North America Laboratory Information Management System Market By End-use (CROs, Petrochemical Refineries & Oil and Gas Industry, Life Sciences, Chemical Sector, Food and Beverage and Agriculture Sector, Environmental Testing Laboratories, and Other sectors), By Component (Services and Software), By Product (Cloud-based, Web-hosted, and On-premise), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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The North America Laboratory Information Management System Market would witness market growth of 5.4% CAGR during the forecast period (2021-2027).
A Laboratory information management system (LIMS) refers to a software-based solution, which supports the daily operations of the laboratory. This system helps laboratories to manage data, inventories and assign rights. LIMS offers various features, which support a modern laboratory’s operations. Some of the important specialities of LIMS are data supervision support, flexible architecture, and data exchange interfaces that complement its usage in regulated surroundings.
The evolution of LIMS from a basic sample tracking to an enterprise resource planning solution that helps in managing various domains of laboratory informatics. This system is mostly used for biobanking, security support, end-user billing, patient demographics, and safety aspects. Using this system, it becomes possible to raise the data sampling & research data integration, thereby simplifying the data access. The laboratory information management system finds potential applications in different fields such as data mining, data analysis, sample management, and electronic laboratory network.
Factors like increasing demand for laboratory automation, growing usage of laboratory information systems and rising dependence on upgrading the precision of diagnosis are propelling the market growth. In addition, the growing development of integrated laboratory data systems, rising adoption of LIS to enhance lab effectiveness and the growing need to fulfil each requirement act as catalyst for the growth of the market.
The USA market dominated the North America CROs Market by Country in 2020, thereby, achieving a market value of $65.6 Million by 2027, growing at a CAGR of 4.3 % during the forecast period. The Canada market is experiencing a CAGR of 5.1% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 7.1% during (2021 - 2027).
Based on End-use, the market is segmented into CROs, Petrochemical Refineries & Oil and Gas Industry, Life Sciences, Chemical Sector, Food and Beverage and Agriculture Sector, Environmental Testing Laboratories, and Other sectors. Based on Component, the market is segmented into Services and Software. Based on Product, the market is segmented into Cloud-based, Web-hosted, and On-premise. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Thermo Fisher Scientific, Inc., Abbott Laboratories, Siemens AG, LabWare, Inc., LabVantage Solutions, Inc. (TCG Lifesciences), LabLynx, Inc., Autoscribe Informatics, Inc., Labworks LLC, Accelerated Technology Laboratories, Inc., and Illumina, Inc.
Scope of the Study
Market Segments Covered in the Report:
- Petrochemical Refineries & Oil and Gas Industry
- Life Sciences
- Chemical Sector
- Food and Beverage and Agriculture Sector
- Environmental Testing Laboratories,
- Other sectors
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Thermo Fisher Scientific, Inc.
- Abbott Laboratories
- Siemens AG
- LabWare, Inc.
- LabVantage Solutions, Inc. (TCG Lifesciences)
- LabLynx, Inc.
- Autoscribe Informatics, Inc.
- Labworks LLC
- Accelerated Technology Laboratories, Inc.
- Illumina, Inc.
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