(PharmaNewsWire.Com, November 21, 2017 ) Laboratory information management system is also known as laboratory management systems, a software system enables support laboratory operations that can track workflow and specimens, aggregate data for research or business intelligence purposes and ensure laboratory operation complaint with various regulations and standards. LIMS enable labs produce accurate, reliable, reproducible and faster data.
LIMS provides wide range of applications to biopharmaceutical companies to address the key challenges in drug development process. Increase in inclination towards the LIMS, rising adoption of advanced technologies, increase in maintenance of precise and accurate data regarding bio analysis, invitro pharmacokinetic studies, discovery, R&D and QA/QC are the few factors which propelling the growth of Laboratory information management systems market. However lack of skilled professionals to manage the technology and high cost association are the few restraints expected to hamper the growth of the laboratory information management systems market.
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Laboratory Information Management Systems (LIMS) Market is segmented on basis of, product type, model, component, application and geographical regions.
Based on the product, laboratory information management systems market is segmented
• Industry-specific LIMS
• Broad-based LIMS
Based on the deployment model, laboratory information management systems market is segmented
• Remotely hosted
• On-premise
• Cloud-based
Based on component, The Laboratory Information Management Systems Market is segmented
• Services
• Software
Based on application, laboratory information management systems market is segmented
Laboratory information management systems which are developed by the producers may not be useful for all end users. Hence, LIMS producers offer customized solutions for the customers which are specifically tailored according to the requirement and budget of the user in order to help better return on investment (ROI). LIMS producers are developing multimodality systems able to integrate the entire process of hospitals, clinical laboratories, or clinics and help the end user to reduce operational costs. Increasing proliferation of smartphones, mobile solutions, e-services and point of care trend is expected to propel the usage of LIMS and thereby, increasing the growth of LIMS market.
Laboratory Information Management Systems Market is segmented into Asia-Pacific, Europe, North America, and the Middle East & Africa, Latin America. North America dominates laboratory information management systems (LIMS) market globally owing to the high adoption of advanced technologies along with efficient and safety management of data in healthcare laboratories. Europe holds a significant position in global Laboratory Information Management Systems (LIMS) Market due to increase in healthcare infra-structure and developments of IT sector. Owing to efficient developments and increasing healthcare expenditure in emerging countries like India, China, and Brazil are expected to fuel the growth of Laboratory Information Management Systems (LIMS) Market.
Some of the players in Laboratory Information Management Systems (LIMS) Market are Thermo Fisher Scientific, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), LabWare, Inc. (U.S.), Autoscribe Informatics (U.K.), Illumina, Inc. (Canada), Abbott Informatics (U.S.), LabLynx, Inc. (U.S.), and Computing Solutions, Inc. (U.S.).
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