HOME › Research Insight › Key Players in the Laboratory Information Management System (LIMS) Market Pursue New Product Launches & Upgrades, Partnerships, Alliances, Agreements, Collaborations, and Expansions as their Key Growth Strategies
Key Players in the Laboratory Information Management System (LIMS) Market Pursue New Product Launches & Upgrades, Partnerships, Alliances, Agreements, Collaborations, and Expansions as their Key Growth Strategies
The prominent players in the market include Thermo Fisher Scientific Inc. (U.S.), LabWare, Inc. (U.S.), Core Informatics, LLC (U.S.), Abbott Informatics (U.S.), LabVantage Solutions, Inc. (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC (U.S.), GenoLogics (Canada), and Computing Solutions, Inc. (U.S.). Other players include AgileBio (U.S.), LabAnswer (U.S.), Dassault Systèmes BIOVIA (U.S.), BTLIMS Technologies (U.S.), Common Cents Systems, Inc. (U.S.), Blaze Systems Corporation (U.S.), and Genohm SA (Switzerland).
LabWare, Inc. (U.S.) is among the leading players in the LIMS market. The company’s dominance in the market can be attributed to its strong brand image and robust product portfolio. The company constantly focuses on both organic and inorganic growth strategies to strengthen its market share in the LIMS market. In March 2015, LabWare introduced the latest version of its LIMS, LabWare 7. This solution offered improved functionality and robust interface abilities that use latest technologies such as HTML5 and Java script. In May 2014, the company expanded its LIMS business in the Middle East by entering into a support and distribution agreement with a Saudi partner. This expansion enabled the company to leverage market opportunities in the Middle East, which is an emerging market for LIMS.
Moreover, Thermo Fisher Scientific Inc. (U.S.) is also one of the leading players in this market. To strengthen its position in the market, the company focuses on adopting both organic as well as inorganic growth strategies. In May 2016, the company launched a new version of its SampleManager LIMS with mobile and navigation functionality. Besides product launches, the company focuses on expansions and strategic alliances to strengthen its market share. In September 2016, the company established its new global headquarters in Massachusetts; this new headquarters reflected the company’s commitment towards scientific excellence and employee involvement.
Companies are focusing on adopting organic and inorganic growth strategies such as partnerships, collaborations, agreements, and strategic alliances; new product launches and upgrades; and expansions to synergistically develop advanced LIMS solutions in the market. These strategies help market players to strengthen their product offerings, cater to the unmet needs of customers, increase their profitability, and expand their presence in the global market.
Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), Abbott Informatics (U.S.), Core Informatics, LLC (U.S.), Labworks, LLC (U.S.), GenoLogics, (Canada), and Computing Solutions, Inc. (U.S.) are the companies that majorly adopted these strategies.
Laboratory Information Management System/LIMS Market by Product (Broad, Industry-specific), Component (Software, Services), Delivery (On-premise, Remote, Cloud) & End User (CROs, CMO, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) - Forecasts to 2021
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