The global laboratory information management systems market is projected to reach USD 3.3 billion by 2028 from USD 1.6 billion in 2023, at a CAGR of 14.6% during the forecast period. Factors such as growing use of LIMS to comply with stringent regulatory requirements, rising need for automated & efficient data management in laboratories are expected to drive market growth in the coming years. However, high maintenance & service costs, and lack of integration standards for LIMS are some of the key factors restraining the growth of the laboratory information management systems market.
Prominent players in the laboratory information management systems market include LabWare (US), LabVantage Solutions Inc. (US), Thermo Fisher Scientific (US), Thermo Fisher Scientific Inc. (US), Agilent Technologies (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US), Accelerated Technology Laboratories (ATL) (US), CloudLIMS (US), Computing Solutions, Inc. (US), GenoLogics Inc. (an Illumina Company) (Canada), Siemens (Germany), Novatek International (Canada), Ovation (US), Clinsys (US). These companies adopted strategies such as product launches, expansions, agreements, partnerships, collaborations, and acquisitions to strengthen their market presence in the laboratory information management systems market.
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LabWare (US) is one of the prominent players in the LIMS market. It provides scalable, end-to-end solutions to various industries, such as pharmaceutical, environmental testing, contract services, forensics, chemical/petrochemical process, public health, clinical research, food, and biobanking. The company’s Enterprise Laboratory Platform is a unique and proven suite of product capabilities encompassing LIMS, ELN, and LES in an integrated and enterprise-ready solution. The company designs products according to the functional needs of a particular industry and offers industry-specific template solutions that serve as prepackaged initiation points for project implementation. LabWare’s solutions help vendors struggling with multiple overlapping and redundant applications. Thus, the company leverages its customers’ experience and inputs to deliver the best possible solution.
LabVantage Solutions (US) is one of the leading suppliers of LIMS systems. The company is innovative-centric and constantly invests in developing and enhancing its products to understand and better serve its customers. It offers multiple solutions for multiple lab sizes with feature-rich editions for all labs, including R&D, quality control, contract, and biobanking. The company provides pre-validated and pre-configured pharmaceutical LIMS, which reduces deployment time and cost. This solution can be deployed as cloud-hosted, validated SaaS, or on-premise. The company focuses on organic growth strategies such as product launches and upgrades to develop its product portfolio and strengthen its position in the market. The company also strives to strengthen its market position by entering partnerships.
Laboratory Information Management System (LIMS) Market by Type (Broad), Component (Software & Services), Deployment (On premise, Cloud, SaaS, PaaS, IaaS), Industry (Life Sciences, Chemical, Agriculture, FnB, Oil, Gas), and Region - Global Forecast to 2028
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