Pune, India -- (SBWIRE) -- 08/14/2018 -- North America LIMS Market is expected grow at a healthy CAGR in the forecast period 2018 to 2025. The new market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market is further segmented into:
- Component
- Product Type
- Delivery
- Industry Type
Drivers:
The major factors driving the growth of this market are growing use of LIMS to comply with stringent regulatory requirements, rising need for adoption of LIMS in various industries, technological advancements in LIMS services are boosting the growth of the North America LIMS market. On the other hand, high maintenance and service costs and lack of integration standards for LIMS are hampering the growth of the market.
GROWING USE OF LIMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTS
Laboratory Information Management System (LIMS) systematize and streamline the existing processes such as management of the data for helping the laboratories to improve the efficiency and good laboratory practice (GLP) acceptance. Moreover, LIMS also helps scientists in managing their work as it lowers their burden and offers the platform for the growth and achieving the objective of optimal efficacy.
The manufacturers are replacing the paper-based processes with the commercially available advanced and developed LIMS that are mainly designed for working with the regulatory agreement.
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RISING NEED FOR ADOPTION OF LIMS IN VARIOUS INDUSTRIES
Data management systems have become the basic need of any of the laboratory for tracking samples and to meet the needs of the growing strict regulations, but the LIMS helps in increasing the productivity and workflow without wasting much time on the system.
The LIMS is used by various industries such as pharmaceutical, food & safety, clinical research, manufacturing services, contract services, molecular testing, petrochemical and refining, public health, and environmental services.
LIMS is being used as an essential part of the modern water testing laboratory and it is an important consideration for the lab and infrastructure investments in metropolises, utilities and contract laboratories due to growing concerns related to water pollutions.
The food and beverage industry has been using the manual processes and paper based systems since many years. But due to advancement in the data management, these industries have started using the LIMS systems. LIMS solutions provide the list of benefits such as precise data management, quality assurance as compared to the traditional paper-based data collection and management methods. The LIMS enables the food producers in examining the whole production process, starting from the arrival of raw ingredients to the packaging of finished products. The safety of the consumers in the food industry is the major concern which makes it mandatory to use LIMS for the accurate and precise production of the food products.
Major Players:
Some of the major players operating in this market are Thermo Fisher Scientific Inc. is going to dominate the North America LIMS market followed by McKesson Corporation, Abbott and Siemens AG. Some of the other players are Roper Technologies, Inc., IBM Corporation, Illumina, Inc., Shimadzu Corporation, LabWare, LABWORKS among others.
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