Global Laboratory Information Management Systems Market Rising Need for Adoption of LIMS In Various Industries in the Forecast Period 2018 to 2025

Global Laboratory Information Management Systems Market is expected to grow at a healthy CAGR of in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.Access Full Report: https://databridgemarketresearch.com/reports/global-laboratory-information-management-systems-market/

Segmentation: Global Laboratory Information Management Systems Market

Global LIMS Market By Component (Services, Software), Product Type (Broad-Based LIMS, Industry-Specific LIMS), Delivery (On-Premise LIMS, Cloud-Based LIMS, Remotely Hosted LIMS), Industry Type (Biotech/Pharma, Chemical/Energy, Food and Beverage, Diagnostics/Medical Device, Consumer Products, CRO/CMO), Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2025

Drivers: Global Laboratory Information Management Systems Market

Growing use of LIMS to comply with stringent regulatory requirements, rising need for adoption of LIMS in various industries, technological advancements in LIMS services driving the market.

GROWING USE OF LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTS

Laboratory information management systems (LIMS) systematize and streamline the existing processes such as management of the data for helping the laboratories to improve the efficiency and good laboratory practice (GLP) acceptance. Moreover, LIMS also helps scientists in managing their work as it lowers their burden and offers the platform for the growth and achieving the objective of optimal efficacy.

The manufacturers are replacing the paper-based processes with the commercially available advanced and developed LIMS that are mainly designed for working with the regulatory agreement.

The regulatory bodies such as FDA, FSMA, and HACCP are demanding more accurate and detailed safety control of the drug entrants for ensuring the safety of the final products to avoid the product recalls. So, the regulatory bodies need the advanced systems for the same. For instance, Element LIMS a systems launched by Promium offers uninterrupted process of managing the samples, analyzing data and reporting the results of the experiments. Element consists of the features that are developed for meeting the strict requirements and regulatory standards which include U.S. Environmental Protection Agency (EPA) and some other state, federal, provincial, territorial, and local organizations.

STARLIMS which is food and beverage LIMS solution developed by Abbott, comply with various regulatory standards including Food Safety Modernization Act (FSMA), Hazard Analysis and Critical Control Points (HACCP), Hazard Analysis and Risk-Based Preventive Controls (HARPC), Global Food Safety Initiative (GFSI), Good Laboratory Practice (GLP), Good Manufacturing Practice (GMP), CODEX, European Law, and, Code of Federal Regulations (21CFR) Part 11. The LIMS has wide range of usage such as accessing the whole sample history, display full audit trails, remove e-signature information, and many others.

The LIMS is used in various industries to comply with stringent regulations of the government bodies. The usage of the LIMS is growing nowadays due to increasing demand of more accurate and precise data by the regulatory bodies. So, to meet the rising demand of the LIMS in the industries, companies are developing many advanced and flexible systems which eventually drive the market growth of the LIMS across the globe.

RISING NEED FOR ADOPTION OF LIMS IN VARIOUS INDUSTRIES

Data management systems have become the basic need of any of the laboratory for tracking samples and to meet the needs of the growing strict regulations, but the LIMS helps in increasing the productivity and workflow without wasting much time on the system.

The LIMS is used by various industries such as pharmaceutical, food & safety, clinical research, manufacturing services, contract services, molecular testing, petrochemical and refining, public health, and environmental services.

LIMS is being used as an essential part of the modern water testing laboratory and it is an important consideration for the lab and infrastructure investments in metropolises, utilities and contract laboratories due to growing concerns related to water pollutions.

The food and beverage industry has been using the manual processes and paper based systems since many years. But due to advancement in the data management, these industries have started using the LIMS systems. LIMS solutions provide the list of benefits such as precise data management, quality assurance as compared to the traditional paper-based data collection and management methods. The LIMS enables the food producers in examining the whole production process, starting from the arrival of raw ingredients to the packaging of finished products. The safety of the consumers in the food industry is the major concern which makes it mandatory to use LIMS for the accurate and precise production of the food products.

In the pharmaceutical industries the LIMS is used for examining the batches and controlling the tests performed on batch samples which are based on the frequency of testing and preceding test results. The system also manages the protocols, studies, sample inventory, schedules the lab tests to be performed, conditions of the batch samples need to be examined, and locations of the various samples to achieve the stability management goals.

The LIMS is used in the clinical research field due to growing tests performed in the clinics and to manage those studies and tests. The LIMS has been used for the master schedule, which includes visit schedules, visit-specific subject metadata, tolerance limits and visit sequence information. The system is also used to enable researchers for reserving the specimens for a specified time interval.

Due to its numerous advantages the adoption rate of LIMS in various industries is increasing to provide better results in the management which ultimately helps the market to grow.

Major Players: Global Laboratory Information Management Systems Market

Some of the prominent participants operating in this market are ThermoFisher Scientific Inc., Roper Technologies, Inc., IBM Corporation, Abbott, Siemens AG, PerkinElmer Inc., Illumina, Inc., Shimadzu Corporation, McKesson Corporation, LabWare, LABWORKS among others.