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Laboratory Information Management System (LIMS) Market | Growing Demand For Bio-banking to Boost the Market Growth | TechnavioThe global laboratory information management system (LIMS) market size is poised to grow by USD 705.85 million during 2020-2024, progressing at a CAGR of over 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201022006030/en/ Technavio has announced its latest market research report titled Global Laboratory Information Management System (LIMS) Market 2020-2024 (Graphic: Business Wire) The demand for bio-banking, a repository for the collection of biological materials such as serum, blood, tissue, and DNA is increasing. Bio-banks play a critical role in research and requires a LIMS solution to effectively manage and track data quality, bio-species location, security, compliances, end-user billing, and patient demographics. LIMS also helps in improving the sampling of data that involves different laboratories, FDA, and partner organizations and helps in integrating research information. It also helps in easy access of data for analysis. LIMS deployment enables dependable transmission of information among different bio-banks as well as bio-banks with different health. Thus, the growing demand for bio-banks will drive the growth of the LIMS market during the forecast period. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform Report Highlights:
View market snapshot before purchasing Emergence of SaaS (News - Alert)-based LIMS will be a Key Market Trend Companies are installing SaaS-based LIMS as it is economical and improves the efficiency of the processes in research centers and laboratories. The growing acceptance of SaaS-based LIMS can be attributed to its advantages over the traditional LIMS such as better flexibility and short implementation time. It allows laboratories to remotely access data through a web-browser without installing and managing separate application software. This reduces implementation cost and improves the returns on investment. Some of the popular SaaS-based LIMS vendors are CloudLIMS, FreezerPro, ChemWare, and EUSOFT. Thus, the emergence of SaaS-based LIMS will have a positive impact on the growth of the market. Technavio's sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report Laboratory Information Management System (LIMS) Market 2020-2024: Key Highlights
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. View market snapshot before purchasing Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Deployment
Customer landscape
Geographic Landscape
Drivers, Challenges, and Trends
Vendor Landscape
Vendors covered
Appendix
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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