Global LIMS market to grow at a CAGR of 6.04% over the period 2014-2019, Finds New Report

Report forecast the Global LIMS market to grow at a CAGR of 6.04 percent over the period 2014-2019.

LIMS is the information management system specifically designed for medical and industrial-related laboratories. The solution helps scientists in tracking samples and transmitting data to professionals. LIMS offers a way of automating the laboratory, and saves time and improves the quality of data. Benefits of using LIMS are:

• Enhancement in efficiency of business
• Improvement in quality of reports
• Improvement in quality of data
• Automated quality control and customer reports
• Easy accessibility to data
• Storage of data in database

This report covers the present scenario and the growth prospects of the Global LIMS market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sale of LIMS including clinical laboratory systems and drug discovery laboratory systems. The report also provides the revenue generated from on-premises and cloud deployment models.

The report also provides a detailed analysis of the following end-user sectors that use LIMS software:

• Academic Research
• Food and Beverages
• Healthcare
• Pharma and Biotech
• Petrochemicals
• Others: This include Manufacturing, Material Testing, and Personal Care

Moreover, the report provides the revenue generated from software and services.

According to the report, one key factor driving the market is the need to comply with government regulations. The governments of many countries have enforced regulations on every industry to improve security and provide better products to the market. LIMS helps laboratory professionals to understand and follow government regulations.

Further, the report states that the high cost of implementing LIMS is one of the major challenges that the market faces. The procurement of raw materials for LIMS along with all required instruments is expensive and may not be affordable for SMEs. In addition, the training cost and the cost of maintenance and updates after implementation enhance the cost of LIMS.

The report also presents the vendor landscape and a corresponding detailed analysis of the top four vendors in the Global LIMS market. In addition, the report discusses the major drivers that influence the growth of the market. It also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

key players in the Global LIMS Market: LabVantage Solutions Inc., LabWare, STARLIMS Corp. (Abbott Laboratories) and Thermo Fisher Scientific Inc.

Other Prominent Vendors in the market are: AgileBio, Agilent Technologies, Autoscribe , BiochemLab Solutions, BioData, Biomatters, ChemWare, CloudLIMS, LabArchives, Labfolder, LabLynx, LABTrack, PerkinElmer, Scilligence and TerraSystems

Key Regions

• Americas
• APAC
• EMEA

 Market Driver

• Need to Comply with Government Regulations
• For a full, detailed list, view our report

Market Challenge

• Increased Implementation costs
• For a full, detailed list, view our report

Market Trend

• Increasing Popularity of Cloud LIMS
• For a full, detailed list, view our report

Key Questions Answered in this Report

• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 74 pages “Global Laboratory Information Management System (LIMS) Market 2015-2019” report covers the Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Description, Market Landscape, Market Segmentation by Application, Segmentation of Market by Deployment Model, Market Segmentation by Product, End-user Analysis, Geographical Segmentation, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://mrr.cm/4xc

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