Abstract
Reducing Inconvenience of Implementing LIMS to Increase Product Uptake
Several instances of laboratory information management system (LIMS)
implementations being over budget, not meeting deadlines, or failing altogether
are leading disgruntled customers to reluctantly seek new technology and
upgrades. LIMS users need solutions that are flexible enough to support their
business tasks, while being simple enough to reduce implementation times and
total cost of ownership. Suppliers can make purchase decisions easier for
customers by increasing the functionalities of solutions and reducing the need
for source code alterations for global deployment. Collaborating with scientific
data management system providers to ensure 'out-of-the-box' compatibility is
also likely to help lessen customization requirements and smoothen
implementation processes.
This Frost & Sullivan research service examines the global market for
LIMS and discusses the various market trends and opportunities in the market. It
offers revenue forecasts and key drivers and restraints affecting growth. This
study also provides market challenges and strategies to help overcome them.
Benefits of Enterprise LIMS Solutions Stimulate Demand
There is a clear need for global, corporate standard operating practices, in
part fueled by increased merger and acquisition activity in the world market.
"This trend underscores the need for integration with other business
software systems such as enterprise resource planning, chromatography data
systems, and data archiving within the IT framework," says the analyst.
LIMS vendors that can also deliver systems that support multiple languages, time
zones, and data formats are expected to experience robust growth.
When LIMS' market maturity coincides with globalization, the focus is
expected to shift from piecemeal, home brew systems to enterprise solutions that
standardize experimental protocols. "Customers are increasingly interested
in global implementations that regulate processes across multiple
locations," notes the analyst. Such uniformity is likely to help
organizations better utilize information among different divisions, and thereby
increase the value proposition of LIMS solutions.
Advances in IT Enhance LIMS' Ability to Improve Business Processes
Business unit managers require LIMS to give them greater control over
business practices and laboratory operations. Advances in IT are helping vendors
provide greater value in their systems. "The use of standard programming
code, databases, and application interfaces reduces the costs of installation
and maintenance, which provides a tremendous benefit to customers," remarks
the analyst.
Other advantages provided by IT in the LIMS market include aiding information
sharing and increasing discovery phase productivity with greater use of
electronic laboratory notebooks. The LIMS equipment, however, will have to cope
with the resultant additional data management requirements. To meet the need for
innovative and sophisticated products, LIMS devices are being made to
increasingly interface with personal digital assistants, tablet PCs, Excel
spreadsheets, and other sources of data. These improved functionalities are
likely to drive greater adoption of LIMS.
Table of Contents
- STRATEGIC ANALYSIS OF THE WORLD LABORATORY INFORMATION MANAGEMENT SYSTEMS
(LIMS) MARKETS
- Overview
- Introduction
- Disclaimer
- Certification
- Key Findings And Strategic Analysis
- Outline Slide
- Summary of Findings
- Market Maturation Process
- Strategic Anticipation
- I See It Coming
- Competitive Framework
- Potential Threats
- Potential Threats II
- Executive Quote
- Customer Priorities
- Market Lifecycle
- Growth Areas
- Total Market Analysis
- Outline Slide
- Research Scope And Methodology
- Market Drivers
- Executive Quote II
- Industry Challenges
- Challenges And Strategies
- Challenges And Strategies II
- Challenges And Strategies III
- Challenges And Strategies IV
- Executive Quote III
- Market Engineering Measurements
- Forecast Assumptions
- Global LIMS Market Forecast
- Segment Analysis
- Segment Analysis II
- Global LIMS Market Overview
- Global LIMS Market Overview II
- Competitive Landscape
- Outline Slide
- Executive Quote IV
- Market Share Analysis
- Products Versus Services
- Market Trends
- Market Trends II
- Market Trends III
- Market Trends IV
- Executive Quote V
- Technology Trends
- Technology Trends II
- Major Events
- Executive Quote VI
- Major Events II
- End User Survey
- Outline Slide
- Respondent Profile
- Types of Instruments
- LIMS Features
- LIMS Features II
- Future Purchases
- Future Purchases II
- Factors Affecting Purchase
- Executive Quote VII
- Decision Support Databases
- Outline Slide
- Macro Economic Analysis
- Macro Economic Analysis II
- Macro Economic Analysis III
- Macro Economic Analysis IV
- Macro Economic Analysis V
- Frost And Sullivan Awards
- Outline Slide
- Frost & Sullivan Awards
- Product Quality Leadership
- Product Innovation
- Customer Service Innovation
- Technology Innovation
- Technology Quality Leadership
- Frost And Sullivan Capabilities
- Outline Slide
- Healthcare Team
- Our Capabilities
- Our Capabilities II
- Our Consulting Clients
- Frost & Sullivan Growth Consulting
- Growth Consulting Process
- Growth Consulting Deliverables
- Growth Partnership Services
- The Growth Partnership Services Platform
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