Laboratory Information Management Systems Market Global Laboratory Information Management Systems M

Global Laboratory Information Management Systems Market Expected to Reach US$
1,724.8 Mn by 2025 owing to Advancements in LIMS Technology
Analyst Speak:
“ The Global Laboratory Information Management Systems Market was valued around US$ XX Mn
2018 and projecting at significant CAGR over the forecast years 2019-2025 to reach US$ 1,724.8 Mn by
2025 owing to rise in R&D for the development of advanced LIMS technologies”
The global laboratory information management systems market expected to reach US$ 1,724.8 Mn by 2025
owing to increase in the adoption of advanced laboratory information management systems to comply with
the regulatory framework, increase in number of pharmaceutical and biotechnology companies, surge
demand for automation in laboratories, and government initiations to procure the quality laboratory
information are anticipated to fuel the global laboratory information systems management market over the
forecast years. Moreover, benefits with digitalization in healthcare industry, surge in adoption of cloud-
based systems, limited errors with patient data maintenance, and launch of newer software are anticipated
to burgeon the global laboratory information management systems market. However, high cost for the
maintenance of LIMS, limited integration standards, and lack of skilled professionals in underdeveloped
countries are hinder the growth of laboratory information management systems market.
Global laboratory information management systems market segmented on the basis of product type,
component, deployment mode, end user, and region
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Cloud-Based Systems Dominate the Global Laboratory Information Management Systems
Market
Based on the deployment mode, global laboratory information management systems market segmented into
cloud-based LIMS, on-premise LIMS, and remotely hosted LIMS. Cloud-based LIMS dominated the global
laboratory information management systems market in 2018 and the same trend is expected over the
forecast years owing to security breaches over the on-premise and remotely hosted LIMS. Additionally,
wide range of advantages with cloud- based setup, such as access from multiple systems, multiple locations,
reduced workforce, and cost effective are anticipated to propel the segment revenue over the future years.
North America Leads the Global Laboratory Information Management Systems market
PBI’s global laboratory information management systems market report analyses the market in different
regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. Among
all regions, North America accounted for larger revenue share through 2014-2018 and expected to dominate
over 2019-2025 owing to surge in adoption of LIMS in USA and Canada, increase in number of end user
industries, sophisticated healthcare infrastructure, increase in demand for genomic studies, and surge in
government funding for LIMS. Europe laboratory information management systems market anticipated to
grow at prominent CAGR due to adoption of digitalization in healthcare systems, acceptance of advanced
technologies, and high R&D expenditure by pharmaceutical and biotechnology companies are expected to
bolster the market.