Laboratory Information Management Systems Lims Market Scope And Analysis

Laboratory Information Management System (LIMS) Market Report Scope

Covid-19 Impact:

COVID-19 has made a major impact on the healthcare industry with the coronavirus creating havoc across the globe. A high percentage of testing was handled through COVID-19-specific LIMSs installed in several laboratories, helping technicians ease works, sharing results through mails, and tracking the samples. To help in tackling the effect of COVID-19, market players aimed at launching novel solutions in the market. For instance, LabVantage launched the COVID-19 LIMS which is helpful in managing the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. 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. For instance, LabWare Technologies has collaborated with the National Health Service to provide laboratory management software to healthcare settings across the United Kingdom. Similarly, in September 2020, Sunquest Information Systems, Inc. an Indian LIMS company has launched a comprehensive and flexible molecular and genetic laboratory information management system, Sunquest Mitogen LIMS for COVID 19 testing. All these factors support market growth for laboratory information management system in all the regions, thus having a positive impact on the market growth.

Competitive Landscape and Key Companies:

Some of the prominent players operating in the global laboratory information management systems market include Thermo Fisher Scientific Inc., Abbott, Illumina, Inc., LABWORKS, LabLynx, Inc., LabVantage Solutions, Inc., Accelerated Technology Laboratories, Inc., LabSoft LIMS by Computing Solutions, Inc., LabWare, and Autroscribe Informatics among others. These companies focus on new product launches and geographical expansions to meet the growing consumer demand worldwide and increase their product range in specialty portfolios. They have a widespread global presence, which provides them to serve a large set of customers and subsequently increases their laboratory information management systems market share.