Laboratory Information Management System (LIMS) Market Will Accelerate at a CAGR of Over 9% Through 2020-2024 and Grow the Market by USD 705.85 Million

LONDON–(BUSINESS WIRE)–Set to grow by USD 705.85 million during 2020-2024, Technavio’s latest market research report estimates the laboratory information management system (LIMS) market to register a CAGR of over 9%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

The #laboratoryinformationmanagementsystem(lims) market will grow by USD 705.85 mn during 2020-2024, according to @Technavio

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Autoscribe Informatics, Computing Solutions Inc., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. are some of the major market participants.

Laboratory Information Management System (LIMS) Market 2020-2024: Segmentation

Laboratory Information Management System (LIMS) Market is segmented as below:

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Laboratory Information Management System (LIMS) Market 2020-2024: Vendor Analysis and Scope

To help businesses improve their market position, the laboratory information management system (LIMS) market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Abbott Laboratories, Autoscribe Informatics, Computing Solutions Inc., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc. .

The report also covers the following areas:

Market trends such as the emergence of software as a service (SaaS)-based LIMS is likely to emerge as one of the primary drivers of the market. However, factors such as high implementation and maintenance costs may threaten the growth of the market.

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Backed with competitive intelligence and benchmarking, our research reports on the laboratory information management system (LIMS) market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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Source:

https://www.businesswire.com/news/home/20201230005404/en/Laboratory-Information-Management-System-LIMS-Market-Will-Accelerate-at-a-CAGR-of-Over-9-Through-2020-2024-and-Grow-the-Market-by-USD-705.85-Million

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