![]() ![]() Hence, the implementation of LIMS and the data stored in the cloud are likely to be leaked which restricts the growth of the market. The IT in government healthcare agencies is adopting cloud technologies which have become an integral part of it. As a result, cost-effective cloud deployment with better features and agility is the best option for such organizations. Key factors such as cost-effectiveness and ease of accessibility have attracted many organizations to prefer cloud-based solutions over on-premises solutions. Increasing data security and privacy concerns are the major restriction to the growth of the laboratory information management system market. Hence the above-mentioned factors will drive the market growth during the forecast period. In addition, LIMS also helps in improving the sampling of data that involves different laboratories, FDA, and partner organizations and integrating research information. The LIMS solution effectively manages and tracks data quality, bio-species location, security, compliances, end-user billing, and patient demographics which is required for the research and plays an essential role for the biobank. The high demand for bio-banking is another major factor supporting the laboratory information management system (LIMS) market share growth. The emergence of SaaS-based LIMS is the major trend driving the growth of the laboratory information management system market. Hence, the above factors will increase market growth during the forecast period. Furthermore, various other regulations are put in place to ensure that a laboratory is following all the proper procedures. This raises laboratory IT investment and increases LIMS usage. The regulations also require data to be easily accessible and securely stored for a long period of time. As a result, laboratories are automating data processing to remove the risks associated with misuse of information and erroneous analysis. Industries such as food and beverage and healthcare must adhere to stringent regulatory rules. Laboratory Information Management System (LIMS) Market 2023-2027: Market DynamicsĪdherence to compliance and government regulations is the major driver impacting the growth of the laboratory information management system market. The company offers a laboratory information management system (LIMS) that helps us to manage Quality Control data easily and efficiently. The company offers a laboratory information management system (LIMS) that serves as a central productivity hub to manage lab data, workflows, and teams and increase lab operational efficiency.īroughton Software Ltd. Backed with competitive intelligence and benchmarking, our research reports on the laboratory information management system (LIMS) market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.Īgile Frameworks LLC - The company offers a laboratory information management system (LIMS) that allows for managing samples with a chain-of-custody process.īenchling Inc. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. To help businesses improve their market position, Technavio's report provides a detailed analysis of around 15+ vendors operating in the market. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Some of the major vendors of the laboratory information management system (LIMS) market include Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Laboratory Information Management System (LIMS) Market 2023-2027: Vendor Analysis and Scope Learn more about the factors assisting the growth of the market, download a sample report! Hence, such factors drive the segment growth during the forecast period. Large firms with enough resources are adopting these solutions. LIMS, generally deployed on-premises, provides better data security with high control compared to that of cloud-based deployment. The market share growth in the on-premise segment will be significant during the forecast period. Laboratory Information Management System (LIMS) Market 2023-2027: Segmentation Laboratory Information Management System (LIMS) Market industry analysis Laboratory Information Management System (LIMS) Market trends Laboratory Information Management System (LIMS) Market size The report also covers the following areas : Technavio has announced its latest market research report titled Global Laboratory Information Management System (LIMS) Market 2023-2027
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