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Thriving Demand for Biorepositories and Maturity of the Biobanking Industry to Unlock New Growth Opportunities
15-Dec-2020
North America
Market Research
K51D-01-00-00-00
HC03356-GL-MT_24958
The Transformational Health team at Frost & Sullivan provides critical insights into the US and EU laboratory information management system (LIMS) industry, highlighting the key growth opportunities, market revenue forecast, and trends that will play an important role in industry growth.
The US and EU LIMS market covered in this study is segmented by end user (pharmaceutical, biobanks, clinical diagnostics, government, and academic institutions) and by product type (thick-client, thin-client, and cloud-native). The market forecast is provided through 2026, capturing the interesting trends, developments and end-user dynamics that will influence the growth of industry participants.
This research service identifies the largest revenue-generating as well as the fastest-growing end- user segment in the industry. The impact of the COVID-19 pandemic on market revenue potential for both the United States and the European Union are also detailed. Strategic imperatives needed to consolidate the customer base as well as improve market penetration are clearly outlined. The study also provides comprehensive insights on the complex dynamics in the LIMS industry with regard to pricing trends, production adoption trends, and the key industry participants. It also profiles the competitive environment in the LIMS industry, outlining the strategy and capabilities of the top competitors.
With this research service, Frost & Sullivan’s Transformational Health group offers insightful analysis in the form of key growth opportunities that revolve around the use of artificial intelligence in LIMS for quality assurance and quality control of manufacturing, client expectations in the biobanking industry, and the adoption of hybrid cloud for flexible and agile data management.
Author: Deepak Jayakumar
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
Strategic Imperatives 8™ for the US and EU LIMS Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Scope of the Study
LIMS End Users
LIMS
LIMS Workflow and Core Functionalities
US Key Growth Metrics
EU Key Growth Metrics
Growth Drivers
Growth Restraints
Market Forecast Methodology
US LIMS Revenue Forecast
US LIMS Revenue Forecast Analysis
EU LIMS Revenue Forecast
EU LIMS Revenue Forecast Analysis
US LIMS COVID-19 Impact Forecast
EU LIMS COVID-19 Impact Forecast
US and EU LIMS COVID-19 Impact Forecast Analysis
US LIMS Market Share Forecast by End-User Segment
EU LIMS Market Share Forecast by End-User Segment
US and EU LIMS Market Share Forecast by End-User Segment Analysis
US and EU LIMS Market Share Forecast by End-User Segment Analysis (continued)
Pricing Trends and Analysis
LIMS Segmentation by Product Type
Comparative Analysis
Comparative Analysis (continued)
Adoption Curve of LIMS Solutions by Product Type
Competitive Environment
Key Competitors
Top Competitor: LabWare
Top Competitor: LabVantage
Top Competitor: Thermo Fisher Scientific (Core Informatics)
Top Competitor: Abbott Informatics
Growth Opportunity Summary
Growth Opportunity 1: Artificial Intelligence for Predictive Maintenance in Pharmaceutical Manufacturing
Growth Opportunity 1: Artificial Intelligence for Predictive Maintenance in Pharmaceutical Manufacturing (continued)
Growth Opportunity 2: LIMS Solutions with Flexible Module Capabilities for the Biobanking Industry
Growth Opportunity 2: LIMS Solutions with Flexible Module Capabilities for the Biobanking Industry (continued)
Growth Opportunity 3: Transition to Hybrid Cloud Platform
Growth Opportunity 3: Transition to Hybrid Cloud Platform (continued)
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| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Deepak Jayakumar |
| Industries | Healthcare |
| WIP Number | K51D-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9600-B1,9562-B1,9573-B1,99C6-B1,9627-B1 |
Transition to Hybrid Cloud Services to Trigger the Growth of Laboratory Information Management Systems in the United States and European Union, 2020
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