(MENAFN- pr newswire) new york, june 22, 2023 /prnewswire/ -- the laboratory information management system (lims) market size is set to grow by usd 907.08 million between 2022 and 2027 and register a cagr of 9.08% , according to technavio's latest market research report estimates. with a focus on identifying dominant industry influencers, technavio's reports present a detailed study through the synthesis and summation of data from multiple sources. technavio offers in-depth market insights that assist global businesses to obtain growth opportunities.
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technavio has announced its latest market research report titled global laboratory information management system (lims) market 2023-2027

• laboratory information management system (lims) market size
• laboratory information management system (lims) market trends
• laboratory information management system (lims) market industry analysis

laboratory information management system (lims) market 2023-2027: segmentation

• deployment
  
  • on-premise
  • cloud-based
• component
  
  • software
  • services
• geography
  
  • north america
  • europe
  • asia
  • rest of world (row)

the market share growth in the on-premise
segment will be significant during the forecast period. lims, generally deployed on-premises, provides better data security with high control compared to that of cloud-based deployment. large firms with enough resources are adopting these solutions. hence, such factors drive the segment growth during the forecast period.

learn more about the factors assisting the growth of the market, download a
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laboratory information management system (lims) market 2023-2027: vendor analysis and scope

some of the major vendors of the laboratory information management system (lims) market
include abbott laboratories, accelerated technology laboratories inc., agile frameworks llc, attune technologies pvt. ltd., autoscribe informatics, benchling inc., broughton software ltd., comp pro med inc., computing solutions, eusoft ltd., illumina inc., lablynx inc., labvantage solutions inc., labware inc., labworks llc, nous infosystems pvt. ltd., novatek international, perkinelmer inc., shimadzu corp., and thermo fisher scientific inc. to help businesses improve their market position, technavio's report provides a detailed analysis of around 15+ vendors operating in the market. to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. backed with competitive intelligence and benchmarking, our research reports on the laboratory information management system (lims) market are designed to provide entry support, customer profile & m&as as well as go-to-market strategy support.
vendor offering

• agile frameworks llc -
  the company offers a laboratory information management system (lims) that allows for managing samples with a chain-of-custody process.
• benchling inc. -
  the company offers a laboratory information management system (lims) that serves as a central productivity hub to manage lab data, workflows, and teams and increase lab operational efficiency.
• broughton software ltd. -
  the company offers a laboratory information management system (lims) that helps us to manage quality control data easily and efficiently.

laboratory information management system (lims) market 2023-2027: market dynamics

key drivers

adherence to compliance and government regulations is the major driver impacting the growth of the laboratory information management system market. industries such as food and beverage and healthcare must adhere to stringent regulatory rules. as a result, laboratories are automating data processing to remove the risks associated with misuse of information and erroneous analysis. the regulations also require data to be easily accessible and securely stored for a long period of time. this raises laboratory it investment and increases lims usage. furthermore, various other regulations are put in place to ensure that a laboratory is following all the proper procedures. hence, the above factors will increase market growth during the forecast period.

major trends

the emergence of saas-based lims is the major trend driving the growth of the laboratory information management system market. the high demand for bio-banking is another major factor supporting the laboratory information management system (lims) market share growth. the lims solution effectively manages and tracks data quality, bio-species location, security, compliances, end-user billing, and patient demographics which is required for the research and plays an essential role for the biobank. in addition, lims also helps in improving the sampling of data that involves different laboratories, fda, and partner organizations and integrating research information. hence the above-mentioned factors will drive the market growth during the forecast period.

significant challenges

increasing data security and privacy concerns are the major restriction to the growth of the laboratory information management system market.
key factors such as cost-effectiveness and ease of accessibility have attracted many organizations to prefer cloud-based solutions over on-premises solutions. as a result, cost-effective cloud deployment with better features and agility is the best option for such organizations. the it in government healthcare agencies is adopting cloud technologies which have become an integral part of it. hence, the implementation of lims and the data stored in the cloud are likely to be leaked which restricts the growth of the market.

what's new? -

• special coverage on the russia-ukraine war; global inflation; recovery analysis from covid-19; supply chain disruptions, global trade tensions; and risk of recession
• global competitiveness and key competitor positions
• market presence across multiple geographical footprints - strong/active/niche/trivial -
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laboratory information management system (lims) market 2023-2027: key highlights

• cagr of the market during the forecast period 2023-2027
• detailed information on factors that will assist laboratory information management system (lims) market growth during the next five years
• estimation of the laboratory information management system (lims) market and its contribution to the parent market
• predictions on upcoming trends and changes in consumer behavior
• the growth of the laboratory information management system (lims) market
• analysis of the market's competitive landscape and detailed information on vendors
• comprehensive details of factors that will challenge the growth of laboratory information management system (lims) market
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laboratory information management system (lims) market scope
report coverage	details
base year	2022
historic period	2017-2021
forecast period	2023-2027
growth momentum & cagr	accelerate at a cagr of 9.08%
market growth 2023-2027	usd 907.08 million
market structure	fragmented
yoy growth 2022-2023(%)	10.89
regional analysis	north america, europe, asia, and the rest of the world (row)
performing market contribution	north america at 41%
key countries	us, germany, uk, china, and japan
competitive landscape	leading vendors, market positioning of vendors, competitive strategies, and industry risks
key companies profiled	abbott laboratories, accelerated technology laboratories inc., agile frameworks llc, attune technologies pvt. ltd., autoscribe informatics, benchling inc., broughton software ltd., comp pro med inc., computing solutions, eusoft ltd., illumina inc., lablynx inc., labvantage solutions inc., labware inc., labworks llc, nous infosystems pvt. ltd., novatek international, perkinelmer inc., shimadzu corp., and thermo fisher scientific inc.
market dynamics	parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, covid-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
customization purview	if our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

table of contents

1 executive summary

• 1.1 market overview
  • exhibit 01: executive summary – chart on market overview
  • exhibit 02: executive summary – data table on market overview
  • exhibit 03: executive summary – chart on global market characteristics
  • exhibit 04: executive summary – chart on market by geography
  • exhibit 05: executive summary – chart on market segmentation by deployment
  • exhibit 06: executive summary – chart on market segmentation by component
  • exhibit 07: executive summary – chart on incremental growth
  • exhibit 08: executive summary – data table on incremental growth
  • exhibit 09: executive summary – chart on vendor market positioning

2 market landscape

• 2.1 market ecosystem
  • exhibit 10: parent market
  • exhibit 11: market characteristics

3 market sizing

• 3.1 market definition
  • exhibit 12: offerings of vendors included in the market definition

• 3.2 market segment analysis
  
  • exhibit 13: market segments

• 3.3 market size 2022

• 3.4 market outlook: forecast for 2022-2027
  
  • exhibit 14: chart on global - market size and forecast 2022-2027 ($ million)
  • exhibit 15: data table on global - market size and forecast 2022-2027 ($ million)
  • exhibit 16: chart on global market: year-over-year growth 2022-2027 (%)
  • exhibit 17: data table on global market: year-over-year growth 2022-2027 (%)

4 historic market size

• 4.1 global laboratory information management system (lims) market 2017 - 2021
  
  • exhibit 18: historic market size – data table on global laboratory information management system (lims) market 2017 - 2021 ($ million)

• 4.2 deployement segment analysis 2017 - 2021
  
  • exhibit 19: historic market size – deployement segment 2017 - 2021 ($ million)

• 4.3 component segment analysis 2017 - 2021
  
  • exhibit 20: historic market size – component segment 2017 - 2021 ($ million)

• 4.4 geography segment analysis 2017 - 2021
  
  • exhibit 21: historic market size – geography segment 2017 - 2021 ($ million)

• 4.5 country segment analysis 2017 - 2021
  
  • exhibit 22: historic market size – country segment 2017 - 2021 ($ million)

5 five forces analysis

• 5.1 five forces summary
  • exhibit 23: five forces analysis - comparison between 2022 and 2027

• 5.2 bargaining power of buyers
  
  • exhibit 24: chart on bargaining power of buyers – impact of key factors 2022 and 2027

• 5.3 bargaining power of suppliers
  
  • exhibit 25: bargaining power of suppliers – impact of key factors in 2022 and 2027

• 5.4 threat of new entrants
  
  • exhibit 26: threat of new entrants – impact of key factors in 2022 and 2027

• 5.5 threat of substitutes
  
  • exhibit 27: threat of substitutes – impact of key factors in 2022 and 2027

• 5.6 threat of rivalry
  • exhibit 28: threat of rivalry – impact of key factors in 2022 and 2027

• 5.7 market condition
  • exhibit 29: chart on market condition - five forces 2022 and 2027

6 market segmentation by deployment

• 6.1 market segments
  • exhibit 30: chart on deployment - market share 2022-2027 (%)
  • exhibit 31: data table on deployment - market share 2022-2027 (%)

• 6.2 comparison by deployment
  
  • exhibit 32: chart on comparison by deployment
  • exhibit 33: data table on comparison by deployment

• 6.3 on-premise - market size and forecast 2022-2027
  
  • exhibit 34: chart on on-premise - market size and forecast 2022-2027 ($ million)
  • exhibit 35: data table on on-premise - market size and forecast 2022-2027 ($ million)
  • exhibit 36: chart on on-premise - year-over-year growth 2022-2027 (%)
  • exhibit 37: data table on on-premise - year-over-year growth 2022-2027 (%)

• 6.4 cloud-based - market size and forecast 2022-2027
  
  • exhibit 38: chart on cloud-based - market size and forecast 2022-2027 ($ million)
  • exhibit 39: data table on cloud-based - market size and forecast 2022-2027 ($ million)
  • exhibit 40: chart on cloud-based - year-over-year growth 2022-2027 (%)
  • exhibit 41: data table on cloud-based - year-over-year growth 2022-2027 (%)

• 6.5 market opportunity by deployment
  
  • exhibit 42: market opportunity by deployment ($ million)

7 market segmentation by component

• 7.1 market segments
  • exhibit 43: chart on component - market share 2022-2027 (%)
  • exhibit 44: data table on component - market share 2022-2027 (%)

• 7.2 comparison by component
  
  • exhibit 45: chart on comparison by component
  • exhibit 46: data table on comparison by component

• 7.3 software - market size and forecast 2022-2027
  
  • exhibit 47: chart on software - market size and forecast 2022-2027 ($ million)
  • exhibit 48: data table on software - market size and forecast 2022-2027 ($ million)
  • exhibit 49: chart on software - year-over-year growth 2022-2027 (%)
  • exhibit 50: data table on software - year-over-year growth 2022-2027 (%)

• 7.4 services - market size and forecast 2022-2027
  
  • exhibit 51: chart on services - market size and forecast 2022-2027 ($ million)
  • exhibit 52: data table on services - market size and forecast 2022-2027 ($ million)
  • exhibit 53: chart on services - year-over-year growth 2022-2027 (%)
  • exhibit 54: data table on services - year-over-year growth 2022-2027 (%)

• 7.5 market opportunity by component
  
  • exhibit 55: market opportunity by component ($ million)

8 customer landscape

• 8.1 customer landscape overview
  
  • exhibit 56: analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 geographic landscape

• 9.1 geographic segmentation
  
  • exhibit 57: chart on market share by geography 2022-2027 (%)
  • exhibit 58: data table on market share by geography 2022-2027 (%)

• 9.2 geographic comparison
  
  • exhibit 59: chart on geographic comparison
  • exhibit 60: data table on geographic comparison

• 9.3 north america - market size and forecast 2022-2027
  
  • exhibit 61: chart on north america - market size and forecast 2022-2027 ($ million)
  • exhibit 62: data table on north america - market size and forecast 2022-2027 ($ million)
  • exhibit 63: chart on north america - year-over-year growth 2022-2027 (%)
  • exhibit 64: data table on north america - year-over-year growth 2022-2027 (%)

• 9.4 europe - market size and forecast 2022-2027
  
  • exhibit 65: chart on europe - market size and forecast 2022-2027 ($ million)
  • exhibit 66: data table on europe - market size and forecast 2022-2027 ($ million)
  • exhibit 67: chart on europe - year-over-year growth 2022-2027 (%)
  • exhibit 68: data table on europe - year-over-year growth 2022-2027 (%)

• 9.5 asia - market size and forecast 2022-2027
  
  • exhibit 69: chart on asia - market size and forecast 2022-2027 ($ million)
  • exhibit 70: data table on asia - market size and forecast 2022-2027 ($ million)
  • exhibit 71: chart on asia - year-over-year growth 2022-2027 (%)
  • exhibit 72: data table on asia - year-over-year growth 2022-2027 (%)

• 9.6 rest of world (row) - market size and forecast 2022-2027
  
  • exhibit 73: chart on rest of world (row) - market size and forecast 2022-2027 ($ million)
  • exhibit 74: data table on rest of world (row) - market size and forecast 2022-2027 ($ million)
  • exhibit 75: chart on rest of world (row) - year-over-year growth 2022-2027 (%)
  • exhibit 76: data table on rest of world (row) - year-over-year growth 2022-2027 (%)

• 9.7 us - market size and forecast 2022-2027
  
  • exhibit 77: chart on us - market size and forecast 2022-2027 ($ million)
  • exhibit 78: data table on us - market size and forecast 2022-2027 ($ million)
  • exhibit 79: chart on us - year-over-year growth 2022-2027 (%)
  • exhibit 80: data table on us - year-over-year growth 2022-2027 (%)

• 9.8 germany - market size and forecast 2022-2027
  
  • exhibit 81: chart on germany - market size and forecast 2022-2027 ($ million)
  • exhibit 82: data table on germany - market size and forecast 2022-2027 ($ million)
  • exhibit 83: chart on germany - year-over-year growth 2022-2027 (%)
  • exhibit 84: data table on germany - year-over-year growth 2022-2027 (%)

• 9.9 uk - market size and forecast 2022-2027
  
  • exhibit 85: chart on uk - market size and forecast 2022-2027 ($ million)
  • exhibit 86: data table on uk - market size and forecast 2022-2027 ($ million)
  • exhibit 87: chart on uk - year-over-year growth 2022-2027 (%)
  • exhibit 88: data table on uk - year-over-year growth 2022-2027 (%)

• 9.10 china - market size and forecast 2022-2027
  
  • exhibit 89: chart on china - market size and forecast 2022-2027 ($ million)
  • exhibit 90: data table on china - market size and forecast 2022-2027 ($ million)
  • exhibit 91: chart on china - year-over-year growth 2022-2027 (%)
  • exhibit 92: data table on china - year-over-year growth 2022-2027 (%)

• 9.11 japan - market size and forecast 2022-2027
  
  • exhibit 93: chart on japan - market size and forecast 2022-2027 ($ million)
  • exhibit 94: data table on japan - market size and forecast 2022-2027 ($ million)
  • exhibit 95: chart on japan - year-over-year growth 2022-2027 (%)
  • exhibit 96: data table on japan - year-over-year growth 2022-2027 (%)

• 9.12 market opportunity by geography
  
  • exhibit 97: market opportunity by geography ($ million)

10 drivers, challenges, and trends

• 10.1 market drivers

• 10.2 market challenges

• 10.3 impact of drivers and challenges
  
  • exhibit 98: impact of drivers and challenges in 2022 and 2027

• 10.4 market trends

11 vendor landscape

• 11.1 overview

• 11.2 vendor landscape
  • exhibit 99: overview on criticality of inputs and factors of differentiation

• 11.3 landscape disruption
  • exhibit 100: overview on factors of disruption

• 11.4 industry risks
  • exhibit 101: impact of key risks on business

12 vendor analysis

• 12.1 vendors covered
  • exhibit 102: vendors covered

• 12.2 market positioning of vendors
  
  • exhibit 103: matrix on vendor position and classification

• 12.3 abbott laboratories
  • exhibit 104: abbott laboratories - overview
  • exhibit 105: abbott laboratories - business segments
  • exhibit 106: abbott laboratories - key news
  • exhibit 107: abbott laboratories - key offerings
  • exhibit 108: abbott laboratories - segment focus

• 12.4 accelerated technology laboratories inc.
  
  • exhibit 109: accelerated technology laboratories inc. - overview
  • exhibit 110: accelerated technology laboratories inc. - product / service
  • exhibit 111: accelerated technology laboratories inc. - key news
  • exhibit 112: accelerated technology laboratories inc. - key offerings

• 12.5 agile frameworks llc
  • exhibit 113: agile frameworks llc - overview
  • exhibit 114: agile frameworks llc - product / service
  • exhibit 115: agile frameworks llc - key offerings

• 12.6 attune technologies pvt. ltd.
  
  • exhibit 116: attune technologies pvt. ltd. - overview
  • exhibit 117: attune technologies pvt. ltd. - product / service
  • exhibit 118: attune technologies pvt. ltd. - key offerings

• 12.7 autoscribe informatics
  
  • exhibit 119: autoscribe informatics - overview
  • exhibit 120: autoscribe informatics - product / service
  • exhibit 121: autoscribe informatics - key offerings

• 12.8 benchling inc.
  • exhibit 122: benchling inc. - overview
  • exhibit 123: benchling inc. - product / service
  • exhibit 124: benchling inc. - key offerings

• 12.9 broughton software ltd.
  
  • exhibit 125: broughton software ltd. - overview
  • exhibit 126: broughton software ltd. - product / service
  • exhibit 127: broughton software ltd. - key offerings

• 12.10 eusoft ltd.
  • exhibit 128: eusoft ltd. - overview
  • exhibit 129: eusoft ltd. - product / service
  • exhibit 130: eusoft ltd. - key offerings

• 12.11 illumina inc.
  • exhibit 131: illumina inc. - overview
  • exhibit 132: illumina inc. - business segments
  • exhibit 133: illumina inc. - key news
  • exhibit 134: illumina inc. - key offerings
  • exhibit 135: illumina inc. - segment focus

• 12.12 lablynx inc.
  • exhibit 136: lablynx inc. - overview
  • exhibit 137: lablynx inc. - product / service
  • exhibit 138: lablynx inc. - key offerings

• 12.13 labvantage solutions inc.
  
  • exhibit 139: labvantage solutions inc. - overview
  • exhibit 140: labvantage solutions inc. - product / service
  • exhibit 141: labvantage solutions inc. - key offerings

• 12.14 labware inc.
  • exhibit 142: labware inc. - overview
  • exhibit 143: labware inc. - product / service
  • exhibit 144: labware inc. - key offerings

• 12.15 labworks llc
  • exhibit 145: labworks llc - overview
  • exhibit 146: labworks llc - product / service
  • exhibit 147: labworks llc - key offerings

• 12.16 shimadzu corp.
  • exhibit 148: shimadzu corp. - overview
  • exhibit 149: shimadzu corp. - business segments
  • exhibit 150: shimadzu corp. - key news
  • exhibit 151: shimadzu corp. - key offerings
  • exhibit 152: shimadzu corp. - segment focus

• 12.17 thermo fisher scientific inc.
  
  • exhibit 153: thermo fisher scientific inc. - overview
  • exhibit 154: thermo fisher scientific inc. - business segments
  • exhibit 155: thermo fisher scientific inc. - key news
  • exhibit 156: thermo fisher scientific inc. - key offerings
  • exhibit 157: thermo fisher scientific inc. - segment focus

13 appendix

• 13.1 scope of the report

• 13.2 inclusions and exclusions checklist
  
  • exhibit 158: inclusions checklist
  • exhibit 159: exclusions checklist

• 13.3 currency conversion rates for us$
  
  • exhibit 160: currency conversion rates for us$

• 13.4 research methodology
  • exhibit 161: research methodology
  • exhibit 162: validation techniques employed for market sizing
  • exhibit 163: information sources

• 13.5 list of abbreviations
  
  • exhibit 164: list of abbreviations

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