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Analysis of the US LIMS Market

  • November 2014
  • -
  • Frost & Sullivan
  • -
  • 90 pages

Pharmaceuticals and Biobanks Spur Market Revenue with Increasing Adoption of Thin-client Web-based Systems

The laboratory information management systems (LIMS) market in the United States has been a mature space for many years. The evolution of laboratory needs has spurred innovation in this industry, forcing vendors to change their approach toward consumers. Consumers have the option of choosing between thick-client (Web-enabled) solutions, thin-client (Web-based) solutions, and a new segment of cloud-native LIMS solutions. Each of these solutions caters to the various needs in the market. An increasing number of consumers are shifting away from thick-client LIMS solutions to more affordable and flexible solutions to meet their needs.

Key Findings
-Due to the growth in pharmaceutical and the bio-banking industries, the laboratory information management systems (LIMS) market has a revenue of $ million and is expected to grow at a % compound annual growth rate (CAGR) to a $million revenue by the end of 2018.
-Thin-client segmentation is at the peak of its growth as there is increasing adoption of these products across all industries, especially in the life science industry.
-More consumers are moving away from thick-client Web-enabled systems.
-Thermo Fisher Scientific continues to dominate the market, but other competitors like LabVantage and StarLIMS continue to steal consumers from Thermo Fisher Scientific with comparable products.
-The lack of customizability and the large cost of LIMS products impedes industry progress.
-The LIMS market is primarily dependent on the growth of other industry sectors. The slower growth rate for the industrial sector, which majorly contributes to the LIMS market, has a negative impact on the growth of this market (positive growth for the LIMS market comes from the biotech and pharma sectors).
-There is a need for the lab-specific functionality and flexibility of a LIMS product for consumers to invest in the future.
-According to a survey done by Frost & Sullivan, there is a need for the standardization of LIMS products in labs that currently have a fragmented model.
-Data sharing is of greater importance to hospitals and clinical labs, whereas data storage and management take precedence for the other industrial sectors.
-Inventory management is considered most vital in the core academics sector, whereas other industry sectors place a larger importance on instrument integration and report generation.

Table Of Contents

Analysis of the US LIMS Market
1. EXECUTIVE SUMMARY

Executive Summary
Key Findings
Scope and Segmentation
Key Questions this Study will Answer
Market Engineering Measurements
CEO's Perspective
Key Companies to Watch
Executive Summary—3 Big Predictions

2. MARKET OVERVIEW

Market Overview
Market Background
Market Segmentation
LIMS Products
Revenue Forecast by Segment and Industry

3. COMPETITIVE PLAYBOOK

Competitive Playbook
New Market Opportunities

4. DRIVERS AND RESTRAINTS—TOTAL MARKET

Drivers and Restraints—Total Market
Market Drivers
Market Restraints

5. FORECASTS AND TRENDS—TOTAL MARKET

Forecasts and Trends—Total Market
Market Engineering Measurements
Forecast Assumptions and Definitions
Revenue Forecast
Percent Revenue Forecast by Segment
Revenue Forecast by Segment
Revenue Forecast Discussion
Revenue Forecast by Industry
Revenue Growth Rate Forecast by Industry
Revenue Forecast by Industry Discussion
Segment Lifecycle Analysis

6. COMPETITIVE ENVIRONMENT

Competitive Environment
Market Share
Market Share Analysis
Top Competitors

7. THICK-CLIENT (WEB-ENABLED) SEGMENT ANALYSIS

Thick-client (Web-enabled) Segment Analysis
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Thick-client Market Participants—Competitive Assessment

8. THIN-CLIENT (WEB-BASED) SEGMENT ANALYSIS

Thin-client (Web-based) Segment Analysis
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Thin-client Market Participants—Competitive Assessment

9. CLOUD-NATIVE SEGMENT ANALYSIS

Cloud-native Segment Analysis
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Cloud-native Market Participants—Competitive Assessment

10. CUSTOMER AND END-USER ANALYSIS

Customer and End-user Analysis
End-user Analysis—Data Functionality of the LIMS Products
Customer Purchasing Behavior
End-user Analysis—Sample Tracking and Quality Control (QA/QC)
Discussion
End-user Analysis—Management, Regulations and Report Generation
Discussion

11. KEY COMPANIES TO WATCH

Key Companies to Watch
Core Informatics
Promium
Accelerated Technology Laboratories

12. THE LAST WORD

The Last Word
The Last Word—3 Big Predictions
Legal Disclaimer

13. APPENDIX

Appendix
Drivers Explained
Restraints Explained
Others
Market Engineering Methodology
Learn More—Next Steps

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