Pune, India -- (SBWire) -- 08/02/2018 --Hospital Laboratory Information Management Systems Market report provides in-Depth analysis with current and upcoming Business opportunities to simplify the future investment in the market. The Hospital Laboratory Information Management Systems Market report presents an all-inclusive study of the market by survey the key expansion, development trends, driving forces, restraints, opportunities, and future potential in details.
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Hospital Laboratory Information Management Systems Market is expected to reach USD 803.98 million by 2025 and is projected to register a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
LIMS market followed by:
- CliniSys Solutions Ltd.
- Thermo Fisher,
- Scientific Inc.,
- Abbott,
- Illumina, Inc.
The service segment is dominating the global hospital laboratory information management systems market.
Industry-specific segment is expected to grow with the highest CAGR of 17.3% in the forecast period 2018 to 2025.
The market data is analyzed and forecasted using market statistical and coherent models Hospital Laboratory Information Management Systems Market share analysis and key trend analysis are the major success factors in the market report. It also includes key performers, vendors, and suppliers. The report highlights the command and drivers influencing the market.
Market research report demonstrates a detailed study of Demand Side Primary Contributors & Supply Side Primary Contributors:
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others
Hospital Laboratory Information Management Systems Market Scope:
- The global hospital LIMS market is segmented on the basis of component into services and software. In 2018, service is expected to dominate the hospital LIMS market with 66.9% market share growing at the highest CAGR in the forecast period 2018 to 2025.
- The global hospital LIMS market is segmented on the basis of product type into broad-based Hospital LIMS and industry-specific hospital LIMS. In 2018, industry-specific is expected to dominate the hospital LIMS market with highest market share and is growing at a healthy CAGR in the forecast period 2018 to 2025. However, broad-based hospital LIMS market segment is expected to grow at the highest CAGR in the forecast period.
- The global hospital LIMS market is segmented on the basis of delivery into on-premise hospital LIMS, cloud-based hospital LIMS and remotely hosted hospital LIMS. In 2018, on-premise hospital LIMS is expected to dominate the hospital LIMS market in the forecast period 2018 to 2025. However, cloud-based Hospital LIMS market segment is expected to grow at the highest CAGR and was valued at USD 73.62 million in 2025.
- The global hospital LIMS market is segmented on the basis of application into diagnostics, medical devices and others. In 2018, diagnostics is expected to dominate the hospital LIMS market with highest market share and is growing at the highest CAGR in the forecast period 2018 to 2025.
- The global hospital LIMS market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market
- Based on geography, the market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and Middle East and Africa.
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Market Drive : Hospital Laboratory Information Management Systems Market
- GROWING USE OF HOSPITAL LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTS.
- 3RISING NEED FOR ADOPTION OF HOSPITAL LIMS FOR VARIOUS APPLICATION.
- TECHNOLOGICAL ADVANCEMENTS IN HOSPITAL LIMS SERVICES.
Market Restraints : Hospital Laboratory Information Management Systems Market
- HIGH COST OF HOSPITAL LIMS PRODUCT AND SERVICES.
- LACK OF INTEGRATION STANDARDS FOR HOSPITAL LIMS.
Key Drivers: Hospital Laboratory Information Management Systems Market
- Some of the major factors driving the market for global hospital LIMS market are growing use of hospital LIMS to comply with stringent regulatory requirements, rising need for adoption of hospital LIMS for various application and technological advancements in hospital LIMS services.
- High cost of hospital LIMS product and services and lack of integration standards for hospital LIMS are hampering the growth of the market.
Report Brief Focus On:
Hospital Laboratory Information Management Systems Market Present, By Component (Service, Software), By Product Type (Industry-Specific, Broad-Based), Application (Diagnostics, Medical Devices, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)- Industry Trends and Forecast to 2025
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Hospital Laboratory Information Management Systems Industry 2018 Market Trends, Size, Share, Top Key Players: CliniSys Solutions Ltd, Thermo Fisher, Scientific Inc