LabWare (US), LabVantage Solutions (US) and Thermo Fisher Scientific (US) are Leading Players in the Laboratory Information Management System (LIMS) Market
The global LIMS market is projected to reach USD 2.1 billion by 2026 from an estimated USD 1.1 billion in 2021, at a CAGR of 13.2%. Use of LIMS to comply with stringent regulatory requirements, rising need for the adoption of LIMS, technological advancements in LIMS offerings, increasing R&D expenditure in different industries, and growing adoption of cloud-based LIMS are some of the major driving factors for growth of the global LIMS market.
Some of the prominent players operating in the market are LabWare (US), LabVantage Solutions (US), Thermo Fisher Scientific (US), Abbott Informatics (US), Agilent Technologies Inc. (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (US), and Accelerated Technology Laboratories (ATL).
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TOP LIMS MARKET PLAYER
LabWare is one of the prominent players in the LIMS market. It offers scalable, end-to-end solutions to various industries, such as pharmaceuticals, environmental testing, and contract labs. The company focuses on launching technologically advanced products and upgrading existing ones. It designs products to meet the needs of the end-use industry and offers industry-specific template solutions that serve as prepackaged initiation points for project implementation. Thus, the company leverages its customers’ experience and inputs to deliver the best possible solution.
LabVantage Solutions is one of the leading suppliers of LIMS systems. Being innovation-centric, the company constantly invests in developing and enhancing its products to understand and better serve its customers. 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.
Thermo Fisher Scientific is another prominent player in the LIMS market. The company’s dominant position can be attributed to its focus on R&D. The company also adopts organic as well as inorganic growth strategies such as expansions and acquisitions. For instance, Thermo Fisher Scientific opened a customer solution center in Shanghai, China, to support pharmaceutical and biopharmaceutical laboratories by providing expertise in critical analytical processes and specialized workflows.
Related Reports:
Laboratory Information Management System (LIMS) Market by Type (Broad), Component (Software, Service), Delivery (On premise, Cloud, SaaS, PaaS, IaaS), Industry (CRO, CMO, Pharma, Biotech, Chemical, Agriculture, FnB, Oil, Gas) - Global Forecasts to 2026
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