Laboratory Informatics Market - Analysis By Product, Delivery Mode, Component, End Use & Segment Forecasts to 2025 - Research and Markets
Summary
Increasing requirement for life sciences companies to comply with regulatory demands has further promoted the incorporation of laboratory information management systems (LIMS) as it helps professionals understand and fulfill the complex regulatory obligations. Furthermore, demand for cost-efficient workflow management systems is anticipated to drive the growth over the forecast period. In addition, growing awareness levels amongst the end-use segments and technological evolution of LIMS solutions are anticipated to fuel the growth in the coming years. North America dominated the market as of 2015, which is attributable to supportive government initiatives promoting the adoption of LIMS. On the other hand, the Asia Pacific market is likely to exhibit profitable growth due to increasing R&D expenditure deployed by the public and private sectors coupled with increasing awareness levels pertaining to LIMS.