North America LIMS market is expected to reach USD 458.59 million by 2025 from USD 266.14 million in 2017, at a CAGR of 7.3% 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.
The major factors contributing to the growth of the market includes factors such as growing use of LIMS to comply with stringent regulatory requirements, rising need for adoption of LIMS in various industries, technological advancements in LIMS services are boosting the growth of the North America LIMS market.
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Covered in this report
The report covers the present scenario and the growth prospects of the North America LIMS for 2018-2025. To calculate the market size, the report considers the revenue generated from the sales of the web conferencing and unified communication and collaboration (UC&C) and video conferencing, secondary resources and doing in-depth company share analysis of major 10 players in the market.
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Market is further segmented into:
- Product Type
- Industry Type
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The North America LIMS market is segmented on the basis of component into services and software. In 2018, service is expected to dominate the LIMS market with 65.8% market share and is expected to reach 310.38 million by 2025, growing at the highest CAGR of 7.7% in the forecast period 2018 to 2025.
The North America LIMS market is segmented on the basis of product type into broad-based LIMS and industry-specific LIMS. In 2018, industry-specific is expected to dominate the LIMS market with 61.1% market share and is expected to reach 268.60 million by 2025, growing at a CAGR of 6.6% in the forecast period 2018 to 2025.
The North America LIMS market is segmented on the basis of delivery into on-premise LIMS, cloud-based LIMS and remotely hosted LIMS. In 2018, on-premise LIMS is expected to dominate the LIMS market with 52.2% market share and is expected to reach 226.34 million by 2025, growing at a CAGR of 6.4% in the forecast period 2018 to 2025.
The North America LIMS market is segmented on the basis of industry type into life sciences industry, food & beverage and agriculture industries, petrochemical refineries and the oil & gas industry, chemical industry and other industry. In 2018, life sciences industry is expected to dominate the LIMS market with 42.1% market share and is expected to reach 197.90 million by 2025, growing at a CAGR of 7.7% in the forecast period 2018 to 2025. The life sciences industry is further segmented into pharmaceutical and biotechnology companies, contract service organizations, academic research institutes and molecular diagnostics (MDX) & clinical research laboratories.
Based on geography, the North America LIMS market is segmented into geographical regions, such as,
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