Asia Pacific Laboratory Information Management Systems (LIMS) Market to Grow at a CAGR of 12.1% to reach US$ 158.49 million from 2021 to 2028
The laboratory information management systems (LIMS) market in Asia Pacific is expected to grow from US$ 353.16 million in 2021 to US$ 158.49 million by 2028; it is estimated to grow at a CAGR of 12.1% from 2021 to 2028.
The demand for cloud-based LIMS services is growing as the approach requires lower capital and operational expenditures than premise-based LIMS. Cloud-based solutions allow healthcare organizations and clinical laboratories to share and integrate data from several locations, making the data collection process more efficient. The emergence of Internet-enabled cloud-based services has resulted in major advancements in the laboratory information management systems market. Advancements in virtualization and increased access to high-speed internet allow for faster innovation at lower costs. Companies that employ cloud-based solutions just have to pay for the software subscription instead of the complete licenses. Moreover, cloud-based LIMS do not require any upfront capital expenditure for hardware, which reduces the burden from healthcare and clinical settings with a minimum requirement of IT personnel, thus enabling rapid and secure data transmission within organizations. Pharmaceutical and medical devices manufacturers are increasingly employing centralized corporate-based facilities to develop a virtual network of contract research, development, and manufacturing organizations (CRDMOs) and academic institutions. The adoption of cloud-based LIMS solutions would enable them to manage large volumes of data gathered from their operations. Cloud-based models would emerge as an effective LIMS solution due to benefits such as increased data accessibility, cost-effectiveness, and real-time analysis, providing substantial growth prospects to the laboratory information management system market players.
Countries in Asia Pacific are facing challenges due to increasing incidences of COVID-19. Currently, India is the second worse hit country across the world. Many measures have been implemented to contain the spread of COVID-19 that have resulted in significant operational disruption for many companies including in Laboratory information Management System manufacturing industry. Staff quarantine, supply-chain failures, and reductions in demand have generated serious complications for companies. Also, there has been a significant drop in in-patient and out-patient for private hospital chains. Hence, when the COVID-19 pandemic first started to spread, the laboratory information system market in Asia Pacific was negatively affected, because the development of the related software and provision of associated services were halted. However, as the patient count increased and unchecked, the demand for LIMS solutions began to rise again. This was because of a sudden surge in the number of people visiting diagnostic laboratories for COVID tests, which put a strain on the operations of such medical facilities.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific laboratory information management systems (LIMS) market. The Asia Pacific laboratory information management systems (LIMS) market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue and Forecast to 2028 (US$ Million)
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Asia Pacific Laboratory Information Management Systems (LIMS) Market Segmentation
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Type
- Standalone
- Integrated
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Deployment
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Component
- Software
- Services
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Application
- Sample Management
- Workflow Automation
- Records Management
- Decision Making
- Enterprise Resource Planning
- Logistics Management
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By End-User
- Pharmaceutical Companies
- Contract Research Organisations
- Hospitals & Clinics
- Others
Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of APAC
Asia Pacific 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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Type
1.3.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Deployment
1.3.3 Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Component
1.3.4 Asia Pacific Laboratory Information Management Systems (LIMS) Market – By Application
1.3.5 Asia Pacific Laboratory Information Management Systems (LIMS) Market – By End User
1.3.6 Asia Pacific Laboratory Information Management Systems (LIMS) Market– By Country
2. Asia Pacific Laboratory Information Management Systems (LIMS) Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Laboratory Information Management Systems (LIMS) Market Landscape
4.1 Overview
4.1 PEST Analysis
4.2 Experts Opinion
5. Asia Pacific Laboratory information management systems market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Fostering Adoption of Automation in Laboratories
5.1.2 Growing Technological Advancements in LIMS
5.2 Key Market Restraints
5.2.1 Restricted Expertise in Healthcare IT Domain
5.3 Key Market Opportunities
5.3.1 Substantial Potential for Laboratory Informatics in Emerging Markets
5.4 Future Trends
5.4.1 Appearance of Cloud-Based LIMS Services
5.5 Impact Analysis
6. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis
6.1 Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Forecast and Analysis
7. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Type (2021 and 2028)
7.3 Standalone
7.3.1 Overview
7.3.2 Standalone: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Integrated
7.4.1 Overview
7.4.2 Integrated: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis – By Deployment
8.1 Overview
8.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market, by Deployment
8.3 On-Premise Delivery Mode
8.3.1 Overview
8.3.2 On-Premise Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Web-Based Delivery Mode
8.4.1 Overview
8.4.2 Web-Based Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Cloud-Based Delivery Mode
8.5.1 Overview
8.5.2 Cloud-Based Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis – By Component
9.1 Overview
9.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Component
9.3 Software
9.3.1 Overview
9.3.2 Software: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Services
9.4.1 Overview
9.4.2 Services: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis – By Application
10.1 Overview
10.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Application
10.3 Sample Management
10.3.1 Overview
10.3.2 Sample Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Workflow Automation
10.4.1 Overview
10.4.2 Workflow Automation: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10.5 Logistics Management
10.5.1 Overview
10.5.2 Logistics Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10.6 Enterprise Resource Planning
10.6.1 Overview
10.6.2 Enterprise Resource Planning: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10.7 Decision Making
10.7.1 Overview
10.7.2 Decision Making: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
10.8 Records Management
10.8.1 Overview
10.8.2 Records Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
11. Asia Pacific Laboratory Information Management Systems (LIMS) Market Analysis – By End-User
11.1 Overview
11.2 Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by End User
11.3 Hospitals and Clinics
11.3.1 Overview
11.3.2 Hospitals & Clinics: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
11.4 Pharmaceutical and Biotechnology Companies
11.4.1 Overview
11.4.2 Pharmaceutical and Biotechnology Companies: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
11.5 Contract Research Organisations
11.5.1 Overview
11.5.2 Contract Research Organizations: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
11.6 Others
11.6.1 Overview
11.6.2 Others: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
12. Asia Pacific Laboratory Information Management Systems Market Analysis
12.1 Overview
12.1.1 Asia Pacific: Laboratory Information Management Systems (LIMS) Market, by Country
12.1.1.1 China: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.1.1 China: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.1.2 China: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.1.3 China: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.1.4 China: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.1.5 China: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.1.6 China: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
12.1.1.2 Japan: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.2.1 Japan: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.2.2 Japan: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.2.3 Japan: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.2.4 Japan: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.2.5 Japan: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.2.6 Japan: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
12.1.1.3 India: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.3.1 India: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.3.2 India: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.3.3 India: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.3.4 India: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.3.5 India: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.3.6 India: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
12.1.1.4 Australia: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.4.1 Australia: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.4.2 Australia: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.4.3 Australia: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.4.4 Australia: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.4.5 Australia: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.4.6 Australia: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
12.1.1.5 South Korea: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.5.1 South Korea: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.5.2 South Korea: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.5.3 South Korea: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.5.4 South Korea: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.5.5 South Korea: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.5.6 South Korea: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
12.1.1.6 Rest of APAC: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.6.1 Rest of APAC: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
12.1.1.6.2 Rest of APAC: Laboratory Information Management Systems (LIMS) Market, By Type, 2019–2028 (USD Million)
12.1.1.6.3 Rest of APAC: Laboratory Information Management Systems (LIMS) Market, by Deployment, 2019–2028 (USD Million)
12.1.1.6.4 Rest of APAC: Laboratory Information Management Systems (LIMS) Market, by Component, 2019–2028 (USD Million)
12.1.1.6.5 Rest of APAC: Laboratory Information Management Systems (LIMS) Market, by Application, 2019–2028 (USD Million)
12.1.1.6.6 Rest of APAC: Laboratory Information Management Systems (LIMS) Market, by End User, 2019–2028 (USD Million)
13. Impact of COVID-19 Pandemic on Asia Pacific Laboratory information Management System Market
13.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic
14. Industry Landscape
14.1 Overview
14.2 Organic Developments
14.2.1 Overview
14.3 Inorganic Developments
14.3.1 Overview
15. Company Profiles
15.1 THERMO FISHER SCIENTIFIC INC.
15.1.1 Key Facts
15.1.2 Business Description
15.1.3 Products and Services
15.1.4 Financial Overview
15.1.5 SWOT Analysis
15.1.6 Key Developments
15.2 Abbott
15.2.1 Key Facts
15.2.2 Business Description
15.2.3 Products and Services
15.2.4 Financial Overview
15.2.5 SWOT Analysis
15.2.6 Key Developments
15.3 Illumina, Inc.
15.3.1 Key Facts
15.3.2 Business Description
15.3.3 Products and Services
15.3.4 Financial Overview
15.3.5 SWOT Analysis
15.3.6 Key Developments
15.4 LabLynx, Inc.
15.4.1 Key Facts
15.4.2 Business Description
15.4.3 Products and Services
15.4.4 Financial Overview
15.4.5 SWOT Analysis
15.4.6 Key Developments
15.5 LabVantage Solutions, Inc.
15.5.1 Key Facts
15.5.2 Business Description
15.5.3 Products and Services
15.5.4 Financial Overview
15.5.5 SWOT Analysis
15.5.6 Key Developments
15.6 Accelerated Technology Laboratories, Inc.
15.6.1 Key Facts
15.6.2 Business Description
15.6.3 Products and Services
15.6.4 Financial Overview
15.6.5 SWOT Analysis
15.6.6 Key Developments
15.7 LabWare
15.7.1 Key Facts
15.7.2 Business Description
15.7.3 Products and Services
15.7.4 Financial Overview
15.7.5 SWOT Analysis
15.7.6 Key Developments
15.8 Autoscribe Informatics
15.8.1 Key Facts
15.8.2 Business Description
15.8.3 Products and Services
15.8.4 Financial Overview
15.8.5 SWOT Analysis
15.8.6 Key Developments
16. Appendix
16.1 About The Insight Partners
16.2 Glossary of Terms
LIST OF TABLES
Table 1. Asia Pacific Laboratory Information Management Systems (LIMS) Market– Revenue Forecast and Analysis to 2028
Table 2. China: Laboratory Information Management Systems (LIMS) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 3. China Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 4. China Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 5. China Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 6. China Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 7. Japan: Laboratory Information Management Systems (LIMS) Market, By Type– Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 9. Japan Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 10. Japan Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 11. Japan Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 12. India: Laboratory Information Management Systems (LIMS) Market, By Type– Revenue and Forecast to 2028 (USD Million)
Table 13. India Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 14. India Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 15. India Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 16. India Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 17. Australia: Laboratory Information Management Systems (LIMS) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 18. Australia Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 19. Australia Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 20. Australia Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 21. Australia Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 22. South Korea: Laboratory Information Management Systems (LIMS) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 23. South Korea Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 24. South Korea Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 25. South Korea Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 26. South Korea Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 27. Rest of APAC: Laboratory Information Management Systems (LIMS) Market, By Type – Revenue and Forecast to 2028 (USD Million)
Table 28. Rest of APAC Laboratory Information Management Systems (LIMS) Market, by Deployment – Revenue and Forecast to 2028 (USD Million)
Table 29. Rest of APAC Laboratory Information Management Systems (LIMS) Market, by Component – Revenue and Forecast to 2028 (USD Million)
Table 30. Rest of APAC Laboratory Information Management Systems (LIMS) Market, by Application – Revenue and Forecast to 2028 (USD Million)
Table 31. Rest of APAC Laboratory Information Management Systems (LIMS) Market, by End User– Revenue and Forecast to 2028 (USD Million)
Table 32. Organic Developments Done by Companies
Table 33. Inorganic Developments Done by Companies
Table 34. Glossary of Terms, Asia Pacific Laboratory Information Management Systems (LIMS)Market
LIST OF FIGURES
Figure 1. Asia Pacific Laboratory Information Management Systems (LIMS) Market Segmentation
Figure 2. Asia Pacific Laboratory Information Management Systems (LIMS) Segmentation, By Country
Figure 3. Asia Pacific Laboratory Information Management Systems (LIMS) Market Overview
Figure 4. Standalone Held the Largest Share of the Type Segment in Asia Pacific Laboratory Information Management Systems (LIMS) Market
Figure 5. China to Show Significant Growth During Forecast Period
Figure 6. Asia Pacific Laboratory Information Management Systems (LIMS) Market, Industry Landscape
Figure 7. Asia Pacific PEST Analysis
Figure 8. Asia Pacific laboratory Information Management Systems Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Laboratory Information Management Systems (LIMS) Market– Revenue Forecast and Analysis to 2028
Figure 10. Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Type (2021 and 2028)
Figure 11. Standalone: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 12. Integrated: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13. Asia Pacific Laboratory Information Management Systems (LIMS) Market, by Deployment
Figure 14. On-Premise Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Web-Based Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Cloud-Based Delivery Mode: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Component
Figure 18. Software: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Services: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 20. Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by Application
Figure 21. Sample Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Workflow Automation: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Logistics Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Enterprise Resource Planning: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Decision Making: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Records Management: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Asia Pacific Laboratory Information Management Systems (LIMS) Market Revenue Share, by End User
Figure 28. Hospitals & Clinics: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. Pharmaceutical and Biotechnology Companies: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Contract Research Organizations: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Asia Pacific: Laboratory Information Management Systems (LIMS) Market, by Key Country – Revenue (2021) (USD Million)
Figure 33. Asia Pacific: Laboratory Information Management Systems (LIMS) Market, by Country
Figure 34. China: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 35. Japan: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 36. India: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 37. Australia: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 38. South Korea: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 39. Rest of APAC: Laboratory Information Management Systems (LIMS) Market – Revenue and Forecast to 2028 (USD Million)
Figure 40. Impact of COVID-19 Pandemic in Asia Pacific Countries Markets
- THERMO FISHER SCIENTIFIC INC.
- Abbott
- Illumina, Inc.
- LabLynx, Inc.
- LabVantage Solutions, Inc.
- Accelerated Technology Laboratories, Inc.
- LabWare
- Autoscribe Informatics
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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