Global Laboratory Information Management System (LIMS) market is accounted for $0.89 billion in 2019 and is expected to reach $2.56 billion by 2027 growing at a CAGR of 14.1% during the forecast period. The growing research & development expenditure in pharmaceutical and biotechnology companies and rising adoption of cloud based LIMS are the major factors driving the market growth.
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By geography, North America is expected grow at a faster rate during the forecast period as the strong economies of the US and Canada have allowed a significant investment in new technologies which has resulted in the growth in biobanks, and easy availability of LIMS products and services.
Some of the key players profiled in the Laboratory Information Management System Market include Abbott Informatics, Accelerated Technology Laboratories, Agilent Technologies Inc, Apollolims, Autoscribe Informatics, Cloudlims, Computing Solutions Inc, Dassault Systemes, Eusoft S.R.L, Genologics Inc, Horizon Lims, Lablynx Inc, Labvantage, Labware, Labworks Llc, Novatek International, Ovation, Promium, Siemens, Thermo Fisher Scientific.
Types Covered in Laboratory Information Management System (LIMS) Market
• Broad-based LIMS
• Industry-specific LIMS
Components Covered:
• Services
• Software
• Hardware
Deployments Covered:
• On-premise
• Cloud-based
• Web/Remotely Hosted
Applications Covered:
• Life Sciences
• Petrochemical Refineries and Oil & Gas
• Chemical
• Food & Beverage
• Agriculture
• Environmental Testing Laboratories
• Other Industries
End Users Covered:
• Hospitals
• Clinics
• Independent Laboratories
• Research centers
• Biological Laboratory
• Food Laboratory
• Medicine Laboratory
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