DALLAS, December 18, 2014 /PRNewswire/ --
According to the new research report "Laboratory Information Management Systems/ LIMS Market by Product (COTS & Legacy), Delivery Mode (On-premise, Hosted, Cloud), Component (Software & Services), End User Industries (Healthcare, CRO, Petrochemical, Oil and Gas, Chemical) - Forecast to 2019", published by MarketsandMarkets, the global Laboratory Information Management Systems (LIMS) Market is expected to reach $1,323.6 Million by 2019 from $848.5 Million in 2014, growing at a CAGR of 9.3% from 2014 to 2019.
Browse 130 market data tables, 56 figures spread through 191 pages and in-depth TOC on "Laboratory Information Management Systems/ LIMS Market"
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The LIMS market is segmented on the basis of end user, delivery mode, product, component, and region. Among end users, the healthcare industries segment is expected to account for the largest share in 2014, and show the highest growth. This is mainly due to the rising burden of regulatory compliance, technological advancements, and new product launches for this end-user segment. Furthermore, factors such as the increasing need to integrate healthcare systems, replacement of legacy systems by commercial off-the-shelf (COTS) LIMS (especially by pharmaceutical laboratories) and increasing government funding and support for implementing healthcare IT tools are bolstering the growth of this market.
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Based on region, the LIMS market is segmented into North America, Europe, Asia, and Rest of the World (RoW). As of 2014, North America is expected to account for the largest share of the market. The large share of this region can be attributed to the established IT infrastructure, significant government funding in manufacturing industries, easy availability of LIMS products and services, and awareness on the latest trends and LIMS technologies.
Prominent players in the Laboratory Information Management Systems (LIMS) Market are LabWare, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), STARLIMS Corporation (An Abbott Company) (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Core Informatics (U.S.), Autoscribe Informatics (U.S.), PerkinElmer, Inc. (U.S.), Computing Solutions, Inc. (U.S.), LabLynx, Inc. (U.S.), GenoLogics (Canada). Other players include Novatek International (U.S.), Chemware LLC (U.S.), Khemia Software (U.S.), LabLogic Systems (U.S.), and Promium LLC (U.S.).
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