Laboratory Information Management Systems (LIMS) are powerful software solutions that optimize laboratory operations by managing workflows, data, and information. With features such as sample tracking, instrument integration, and quality control, LIMS enhances efficiency and accuracy in diverse laboratory settings. They ensure data integrity, and compliance with regulations, and facilitate collaboration. Cloud-based LIMS solutions provide flexibility and remote access to data. LIMS enables data analysis, reporting, and aid in accreditation and regulatory compliance, making them indispensable tools for modern laboratories.
According to Data Bridge Market Research, the North America Laboratory Information Management Systems (LIMS) Market is growing with a CAGR of 9.4% in the forecast period of 2022 to 2029 and is expected to reach USD 1,022,861.65 thousand by 2029.
“Rising emphasis on data management surge market demand"
The rising emphasis on data management in laboratories is a key driver for the adoption of laboratory information management systems (LIMS). With the increasing volume of data generated in labs, there is a growing need for efficient storage, organization, and analysis of this data. LIMS provides a centralized platform for managing and accessing laboratory data, enabling streamlined workflows, improved data integrity, and enhanced collaboration. Leveraging LIMS, laboratories can optimize their data management processes, leading to improved operational efficiency and better-informed decision-making.
What restraints the growth of the North America laboratory information management systems (LIMS) market?
“High implementation and maintenance costs can impede the market growth”
The implementation and maintenance costs associated with laboratory information management systems (LIMS) can be a significant restraint for smaller laboratories or those with limited budgets. These costs include software licensing, hardware infrastructure, customization, and ongoing technical support. The financial burden of these expenses may deter some laboratories from adopting LIMS solutions, limiting their ability to streamline operations and benefit from the advantages of efficient data management. This can pose a challenge to the overall growth of the LIMS market, particularly in segments with budget constraints.
Segmentation: North America Laboratory Information Management Systems (LIMS) Market
The North America laboratory information management systems (LIMS) market is segmented on the basis of component, product type, delivery, industry type, and distribution channel
- On the basis of component, the North America laboratory information management systems (LIMS) market is segmented into services and software.
- On the basis of product type, the North America laboratory information management systems (LIMS) market is segmented into industry specific and board based.
- On the basis of delivery, the North America laboratory information management systems (LIMS) market is segmented into on premise, cloud based, and remotely hosted.
- On the basis of industry type, the North America laboratory information management systems (LIMS) market is segmented into life science industry, chemicals/energy, food and beverage and agriculture industries, diagnostics/medical device, contract research organizations/contract manufacturing organizations (CRO/CMO), others.
- On the basis of distribution channel, the North America laboratory information management systems (LIMS) market is segmented into direct tenders and retail sales.
Regional Insights: U.S. dominates the North America laboratory information management systems (LIMS) market
In the laboratory information management systems (LIMS) market, the United States holds a dominant position in the North America region. This is primarily attributed to the country's advanced infrastructure for research and development in informatics and the increasing demand for genomic studies. The United States has well-established research facilities and a strong emphasis on technological advancements, which drives the adoption of LIMS solutions. These factors contribute to the country's leadership in the market within the North America region.
To know more about the study, visit, https://www.databridgemarketresearch.com/reports/north-america-laboratory-information-management-systems-market
Recent developments in the laboratory information management systems (LIMS) Market
- In 2021, In partnership with the software firm Insightful Science, a member of the life sciences industry, PerkinElmer, Inc. increased the capabilities of its Signals informatics platform to strengthen its position in the biologics drug discovery sector. This will assist the business in growing its platform and product line in order to attract more customers.
- In 2020, Vertafore, a prestigious provider of SaaS solutions, was acquired, according to a statement from Roper Technologies, Inc. The company was able to enhance its SaaS solution offerings thanks to this acquisition. As a result, customers can be offered a variety of solutions using cutting-edge technology, and the product portfolio can also be diversified.
The Prominent Key Players Operating in the North America Laboratory Information Management Systems (LIMS) Market Include:
- Thermo Fisher Scientific Inc. (U.S.)
- PerkinElmer Inc. (U.S.)
- Autoscribe Informatics (U.K.)
- Shimadzu Corporation (Japan)
- Novatek International (Canada)
- Benchling (U.S.)
- Agaram Technologies Pvt Ltd (India)
- Agilent Technologies, Inc. (U.S.)
- LabWare (U.S.)
- STARLIMS Corporation (U.S.)
- IBM Corporation (U.S.)
- Roper Technologies, Inc. (U.S.)
- Illumina, Inc. (U.S.)
- McKesson Corporation (U.S.)
- Infors AG (Switzerland)
- Siemens (Germany)
- Zoho Corporation Pvt. Ltd. (India)
- LabVantage Solutions Inc. (U.S.)
- CloudLIMS.com (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of North America laboratory information management systems (LIMS) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Laboratory Information Management Systems (LIMS) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
