Global Laboratory Information Management System Market is valued at USD 1072.6 Million in 2020 and is expected to reach USD 1440.2 Million by 2027 with a CAGR of 4.3% over the forecast period.
Key Benefits of Global Laboratory Information Management Systems Market Report:
- The study on the global market for laboratory information management systems includes a detailed history and future outlook.
- The market introduction, market summary, global market revenue (revenue in USD), market drivers, market constraints, market opportunities, competition analysis, and regional and national level are all covered in detail in the global laboratory information management systems market research report.
- Report on the Global Laboratory Information Management Systems Market aids in locating market opportunities.
- The report on the global laboratory information management systems market includes an in-depth analysis of the market’s competitive environment and upcoming trends.
Global Laboratory Information Management System Market Key Players:
- Thermo Fisher Scientific
- Siemens Group SA
- Labvantage Solutions
- Abbott Laboratories
- Accelerated Technology Laboratories
- Novatek International
- LabLynx Inc.
- LabWare Inc.
- PerkinElmer Inc. Promium LLC
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Global Laboratory Information Management System Market Segmentation:
On the basis of product type, mode of delivery, component, end-user, region, and nation, the laboratory information management system market is divided into segments. The market is segmented into multi-purpose and purpose-built products based on product type. The market is segmented into on-premise solutions, cloud-based solutions, and web-based solutions based on the manner of delivery. The market is split into two categories based on components: services and software.
By Type:
- Multi-purpose LIMS
- Purpose-built LIMS
By Mode of Delivery:
- On-premise solutions
- Cloud-based solutions
- Web-based solutions
- By Component:
- Services
Software
By End-User:
- Life Sciences industry
- Food & Beverage and Agriculture Industries
- Petrochemical Refineries and Oil & Gas Industries
- Chemical Testing Laboratories
- Environmental Testing Laboratories
The regions covered global laboratory information management system market report are North America, Europe, Asia-Pacific, Latin America, and the Rest of the World. On the basis of country level, the market of global laboratory information management system market sub divided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, Egypt, UAE) GCC, Africa, etc.
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Updates On Laboratory Information Management System Market:
LabVantage Solutions Expanded and Improved its Portfolio
LabVantage Solutions, a provider of laboratory informatics software, released three new, authorized SaaS solutions on May 4, 2021, along with an update to its LIMS Platform. Another breakthrough in digital transition is addressed by LabVantage Analytics, which converts logical, business, and outside information into data that speeds up new discoveries increases lab utility, boosts quality, and reduces consumables waste and downtime for instruments. The goal is to improve lab performance while identifying the crucial information needed for a more knowledgeable and productive dynamic.
Rising Prevalence of Chronic Diseases, Increasing Number of Technological Advancements, Growing Popularity of Cloud-Based Systems Drive the Market Growth
The major factor driving the growth of the global laboratory information management system market is the increase in the prevalence of chronic diseases. According to World Health Organization (WHO), there are 422 million people worldwide having diabetes, mainly in low-and-middle-income countries. In addition, the rising number of offerings by players is also supplementing the market growth. For example; Labvantage Solutions announced the accessibility of its new purpose-built COVID-19 LIMS solution.
For instance; CrelioHealth is a One-Stop cloud-based Diagnostic Solution that enables labs to handle radiology centers (RIS & PACS), pathology labs (LIMS), and inventory. It enables labs to simplify operations with configurable report formats, online billing, institution workflows, & payments, digital report delivery, and automated communications using numerous channels like SMS, email, WhatsApp, or Mobile app to patients, referrals and business partners.
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North America is Anticipated to Dominate the Global Laboratory Information Management System Market:
North America is expected to dominate the global laboratory information management system market due to the highly advanced healthcare infrastructure, increasing government funding in research and healthcare, and the presence of key market players in this region. In addition, the increasing incidence of chronic diseases, increase accessibility to healthcare facilities, rising geriatric population, and rising demand among clinicians are also fostering market growth in this region.
The Asia Pacific is predicted to witness the fastest development in laboratory information management systems in the coming years. The increasing prevalence of chronic diseases such as diabetes, cancer, and neurological disorders, developing healthcare infrastructure, and growing awareness about the benefits of using laboratory information management systems are some of the major factors driving the market growth in this region.
On Special Requirement the Laboratory Information Management System Market. The report is also available for the below Regions and Countries: –
North America
- US.
- Canada
Europe
- Germany
- France
- UK.
- Italy
- Spain
- Sweden
- Netherland
- Turkey
- Switzerland
- Belgium
- Rest of Europe
Asia-Pacific
- South Korea
- Japan
- China
- India
- Australia
- Philippines
- Singapore
- Malaysia
- Thailand
- Indonesia
- Rest Of APAC
Latin America
- Mexico
- Colombia
- Brazil
- Argentina
- Peru
- Rest of South America
Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- South Africa
- Rest Of MEA
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