(EMAILWIRE.COM, January 26, 2017 ) Browse 163 market data tables and 36 figures spread through 189 pages and in-depth TOC on “Laboratory Information Management System/LIMS Market by Product (Broad, Industry-specific), Component (Software, Services), Delivery (On-premise, Remote, Cloud) & End User (CROs, CMO, Pharma, Biotech, Chemical, Agriculture, Oil, Gas) - Forecasts to 2021”
http://www.marketsandmarkets.com/Market-Reports/laboratory-information-management-systems-market-250610373.html

Factors such as need for regulatory compliance; growing LIMS adoption in biobanks/biorepositories, academic research institutes, CROs, and CMOs; technological advancements; growing R&D expenditure in pharmaceutical and biotechnology companies, and growing awareness through conferences & forums are propelling the growth of this market. Moreover, cloud-based LIMS and potential in emerging geographies are expected to offer a wide range of growth opportunities for the LIMS market. On the other hand, lack of integration standards and high maintenance cost & service expenses are the major factors that may limit growth of the market to a certain extent.

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The LIMS market in this report is segmented on the basis of product type, deployment model, component, industry, and region. Based on product type, the market is segmented into broad-based LIMS and industry-specific LIMS. The broad-based LIMS segment is expected to grow at the highest CAGR, as these systems are user-friendly, reduce total cost of ownership, provide faster return on investment, integrate seamlessly with other laboratory systems, and easily accessible throughout the enterprise

North America is expected to dominate the global market in 2016, with the U.S. accounting for a major share of this regional market. However, Asia is expected to grow at the highest CAGR during the forecast period, owing to the increasing R&D activities and the development of supporting infrastructure in research laboratories.

The prominent players in the market include Thermo Fisher Scientific, Inc. (U.S.), LabWare, Inc. (U.S.), LabVantage Solutions, Inc. (U.S.), Abbott Informatics (U.S.), Core Informatics, LLC (U.S.), LabLynx, Inc. (U.S.), Labworks, LLC (U.S.), GenoLogics (Canada), Computing Solutions, Inc. (U.S.), and Autoscribe Informatics (U.K.).

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