DUBLIN, Apr. 08, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/48bh9z/global_laboratory) has announced the addition of the "Global Laboratory Information Management System (LIMS) Market 2015-2019" report to their offering.
The Global LIMS market to grow at a CAGR of 6.04% over the period 2014-2019
LIMS is the information management system specifically designed for medical and industrial-related laboratories. The solution helps scientists in tracking samples and transmitting data to professionals. LIMS offers a way of automating the laboratory, and saves time and improves the quality of data.
This report covers the present scenario and the growth prospects of the Global LIMS market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sale of LIMS including clinical laboratory systems and drug discovery laboratory systems. The report also provides the revenue generated from on-premises and cloud deployment models.
One key trend emerging in this market is the increased usage of cloud-based LIMS by laboratories. Cloud computing is an emerging trend, and it continues to develop because of the cost-advantage and ease of access it offers.
According to the report, one key factor driving the market is the need to comply with government regulations. The governments of many countries have enforced regulations on every industry to improve security and provide better products to the market. LIMS helps laboratory professionals to understand and follow government regulations.
Further, the report states that the high cost of implementing LIMS is one of the major challenges that the market faces. The procurement of raw materials for LIMS along with all required instruments is expensive and may not be affordable for SMEs. In addition, the training cost and the cost of maintenance and updates after implementation enhance the cost of LIMS.
Benefits of using LIMS are:
- Enhancement in efficiency of business
- Improvement in quality of reports
- Improvement in quality of data
- Automated quality control and customer reports
- Easy accessibility to data
- Storage of data in database
The report also provides a detailed analysis of the following end-user sectors that use LIMS software:
- Academic Research
- Food and Beverages
- Pharma and Biotech
- Others: This include Manufacturing, Material Testing, and Personal Care
- LabVanatge Solutions
- ThermoFisher Scientific
Other Prominent Vendors
- Agilent Technologies
- BiochemLab Solutions
For more information visit http://www.researchandmarkets.com/research/48bh9z/global_laboratory
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SOURCE Research and Markets