Global Laboratory Information Management Systems (LIMS) Market By Product Type (Standalone, Integrated), By Component (Hardware, Software, Services), By Delivery Mode (On Premise, Cloud Based), By End User (Hospitals, Clinics, Independent Laboratories), and By Geography - Trends and Analysis 2024

Laboratory Information Management Systems – Process Automation to Improve Efficiency

Laboratory information management systems is a powerful IT tool for inventory management, clinical research, project management, and patient data management. Integration of various related processes in an organization, especially in the healthcare sector can result in improved patient care and increased efficiency of services. It also reduces operational costs and increases organizational agility. Laboratory Information Management Systems are helping hospitals, diagnostic laboratories, blood banks, private clinics, and other such healthcare institutions to increase their productivity and improve turnaround time of clinical trials. Increased focus on improving patient care, therapy outcomes at reduced cost are the primary factors driving the market for laboratory information management systems (LIMS) globally. The global laboratory information systems market was valued at US$ 1,209.6 million in 2015 and is expected to expand at a CAGR of 7.3% during the forecast period (2016 – 2024).

Figure 1. Global Laboratory Information Management Systems Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014-2024

Laboratory Information Management Systems Market 

Source: Coherent Market Insights Analysis (2017)

To have a snippet of the report, request Report Sample

Renewed focus on improving laboratory practices in order to enhance efficiency

Clinical laboratories constantly strive towards improving their laboratory practices to reduce cost and improve efficiency. Adoption of LIMS in hospital laboratories is expected to increase at a CAGR of 7.6% during the forecast period. Deploying LIMS in clinical laboratories can help in trimming processes, and continuous improvement in patient and business outcomes.

Consumerization of IT is leading to an increasing demand for cloud-based solutions

Increasing proliferation of smartphones, mobile solutions, point-of-care devices and e-services is a trend observed across the globe, and is not different in the healthcare sector. Healthcare providers are aiming to automate various processes, while patients are also demanding technological solutions for convenient health testing, monitoring, and recording solutions. In the recent past, features such as cost effectiveness, scalability, and ease of use have increased demand for cloud-based systems among end users. The cloud-based LIMS segment is projected to be the largest sub-segment (in terms of revenue), projected to reach US$ 339.8 million by 2024. Growing demand for IT solutions that can integrate all major disciplines of laboratory medicine and pathology is expected to create high demand for integrated LIMS products in the near future.

Implementation of LIMS to allow for significant cost reduction passed on to end users

Laboratory information management systems developed by vendors offer various in-built functions, which may not be useful to all end users. Therefore, LIMS vendors are providing customized solutions to customers, specifically tailored according to their requirement and budget, in order to help in better return on investment. LIMS vendors are developing multi-modality systems that can integrate the entire process of clinical laboratories, hospitals or clinics and help the end user reduce their operational costs.

Increasing adoption of LIMS in emerging economies

High costs associated with installation and large pool of skilled personnel to handle on-premise LIMS resulted in high concentration of the market in the developed countries such as the U.S. and Western European countries, including U.K and Germany. However, with the proliferation and promotions of cloud- and web-based solutions offering key features such as scalability at reduced costs, the market is witnessing a paradigm shift in the adoption patterns, with growing demand for cloud based solutions as compared to on premise ones. Improving internet infrastructure is increasing the healthcare IT spending across Asia, Latin America, South Africa and Middle East. As a result, these regions have been analyzed to be highly lucrative markets for vendors of LIMS during the forecast period. Various advantages such as private sharing and storage of data without need to maintain physical storage devices and save on related costs, is expected to boost adoption for cloud-based LIMS in these regions. To capitalize on this revenue opportunity, market player such as Cerner Corporation, Merge Healthcare, Inc. (International Business Machines (IBM) Corp.), McKesson Corporation, LabWare, Roper Technologies Inc., and Meditech (Medical Information Technology, Inc.) are expected to enter into strategic agreements in order to increase their footprint in these regions.

Laboratory information management system (LIMS) is also known as Laboratory information systems (LIS) or laboratory management system (LMS). It is a software that enables clinical laboratories and hospitals to record, store and manage data related to medical processes and tests. LIMS streamlines the laboratory processes and helps reduce the overall operational costs, and manage the database efficiently.

Market Dynamics

Growth of the global laboratory information management systems market is mainly driven by factors such as rising healthcare IT spending, development of structured regulatory framework in developed nations such as the U.S. and Canada, and increasing inclination of end users such as hospitals and clinical laboratories towards providing quality care. However, lack of trained professionals and high cost of systems are factors hampering market growth. Market players are capitalizing on potential revenue opportunity in emerging economies such as China, India, Brazil, and ASEAN countries, where demand for LIMS is increasing due to growing healthcare IT spending.

Market Taxonomy

This report segments the laboratory information management systems market on the basis of product type, component, delivery mode, and end user. There are two types of commercially available LIMS – standalone and integrated LIMS. On the basis of component the global LIMS market is segmented into hardware, software, and services. The software segment is further sub-segmented into on-premise, web-based, and cloud-based LIMS. End users of LIMS covered in the market report are hospitals, clinics, independent laboratories, and others (retail clinics and nursing homes).

Key features of the study:

  • This report provides in-depth analysis of the laboratory information management systems and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2016 – 2024), considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • The report takes into account critical limiting factors such as lack of skilled IT professionals and high cost of LIMS while analyzing the market value and growth (%) during the forecast period
  • It profiles leading players in the global laboratory information management systems market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include Cerner Corporation, Computer Programs and Systems, Inc. (CPSI), Merge Healthcare, Inc. (International Business Machines (IBM) Corp.), McKesson Corporation, LabWare, EPIC Systems Corporation, SCC Soft Computer, Compugroup Medical AG, Roper Technologies Inc., and Meditech (Medical Information Technology, Inc.)
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion and marketing tactics
  • The global laboratory information management systems market report caters to various stakeholders in this industry including investors, device manufacturers, system manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the laboratory information systems market

Detailed Segmentation:

  • Global Laboratory Information Management Systems Market, By Product Type:
    • Standalone
    • Integrated
  • Global Laboratory Information Management Systems Market, By Component:
    • Hardware
    • Software
    • Services
  • Global Laboratory Information Management Systems Market, By Delivery Mode:
    • On Premise
    • Cloud Based
  • Global Laboratory Information Management Systems Market, By End User:
    • Hospitals
    • Clinics
    • Independent Laboratories
    • Others
  • Global Laboratory Information Management Systems Market, By Geography:
    • North America
      • U.S.
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Canada
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
      • Others
    • Europe
      • U.K.
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Germany
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Italy
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • France
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Russia
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
        • Others
      • Rest of Europe
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
    • Asia-Pacific
      • China
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • India
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Japan
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • ASEAN
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Australia
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • South Korea
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Rest of Asia Pacific
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
    • Latin America
      • Brazil
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
        • Others
      • Mexico
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
        • Others
      • Rest of Latin America
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
    • Middle East
      • GCC
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Israel
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
    • Africa
      • North Africa
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • Central Africa
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
      • South Africa
        • By Product Type:
          • Standalone
          • Integrated
        • By Component:
          • Hardware
          • Software
          • Services
        • By Delivery Mode:
          • On-Premise
          • Cloud Based
        • By End User:
          • Hospitals
          • Clinics
          • Independent Laboratories
          • Others
  • Company Profiles
    • Cerner Corporation *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Computer Programs and Systems, Inc. (CPSI)
    • Merge Healthcare, Inc. (International Business Machines (IBM) Corp.)
    • McKesson Corporation
    • LabWare
    • EPIC Systems Corporation
    • SCC Soft Computer
    • Compugroup Medical AG
    • Roper Technologies Inc.
    • Meditech (Medical Information Technology, Inc.)

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Product
      • Market Snippet By Components
      • Market Snippet By Delivery Mode
      • Market Snippet By End-User
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Epidemiology/Prevalence/Incidence
      • Merger and Acquisitions
      • New Product Approvals/Launch
    • Cost Tier Down Analysis
  4. Global Laboratory Information Management Systems Market, By Product, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Standalone
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Integrated
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
  5. Global Laboratory Information Management Systems Market, By Components, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Hardware
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Software
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Services
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million & ‘Thousand Units)
  6. Global Laboratory Information Management Systems Market, By Delivery Mode, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • On-Premise
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Cloud-Based
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
  7. Global Laboratory Information Management Systems Market, By End-User, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Clinics
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Independent Laboratories
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (USD  Million)
  8. Global Laboratory Information Management Systems Market, By Regions, 2014 - 2024 (USD Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Others
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Product, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Components, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By Delivery Mode, 2014 - 2024 (USD Million)
          • Market Size and Forecast, By End-User, 2014 - 2024 (USD Million)
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • Cerner Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Computer Programs and Systems, Inc. (CPSI)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Merge Healthcare, Inc. (International Business Machines (IBM) Corp.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • McKesson Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • LabWare, Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • EPIC Systems Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • SCC Soft Computer
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Compugroup Medical AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Roper Technologies Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Meditech (Medical Information Technology, Inc.)
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  10. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 125 market data tables and 55 figures on " Laboratory Information Management Systems(LIMS) Market - Global forecast to 2024”.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


Smiley face

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Smiley face

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

Choose License Type

"How Can I Help You" ?

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.