Latest news with #LaboratoryInformationManagement
Yahoo
16-05-2025
- Business
- Yahoo
Laboratory Information Management System Market worth US$5.19 billion by 2030 with 12.5% CAGR
DELRAY BEACH, Fla., May 16, 2025 /PRNewswire/ -- The global Laboratory Information Management System Market, valued at US$2.54 billion in 2024, is forecasted to grow at a robust CAGR of 12.5%, reaching US$2.88 billion in 2025 and an impressive US$5.19 billion by 2030. The adoption of cloud-based LIMS is driven by the growing volume of laboratory data, growing pharmaceutical & biotechnology R&D expenditure, and the reduced total cost of ownership for informatics solutions. Factors such as automation, improved data accuracy, regulatory compliance, and efficient workflow management are fuelling this growth. Additionally, the integration of AI and machine learning in LIMS platforms enhances decision-making and predictive analytics. Cloud systems enable real-time data access, remote collaboration, and faster turnaround times, driving further innovation in the market. Growing emergence of low-code/low-code solutions and emerging markets such as China, India, Japan, Singapore, Brazil, and the Middle East present lucrative opportunities for growth. Download PDF Brochure: Browse in-depth TOC on "Laboratory Information Management System Market" 451 - Tables 55 - Figures 411 - Pages By deployment mode, the cloud-based segment is expected to register a substantial growth in the Laboratory Information Management Systems (LIMS) market, by deployment mode. It is driven by scalability, flexibility, and cost-effectiveness. The ability to adapt to changing workloads, reduced upfront investments, and lower maintenance costs make cloud solutions attractive to diverse laboratories. The accessibility and ease of remote data management meet the needs of a modern workforce, while enhanced security features address data protection and compliance concerns. As the industry prioritizes agility, cost efficiency, and data security, the growth of cloud-based deployment in LIMS is expected to continue. In 2025, the cloud-based segment is expected to witness substantial growth. This expansion is driven by scalability, flexibility, and cost-effectiveness, which make cloud deployment attractive to a wide range of laboratories. By industry, the life sciences sector is rapidly becoming the largest growing market for LIMS, driven by the increasing complexity of research, regulatory demands, and the need for effective data management. As personalized medicine, genomics, and biotechnology continue to advance, laboratories face the challenge of handling vast volumes of data while maintaining compliance and operational efficiency. LIMS solutions offer life sciences organizations the tools necessary to optimize workflows, improve data integrity, and meet stringent regulatory standards, playing a key role in fostering innovation and supporting growth in this vital industry. By geography, North America is the largest and most dominant region for LIMS adoption, driven by advanced healthcare infrastructure, strong pharmaceutical and biotechnology sectors, and stringent regulatory frameworks. The demand for efficient data management, improved lab productivity, and compliance with regulations such as FDA 21 CFR Part 11 has fuelled the widespread adoption of LIMS across various industries, including life sciences, healthcare, and food & beverage. The increasing trend of digital transformation in laboratories and the growing need for real-time data access position North America as the key market for LIMS solutions, further propelling its growth in the region. Request Sample Pages : LabWare (US), LabVantage (US), Thermo Fisher Scientific Inc. (US), Agilent Technologies (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US), Accelerated Technology Laboratories (ATL), Starlims corporation (US), CloudLIMS (US), Computing Solutions, Inc. (US), GenoLogics Inc. (an Illumina Company) (Canada), Siemens (Germany), Novatek International (Canada), Ovation (US), Clinsys (US) Labworks (US), Illumina (US), Eusoft Ltd (UK), Labtrack (US), and Caliber Technologies (US) are the major players in this market. These companies are mainly focusing on strategies such as acquisitions, collaborations, partnerships, expansion, and product launches and updates to remain competitive and further increase their share in the market. LabWare (US) LabWare is a leading global provider of laboratory informatics solutions, offering advanced Laboratory Information Management Systems (LIMS). The company supports a broad spectrum of sectors, including pharmaceuticals, biotechnology, environmental sciences, and food safety testing. LabWare continuously evolves its software to uphold regulatory standards, ensure data integrity, and enhance lab efficiency. Through strategic collaborations and system integrations, it delivers customizable and scalable solutions that align with client-specific requirements. With a broad global presence and a varied customer base, LabWare plays a vital role in advancing digital transformation and automation within laboratory environments. In March 2025, LabWare launched LabWare ASSURE, a new addition to its SaaS LIMS portfolio. LabVantage Solutions (US): LabVantage Solutions is a leading global provider of laboratory informatics solutions, offering a comprehensive platform that includes LIMS, Electronic Laboratory Notebooks (ELN), Laboratory Execution Systems (LES), and Scientific Data Management Systems (SDMS). Their integrated, browser-based platform is designed to enhance laboratory efficiency, data integrity, and regulatory compliance across various industries, including pharmaceuticals, biotechnology, and environmental sciences. In March 2025, LabVantage Solutions released LabVantage 8.9, the latest version of its flagship Laboratory Information Management System (LIMS), introducing several enhancements to improve laboratory productivity, efficiency, and compliance. Thermo Fisher Scientific Inc (US): Thermo Fisher Scientific Inc. is a global leader in the market, offering comprehensive solutions that integrate LIMS, Electronic Laboratory Notebooks (ELN), Scientific Data Management Systems (SDMS), and Laboratory Execution Systems (LES). Its flagship product, SampleManager LIMS, streamlines lab operations, enhances data integrity, and ensures regulatory compliance across various industries, including pharmaceuticals, biotechnology, and environmental sciences. In July 2024, the company partnered with Labguru to integrate its cloud-based ELN with Thermo Fisher's LIMS solutions. For more information, Inquire Now! Related Reports: Healthcare IT Market Lab Automation Market Healthcare Cloud Computing Market Bioinformatics Market Healthcare Analytics Market Get access to the latest updates on Laboratory Information Management System Companies and Laboratory Information Management System Market Size About MarketsandMarkets™: MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. 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Malaysian Reserve
06-05-2025
- Business
- Malaysian Reserve
Datacor Acquires Baytek International, a Leader in LIMS Software
FLORHAM PARK, N.J., May 6, 2025 /PRNewswire/ — Datacor, Inc., a leading provider of process manufacturing, engineering, and chemical distribution software, announces the acquisition of Baytek International, a provider of Laboratory Information Management Systems (LIMS) and Quality Control (QC) software. This acquisition expands Datacor's capabilities, allowing customers to further enhance their regulatory compliance, quality assurance, and laboratory management processes. 'Baytek has built a strong reputation for delivering high-quality LIMS and QC solutions, and we are excited to bring their expertise into the Datacor family of solutions,' says Tom Jackson, president of Datacor. 'At Datacor, we are committed to delivering a comprehensive suite of market-leading solutions that empower process manufacturers with deeper data-driven insights, increased efficiency, and hassle-free compliance driving continuous innovation and a stronger competitive edge.' Since its founding, Baytek International has been dedicated to delivering best-in-class LIMS and QC solutions that empower customers with accurate data and streamlined workflows. Its deep experience in laboratory management software complements Datacor's existing suite of solutions, creating new opportunities for innovation and growth. 'This partnership marks an exciting new chapter for Baytek,' says Jonathan Richter, president of Baytek International. 'Datacor shares our commitment to delivering powerful, industry-specific solutions, and we are confident that this collaboration will bring even greater value to our customers. With Datacor's capabilities and expertise, Baytek's solutions will continue to evolve to meet the ever-changing needs of the industry.' About Datacor Datacor is a leading provider of process manufacturing, engineering, and chemical distribution software that helps professionals maximize productivity, use data as a competitive advantage and drive smarter business growth. By remaining a single source of trusted technology, upholding a longstanding reputation as industry experts and serving as a partner in business improvement, we help modern businesses optimize operations to better serve their customers. Learn more at About Baytek International Baytek International pioneered LIMS and QC software for refining, chemical manufacturers and testing labs in the TIC industry (Testing, Inspection, Certification). Baytek delivers industry-specific, fit-for-purpose solutions, with active participation in organizations like ASTM and ISO. Its customers report significant improvements in laboratory reliability and efficiency. Learn more at Media Contact Caitlin O'Donnell Head of Marketing ceodonnell@ +1 (973) 822-1551 View original content to download multimedia: SOURCE Datacor, Inc.
