Laboratory Information Management System Market

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MarketsandMarkets Presents

• Laboratory Information Management System/LIMS
  Market 
•  - Global Forecasts to 2021

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• The global laboratory information management
  system (LIMS) market is projected to reach USD
  901.6 Million by 2021 from an estimated value of
  USD 634.0 Million in 2016 growing at a CAGR of
  7.3 during the forecast period of 2016 to 2021.
  Factors such as need for regulatory compliance
  growing LIMS adoption in biobanks/biorepositories,
  academic research institutes, CROs, and CMOs
  technological advancements growing RD
  expenditure in pharmaceutical and biotechnology
  companies, and growing awareness through
  conferences forums are propelling the growth of
  this market. Moreover, cloud-based LIMS and
  potential in emerging geographies are expected to
  offer a wide range of growth opportunities for
  the LIMS market. On the other hand, lack of
  integration standards and high maintenance cost
  service expenses are the major factors that may
  limit growth of the market to a certain extent.

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https//www.marketsandmarkets.com/Market-Repo
rts/laboratory-information-management-systems-mark
et-250610373.html The laboratory information
management system market in this report is
segmented on the basis of product type,
deployment model, component, industry, and
region. Based on product type, the market is
segmented into broad-based LIMS and
industry-specific LIMS. The broad-based LIMS
segment is expected to grow at the highest CAGR,
as these systems are user-friendly, reduce total
cost of ownership, provide faster return on
investment, integrate seamlessly with other
laboratory systems, and easily accessible
throughout the enterprise
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• North America is expected to dominate the global
  market in 2016, with the U.S. accounting for a
  major share of this regional market. However,
  Asia is expected to grow at the highest CAGR
  during the forecast period, owing to the
  increasing RD activities and the development of
  supporting infrastructure in research
  laboratories.
• The prominent players in the market include
  Thermo Fisher Scientific, Inc. (U.S.), LabWare,
  Inc. (U.S.), LabVantage Solutions, Inc. (U.S.),
  Abbott Informatics (U.S.), Core Informatics, LLC
  (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC
  (U.S.), GenoLogics (Canada), Computing Solutions,
  Inc. (U.S.), and Autoscribe Informatics (U.K.).

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