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Exclusive Report on Laboratory Information Management System Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

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The “Laboratory Information Management System Market” research report 2019-2024 delivers comprehensive information and valuable insights about the Laboratory Information Management System industry. The information available in the Laboratory Information Management System market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. Laboratory Information Management System market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the Laboratory Information Management System Market:

  • Abbott Laboratories
  • LabVantage
  • LabWare
  • McKesson Corporation
  • Thermo Fisher Scientific
  • LabLynx
  • Computing Solutions
  • Labworks LLC
  • Siemens
  • Dassault Systemes

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    Market Overview:

  • The laboratory information management system (LIMS) market is expected to register a CAGR of 10% over the forecast period, 2019-2024. Factors that are responsible for the growth of this market include the rising demand for bio-banking, increasing focus on improvisation of the laboratory, and technological advancements in LIMS offerings.
  • From the past few years, there has been an explosive rise in the number of samples generated for research and analysis purposes, due to the rising number of life-threatening diseases. Similarly, a significant rise in the focus on the high quality of samples and efficient management of the same have become great points of concern. This rise in the sample is pushing the researchers toward cost pressure, managing regulatory issues, storage issues, and so on. For the sake of better management of these samples, biobanks are continuously taking efforts. The LIMS helps the biobanks 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 and clinics. However, factors such as the cost associated with the implementation of a laboratory information management system, among others, may hinder the market growth.

    Scope of the Report:

  • The laboratory information management system (LIMS) is a part of laboratory systems that help in the integration of laboratory operations, such as consolidation of test results and speeding up the overall operations being carried out in the laboratory.

    Reasons for Buying Laboratory Information Management System Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Software Segment, by Component, is Expected to Hold the Major Revenue Share in the Market

    A laboratory information management system (LIMS) software helps in the effective management of samples and data associated with it. With the help of LIMS, a lab can integrate instruments, manage samples, and automate the workflows. LIMS software is also being used in modern genomics. The unprecedented amount of data that is generated from modern genomics is easily managed with the help of the LIMS software. Owing to the increased efforts of clinicians and researchers for the betterment of lab operations and increasing number of samples in the labs, the demand for LIMS software is increasing, which is contributing to the growth of this segment of the market studied.

    North America Dominates the Market and Expected to do Same in the Forecast Period

    North America currently dominates the market for laboratory information management systems and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share. This can be majorly attributed to the increasing adoption of the systems in the country. The presence of a developed healthcare infrastructure is expected to propel the market in the United States.

    Laboratory Information Management System Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of Laboratory Information Management System Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Rising Demand for Biobanking
    4.2.2 Increasing Focus on Improvisation of Laboratory
    4.2.3 Technological Advancements in LIMS Offerings
    4.3 Market Restraints
    4.3.1 Cost Associated with Implementation of Laboratory Information Management System
    4.3.2 Rising Data Security and Privacy Concerns
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Component
    5.1.1 Software
    5.1.2 Services
    5.2 By Mode of Delivery
    5.2.1 On-premise
    5.2.2 Cloud-based
    5.3 By End User
    5.3.1 Hospital
    5.3.2 Clinic
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Abbott Laboratories
    6.1.2 LabVantage
    6.1.3 LabWare
    6.1.4 McKesson Corporation
    6.1.5 Thermo Fisher Scientific
    6.1.6 LabLynx
    6.1.7 Computing Solutions
    6.1.8 Labworks LLC
    6.1.9 Siemens
    6.1.10 Dassault Systemes

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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