The laboratory information management systems (LIMS) market in Europe is expected to grow from US$ 228.16 million in 2021 to US$ 476.17 million by 2028; it is estimated to grow at a CAGR of 11.1% from 2021 to 2028.
Laboratory automation is emerging as an approach to minimize human involvement in laboratory processes. The automation of routine laboratory procedures with the help of dedicated workstations and system software helps increase laboratory efficiency and enables researchers to concentrate on important tasks along with avoiding human errors. Laboratories are increasingly adopting laboratory information management systems (LIMS) to maintain stringent regulatory compliance, uplift efficiency and productivity, and drive data security and integrity.
According to a study published in the Journal of Lab Automation, the error incidences in fully automated, semi-automated, and manual operations are 1โ5%, 1โ10%, and 10โ30%, respectively. The growing use of digital workstations, automated analyzers, and total laboratory automation (TLA) allows laboratory personnel to reassign activities and contribute a greater value to operations. Moreover, high volumes of data generated by laboratory systems is triggering the demand for effective data processing, analysis, and sharing methods, thereby highlighting the need of efficient and cost-effective solutions such as the LIMS.
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Laboratory management departments are facing many challenges with a rising population submitting larger number of samples to laboratories and a lack of personnel to process those samples. These challenges are compelling them to maintain their laboratory operations, as laboratories have to maintain control over the influx of samples as well as find the way to improve workflow to deliver patient results in a timely manner. Further, growing demand for data integration is another factor contributing to the laboratory information management systems market growth. With pharmaceutical and biotechnological industries spending huge amounts on research and development activities, the scientific communities are generating huge volumes of data.
The appropriate processing and interpretation of the collected data requires data integration solutions. For instance, in 2000, Quest Diagnostics, a prominent independent testing laboratory, started providing their consumers with a direct access to test results through the TheDailyApple.com website owned and managed by Caresoft Inc. It offers direct-to-consumer test result, thereby ensuring confidentiality and anonymity of patients. Manual processes and paper records may allow unauthorized access to data, which increases the chances of data manipulation, and hence, managing data integrity is a big challenge faced by laboratories dependent on manual operations. Increasing adoption of electronic health record (EHR) systems in outpatient clinics and hospitals, to mitigate the risks associated with manual operations, would fuel the demand for LIMS.
The systems also allow the use of laboratory data to offer safe and high-quality patient care. Thus, the growing focus on effective clinical workflow management, leading to the rise in automation if laboratory processes, is driving the laboratory information management systems market growth.
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THERMO FISHER SCIENTIFIC INC.
Abbott
Illumina, Inc.
LabLynx, Inc.
LabVantage Solutions, Inc.
Accelerated Technology Laboratories, Inc.
LabWare
Autoscribe Informatics
Segments Covered
By Type
- Standalone and Integrated
By Deployment
- On-Premise Delivery Mode
- Web-Based Delivery Mode
- Cloud-Based Delivery Mode
By Component
- Software and Services
By Application
- Sample Management
- Workflow Automation
- Records Management
- Logistics Management
- Enterprise Resource Planning
- Decision Making
By End-User
- Hospitals & Clinics
- Pharmaceutical Companies
- Contract Research Organizations
- Other End Users
Long-Term Impact and Future Trends:
The COVID-19 pandemic has accelerated the adoption of cloud-based and remote-access LIMS solutions in Europe. This trend is expected to continue in the post-pandemic era, as laboratories recognize the benefits of these technologies in terms of flexibility, scalability, and cost-effectiveness.
Furthermore, the pandemic has highlighted the importance of data integration and interoperability. LIMS solutions that can seamlessly integrate with other laboratory systems and healthcare platforms will be increasingly in demand.
Key takeaways from the pandemic that will affect the LIMS market in Europe:
- Increased adoption of cloud-based LIMS.
- Greater emphasis on remote access and data security.
- Enhanced collaboration between LIMS vendors and healthcare organizations.
- Accelerated digital transformation of laboratory operations.
- Increased need for systems that can handle large data sets, and rapid deployment.
The COVID-19 pandemic has served as a catalyst for change in the European LIMS market, driving the adoption of innovative technologies and strengthening the resilience of laboratory operations.
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