Laboratory Information Management System (LIMS) Market By Top Leading Players | Abbott Informatics, Agilent Technologies

1
Laboratory Information Management System (LIMS)
Market By Top Leading Players Abbott
Informatics, Agilent Technologies, AgileBio
2
The data management tool known as a LIMS helps
labs in automating their workflows, tracking data
(samples, instruments, and QA/QC results), and
storing, processing, and reporting data. All
these features are crucial to sustain and improve
productivity and efficiency of any biological
lab, from pharma, biotech, environmental
facilities, FB to biobanking. The
global Laboratory Information Management System
(LIMS) market is valued at 1.3 billion in 2021
and is expected to grow at a CAGR of over 10 to
cross 2 billion by 2025, driven by rising
regulatory compliance requirements, technological
advancements in LIMS offerings and benefits
offered by LIMS to improve labs productivity and
efficiency. Shift towards Cloud-based
LIMS Traditional on-premise LIMS face challenges
to survive in a data-driven world due to the
increased requirement for data sharing across and
between organizations. On-premise systems lack
scalability and easy integration, are often
time-consuming and costly to implement and
manage. The LIMS industry is observing rise in
the acceptance of cloud-based model as it can
address most of these issues with quick
deployment, minimum upfront costs, high
flexibility and scalability making it affordable
for all laboratories. Trending
Subscription-based Pricing Models Every pricing
model has benefits and drawbacks of its own.
Larger companies that have sufficient resources
and support staff frequently choose to buy a
perpetual license. However, smaller
companies/start-ups usually opt for
cost-effective, pay as you go subscription and
SaaS pricing model. Vendors provide both
perpetual and subscription licenses for labs
choosing to install LIMS on-premise or in the
cloud.
3
Explore Premium Report on Laboratory Information
Management System (LIMS) Market
_at_ https//meditechinsights.com/laboratory-informat
ion-management-system-market/ Growing demand for
Purpose-built LIMS over Broad-based/Multi-purpose
LIMS The LIMS market is moving from
one-size-fits-all across industries approach
towards purpose-built pre-configured LIMS that
addresses different pain points of each industry
such as pharma, biotech, FB, oil gas,
biobanking, environmental testing, etc. - VP,
Sales Marketing, Leading LIMS Company, US US
Leads the Adoption of Laboratory Information
Management System Laboratory Information
Management System (LIMS) Market North America
commanded the largest share of the market,
followed by Europe. This is primarily attributed
to the strong economies of the US and top EU
countries, established lab infrastructure,
greater degree of automation and digital
technologies, significant investments in new
technologies, growth in biobanks, easy
availability of LIMS products and services.
Although APAC has a minor share in the LIMS
market currently, emerging countries in this
region are expected to witness strong growth.
4
Competitive Landscape Laboratory Information
Management System (LIMS) Market The key players
having a strong foothold in the global laboratory
information management system (LIMS) market
include Abbott Informatics, Agilent Technologies,
Autoscribe Informatics, AgileBio, ATL, Computing
Solutions, Dassault Systèmes, Labworks, LabLynx,
LabWare, LabVantage, Thermo Fisher
Scientific. For More Detailed Insights, Contact
Us _at_ https//meditechinsights.com/contact-us/ Abo
ut Medi-Tech Insights Medi-Tech Insights is a
healthcare-focused business research insights
firm. Our clients include Fortune 500 companies,
blue-chip investors hyper-growth start-ups. We
have completed 100 projects in Digital Health,
Healthcare IT, Medical Technology, Medical
Devices Pharma Services. Contact Ruta
Halde Associate, Medi-Tech Insights 32 498 86 80
79 info_at_meditechinsights.com