Laboratory Information Management System Quadrant Report
Emerging markets, including China, India, Japan, Singapore, Brazil, and countries in the Middle East, offer significant growth potential for the Laboratory Information Management Systems (LIMS) market. This opportunity is fueled by the increasing adoption of cloud-based LIMS solutions, which enable laboratories to manage large volumes of data efficiently while lowering the total cost of ownership for laboratory informatics.
However, the market faces challenges that could hinder its growth. Key obstacles include a shortage of technical expertise and persistent interoperability issues between systems, which complicate seamless data integration and usage. Addressing these challenges will be crucial for the sustained expansion of the LIMS market in these regions.
Attractive Opportunities in the Laboratory Information Systems (LIMS) Market
“Software as a service (SaaS) segment accounted to hold a significant share by the cloud-based deployment mode during the forecast period”
The Laboratory Information Management Systems (LIMS) market is categorized by cloud deployment into software-as-a-service (SaaS), infrastructure-as-a-service (IaaS), and platform-as-a-service (PaaS). In 2023, the SaaS segment is anticipated to hold a significant share of the cloud-based deployment market and maintain its dominance throughout the forecast period. This growth is driven by the SaaS model’s capability to seamlessly integrate data from multiple cloud silos, provide unrestricted user access from any location, minimize maintenance costs, and enhance resource utilization efficiency.
“Biobanks & biorepositories segment accounted for a considerable share in the Laboratory Information Management Systems (LIMS) market, by the life sciences industry in 2023”
In 2023, the biobanks and biorepositories segment held a substantial share of the Laboratory Information Management Systems (LIMS) market within the life sciences industry. This dominance is attributed to the growing demand for biobanks, fueled by pharmaceutical companies' increasing emphasis on epidemiology research, biomedical advancements, personalized medicine, and cell-based research initiatives.
“North America dominated the Laboratory Information Management Systems (LIMS) market in 2023”
The Laboratory Information Management Systems (LIMS) market is divided into five key regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America holds the largest share of the LIMS market, driven by several factors. These include the region's high per-capita healthcare expenditure, ongoing advancements in laboratory technologies, and the seamless integration of LIMS with Enterprise Resource Planning (ERP) and Clinical Decision Support (CDS) systems. Additionally, the availability of advanced healthcare facilities and the growing number of biobanks further bolster the market's growth in North America.
Key Market Players
Prominent companies in this market include LabWare (US), LabVantage Solutions Inc. (US), Thermo Fisher Scientific Inc. (US), Agilent Technologies (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US), Accelerated Technology Laboratories (ATL) (US), CloudLIMS (US), Computing Solutions, Inc. (US), GenoLogics Inc. (an Illumina Company) (Canada), Siemens (Germany), Novatek International (Canada), Ovation (US), Clinsys (US), Eusoft Ltd. (Italy), Caliber International (US), LABTrack (US), Agilab SAS (US), Agaram Technologies (India), and AssayNet Inc. (Canada), Blaze Systems Corporation (US), and LabLogic Systems Limited (UK).
Recent Developments
- In February 2024, LabWare opened its new office in Seoul, Korea, and established LabWare Korea Co., Ltd. This office will provide localized support, training, and implementation services to LabWare’s expanding customer base in Korea. With a team of experienced LIMS professionals, the office is set to strengthen LabWare’s presence in the Asia-Pacific region by offering customized solutions tailored to the specific needs of Korean organizations.
- In January 2024, STARLIMS launched Life Sciences for Public Health (LPH) 1.0, a Laboratory Management System (LMS) designed specifically for the public health sector. Built on HTML5 browser-based technology, the system features a modernized user interface and enhanced functionalities. This release marks the beginning of a multi-year initiative to improve user experience and drive innovation within the public health LIMS market.
- In Novemeber 2023, LabWare announced a partnership with Körber to integrate its LIMS with Körber’s Manufacturing Execution System (MES) – PAS-X. This collaboration aims to optimize operations by ensuring seamless communication and improved efficiency between laboratory management and manufacturing execution processes.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS & EXCLUSIONS
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 STAKEHOLDERS
2 MARKET OVERVIEW
2.1 INTRODUCTION
2.2 MARKET DYNAMICS
2.2.1 DRIVERS
2.2.1.1 Growing use of LIMS to comply with stringent regulatory requirements
2.2.1.2 Growing requirement for customizable solutions
2.2.1.3 Increasing adoption of cloud-based and integrated LIMS
2.2.1.4 Growing R&D expenditure in pharmaceutical and biotechnology companies
2.2.1.2 Demand for real-time data access in food & beverage industry
2.2.2 RESTRAINTS
2.2.2.1 High maintenance and service costs
2.2.2.2 Lack of integration standards for LIMS
2.2.2.3 Interoperability challenges
2.2.2.4 Limited adoption of LIMS in small and medium-sized companies
2.2.3 OPPORTUNITIES
2.2.3.1 Growing use of LIMS in cannabis industry
2.2.3.2 Significant growth potential in emerging economies
2.2.4 CHALLENGES
2.2.4.1 Dearth of trained professionals
2.2.4.2 Interfacing challenges with informatics software
2.3 INDUSTRY TRENDS
2.3.1 CLOUD-BASED SOLUTIONS
2.3.2 ADVANCED DATA MANAGEMENT SYSTEMS
2.3.3 MOBILE APPLICATIONS
2.3.4 AUGMENTED REALITY & MIXED REALITY
2.3.5 ADVANCED ANALYTICS AND AI
2.3.6 FUTURE OF LABORATORIES
2.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
2.5 VALUE CHAIN ANALYSIS
2.6 ECOSYSTEM ANALYSIS
2.7 PORTER’S FIVE FORCES ANALYSIS
3 COMPETITIVE LANDSCAPE
3.1 OVERVIEW
3.2 KEY PLAYER STRATEGIES/RIGHT TO WIN
3.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN LABORATORY INFORMATION MANAGEMENT SYSTEMS MARKET
3.3 REVENUE ANALYSIS
3.4 MARKET SHARE ANALYSIS
3.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023
3.5.1 STARS
3.5.2 EMERGING LEADERS
3.5.3 PERVASIVE PLAYERS
3.5.4 PARTICIPANTS
3.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
3.5.5.1 Company footprint
3.5.5.2 Component footprint
3.5.5.3 Type footprint
3.5.5.4 Industry footprint
3.5.5.5 Region footprint
3.6 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023
3.6.1 PROGRESSIVE COMPANIES
3.6.2 RESPONSIVE COMPANIES
3.6.3 DYNAMIC COMPANIES
3.6.4 STARTING BLOCKS
3.6.5 COMPETITIVE BENCHMARKING
3.7 VALUATION & FINANCIAL METRICS OF KEY LABORATORY INFORMATION MANAGEMENT SYSTEMS VENDORS
3.8 BRAND/PRODUCT COMPARATIVE ANALYSIS
3.9 COMPETITIVE SITUATION
3.9.1 PRODUCT LAUNCHES & ENHANCEMENTS
3.9.2 DEALS
3.9.3 EXPANSIONS
3.9.4 OTHER DEVELOPMENTS
4 COMPANY PROFILES
4.1 KEY PLAYERS
4.1.1 LABWARE, INC.
4.1.1.1 Business overview
4.1.1.2 Products/solutions/services offered
4.1.1.3 Recent developments
4.1.1.3.1 Product launches & upgrades
4.1.1.3.2 Deals
4.1.1.3.3 Expansions
4.1.1.3.4 Other developments
4.1.1.4 MnM view
4.1.1.4.1 Right to win
4.1.1.4.2 Strategic choices
4.1.1.4.3 Weaknesses & competitive threats
4.1.2 LABVANTAGE SOLUTIONS, INC.
4.1.2.1 Business overview
4.1.2.2 Products/solutions/services offered
4.1.2.3 Recent developments
4.1.2.3.1 Product launches, upgrades, and enhancements
4.1.2.3.2 Deals
4.1.2.4 MnM view
4.1.2.4.1 Right to win
4.1.2.4.2 Strategic choices
4.1.2.4.3 Weaknesses & competitive threats
4.1.3 THERMO FISHER SCIENTIFIC INC.
4.1.3.1 Business overview
4.1.3.2 Products/solutions/services offered
4.1.3.3 Recent developments
4.1.3.3.1 Product launches & upgrades
4.1.3.3.2 Deals
4.1.3.3.3 Expansions
4.1.3.4 MnM view
4.1.3.4.1 Right to win
4.1.3.4.2 Strategic choices
4.1.3.4.3 Weaknesses & competitive threats
4.1.4 STARLIMS CORPORATION
4.1.4.1 Business overview
4.1.4.2 Products/solutions/services offered
4.1.4.3 Recent developments
4.1.4.3.1 Product launches & upgrades
4.1.4.3.2 Deals
4.1.4.3.3 Other developments
4.1.4.4 MnM view
4.1.4.4.1 Right to win
4.1.4.4.2 Strategic choices
4.1.4.4.3 Weaknesses & competitive threats
4.1.5 AGILENT TECHNOLOGIES, INC.
4.1.5.1 Business overview
4.1.5.2 Products/solutions/services offered
4.1.5.3 Recent developments
4.1.5.3.1 Deals
4.1.5.4 MnM view
4.1.5.4.1 Right to win
4.1.5.4.2 Strategic choices
4.1.5.4.3 Weaknesses & competitive threats
4.1.6 LABLYNX, INC.
4.1.6.1 Business overview
4.1.6.2 Products/solutions/services offered
4.1.6.3 Recent developments
4.1.6.3.1 Product launches & upgrades
4.1.7 CLINISYS
4.1.7.1 Business overview
4.1.7.2 Products/solutions/services offered
4.1.7.3 Recent developments
4.1.7.3.1 Product launches & upgrades
4.1.7.3.2 Deals
4.1.8 AUTOSCRIBE INFORMATICS (XYBION CORPORATION)
4.1.8.1 Business overview
4.1.8.2 Products/solutions/services offered
4.1.8.3 Recent developments
4.1.8.3.1 Product launches & upgrades
4.1.8.3.2 Deals
4.1.8.3.3 Expansions
4.1.8.3.4 Other developments
4.1.9 LABWORKS
4.1.9.1 Business overview
4.1.9.2 Products/solutions/services offered
4.1.9.3 Recent developments
4.1.9.3.1 Product upgrades
4.1.10 DASSAULT SYSTÈMES
4.1.10.1 Business overview
4.1.10.2 Products/solutions/services offered
4.1.11 ACCELERATED TECHNOLOGY LABORATORIES
4.1.11.1 Business overview
4.1.11.2 Products/solutions/services offered
4.1.11.3 Recent developments
4.1.11.3.1 Deals
4.1.11.3.2 Other developments
4.1.12 CLOUDLIMS
4.1.12.1 Business overview
4.1.12.2 Products/solutions/services offered
4.1.12.3 Recent developments
4.1.12.3.1 Product upgrades
4.1.12.3.2 Deals
4.1.13 COMPUTING SOLUTIONS, INC.
4.1.13.1 Business overview
4.1.13.2 Products/solutions/services offered
4.1.14 SIEMENS
4.1.14.1 Business overview
4.1.14.2 Products/solutions/services offered
4.1.15 NOVATEK INTERNATIONAL
4.1.15.1 Business overview
4.1.15.2 Products/solutions/services offered
4.1.15.3 Recent developments
4.1.15.3.1 Other developments
4.1.16 OVATION
4.1.16.1 Business overview
4.1.16.2 Products/solutions/services offered
4.1.16.3 Recent developments
4.1.16.3.1 Service launches
4.1.16.3.2 Deals
4.1.16.3.3 Other developments
4.1.17 ILLUMINA, INC.
4.1.17.1 Business overview
4.1.17.2 Products/solutions/services offered
4.1.17.3 Recent developments
4.1.17.3.1 Product upgrades
4.1.17.3.2 Deals
4.1.18 EUSOFT LTD.
4.1.18.1 Business overview
4.1.18.2 Products/solutions/services offered
4.1.19 CALIBER TECHNOLOGIES
4.1.19.1 Business overview
4.1.19.2 Products/solutions/services offered
4.1.20 LABTRACK
4.1.20.1 Business overview
4.1.20.2 Products/solutions/services offered
4.2 OTHER PLAYERS
4.2.1 AGILAB
4.2.2 AGARAM TECHNOLOGIES
4.2.3 ASSAYNET INC.
4.2.4 BLAZE SYSTEMS CORPORATION
4.2.5 THIRD WAVE ANALYTICS, INC.
COMPANY PROFILES
KEY PLAYERS
LABWARE, INC
LABVANTAGE SOLUTIONS, INC
THERMO FISHER SCIENTIFIC INC
STARLIMS CORPORATION
AGILENT TECHNOLOGIES, INC
LABLYNX, INC
CLINISYS
AUTOSCRIBE INFORMATICS (XYBION CORPORATION)
LABWORKS
DASSAULT SYSTÈMES
ACCELERATED TECHNOLOGY LABORATORIES
CLOUDLIMS
COMPUTING SOLUTIONS, INC
SIEMENS
NOVATEK INTERNATIONAL
OVATION
ILLUMINA, INC
EUSOFT LTD
LABTRACK
OTHER PLAYERS
AGILAB
AGARAM TECHNOLOGIES
ASSAYNET INC
BLAZE SYSTEMS CORPORATION
THIRD WAVE ANALYTICS, INC
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