Europe Laboratory Information Management Systems (LIMS) Market to Grow at a CAGR of 11.1% to reach US$ 476.17 million from 2021 to 2028
The laboratory information management systems (LIMS) market in Europe is expected to grow from US$ 228.16 million in 2021 to US$ 476.17 million by 2028; it is estimated to grow at a CAGR of 11.1% from 2021 to 2028.
Laboratory automation is emerging as an approach to minimize human involvement in laboratory processes. The automation of routine laboratory procedures with the help of dedicated workstations and system software helps increase laboratory efficiency and enables researchers to concentrate on important tasks along with avoiding human errors. Laboratories are increasingly adopting laboratory information management systems (LIMS) to maintain stringent regulatory compliance, uplift efficiency and productivity, and drive data security and integrity. According to a study published in the Journal of Lab Automation, the error incidences in fully automated, semi-automated, and manual operations are 1–5%, 1–10%, and 10–30%, respectively. The growing use of digital workstations, automated analyzers, and total laboratory automation (TLA) allows laboratory personnel to reassign activities and contribute a greater value to operations. Moreover, high volumes of data generated by laboratory systems is triggering the demand for effective data processing, analysis, and sharing methods, thereby highlighting the need of efficient and cost-effective solutions such as the LIMS. Laboratory management departments are facing many challenges with a rising population submitting larger number of samples to laboratories and a lack of personnel to process those samples. These challenges are compelling them to maintain their laboratory operations, as laboratories have to maintain control over the influx of samples as well as find the way to improve workflow to deliver patient results in a timely manner. Further, growing demand for data integration is another factor contributing to the laboratory information management systems market growth. With pharmaceutical and biotechnological industries spending huge amounts on research and development activities, the scientific communities are generating huge volumes of data. The appropriate processing and interpretation of the collected data requires data integration solutions. For instance, in 2000, Quest Diagnostics, a prominent independent testing laboratory, started providing their consumers with a direct access to test results through the TheDailyApple.com website owned and managed by Caresoft Inc. It offers direct-to-consumer test result, thereby ensuring confidentiality and anonymity of patients. Manual processes and paper records may allow unauthorized access to data, which increases the chances of data manipulation, and hence, managing data integrity is a big challenge faced by laboratories dependent on manual operations. Increasing adoption of electronic health record (EHR) systems in outpatient clinics and hospitals, to mitigate the risks associated with manual operations, would fuel the demand for LIMS. The systems also allow the use of laboratory data to offer safe and high-quality patient care. Thus, the growing focus on effective clinical workflow management, leading to the rise in automation if laboratory processes, is driving the laboratory information management systems market growth.
The European economy is severely affected due to the exponential growth of COVID-19 cases in the region. Spain, Italy, Germany, France, and the UK are among the most affected European countries. As number of patients in European healthcare setting has increased dramatically due to this outbreak, laboratories are at risk of diagnostic error. However, LIMS solutions help companies and organizations to run their laboratories remotely and from multiple locations. With the outbreak of the COVID-19 pandemic, most laboratories conducted their data-oriented processes from home using cloud-hosted, remote-based LIMSs. Several laboratories, CROs, research institutes, and pharma and biotech companies have worked uninterruptedly during the pandemic, thereby increasing productivity. Therefore, web-hosted solutions help achieve long operational life, decrease ownership cost, and offer excellent investment returns. Since the pandemic’s onset, prominent players in the laboratory information systems landscape are collaborating with public and private sector organizations to employ advanced technologies for implementing COVID-19 testing capabilities. For instance, LabWare Technologies has collaborated with the National Health Service to provide laboratory management software to healthcare settings across the United Kingdom.
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 Europe laboratory information management systems (LIMS) market. The Europe laboratory information management systems (LIMS) market is expected to grow at a good CAGR during the forecast period.
Europe Laboratory Information Management Systems (LIMS) Market Revenue and Forecast to 2028 (US$ Million)
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Europe Laboratory Information Management Systems (LIMS) Market Segmentation
Europe Laboratory Information Management Systems (LIMS) Market – By Type
- Standalone
- Integrated
Europe Laboratory Information Management Systems (LIMS) Market – By Deployment
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
- On-Premise Delivery Mode
Europe Laboratory Information Management Systems (LIMS) Market – By Component
- Software
- Services
Europe Laboratory Information Management Systems (LIMS) Market – By Application
- Sample Management
- Workflow Automation
- Records Management
- Decision Making
- Enterprise Resource Planning
- Logistics Management
Europe Laboratory Information Management Systems (LIMS) Market – By End-User
- Pharmaceutical Companies
- Contract Research Organisations
- Hospitals & Clinics
- Others
Europe Laboratory Information Management Systems (LIMS) Market – By Country
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
Europe 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 Informatic
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 Europe Laboratory Information Management Systems (LIMS) Market – By Type
1.3.2 Europe Laboratory Information Management Systems (LIMS) Market – By Deployment
1.3.3 Europe Laboratory Information Management Systems (LIMS) Market – By Component
1.3.4 Europe Laboratory Information Management Systems (LIMS) Market – By Application
1.3.5 Europe Laboratory Information Management Systems (LIMS) Market – By End User
1.3.6 Europe Laboratory Information Management Systems (LIMS) Market– By Country
2. Europe Laboratory Information Management Systems (LIMS) Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Laboratory Information Management Systems (LIMS) Market– Market Landscape
4.1 Overview
4.1 PEST Analysis
4.2 Experts Opinion
5. Europe Laboratory information management systems market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Increased Adoption of Automation in Laboratories
5.1.2 Strengthening Technological Advancements in LIMS
5.2 Key Market Restraints
5.2.1 Improper Expertise in Healthcare IT Domain
5.3 Future Trends
5.3.1 Arrival of Cloud-Based LIMS Services
5.4 Impact Analysis
6. Europe Laboratory Information Management Systems (LIMS) Market Analysis
6.1 Europe Laboratory Information Management Systems (LIMS) Market Analysis
7. Europe Laboratory Information Management Systems (LIMS) Market Analysis – By Type
7.1 Overview
7.2 Europe Laboratory Information Management Systems (LIMS) Market Revenue Share, by Type
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. Europe Laboratory Information Management Systems (LIMS) Market Analysis – By Deployment
8.1 Overview
8.2 Europe 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. Europe Laboratory Information Management Systems (LIMS) Market Analysis – By Component
9.1 Overview
9.2 Europe 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. Europe Laboratory Information Management Systems (LIMS) Market Analysis – By Application
10.1 Overview
10.2 Europe 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. Europe Laboratory Information Management Systems (LIMS) Market Analysis – By End-User
11.1 Overview
11.2 Europe 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. Europe Laboratory Information Management Systems Market – Country Analysis
12.1 Overview
12.1.1 Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Country
12.1.1.1 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.1.1 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.1.2 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.1.3 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.1.4 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.1.5 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.1.6 Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
12.1.1.2 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.2.1 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.2.2 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.2.3 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.2.4 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.2.5 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.2.6 UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
12.1.1.3 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.3.1 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.3.2 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.3.3 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.3.4 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.3.5 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.3.6 France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
12.1.1.4 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.4.1 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.4.2 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.4.3 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.4.4 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.4.5 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.4.6 Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
12.1.1.5 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.5.1 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.5.2 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.5.3 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.5.4 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.5.5 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.5.6 Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
12.1.1.6 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.6.1 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
12.1.1.6.2 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
12.1.1.6.3 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
12.1.1.6.4 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
12.1.1.6.5 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
12.1.1.6.6 Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
13. Impact of COVID-19 Pandemic on Europe Laboratory information Management System (LIMS) Market
13.1 Europe: 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. Europe Laboratory Information Management Systems (LIMS) Market– Revenue Forecast and Analysis to 2028
Table 2. Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type US$ Million)
Table 3. Germany and Middle East and Africa Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million).
Table 4. Germany and Middle East and Africa Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million).
Table 5. Germany and Middle East and Africa Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million).
Table 6. Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User US$ Million)
Table 7. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type US$ Million)
Table 8. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million).
Table 9. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million).
Table 10. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million).
Table 11. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User US$ Million)
Table 12. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 13. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
Table 14. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
Table 15. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 16. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 17. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 18. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
Table 19. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
Table 20. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 21. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 22. Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 23. Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
Table 24. Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
Table 25. Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 26. Spain Laboratory Information Management Systems Market, by End User – Revenue and Forecast to 2028 by End User (USD Million)
Table 27. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Type (US$ Million)
Table 28. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Deployment (US$ Million)
Table 29. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Component (US$ Million)
Table 30. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Application (US$ Million)
Table 31. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, by End User (US$ Million)
Table 32. Organic Developments Done by Companies
Table 33. Inorganic Developments Done by Companies
Table 34. Glossary of Terms, Europe Laboratory Information Management Systems (LIMS) Market
LIST OF FIGURES
Figure 1. Europe Laboratory Information Management Systems (LIMS) Market Segmentation
Figure 2. Europe Laboratory Information Management Systems (LIMS) Segmentation, By Country
Figure 3. Europe Laboratory Information Management Systems (LIMS) Market Overview
Figure 4. Standalone Held the Largest Share of the Type Segment in Europe Laboratory Information Management Systems (LIMS) Market
Figure 5. Germany to Show Significant Growth During Forecast Period
Figure 6. Europe Laboratory Information Management Systems (LIMS) Market, Industry Landscape
Figure 7. Europe and PEST Analysis
Figure 8. Europe laboratory Information Management Systems Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Laboratory Information Management Systems (LIMS) Market– Revenue Forecast and Analysis to 2028
Figure 10. Laboratory Information Management Systems (LIMS) Market Revenue Share, by Type
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. Europe 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. 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. 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. Europe 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. Europe: Laboratory Information Management Systems Market Revenue Overview, by Country, 2021 (US$ MILLION)
Figure 33. Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028, By Country
Figure 34. Germany Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 35. UK Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 36. France Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 37. Italy Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 38. Spain Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 39. Rest of Europe Laboratory Information Management Systems Market Revenue and Forecasts to 2028 (US$ Million)
Figure 40. Impact of COVID-19 Pandemic in European 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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