Laboratory Information Management System Industry Forecast and Size Analysis 2019-2025
Global Laboratory Information Management System Industry was valued at USD 670 Million in the year 2017. Global Laboratory Information Management System Industry is further estimated to grow at a CAGR of 9.5 from 2019 to reach USD 1360.70 Million by the year 2025. North America region holds the highest Industry share and European region is considered as the fastest growing Industry in the forecasted period. Strong economies of the US and Canada that allows a significant investment in new technologies, growth in biobanks, easy availability of LIMS products and services, and stringent regulatory requirements across industries are the key factors driving the growth of the LIMS Industry in North America. Major market players in Laboratory Information Management System Industry are Labware, Thermo Fisher Scientific, Labvantage, Abbott Informatics, Computing Solutions, Lablynx, Labvantage, Labworks LLC, Siemens, Dassault Systèmes, and brief overview of 10 companies is also provided in the report.
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SWOT Analysis of Laboratory Information Management System Industry: Strength: Growing Use of LIMS to Comply With Stringent Regulatory Requirements Growing Adoption of Cloud-Based LIMS Weakness: High Maintenance and Service Costs