Redding, California, Aug. 08, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled, “North America LIMS Market by Mode of Delivery [On-premise, Cloud], Component [Service, Software], Type [Multi-purpose, Purpose-built], End User [Life Science, Food & Beverage, Petrochemical, Oil & Gas, Chemical, Environmental Industry) - Forecast to 2030”, published by Meticulous Research®, the North America LIMS market is expected to grow at a CAGR of 7.10% from 2023 to 2030 to reach $763.5 million by 2030.
A laboratory information management system (LIMS) is a software-based solution that supports laboratory operations. LIMS helps to integrate instruments, automate workflows, and manage samples & associated information. It helps to improve lab productivity and efficiency.
Download Free Report Sample Now: https://www.meticulousresearch.com/download-sample-report/cp_id=5553
LIMS tracks and stores information about a sample from when it enters a laboratory until it has undergone processing. Nowadays, it has transformed into an enterprise resource planning tool that manages multiple aspects of laboratory informatics. Advantages include streamlined workflow, improved laboratory efficiency, elimination of human errors, support in regulatory compliance, inventory tracking, and increased revenue. The LIMS market has been transformed by incorporating artificial intelligence (AI), machine learning (ML), and advancement in biostatistics.
The growth of this market is driven by factors such as increasing R&D activities in the life sciences industry, the growing use of automation in laboratories, technological advancements in laboratory informatics solutions, and the rising need to comply with regulatory frameworks. However, cost constraints are restraining the market’s growth.
The increasing adoption of cloud-based LIMS is expected to offer significant market growth opportunities. However, the migration from legacy LIMS to new systems and data security & privacy concerns pose a major challenge to the market’s growth.
Have Any Query? Ask To Analyst: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5553
Technological Advancements in Laboratory Informatics Solutions to Boost the Growth of the North America LIMS Market
With many legacy systems about to run out of support, organizations are looking for replacements with technologically advanced laboratory information management solutions. Burdened by the increasing data volumes, sample throughput, and frequent changes in technology and regulations, laboratories are increasingly modernizing their approach to managing, tracking, and centralizing research and manufacturing data. Moreover, the sudden increase in advanced technologies, including genomics, proteomics, and personalized medicine, has created the need to structure data management. As standalone and legacy systems do not meet all lab requirements, the industry demands modern, agile, commercial off-the-shelf, integrated lab informatics solutions that enable the labs to capture, share, analyze, and act upon vast amounts of complex data to run labs efficiently. Such factors are driving innovation and demand for advanced LIMS solutions. Moreover, the COVID-19 pandemic acted as a catalyst for the digitization of laboratories. It demanded innovative LIMS systems to avoid a complete shutdown of the laboratory and be able to continue their work safely.
The North America LIMS Market is segmented based on Mode of Delivery [Web and Cloud-based LIMS, and On-premise LIMS], Offering [Software and Services], Type [Multi-purpose LIMS and Purpose-built LIMS], End User (Life Sciences [Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Biobanks & Biorepositories, Contract Research Organizations (CROs), and Other Life Sciences End Users]), Food & Beverage Industry, Petrochemicals and Oil & Gas Industries, Chemical Industry, Environmental Testing Laboratories, and Other End Users]). The study also evaluates industry competitors and analyzes the market at the country level.
The report also includes an extensive assessment of the key growth strategies adopted by leading market players in the last three to four years. Some of the key players operating in the North America LIMS market are LabWare, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), LabVantage Solutions Inc. (U.S.), LabLynx, Inc. (U.S.), Labworks LLC (U.S.), Agilent Technologies, Inc. (U.S.), Labii Inc. (U.S.), Accelerated Technology Laboratories, Inc. (U.S.), LABTrack (U.S.), Computing Solutions, Inc. (U.S.), Ovation (U.S.), CloudLIMS.com (U.S.), STARLIMS Corporation (U.S.), Illumina, Inc. (U.S), and Novatek International (Canada).
Quick Buy – North America LIMS Market- Global Opportunity Analysis and Industry Forecast (2023-2030), Research Report: https://www.meticulousresearch.com/Checkout/99183642
Among the mode of deliveries, in 2023, the web and cloud-based LIMS segment is expected to account for the largest share of the North America LIMS market. Many organizations are turning towards deploying web-based and cloud-based LIMS as it offers data accessibility from multiple locations, multiple systems, and multiple branches. Furthermore, the cost-effectiveness and scalability offered by web & cloud-based LIMS contribute to this segment's largest share.
Among the offerings, in 2023, the software segment is expected to account for the largest North America LIMS market share. Increasing awareness about laboratory informatics, the rising need for regulatory compliance, the increasing trend towards laboratory automation, and decreasing cost of informatics solutions contribute to the large market share of this segment.
Among the types, the multi-purpose LIMS segment is estimated to grow at the highest CAGR during the forecast period. Multi-purpose LIMS provide flexibility and offer value-added modules that enhance their usefulness in various organizations and laboratories. These systems find applications in research and development labs, stability labs, environmental monitoring labs, quality testing labs, pre-clinical labs, and clinical trial testing labs. The versatility and broad range of functionalities offered by multi-purpose LIMS contribute to the market growth of this segment.
Among the end users, in 2023, the life sciences segment is expected to account for the largest share of the North America LIMS market. The large market share of this segment is attributed to the increased concerns over data integrity, validity, and security due to regulatory pressures on pharmaceutical companies, rise in R&D activities, and concern over cost efficiency & productivity.
On the country level, the North America LIMS market is segmented into the U.S. and Canada. In 2023, the U.S. is expected to account for the largest share of the North America LIMS market. The large market share of the U.S. is primarily attributed to factors such as substantial R&D investments by public institutions and pharmaceutical companies, stringent government regulations mandating the use of data management systems across various industries, a strong presence of large pharmaceutical and biotechnology companies, the presence of leading LIMS vendors, increasing demand for integrated laboratory systems, and the growing adoption of cloud-based LIMS solutions.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/north-america-lims-market-5553
Scope of the Report:
North America LIMS Market Size & Trend Analysis—by Mode of Delivery
- Web & Cloud-based LIMS
- On-premise LIMS
North America LIMS Market Size & Trend Analysis—by Offering
- Software
- Services
North America LIMS Market Size & Trend Analysis—by Type
- Multi-purpose LIMS
- Purpose-built LIMS
North America LIMS Market Size & Trend Analysis—by End User
- Life Sciences
- Pharmaceutical & Biotechnology Companies
- Academic & Research Institutes
- Biobanks & Biorepositories
- Contract Research Organizations (CROs)
- Other Life Sciences End Users
- Food & Beverage Industry
- Chemical Industry
- Petrochemicals and Oil & Gas Industries
- Environmental Testing Laboratories
- Other End Users
Notes: 1. Other life sciences end users include hospitals, medical device companies, diagnostic laboratories, and toxicology testing laboratories.
2. Other end users include forensic laboratories, mining & metal laboratories, and contract manufacturing organizations (CMOs).
North America LIMS Market Size & Trend Analysis—by Geography
-
- U.S.
- Canada
Request Free Report Sample Now: https://www.meticulousresearch.com/request-sample-report/cp_id=5553
Related Reports:
Laboratory Information Management System (LIMS) Market by Mode of Delivery (On-premise, Cloud), Offering (Software, Services), Type (Multi-purpose, Purpose-built), End User (Life Science, Food & Beverage, Petrochemical, Chemical) - Global Forecast to 2030
https://www.meticulousresearch.com/product/laboratory-information-management-system-market-4009
Electronic Lab Notebook Market by Product (Cross-disciplinary, Specific), Technology (Proprietary, Open-source), Channel (Web & Cloud-based, On-premise), End User (Pharmaceutical, Biotech, CROs, Academia Research, F&B) - Global Forecast to 2029
https://www.meticulousresearch.com/product/electronic-lab-notebook-eln-market-4341
Telehealth Market by Component [Hardware (Peripheral Devices, Monitor), Software (Cloud, On-premise), Services (Real-time, Remote Monitoring)], Application (Radiology, Cardiology, Psychiatry), End User (Provider, Payer, Patient) - Global Forecast to 2029
https://www.meticulousresearch.com/product/telehealth-market-4174
Real-world Data (RWD) Market by Source (EMR, Claims, Pharmacy, Disease Registries), Application [Market Access, Drug Development & Approvals (Oncology, Neurology), Post Market Surveillance], End User (Pharma, Payers, Providers) - Global Forecast to 2029
https://www.meticulousresearch.com/product/real-world-data-market-5297
Healthcare Artificial Intelligence Market by Product and Services (Software, Services), Technology (Machine Learning, NLP), Application (Medical Imaging, Precision Medicine, Patient Management), End User (Hospitals, Patients) - Global Forecast to 2027
https://www.meticulousresearch.com/product/healthcare-artificial-intelligence-market-4937
Delivery (On Premise, Cloud, Web), End User (Pharma, Biotech, MDx, Biobank, CRO, F and B, Oil, Gas, Chemical) - Forecast To 2024
https://www.meticulousresearch.com/product/north-america-laboratory-informatics-market-4594
European Laboratory Informatics Market By Product (LIMS, ELN, LES, EDC, ECM, CDMS, SDMS), Component (Services, Software), Delivery (On Premise, Cloud, Web), End User (Pharma, Biotech, MDx, Biobank, CRO, F and B, Oil, Gas, Chemical) - Forecast To 2024
https://www.meticulousresearch.com/product/european-laboratory-informatics-market-4632
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
Contact:
Mr. Khushal Bombe
Meticulous Market Research Inc.
1267 Willis St, Ste 200 Redding,
California, 96001, U.S.
USA: +1-646-781-8004
Europe : +44-203-868-8738
APAC: +91 744-7780008
Email- sales@meticulousresearch.com
Visit Our Website: https://www.meticulousresearch.com/
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
Content Source: https://www.meticulousresearch.com/pressrelease/784/north-america-lims-market-2030
