North America Hospital Laboratory Information Management Systems Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : North America Hospital Laboratory Information Management Systems Market

The hospital laboratory information management systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 6.78% in the forecast period of 2021 to 2028 and is further estimated to reach 192.12 USD million by 2028. The growing use of hospital LIMS to comply with stringent regulatory requirements will help in escalating the growth of the hospital laboratory information management systems market.

A laboratory information management system (LIMS), sometimes referred to as a laboratory information system (LIS) or laboratory management system (LMS), is a software with features that support the operation of all sorts of laboratory'. Main features include workflow and data tracking support, flexible structure, and data exchange interfaces.

Major factors that are expected to boost the growth of the hospital laboratory information management systems market in the forecast period are in the increasing acceptance of cloud-based LIMS, the technological advancements in the LIMS offerings increasing utilization of LIMS to observe with strict governing necessities. Furthermore, growing attention on refining the effectiveness of laboratories and the escalating of the research and development expenditure in the pharmaceutical and biotechnology companies are further anticipated to propel the growth of the hospital laboratory information management systems market.

On the other hand, the upsurge in the maintenance and service expenses and the absence of integration standards for LIMS are further estimated to further obstruct the growth of the hospital laboratory information management systems market in the timeline period. In addition, the utilization of LIMS in the cannabis industry will further provide potential opportunities for the growth of the hospital laboratory information management systems market in the coming years. However, the lack of skilled professionals might further challenge the growth of the hospital laboratory information management systems market in near future.

This hospital laboratory information management systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on hospital laboratory information management systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth. 

Hospital Laboratory Information Management Systems Market Scope and Market Size

The hospital laboratory information management systems market is segmented on the basis of type, component, deployment model and industry. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications. 

• On the basis of type, the hospital laboratory information management systems market is segmented into broad based LIMS, and industry-specific LIMS.
• On the basis of component, the hospital laboratory information management systems market is segmented into software, and services.
• On the basis of deployment model, the hospital laboratory information management systems market is segmented into on premise LIMS, remote hosted LIMS, and cloud LIMS.
• On the basis of industry, the hospital laboratory information management systems market is segmented into life sciences, petrochemical refineries and oil and gas, food and beverage and agriculture, chemical, environmental testing laboratories, and other industries. Life sciences is further sub segmented into pharmaceutical and biotechnology companies, biobanks and biorepositories, contract services organizations (CROs and CMOs), academic research institutes, clinical research laboratories, toxicology laboratories and next-generation sequencing laboratories.

North America Hospital Laboratory Information Management Systems Market Country Level Analysis

The hospital laboratory information management systems market is analysed and market size insights and trends are provided by country, type, component, deployment model and industry as referenced above.      

The countries covered in the North America hospital laboratory information management systems market report are the U.S., Canada and Mexico.

United States dominates the North America hospital laboratory information management systems market due to the growing acceptance of the systems in the country.

The country section of the hospital laboratory information management systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The hospital laboratory information management systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hospital laboratory information management systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hospital laboratory information management systems market. The data is available for historic period 2010-2019.

Competitive Landscape and Hospital Laboratory Information Management Systems Market Share Analysis

The hospital laboratory information management systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to hospital laboratory information management systems market.

The major players covered in the hospital laboratory information management systems market report are Thermo Fisher Scientific, Abbott, Illumina, Inc., LabWare, LabVantage Solutions Inc, LabLynx LIMS (Laboratory Information Management System), Autoscribe Informatics, Agilent Technologies, Inc., Computing Solutions., GenoLogics, Labworks, Accelerated Technology Laboratories, Inc., ApolloLIMS., Livehealth, Novatek International, CloudLIMS.com, Horizon LIMS., and Promium, LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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