Global Laboratory Information Management Systems Market is expected to reach USD 1,155.67 million by 2025 from USD 650.70 million in 2017, at a CAGR of 7.7 % in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

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Segmentation: Global Laboratory Information Management Systems Market
Global Laboratory Information Management Systems
• Market Component (Services, Software),
• Product Type (Broad-Based Laboratory Information Management Systems, Industry-Specific Laboratory Information Management Systems),
• Delivery (On-Premise Laboratory Information Management Systems, Cloud-Based Laboratory Information Management Systems, Remotely Hosted Laboratory Information Management Systems),
• Industry Type (Life Sciences Industry, Food & Beverage and Agriculture Industries, Petrochemical Refineries and The Oil & Gas Industry, Chemical Industry, Other Industry),
• Geography (North America, Europe, Asia Pacific, South America, Middle East and Africa)
Drivers: Global Laboratory Information Management Systems Market
The major factors contributing to the growth of the market includes factors such as growing use of Laboratory Information Management Systems to comply with stringent regulatory requirements, rising need for adoption of Laboratory Information Management Systems in various industries, technological advancements in Laboratory Information Management Systems services are boosting the growth of the global Laboratory Information Management Systems market.

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GROWING USE OF LABORATORY INFORMATION MANAGEMENT SYSTEMS TO COMPLY WITH STRINGENT REGULATORY REQUIREMENTs
Laboratory Information Management System (Laboratory Information Management Systems) systematize and streamline the existing processes such as management of the data for helping the laboratories to improve the efficiency and good laboratory practice (GLP) acceptance. Moreover, Laboratory Information Management Systems also helps scientists in managing their work as it lowers their burden and offers the platform for the growth and achieving the objective of optimal efficacy.
The manufacturers are replacing the paper-based processes with the commercially available advanced and developed Laboratory Information Management Systems that are mainly designed for working with the regulatory agreement.
RISING NEED FOR ADOPTION OF LABORATORY INFORMATION MANAGEMENT SYSTEMS IN VARIOUS INDUSTRIES
Data management systems have become the basic need of any of the laboratory for tracking samples and to meet the needs of the growing strict regulations, but the Laboratory Information Management Systems helps in increasing the productivity and workflow without wasting much time on the system.
The Laboratory Information Management Systems is used by various industries such as pharmaceutical, food & safety, clinical research, manufacturing services, contract services, molecular testing, petrochemical and refining, public health, and environmental services.
The Laboratory Information Management Systems is used in the clinical research field due to growing tests performed in the clinics and to manage those studies and tests. The Laboratory Information Management Systems has been used for the master schedule, which includes visit schedules, visit-specific subject metadata, tolerance limits and visit sequence information. The system is also used to enable researchers for reserving the specimens for a specified time interval.
Major Players: Global Laboratory Information Management Systems Market
Some of the major players operating in this market are
Thermo Fisher Scientific Inc. is going to dominate the global Laboratory Information Management Systems market followed by McKesson Corporation, Abbott and Siemens AG.
Some of the other players are
• Roper Technologies, Inc.,
• IBM Corporation,
• Illumina, Inc.,
• Shimadzu Corporation,
• LabWare,
• LABWORKS among others.

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