Global Laboratory Information Management Systems Market : What will be the market size in 2021 and what will be the growth rate?

Global Laboratory Information Management Systems Market, By Product Type (Commercial Off the Shelf LIMS Systems (COTS), Legacy LIMS), By Deployment (On-Premise, Cloud-Based, Remotely Hosted), By Component (Software, Services), By Industry (Life Science (Pharmaceutical, Biotechnology, BioBanking, Contract Service Organizations (CRO), Clinical Research Labs, Academic Research Institutes), Petrochemical, Chemicals, Food & Beverages, Environmental Testing, Forensics, Others), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa, Rest of the World) – Industry Trends and Forecast to 2024

The Global Laboratory Information Management Systems (LIMS) Market has accounted for USD 1,020.5 million in 2016 and is expected to reach USD 2.2 billion by 2024, growing at a CAGR of 10.2% in the forecasted period 2017 to 2024.The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Laboratory Information Management Systems (LIMS) Market – Market Segmentation:

The global laboratory information systems market is segmented based on product type, deployment, component, industry and geography.

On the basis of product type the market is segmented into 2 product types commercial off the shelf LIMS (COTS) and legacy LIMS. COTS are the upcoming trend in the market and helps manufacturers to increase the availability of LIMS products in the market. In developed nations COTS is rapidly replacing the market for legacy LIMS, however the market for legacy LIMS is expected to have stagnant market in the forecast period.

Based on deployment the global LIMS market is segmented into 3 types such as on-premise, cloud based and web based modules. The deployment segment’s demand is different across geographies owing to availability and market spending varies in different economies. The web based LIMS will dominate the market and have significant growth in the major economies. However the cloud based LIMS segment is having a rapid growth in the emerging markets of Asia-Pacific and South America. The market is also segmented on the basis of components into software and services.

The usage of LIMS products and services is spread across multiple industries globally. In the report global LIMS market is segmented on the basis of industries such as life science, petrochemical, chemicals, food and beverages, environmental testing, forensics among others. The life science industry is further segmented into pharmaceutical, biotechnology, biobanking, contract service organizations (CRO), clinical research laboratories and academic research institutes.

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Based on geography, the market is segmented into five geographical regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

The geographical regions are further segmented into 29 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and others.

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Some of the major players operating in this market are

  1. Ardigen SA
  2. Genologics (A Illumina Company)
  3. Thermo Fisher Scientific, Inc.
  4. AgileBio LLC
  5. LabWare, Inc.
  6. Core Informatics, LLC
  7. CloudLIMS
  8. Abbott Informatics
  9. Agaram Technologies Pvt Ltd
  10. Schimadzu Corporation
  11. LabVantage Solutions, Inc.
  12. LabLynx, Inc.
  13. PerkinElmer, Inc.
  14. Khemia Software, Inc.
  15. Bargal Analytical Instruments
  16. Waters Corporation
  17. Computing Solutions, Inc.
  18. Agilent Technologies, Inc.
  19. Novatek International

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