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Laboratory Information Management System (LIMS) Market by Deployment and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR41085
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The laboratory information management system (LIMS) market share is expected to increase by USD 705.85 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 9.34%. This laboratory information management system (LIMS) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The laboratory information management system (LIMS) market report also offers information on several market vendors, including Abbott Laboratories, Autoscribe Informatics, Computing Solutions Inc., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. among others. Furthermore, this report extensively covers laboratory information management system (LIMS) market segmentation by deployment (on-premise LIMS and cloud-based LIMS) and geography (North America, Europe, APAC, South America, and MEA).

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

Laboratory Information Management System (LIMS) Market Size

Download the Free Report Sample to Unlock the Laboratory Information Management System (LIMS) Market Size for the Forecast Period and Other Important Statistics

 

Laboratory Information Management System (LIMS) Market: Key Drivers, Trends, and Challenges

The adherence to compliance and government regulations is notably driving the laboratory information management system (LIMS) market growth, although factors such as the increasing data security and privacy concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the laboratory information management system (LIMS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Laboratory Information Management System (LIMS) Market Driver

 

Adherence to compliance and government regulations is the major driver affecting the growth of laboratory information 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 the IT spending in laboratories and boosts the adoption of LIMS. Other such regulations include ISO 17025, ISO 17020, ISO 15181, Clinical Laboratory Improvement Amendments and Good Automated Manufacturing Practice Such regulations are put in place to ensure that a laboratory is following all the proper procedures.

Key Laboratory Information Management System (LIMS) Market Trend

 

The emergence of Saas-based LIMS is the major trend driving the growth of the laboratory information management system (lims) market.The high demand for bio-banking is another major factor supporting the laboratory information management system (LIMS) 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.LIMS help in improving the sampling of data that involves different laboratories, FDA, and partner organizations and in integrating research information.

Key Laboratory Information Management System (LIMS) Market Challenge

 

Increasing data security and privacy concerns is the major hindrance to the growth of the laboratory information management system (lims) 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 of LIMS and the data stored in the cloud are likely to be leaked, which, in turn, hampers the growth of the market.

This laboratory information management system (LIMS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorises global LIMS market as a part of global system software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the laboratory information management system (LIMS) market during the forecast period.

Who are the Major Laboratory Information Management System (LIMS) Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • Abbott Laboratories
  • Autoscribe Informatics
  • Computing Solutions Inc.
  • Illumina Inc.
  • LabLynx Inc.
  • LabVantage Solutions Inc.
  • LabWare Inc.
  • PerkinElmer Inc.
  • Shimadzu Corp.
  • Thermo Fisher Scientific Inc.

 

This statistical study of the laboratory information management system (LIMS) market encompasses successful business strategies deployed by the key vendors. The laboratory information management system (LIMS) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The laboratory information management system (LIMS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Laboratory Information Management System (LIMS) Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the laboratory information management system (LIMS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Laboratory Information Management System (LIMS) Market?

Laboratory Information Management System (LIMS) Market Market segmentation by region

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41% of the market's growth will originate from North America during the forecast period. US, Germany, Canada, and China are the key markets for market in North America. Market growth in this region will be faster than the growth of the market in regions.

The technological advances and the increase in the use of digital solutions and tools, information management systems will facilitate the market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The increasing prevalence of COVID-19 is also one of the key factors driving the demand for LIMS software in the region. As the COVID-19 pandemic continued to spread rapidly, a few major biotech companies, including Moderna Inc. and Pfizer Inc., already started providing vaccines. Therefore, these vaccination drives are expected to positively impact the growth of the LIMS market in the region. Several governments in the region are preparing to distribute COVID-19 vaccines, and the related vaccination data will be managed by various laboratories through LIMS software. Such factors are expected to propel market growth in the region during the forecast period.

What are the Revenue-generating Deployment Segments in the Laboratory Information Management System (LIMS) Market?

Laboratory Information Management System (LIMS) Market Segmentation

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The market share growth by the segments LIMS 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. Large firms with enough resources are less likely to shift to other solutions. as owning and maintaining a server increases the perceived level of data security.

This report provides an accurate prediction of the contribution of all the segments to the growth of the laboratory information management system (LIMS) market size and actionable market insights on post COVID-19 impact on each segment.

 

Laboratory Information Management System (LIMS) Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9.34%

Market growth 2021-2025

$ 705.85 million

Market structure

Fragmented

YoY growth (%)

8.35

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 41%

Key consumer countries

US, Germany, Canada, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Abbott Laboratories, Autoscribe Informatics, Computing Solutions Inc., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.

Market dynamics

Parent market analysis, 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 the forecast period

Customization purview

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What are the Key Data Covered in this Laboratory Information Management System (LIMS) Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive laboratory information management system (LIMS) market growth during the next five years
  • Precise estimation of the laboratory information management system (LIMS) market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory information management system (LIMS) industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of laboratory information management system (LIMS) market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value chain analysis: System software

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 - 2025
    • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Deployment

  • 5.1 Market segments
    • Exhibit 15: Deployment - Market share 2020-2025 (%)
  • 5.2 Comparison by Deployment
    • Exhibit 16: Comparison by Deployment
  • 5.3 On-premise LIMS - Market size and forecast 2020-2025
    • Exhibit 17: On-premise LIMS - Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: On-premise LIMS - Year-over-year growth 2020-2025 (%)
  • 5.4 Cloud-based LIMS - Market size and forecast 2020-2025
    • Exhibit 19: Cloud-based LIMS - Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Cloud-based LIMS - Year-over-year growth 2020-2025 (%)
  • 5.5 Market opportunity by Deployment
    • Exhibit 21: Market opportunity by Deployment

6 Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 23: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 24: Geographic comparison
  • 7.3 North America - Market size and forecast 2020-2025
    • Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
  • 7.4 Europe - Market size and forecast 2020-2025
    • Exhibit 27: Europe - Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
  • 7.5 APAC - Market size and forecast 2020-2025
    • Exhibit 29: APAC - Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: APAC - Year-over-year growth 2020-2025 (%)
  • 7.6 South America - Market size and forecast 2020-2025
    • Exhibit 31: South America - Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
  • 7.7 MEA - Market size and forecast 2020-2025
    • Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 35: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 36: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 37: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 38: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 39: Landscape disruption
    • Exhibit 40: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 41: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 42: Market positioning of vendors
  • 10.3 Abbott Laboratories
    • Exhibit 43: Abbott Laboratories - Overview
    • Exhibit 44: Abbott Laboratories - Business segments
    • Exhibit 45: Abbott Laboratories - Key News
    • Exhibit 46: Abbott Laboratories - Key offerings
    • Exhibit 47: Abbott Laboratories - Segment focus
  • 10.4 Accelerated Technology Laboratories Inc.
  • 10.5 Autoscribe Informatics
    • Exhibit 52: Autoscribe Informatics - Overview
    • Exhibit 53: Autoscribe Informatics - Product and service
    • Exhibit 54: Autoscribe Informatics - Key offerings
  • 10.6 Illumina Inc.
    • Exhibit 55: Illumina Inc. - Overview
    • Exhibit 56: Illumina Inc. - Product and service
    • Exhibit 57: Illumina Inc. - Key News
    • Exhibit 58: Illumina Inc. - Key offerings
  • 10.7 LabLynx Inc.
    • Exhibit 59: LabLynx Inc. - Overview
    • Exhibit 60: LabLynx Inc. - Product and service
    • Exhibit 61: LabLynx Inc. - Key offerings
  • 10.8 LabVantage Solutions Inc.
    • Exhibit 62: LabVantage Solutions Inc. - Overview
    • Exhibit 63: LabVantage Solutions Inc. - Product and service
    • Exhibit 64: LabVantage Solutions Inc. - Key offerings
  • 10.9 LabWare Inc.
    • Exhibit 65: LabWare Inc. - Overview
    • Exhibit 66: LabWare Inc. - Product and service
    • Exhibit 67: LabWare Inc. - Key offerings
  • 10.10 PerkinElmer Inc.
    • Exhibit 68: PerkinElmer Inc. - Overview
    • Exhibit 69: PerkinElmer Inc. - Business segments
    • Exhibit 70: PerkinElmer Inc. - Key News
    • Exhibit 71: PerkinElmer Inc. - Key offerings
    • Exhibit 72: PerkinElmer Inc. - Segment focus
  • 10.11 Shimadzu Corp.
    • Exhibit 73: Shimadzu Corp. - Overview
    • Exhibit 74: Shimadzu Corp. - Business segments
    • Exhibit 75: Shimadzu Corp. - Key News
    • Exhibit 76: Shimadzu Corp. - Key offerings
    • Exhibit 77: Shimadzu Corp. - Segment focus
  • 10.12 Thermo Fisher Scientific Inc.
    • Exhibit 78: Thermo Fisher Scientific Inc. - Overview
    • Exhibit 79: Thermo Fisher Scientific Inc. - Business segments
    • Exhibit 80: Thermo Fisher Scientific Inc. - Key News
    • Exhibit 81: Thermo Fisher Scientific Inc. - Key offerings
    • Exhibit 82: Thermo Fisher Scientific Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 83: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 84: Research Methodology
    • Exhibit 85: Validation techniques employed for market sizing
    • Exhibit 86: Information sources
  • 11.4 List of abbreviations
    • Exhibit 87: 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT 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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Laboratory Information Management System (LIMS) Market market growth will increase by $705.85 mn during 2021-2025.
The laboratory information management system (lims) market market is expected to grow at a CAGR of 9.34% during 2021-2025.
Technavio has segmented the laboratory information management system (lims) market market by deployment (on-premise LIMS and cloud-based LIMS) and geography (North America, Europe, APAC, South America, and MEA).
Abbott Laboratories, Autoscribe Informatics, Computing Solutions Inc., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., PerkinElmer Inc., Shimadzu Corp., Thermo Fisher Scientific Inc. are a few of the key vendors in the laboratory information management system (lims) market market.
North America will register the highest growth rate of 41% among the other regions. Therefore, the laboratory information management system (lims) market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the laboratory information management system (lims) market market growth are:
  • adherence to compliance and government regulations
  • Emergence of SaaS-based LIMS
The laboratory information management system (lims) market market vendors should focus on grabbing business opportunities from the on-premise lims segment as it accounted for the largest market share in the base year.
  • 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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  • Five-force market analysis

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