The Laboratory Information Management Systems (LIMS) market in North America is expected to grow from US$ 648.09 million in 2021 to US$ 1,400.64 million by 2028; it is estimated to grow at a CAGR of 11.6% from 2021 to 2028.
Informatics platforms save time and money as they help to avoid rework if error occurred, and other technical glitches persists. The LIMS solutions ensure that samples are only sent or assigned to instruments that are regularly monitored as well as accurately calibrated and maintained as per schedule. Due to technological developments and far exceeding complexities in laboratory process, the scope of LIMS has gone beyond data, process, and product management. Moreover, mobility is one of the driving forces of the new technological era, wherein the remote management of laboratories are likely to be indispensable. Cloud-based LIMS are also been considered to meet the problem of limited geographic coverage associated with the traditional Laboratory Information Management Systems (LIMS) systems.
North America Laboratory Information Management Systems (LIMS) Market Segmentation
North America Laboratory Information Management Systems (LIMS) Market – By Type
- Standalone
- Integrated
North America Laboratory Information Management Systems (LIMS) Market – By Deployment
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
North America Laboratory Information Management Systems (LIMS) Market – By Component
- Software
- Services
North America Laboratory Information Management Systems (LIMS) Market – By Application
- Sample Management
- Workflow Automation
- Records Management
- Decision Making
- Enterprise Resource Planning
- Logistics Management
North America Laboratory Information Management Systems (LIMS) Market – By End-User
- Pharmaceutical Companies
- Contract Research Organisations
- Hospitals & Clinics
- Others
North America Laboratory Information Management Systems (LIMS) Market – By Country
- US
- Canada
- Mexico
North America Laboratory Information Management Systems (LIMS) Market – Companies Mentioned
- THERMO FISHER SCIENTIFIC INC.
- Abbott
- Illumina, Inc.
- LabLynx, Inc.
- LabVantage Solutions, Inc.
- Accelerated Technology Laboratories, Inc.
- LabWare
- Autoscribe Informatics
- LABWORKS
- LabSoft LIMS by Computing Solutions, Inc.
Key Drivers and Innovations:
- Technological Advancements:
- LIMS providers are constantly innovating to enhance efficiency and data security. Examples include LabVantage Solutions’ LabVantage 8.4 and 8.7, which feature improved workflow management, resource capacity planning, and secure data access for external customers.
- Autoscribe Informatics’ updated Regulated Manufacturing LIMS, based on Matrix Gemini, caters to highly regulated industries like pharmaceuticals and medical devices.
- The focus is on user-friendly interfaces, faster implementation, and lower overall costs.
- Shift to Cloud-Based Solutions: These systems reduce the need for significant infrastructure investments and facilitate rapid and secure data transfer.
- Meeting Escalating Demands: Upgrading automation platforms is crucial to meet the growing demands of researchers and laboratory personnel.
Impact of COVID-19 in North America Laboratory Information Management Systems (LIMS):
- Increased Demand for Automation: The surge in COVID-19 cases overwhelmed healthcare systems, driving a need for automated systems to manage increased clinical diagnostics and therapeutic development.
- Need for Centralized Data: The pandemic highlighted the importance of centralized laboratory information and data reporting systems for efficient management of large-scale clinical examinations and research.
- Rapid and Accurate Diagnosis: The demand for rapid and quality COVID-19 diagnosis with minimal errors accelerated the adoption of LIMS.
- Specific Solutions: Companies like Cloud LIMS responded by launching dedicated COVID-19 LIMS solutions, preconfigured with relevant tests like RT-PCR and serological assays, to support research and testing laboratories.
- Free solutions: Providing free solutions during the pandemic, helped many laboratories in the US.
In essence, the Laboratory Information Management Systems (LIMS) market is experiencing significant growth due to continuous innovation and the critical role these systems play in managing data and streamlining processes, particularly during public health crises like the COVID-19 pandemic.
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Author’s Bio:
Suryakant Gadekar
Senior Market Research Expert at Business Market Insights
