Laboratory Information Management Systems Market Segmentation:
By Product Segment Analysis
Cloud-based segment is set to dominate laboratory information management systems market share of over 57% by 2035, attributed to the flexibility to store and access data by laboratories remotely. Cloud-based LIMS solutions are cost-effective as they are largely adopted by all laboratories including small-scale to large-scale laboratories which makes it a preferred choice.
Additionally, cloud-based LIMS solutions have various benefits as they promote collaborations, integration across various research facilities, and streamlined operations which boost the segment growth.
By Component Segment Analysis
In laboratory information management systems (LIMS) market, services segment is estimated to account for revenue share of around 54% by 2035, attributed to the rising adoption of automation in laboratories across various sectors such as healthcare, research, and pharmaceuticals. According to a source, there are 26,519 diagnostic & medical laboratories businesses in the US as of 2023.
In addition, several research labs face the challenge of a lack of resources and skills to maintain data. In that case, LIMS services are outsourced which include compliance with regulatory standards and efficient data management. Moreover, the growing demand for LIMS outsourcing solutions stimulates the segment growth in the forecast period.
Our in-depth analysis of the market includes the following segments:
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