LIMS for Clinical Testing Market Size Growth and 2025 Forecast Research Report

According to a new report published by Reports Monitor titled, “Laboratory Information Management System Market by Product, Component, Deployment Model, and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the laboratory information management system market is projected to grow rapidly from 2017 to 2025. 

Improvement in patient care solutions and increased efficiency of services is made possible through integration of various associated processes in an organization, particularly in the healthcare industry. Laboratory information management system is software that allows effective management of samples measurements, associated data, and automation of work frame together with integration of instruments. Contemporary genomics generates bizarre amount of data that increases challenges with laboratory. To overcome these tasks labs has modernize their approach towards managing, tracking and centralizing genomic data. 

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Growing application of LIMS & compliance with strict regulatory requirements together with the increasing need for adoption of LIMS in research centers and contract research organizations drives the growth of LIMS market. In addition, technological advancement in LIMS offerings, rising R&D investment of pharmaceutical and biotechnological companies and increasing awareness via conferences and forums further propels the growth of the market. However, lack of integration standards for LIMS and high deployment, maintenance & service cost might restrict the growth of the market. Significant growth potential in emerging nations and huge acceptance of cloud based LIMS incorporates great opportunities for key players to penetrate the market. Penetrating pharmaceutical and biotech industry, intensified research & development programs and early adoption of technology drives the growth of LIMS market in North America.

The global LIMS market is segmented on the basis of product type, component, deployment model, end-user and region. Considering product type the market is spilt into standalone LIMS and integrated LIMS. Based on component segment market is divided into hardware, software and services. As per deployment model the market is separated into on-premise LIMS and cloud-based LIMS. According to end-use segment the market is categorized into life hospitals, clinics, independent laboratories and others. 

View Full Report Description with TOC:

Competitive Analysis
The major players operating in the laboratory information management system includes Thermo Fisher Scientific, Inc., Abbott Informatics, Merge Healthcare, Inc., International Business Machines Corp., Cerner Corporation, McKesson Corporation, Meditech, LabWare, Roper Technologies Inc. and Core Informatics, LLC. 

In April 2018, ABBOTT INFORMATICS a leading provider of laboratory information management solutions announced the introduction of the STARLIMS Public Health Solution PH12.0. In current scenario the solution product is deployed in laboratories throughout the United States. Enhancement on new-born screening and cyber security is the primary focus of this solution owing to healthcare setting and privacy & security concerns of patient’s record is of utmost importance.

The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 
Our analyst implement several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 

Some Points from TOC:
1. Introduction
1.1. Market Definition
1.2. Market Scope

2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions

3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Key Market Trend Analysis
3.2.1. Market Drivers
3.2.2. Market Restraint/Challenges
3.2.3. Market Opportunities
3.3. Porter’s Five Forces Analysis
3.4. Potential Venture Avenues
3.5. Market Share Analysis, 2016 

4. Product Overview
4.1. Introduction
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. Standalone
4.2.2. Integrated
 (Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


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