Laboratory Information Management System (LIMS) solutions help to reduce manual efforts, labor cost, cost of error, and throughput time; offer paperless information management and effective data analytics; improve data traceability, accessibility, security and sharing; streamline processes; enhance quality management; abide by the regulatory requirements; and provide better control of all business processes and decision support. Thus, automation of laboratory processes and integration of data provides a robust platform to drive scientific decisions and improve quality and operational efficiency, thereby enabling lab professionals to productively advance research, development and manufacturing. “Meticulous Research” in its latest publication states that, the “global market for laboratory information management system market is expected to grow at a CAGR of 7.3% from 2018 to 2023 to reach $ 1,133.5 million by 2023.”
This growth is primarily driven by the growing automation in laboratories, technological advancements in LIMS solutions, increasing awareness through conferences, seminars & workshops, penetration of new technologies in emerging economies, stringent regulatory requirements, and increasing R&D spending.
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The importance of conferences, seminars & workshops is increasing as there is technological evolution and the old technologies and techniques are getting upgraded. Seminars, conferences and workshops help researchers in various ways like networking and creating connections with researchers of similar interests, listening to and meeting the keynote speakers, and updating with latest development in the field. As the laboratory information management systems are developing fast and rapidly due to various technological advancements and to create awareness about LIMS various conferences and seminars are being conducted. A number of conferences and workshops on LIMS are conducted to discuss key challenges, opportunities, showcase available products & services and promote laboratory information management systems market.
These conferences and workshops helps to understand latest informatics trends and developments, complex processes, supports regulatory compliance, and promotes collaboration among labs around the world. Various companies like Autoscribe Informatics, Dassault Systemes SE, EuSoft Srl., LabWare, Inc., LabWorks LLC, LabVantage, Thermo Fisher Scientific Inc., and Waters Corporation conduct conferences and workshops to educate their customers with new product development announcements, customer presentations, training courses, industry technical sessions, partner exhibits & presentations, hands-on workshops & demos, and networking with peers. Hence, this helps in to maintain the competitiveness and to adapt to future business challenges. Thus, these conferences and workshops help in increasing awareness on benefits of laboratory information management system and technological advancements in this field, thus aiding the adoption of LIMS.
The report provides meticulous analysis of laboratory information management system (LIMS) market on the basis of type (multipurpose, purpose built), component (services, software), delivery (on premise, web, cloud), end user (pharma, biotech, MDx, biobank, CRO, F&B, oil, gas, petroleum, chemical, environment) and geography.
The key players analyzed in the laboratory information management system (LIMS) market are Abbott Informatics (a subsidiary of Abbott Laboratories), Astrix Technology Group, Autoscribe Informatics, Blaze Systems Corporation, Computing Solutions, Incorporated (CSI) (LabSoft), CSOLS, Inc., Dassault Systemes SE, EuSoft Srl., Genohm SA, Genologics, Inc., (Illumina Company), Dohmen Company (HORIZON), Infosys Limited, LabLynx, Inc., LabVantage Solutions, Inc., LabWare, Inc., LabWorks LLC, Novatek International, Promium, LLC, Thermo Fisher Scientific Inc., and Waters Corporation.
Key Topics Covered in This Report:
- Research Methodology
- Executive Summary
- Market Share Analysis
- Market Insights
- Global Laboratory Information Management System Market, by Type
- Global Laboratory Information Management System Market, by Component
- Global Laboratory Information Management System Market, by Mode of Delivery
- Global Laboratory Information Management System Market, by End User
- Geographic Analysis
- Competitive Landscape
- Company Profiles
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