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Laboratory Information Management System (LIMS) Market size is set to grow by USD 1.62 billion from 2024-2028, increase in recent developments in LIMS to boost the market growth, Technavio

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NEW YORK, June 28, 2024 /PRNewswire/ — The global laboratory information management system (LIMS) market  size is estimated to grow by USD 1.62 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.46%  during the forecast period. Increase in recent developments in lims is driving market growth, with a trend towards emergence of SaaS-based LIMS. However, increasing data security and privacy concerns  poses a challenge. Key market players include Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies – Click for the snapshot of this report

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Deployment (On-premise and Cloud-based), Component (Software and Services), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.

Key Market Trends Fueling Growth

Companies are increasingly adopting Software-as-a-Service (SaaS) based Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and efficiency benefits. SaaS LIMS offers flexibility and short implementation times, enabling remote data access through web browsers. This reduces implementation costs and enhances investment returns. Small and mid-sized labs, which may not have dedicated IT budgets, find SaaS an attractive option. Popular SaaS LIMS vendors include CloudLIMS, FreezerPro, ChemWare, and EUSOFT. These factors are expected to drive the growth of the LIMS market during the forecast period. 

The Laboratory Information Management System (LIMS) market is experiencing significant growth due to the increasing demand for efficient and accurate laboratory data management. Machines, such as Analyzers and Instruments, generate vast amounts of data daily. This data must be managed effectively to ensure accurate results and compliance with regulations. Advanced features like Expandable Capacity and Findability are trending in the LIMS market. These features enable easy access to data and scalability as laboratory needs grow. Additionally, the integration of Biopharmacy and Research sectors is driving innovation in the LIMS market. Overall, the market is focused on providing Solutions that are Tech-Logical, Cost-Effective, and Regulatory-Compliant. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

Businesses and government healthcare agencies increasingly choose cloud-based Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and ease of access. Cloud deployment offers centralized data storage, high-speed networks, and seamless integration with existing systems. Key benefits include lower initial costs, simplified software management, robust security, and dependable performance. However, potential data breaches may hinder market growth during the forecast period.The Laboratory Information Management System (LIMS) market faces several challenges. One key challenge is ensuring data consistency and accuracy across various laboratory processes. Another challenge is integrating new technologies, such as artificial intelligence and machine learning, into existing LIMS systems. Additionally, ensuring data security and compliance with regulations like HIPAA and GDPR is a significant challenge. Furthermore, the need for real-time data access and analysis is increasing, requiring LIMS solutions to be scalable and flexible. Lastly, training staff to effectively use LIMS systems and ensuring their continued support is essential for successful implementation.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This laboratory information management system (lims) market report extensively covers market segmentation by

Deployment 1.1 On-premise1.2 Cloud-basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premise-  The on-premises LIMS market is experiencing significant growth due to the rising demand for secure and customizable data management solutions. These systems offer organizations control over data storage, access, and configuration, ensuring compliance with data privacy regulations. Key players, such as Thermo Fisher Scientific Inc. And Labworks LLC, provide tailored solutions for specific industries and offer regular updates and user-driven customization options. Market trends include advanced data analytics and visualization tools, enhancing decision-making capabilities. Regulatory requirements in sectors like healthcare and pharmaceuticals further fuel the adoption of on-premises LIMS solutions.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2018 – 2022)  – Download a Sample Report

Research Analysis

The Laboratory Information Management System (LIMS) market encompasses innovative solutions designed for managing and optimizing data-driven operations in various laboratories and research facilities. These systems facilitate the organization and execution of experiments and tests, ensuring accurate and efficient data collection and analysis. Compliance with regulations such as 21 CFR Part 11 is crucial, and LIMS solutions enable adherence through secure data management and electronic signatures. In the realm of medical cannabis, cannabis testing laboratories leverage these systems for sample tracking, data analysis, and result reporting. IT solutions, including those provided by skilled IT professionals, play a vital role in implementing and integrating LIMS software within laboratories. Operational efficiency is significantly enhanced through workflows optimized by these systems, enabling pipeline analysis and informed decision-making. Data center providers ensure the necessary infrastructure and security for hosting and managing laboratory data.

Market Research Overview

The Laboratory Information Management System (LIMS) market encompasses solutions that manage and automate laboratory operations, from sample receipt to result reporting. These systems utilize advanced technologies such as RFID, barcoding, and LIMS software to streamline workflows, enhance data accuracy, and improve overall efficiency. LIMS market offerings include modules for inventory management, quality control, data analysis, and reporting. The global LIMS market is expected to grow significantly due to increasing demand for automation in laboratories, rising focus on data-driven research, and the need for regulatory compliance. Additionally, the integration of AI and machine learning technologies in LIMS solutions is driving innovation and enhancing their capabilities.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedComponentSoftwareServicesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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Second Opinion Expert Announces Filing of U.S. Patent for Method of Generating Medical Opinions Using Artificial Intelligence

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Patent leverages AI technology to improve patient outcomes and reduce cost of care

DANA POINT, Calif., Dec. 22, 2024 /PRNewswire-PRWeb/ — SecondOpinionExpert, Inc. (SOE), a leading healthcare technology company, announced today that it has filed patent application 133902-0002UT01 with the United States Patent and Trademark Office entitled “Method and Apparatus for Generating Automated Medical Opinions Using Artificial Intelligence.” The patent covers the company’s proprietary system that communicates a medical opinion to a user based on a trained model that uses artificial intelligence (AI) or machine learning (ML).

“In the near future, we’ll launch our free app, enabling users to access high-quality medical opinions. This innovative app empowers individuals with insightful medical guidance that improves health and saves lives,” said Steve Krause, President of SecondOpinionExpert, Inc.”

Medical second opinions have traditionally been obtained by seeking out another healthcare professional who reviews the patient’s medical records, diagnoses, and tests. However, the rapidly increasing complexity of medical information, the demand for faster turnaround times, and the limitations of human expert availability have created a need for automated systems that utilize AI to generate both first and second medical opinions.

Artificial intelligence has made significant strides in medical diagnostics, including image recognition, predictive modeling, and natural language processing (NLP). These advancements present an opportunity to augment traditional second opinion systems by automatically processing patient medical records, diagnostic tests, and clinical data to generate high-quality first and second medical opinions.

SecondOpinionExpert’s technology increases the quality and efficiency of healthcare delivery, improves healthcare access and empowers doctors and patients to make better informed medical decisions. The HIPAA-compliant patented platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems enabling the company to provide fast, reliable and secure online medical opinions. The system provides patients greater peace of mind by leveraging the power of AI and ML.

“Our patent-pending AI enabled technology platform provides a cost-effective choice that improves patient care,” said Steve Krause, President, SecondOpinionExpert, Inc. “In the near future, we look forward to launching our user-friendly app that will be initially free of charge. People using our platform will be able to quickly obtain high quality medical opinions while avoiding unnecessary travel time and expense, knowing that they will be getting insightful medical guidance that improves health and saves lives.”

About SecondOpinionExpert

SOE’s mission is to provide innovative medical technology solutions to improve healthcare while reducing costs.

Our patented HIPAA-compliant platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems, enabling the company to provide fast, reliable and secure online medical opinions to inform both diagnosis and treatment planning. We empower patients, providers and payors to work together to make the best possible medical decisions, leading to better health outcomes and greater peace of mind for patients. SOE’s panel of 400+ board-certified medical specialists are available to render expert opinions informed as needed by AI and genomics.

SOE also owns and/or manages a rapidly growing network of facilities for post-acute care and substance treatment. Our proprietary platform for Electronic Medical Records (EMR) empowers best practices in administration and medical services.

Our proprietary TeleMedics Mobile Platform empowers and chronicles on-site visits from qualified medics or nurses. Mobile staff provide the human connection, capturing vitals and doing diagnostics and therapeutics, with the patient’s doctor participating as needed through live video. We work with our affiliate Intra Care, Inc. to provide superior home health and hospice care. We provide Remote Patient Monitoring (RPM) delivered through a strategic relationship with KangarooHealth, in-home respirators delivered and monitored by SOE affiliate Momentum Equipment and Pandemic Response through our MaxVax solution.

Additional information can be found at SOE.CARE

Media Contact

Jay Kilberg, Second Opinion Expert, Inc., 1 917.543.6285, jay.kilberg@soe.care, https://soe.care

Facebook, LinkedIn

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SOURCE Second Opinion Expert, Inc.

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The 6th “My China Story” International Short Video Competition Award Ceremony Held in Harbin

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HARBIN, China, Dec. 22, 2024 /PRNewswire/ — The 6th “My China Story” International Short Video Competition Award Ceremony was held in Harbin, northeast China’s Heilongjiang Province on December 19, 2024.

Du Zhanyuan, member of the Standing Committee of the 14th National Committee of the Chinese People’s Political Consultative Conference and president of China International Communications Group, and He Liangjun, member of the Standing Committee of the Heilongjiang Provincial Committee of the Communist Party of China (CPC) and director of the Publicity Department of the CPC Heilongjiang Provincial Committee, addressed the ceremony respectively. Lan Feng, member of the Standing Committee of the CPC Harbin Municipal Committee and director of the Publicity Department of the CPC Harbin Municipal Committee, attended the event. The ceremony was also attended by 300 other people from home and abroad, including Chinese and international video creators, experts, judges, and representatives from the publicity departments at different levels across the country, as well as representatives from various corporations.

For this year, the competition received a total of 59,559 videos from more than 130 countries and regions around the globe. After three rounds of strict comparison and appraisal by more than 30 professional Chinese and international judges from the fields of media, film and television, Internet, and international communication, 112 pieces of all videos finally won awards in different categories.

Heilongjiang, the northernmost and easternmost province of China, boasts a long history and rich culture. Harbin, the capital city of Heilongjiang Province, is famous for its local culture, music, art and architecture of Chinese and Western integrated styles as well as its openness and inclusiveness, making the city a unique source of inspiration to tell China stories to the world.

Under the theme of “Heaven of Ice and Snow, City of Charm and Vigor”, this year’s competition highlights the feature of the host city Harbin, attracting a lot of participants to make videos surrounding the topic. From the perspective of international creators, these short videos together present a dynamic Harbin and a charming Heilongjiang, as well as show a real China to the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-6th-my-china-story-international-short-video-competition-award-ceremony-held-in-harbin-302337936.html

SOURCE “My China Story” International Short Video Competition Organizing Committee

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