhanced flexibility and scalability while reducing the total cost of ownership.They increasingly relied upon by organizations to manage data effectively, requiring technical expertise to address interoperability issues and ensure seamless integration. Solutions are instrumental in improving the efficiency of laboratories and streamlining processes for biobanking applications and the management of biosamples. Compliance with regulatory requirements and support for translational research are critical features of modern LIMS platforms, which often include dedicated biobanking modules and enable paperless informatics. With a robust software platform and flexible ERP integration, can accommodate various hardware configurations, including barcode scanners and label printers, to meet the needs and budget constraints of diverse laboratories.

Validation and documentation are crucial aspects for small and medium-sized biopharma companies, especially with the adoption of ERP (Enterprise Resource Planning) systems. The implementation solutions are becoming increasingly prevalent among these companies, particularly in emerging countries undergoing industrialization. With improvements in healthcare infrastructure, research and development activities have surged, emphasizing the need for quality control adoption. Effective data management is essential for developments in economies, boosting the popularity of quality control across sectors. Analyzing data integrity is pivotal for ensuring the accuracy of laboratory operations, aligning with integration standards and enhancing knowledge in various fields. Drug discovery, laboratory automation, and education technology play significant roles in advancing the capabilities of modern laboratories.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented as follows:

  • Deployment Outlook
    • On-premise
    • Cloud-based
  • Component Outlook
    • Software
    • Services
  • Region Outlook
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
    • ROW
      • Argentina
      • Australia
      • Rest of the world

Market Scope

Report Coverage

Details

Page number

161

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.08%

Market growth 2023-2027

USD 907.08 million

Market structure

Fragmented

YoY growth 2022-2023(%)

10.89

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Germany, UK, China, and Japan

Competitive landscape

 Leading Vendors, Market Trends and Analysis, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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.

Market dynamics

Parent market analysis, Market Forecasting ,Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research and Growth Report?

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

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global laboratory information management system (LIMS) market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global laboratory information management system (LIMS) market 2017 - 2021 ($ million)
    • 4.2 Deployement Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Deployement Segment 2017 - 2021 ($ million)
    • 4.3 Component Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Deployment

    • 6.1 Market segments
      • Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)
    • 6.2 Comparison by Deployment
      • Exhibit 32: Chart on Comparison by Deployment
      • Exhibit 33: Data Table on Comparison by Deployment
    • 6.3 On-premise - Market size and forecast 2022-2027
      • Exhibit 34: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on On-premise - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on On-premise - Year-over-year growth 2022-2027 (%)
    • 6.4 Cloud-based - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Deployment
      • Exhibit 42: Market opportunity by Deployment ($ million)

    7 Market Segmentation by Component

    • 7.1 Market segments
      • Exhibit 43: Chart on Component - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Component - Market share 2022-2027 (%)
    • 7.2 Comparison by Component
      • Exhibit 45: Chart on Comparison by Component
      • Exhibit 46: Data Table on Comparison by Component
    • 7.3 Software - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Software - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Software - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Software - Year-over-year growth 2022-2027 (%)
    • 7.4 Services - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Services - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Services - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Services - Year-over-year growth 2022-2027 (%)
    • 7.5 Market opportunity by Component
      • Exhibit 55: Market opportunity by Component ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 57: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 59: Chart on Geographic comparison
      • Exhibit 60: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 77: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 UK - Market size and forecast 2022-2027
      • Exhibit 85: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.10 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.11 Japan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 97: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 98: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 99: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 100: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 101: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 102: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 103: Matrix on vendor position and classification
            • 12.3 Abbott Laboratories
              • Exhibit 104: Abbott Laboratories - Overview
              • Exhibit 105: Abbott Laboratories - Business segments
              • Exhibit 106: Abbott Laboratories - Key news
              • Exhibit 107: Abbott Laboratories - Key offerings
              • Exhibit 108: Abbott Laboratories - Segment focus
            • 12.4 Accelerated Technology Laboratories Inc.
              • Exhibit 109: Accelerated Technology Laboratories Inc. - Overview
              • Exhibit 110: Accelerated Technology Laboratories Inc. - Product / Service
              • Exhibit 111: Accelerated Technology Laboratories Inc. - Key news
              • Exhibit 112: Accelerated Technology Laboratories Inc. - Key offerings
            • 12.5 Agile Frameworks LLC
              • Exhibit 113: Agile Frameworks LLC - Overview
              • Exhibit 114: Agile Frameworks LLC - Product / Service
              • Exhibit 115: Agile Frameworks LLC - Key offerings
            • 12.6 Attune Technologies Pvt. Ltd.
              • Exhibit 116: Attune Technologies Pvt. Ltd. - Overview
              • Exhibit 117: Attune Technologies Pvt. Ltd. - Product / Service
              • Exhibit 118: Attune Technologies Pvt. Ltd. - Key offerings
            • 12.7 Autoscribe Informatics
              • Exhibit 119: Autoscribe Informatics - Overview
              • Exhibit 120: Autoscribe Informatics - Product / Service
              • Exhibit 121: Autoscribe Informatics - Key offerings
            • 12.8 Benchling Inc.
              • Exhibit 122: Benchling Inc. - Overview
              • Exhibit 123: Benchling Inc. - Product / Service
              • Exhibit 124: Benchling Inc. - Key offerings
            • 12.9 Broughton Software Ltd.
              • Exhibit 125: Broughton Software Ltd. - Overview
              • Exhibit 126: Broughton Software Ltd. - Product / Service
              • Exhibit 127: Broughton Software Ltd. - Key offerings
            • 12.10 Eusoft Ltd.
              • Exhibit 128: Eusoft Ltd. - Overview
              • Exhibit 129: Eusoft Ltd. - Product / Service
              • Exhibit 130: Eusoft Ltd. - Key offerings
            • 12.11 Illumina Inc.
              • Exhibit 131: Illumina Inc. - Overview
              • Exhibit 132: Illumina Inc. - Business segments
              • Exhibit 133: Illumina Inc. - Key news
              • Exhibit 134: Illumina Inc. - Key offerings
              • Exhibit 135: Illumina Inc. - Segment focus
            • 12.12 LabLynx Inc.
              • Exhibit 136: LabLynx Inc. - Overview
              • Exhibit 137: LabLynx Inc. - Product / Service
              • Exhibit 138: LabLynx Inc. - Key offerings
            • 12.13 LabVantage Solutions Inc.
              • Exhibit 139: LabVantage Solutions Inc. - Overview
              • Exhibit 140: LabVantage Solutions Inc. - Product / Service
              • Exhibit 141: LabVantage Solutions Inc. - Key offerings
            • 12.14 LabWare Inc.
              • Exhibit 142: LabWare Inc. - Overview
              • Exhibit 143: LabWare Inc. - Product / Service
              • Exhibit 144: LabWare Inc. - Key offerings
            • 12.15 Labworks LLC
              • Exhibit 145: Labworks LLC - Overview
              • Exhibit 146: Labworks LLC - Product / Service
              • Exhibit 147: Labworks LLC - Key offerings
            • 12.16 Shimadzu Corp.
              • Exhibit 148: Shimadzu Corp. - Overview
              • Exhibit 149: Shimadzu Corp. - Business segments
              • Exhibit 150: Shimadzu Corp. - Key news
              • Exhibit 151: Shimadzu Corp. - Key offerings
              • Exhibit 152: Shimadzu Corp. - Segment focus
            • 12.17 Thermo Fisher Scientific Inc.
              • Exhibit 153: Thermo Fisher Scientific Inc. - Overview
              • Exhibit 154: Thermo Fisher Scientific Inc. - Business segments
              • Exhibit 155: Thermo Fisher Scientific Inc. - Key news
              • Exhibit 156: Thermo Fisher Scientific Inc. - Key offerings
              • Exhibit 157: Thermo Fisher Scientific Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 158: Inclusions checklist
                • Exhibit 159: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 160: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 161: Research methodology
                • Exhibit 162: Validation techniques employed for market sizing
                • Exhibit 163: Information sources
              • 13.5 List of abbreviations
                • Exhibit 164: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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