Global $1.8 Billion Laboratory Information Management System (LIMS) Markets to 2028

2021-05-11

Dublin, May 11, 2021 (GLOBE NEWSWIRE) -- The "Laboratory Information Management System Market Size, Share & Trends Analysis Report by Product, by Component, by End-use, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering. The global laboratory information management system market size is expected to reach USD 1.8 billion by 2028. The market is expected to expand at a CAGR of 4.0% from 2021 to 2028. Factors contributing to the growth of the laboratory information management system (LIMS) market include growing demand for laboratory automation, investments in life sciences industry, demand for outsourcing, and technological advancements.To help in tackling the effect of COVID-19, market players aimed at launching novel solutions in the market. For instance, LabVantage launched the COVID-19 LIMS which is helpful in managing the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. Likewise, in March 2020, Ovation, a U.S. based startup launched an initiative that was centered on its cloud-based LIMS and was aimed towards enabling independent laboratories to broaden their capabilities and effectively doubling the testing capacity throughout the country.Increasing investment in R&D sectors by pharma and biotechnological organizations is another factor propelling the growth of laboratory information management system. According to National Science Foundation (NSF) data in 2018, the spending on R&D has been increased by approximately 3.2% between 2015 and 2017. Increase in demand for laboratory automation is expected to fuel market growth.Laboratory Information Management System Market Report Highlights Key Topics Covered: Chapter 1 Research Methodology & ScopeChapter 2 Executive Summary2.1 Market Outlook2.2 Segment Outlook2.3 Competitive OutlookChapter 3 Laboratory Information Management System Market Variables Trends & Scope3.1 Market Lineage Outlook3.1.1 Parent Market Outlook3.1.2 Ancillary Market Outlook3.2 Penetration & Growth Prospect Mapping By Delivery Mode3.3 User Perspective Analysis3.3.1 Market Influencer Analysis3.4 List Of Key End Users3.4.1 Potential Target Audience (Over The Forecast Period)3.4.2 U.S.: Regional Demand Analysis By End User3.5 Technology Overview3.5.1 Laboratory Information Management System Changing Technology & Adoption3.6 Product Pipeline Analysis3.6.1 R&D Investments By Companies3.7 Regulatory Framework3.7.1 List Of Regulations, By Country3.8 Market Dynamics3.8.1 Market Driver Analysis3.8.1.1 Rising adoption of laboratory automation3.8.1.2 Increasing investments in the life sciences industry3.8.1.3 Growing demand for outsourcing3.8.1.4 Technological Advancements3.8.2 Market Restraints Analysis3.8.2.1 Lack of Skilled Professionals3.8.3 Industry Challenges3.8.3.1 Lack of Integration Standards For Laboratory Informatics3.9 Industry Analysis - Porter's3.10 Laboratory Information Management System - SWOT Analysis, by Factor (Political & Legal, Economic, Social and Technological)3.11 Laboratory Information Management System - Heat Map AnalysisChapter 4 Laboratory Information Management System Market: Competitive Analysis4.1 Market Participation Categorization4.2 Company Market Share Analysis4.2.1 Lims Company Market Share Analysis4.2.2 List Of Key Strategies, By Company4.2.2.1 Market Leader4.2.2.2 Market InnovatorsChapter 5 Laboratory Information Management System: Covid-19 Impact5.1 Covid-19 Impact AnalysisChapter 6 Laboratory Information Management System Market: Product Analysis6.1 Product Business Analysis6.1.1 On-premise6.1.2 Web-hosted6.1.3 Cloud-basedChapter 7 Laboratory Information Management System Market: Component Analysis7.1 Component Business Analysis7.1.1 Software7.1.2 ServicesChapter 8 Laboratory Information Management System Market: End-use Analysis8.1 End-use Business Analysis8.1.1 Life sciences8.1.2 Contract Research Organizations (CROS)8.1.3 Chemical industry8.1.4 Food and beverage & agriculture industries8.1.5 Environmental testing laboratories8.1.6 Petrochemical refineries & oil and gas industryChapter 9 Laboratory Information Management System Market: Regional Market Analysis, By Product, Component and End-use 2016 - 2028 (USD Million)9.1 Definition & Scope9.2 Regional Market Share Analysis, 2020 & 20289.3 Regional Market Dashboard9.4 Regional Market Snapshot9.5 Market Size, & Forecasts, Volume and Trend Analysis, 2016 to 2028Chapter 10 Company Profiles10.1 Company Overview10.2 Financial Performance10.3 Product Benchmarking10.4 Strategic Initiatives For more information about this report visit

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