Research PREVIEW for

Analysis of the US LIMS Market

Cloud-Based Strategies Revitalize the US Laboratory Information Management

Systems Market

Sample of Key Highlights

• Due to the growth in pharmaceutical and the bio-banking industries, the laboratory information management systems (LIMS) market has a revenue of $211.1 million and is expected to grow at a 3.5% compound annual growth rate (CAGR) to a $250.7 million revenue by the end of 2018..

• Thin-client segmentation is at the peak of its growth as there is increasing adoption of these products across all industries, especially in the life science industry. .

• Thermo Fisher Scientific and Labware continue to dominate the market, but other competitors like LabVantage and StarLIMS continue to steal consumers with comparable products.

• The lack of customizability and the large cost of LIMS products impedes industry progress. • The LIMS market is primarily dependent on the growth of other industry sectors. The slower growth

rate for the industrial sector, which majorly contributes to the LIMS market, has a negative impact on the growth of this market (positive growth for the LIMS market comes from the biotech and pharma sectors).

• More consumers are moving away from thick-client Web-enabled systems.• There is a need for the lab-specific functionality and flexibility of a LIMS product for consumers to

invest in the future.

Source: Frost & Sullivan analysis.

Drivers 1–2 Years 3–4 Years 5th Year

Growth in the pharmaceutical, biobanking, and molecular diagnostics industries drive the LIMS market

H H M

Greater demand for flexible, configurable, and user-friendly systems will sustain the market H H M

Growing need for quality mass production in many of the industries will make these systems indispensable H M M

The need for standardized and rational solutions can reduce the cost of LIMS and encourage consumers in investing

M M L

The integration of software-as-a-service (SaaS)and cloud computing allows for more customizability of LIMS

M L L

The increasing need for operational efficiency in the life sciences industry will spur this market M L L

Impact ratings: H = High, M = Medium, L = Low

Total LIMS Market: Key Market Drivers, US, 2014–2018

For explanations to drivers, click here.

Market Drivers

Source: Frost & Sullivan

Restraints 1–2 Years 3–4 Years 5th Year

Long life spans of the LIMS products H H H

Lack of standardization or unification strategies slows progress

H M M

Fragmented systems and miscommunication on the needs impedes this market from growing

M M L

Impact ratings: H = High, M = Medium, L = LowFor explanations to restraints, click here.

Total LIMS Market: Key Market Restraints, US, 2014–2018

Market Restraints

Source: Frost & Sullivan

5NE40-52

2Cloud-native systems are seeing the fastest growth, owing to lower costs and user-friendly interfaces.

3The life sciences segment, mainly pharmaceutical companies and biobanks, is the main contributor to the growth of this market.

4

The most consistent LIMS functionality that is most important to consumers is data storage and maintenance, followed by quality assurance/quality control (QA/QC) for all of the industries mentioned.

5

The potential of cloud-native systems could revolutionize the usage of LIMS products due to the tremendous flexibility it offers, especially in term of data, functionality, and configuration abilities.

1Consumers are shifting from thick-client LIMS products to thin-client systems mainly due to increased customizability and configuration capabilities.

CEO’s Perspective

Source: Frost & Sullivan

The Full Analysis Features the Following Content

Section Slide Number

Executive Summary 4

Market Overview 12

Competitive Playbook 20

Total LIMS Market -

• Driver and Restraints 23

• Forecasts and Trends 26

• Competitive Environment 42

Thick-client (Web-enabled) Segment Analysis 48

Thin-client (Web-based) Segment Analysis 54

Cloud-native Segment Analysis 60

Customer and End-user Analysis 65

Key Companies to Watch 72

The Last Word 76

Appendix 79

Which of the industries are spurring to the growth in the US LIMS market?

What are the effects of the changing needs of the industrial sectors on the market?

How important are some of the LIMS functionalities for the various industrial sectors?

What are the dynamics of the three segments in the market? How are industry needs impacting the segments?

Are the products/services offered today meeting customer needs or is additional development needed?

What are the competitors doing to meet the needs in the market?

Key Questions this Study will Answer

Source: Frost & Sullivan

Partial List of Companies Interviewed

Source: Frost & Sullivan research.

Thermo Fisher Scientific

LabVantage

CoreLIMS

Agilent

AT Lab

Baytek

Benchsys

BioData

Biomatters

CloudLIMS

DNAGlobe

Foxspire

GenoLogics

Interested in Full Access? Connect With Us

Mireya EspinozaCorporate Communications

210.247.2450

Mireya.Espinoza@frost.com

Research Authors

Aish Vivekanadan

Industry AnalystLife Sciences

Divyaa RavishankarSr. Industry

AnalystLife Sciences

Jennifer LazarGlobal Program

DirectorLife Sciences

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