Global Laboratory Information Management System Market Report 2018 provides actionable intelligence on factors that have been driving demand; key trends that are impacting the Laboratory Information Management System market; challenges that affect the market dynamics along with the market size, a SWOT analysis of the key vendors, and various segments.
Competitor Analysis: by product types, market share, applications, sales, and revenue.
- Abbott Laboratories
- McKesson Corporation
- Thermo Fisher Scientific
- Computing Solutions
- Labworks LLC
- and Dassault SystÃ¨mes among others
Get Sample PDF of Laboratory Information Management System Market Report @ https://www.360researchreports.com/enquiry/request-sample/13104431
Description of Laboratory Information Management System Market: The global Laboratory Information Management System Market is expected to witness a CAGR of 10% over the forecast period of 2018-2023. The Laboratory Information Management System (LIMS) is a part of laboratory system which helps in the integration of laboratory operations such as consolidation of test results and speeding up the overall operations being carried out in the laboratory.
Rising Demand for Bio-Banking
There has been an explosive growth in the number of samples generated for research and analysis purposes due to the rising epidemic of the life-threatening diseases. Similarly, a significant rise in the focus on high quality of samples and efficient management of the same has become a great point of concern. This rise in the sample is pushing the researchers in cost pressure, managing regulatory issues, storage issues and so on. For the sake of better management of these samples, bio-banks are continuously taking efforts. The LIMS helps bio-banks in the management and tracking of the samples that are generated within the framework of clinical trials, cohort projects, various biological studies and specific protocols. In addition, the LIMS also plays a key role in advancing the discoveries with the provision of concerned biospecimens to the end users such as hospitals, clinics etc.
Owing to the increase in chronic diseases and mortality associated with the same, biobanking is rapidly growing and researchers are focusing on novel discoveries that can prevent or treat diseases. Therefore, biobanking has got big demand and ultimately, for the management of biobanking, LIMS is being used which is becoming the fueling factor for LIMS market. Along with that, other factors driving the market include increasing focus on improvisation of laboratory and technological advancements in LIMS offerings.
Cost Associated With Implementation of Laboratory Information Management System Solutions
Laboratory Information Management System is one of the most popular and widely used services in the healthcare sector, especially in the labs. As the efforts are being taken to improve the laboratory operations and make it better, the demand for LIMS is rising. With the increasing demand, there are technological advancements being done in the LIMS and the overall cost of the system is increasing which is resulting in the rise in implementation cost.
Similarly, the cost of the implementation of Laboratory Information Management System systems is quite higher and is not affordable for everyone. The countries where healthcare expenditure is low, implementation of such high-cost services becomes challenging and it results in the decrease in the demand. Due to the higher maintenance cost of the systems, the overall cost of tests increases, which lands the end users into hesitation before obtaining the service. Hence, the cost associated with the LIMS solutions is affecting the market in a negative manner. Rising Data Security and Privacy Concerns is another factor that is hindering the growth of the market.
North America Holds the Largest Share in the Laboratory Information Management System Market
North America accounts for the largest share of the market studied. This can be primarily attributed to increased R&D expenditure and adoption to the technological advancements, which is expected to augment the growth of the market studied over the forecast period.
Laboratory Information Management System Market report passes on a fundamental overview of the Market including its definition, applications, and advancement. Furthermore, the Industry report investigates the ecumenical Major Laboratory Information Management System Market players in detail. Laboratory Information Management System Market report gives key bits of Cautiousness and subsisting status of the Players and is a basic Source obviously and heading for Companies and people energized by the Industry.
Reasons to Purchase the Report
Purchase Report @ https://www.360researchreports.com/purchase/13104431
The Global demand for Laboratory Information Management System Market is forecast to report strong development driven by consumption in major evolving markets. More growth opportunities to come up between 2018 and 2025 compared to a few years ago, signifying the rapid pace of change.
Laboratory Information Management System Market Historic Data (2012-2018):
- Industry Trends: Status and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
Laboratory Information Management System Market Forecast (2018-2023):
- Market Size Forecast: Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price.
Laboratory Information Management System Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
The Laboratory Information Management System Market report can be customized to meet the desired requirements. Please connect with our analyst, who will ensure that you get a report that suits your needs.