Laboratory Information Management System Market Share, Size 2021 Trends Forecast Analysis by Manufacturers, Regions, Type and Application to 2030

In a recent published report, Kenneth Research has updated the market report for Laboratory Information Management System Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Laboratory Information Management System Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Laboratory Information Management System Market was valued at USD 670 Million in the year 2017. Global Laboratory Information Management System Market is further estimated to grow at a CAGR of 9.5 from 2019 to reach USD 1360.70 Million by the year 2025.

North America region holds the highest Market share and European region is considered as the fastest growing Market in the forecasted period. Strong economies of the US and Canada that allows a significant investment in new technologies, growth in biobanks, easy availability of LIMS products and services, and stringent regulatory requirements across industries are the key factors driving the growth of the LIMS Market in North America.

Major market players in Laboratory Information Management System Market are Labware, Thermo Fisher Scientific, Labvantage, Abbott Informatics, Computing Solutions, Lablynx, Labvantage, Labworks LLC, Siemens, Dassault Systèmes, and brief overview of 10 companies is also provided in the report.

SWOT Analysis of Laboratory Information Management System Market:
Strength:
Growing Use of LIMS to Comply With Stringent Regulatory Requirements
Growing Adoption of Cloud-Based LIMS

Weakness:
High Maintenance and Service Costs

Opportunities:
Use of LIMS in the Cannabis Market
Significant Growth Potential in Emerging industries

Threats:
Dearth of Trained Professionals

The global Laboratory Information Management System Market has been segmented into type, component, deployment model, Market, and region. Based on component, the LIMS Market is segmented into software and services. The services segment is expected to register the highest CAGR during the forecast period. Based on Market, the laboratory information management system Market is segmented into life sciences, chemical, food & beverage and agriculture, environmental testing laboratories, petrochemical refineries and oil & gas, and other industries. By delivery model, the Market is segmented into on premise, cloud-based, and remotely hosted. The cloud-based segment is expected to register the highest CAGR during the forecast period.

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Laboratory Information Management System Market Segmentation:
By Market

*Life Sciences Market
*Food & Beverage and Agriculture Industries
*Petrochemical Refineries and the Oil & Gas Market
*Environmental Testing
*Other Industries

By Components
*Services
*Software

By Deployment Mode
*On-Premise LIMS
*Cloud-Based LIMS
*Remotely Hosted LIMS

By Type
*Broad-Based LIMS
*Market-Specific LIMS

By Region
*North America
o USA
o Canada
*Europe
o Germany
o U.K.
o France
o Italy
o Rest of Europe
*APAC
o China
o India
o Japan
o Rest of Asia-Pacific
*RoW
o Latin America
o Middle East & Africa

Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter’s five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support

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