Global LIMS(Laboratory Information Management Systems ) market to grow at a CAGR of 6.04 percent by 2019

Reportstack has announced a new market research report on the Global LIMS Market 2015-2019, which is expected to witness moderate growth at a CAGR of 6.04 during the forecast period of 2014-2019. 

The Global LIMS market is mainly driven by an upsurge in the number of samples for analysis, leading to the development of fast and robust systems that can be remotely controlled. LIMS enables the analysis of samples in a rapid and robust manner. Moreover, it allows better control and monitoring of clinical and drug discovery analysis on a real-time basis.

“The high-end applications available on cellphones will help laboratory technicians to obtain the most accurate data from remote locations,”.

To access full report with TOC, please visit  Global Laboratory Information Management Systems (LIMS) 2015-2019.

“An important advantage of using mobile devices is that users can submit data to LIMS and examine them without physically being present in a laboratory.”

Key Market Drivers

Compliance with Government Regulations
Need for High Productivity and Cost Management
Increased Automation in Organizations
Emergence of Advanced Analytical Tools
Increased Demand for Biobanking

Key Market Trends

Increased Usage of Cloud-based LIMS
Increased Usage of Cellphones
High Adoption of Microfluidic Chips
Development of New Diagnostic Techniques

Key Market Vendors

LabVantage Solutions Inc.
LabWare
STARLIMS Corp. (Abbott Laboratories)
Thermo Fisher Scientific Inc.

To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.

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