#cloud based lims

[doccure]

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[wonopia]

THE PHOTOBOOTH | 007. DAY ONE

[WC] . 1250 prev ! mlist ! next

it has been a couple days since their first date and the word had already spread around school so they're basically more public than ever, absolutely no going back.

today is the first day of college viewings, seoul national university. it was around 6:20 when misaki, ryujin, and beomgyu arrived at school. the buses were lined up along the parking lot, where several other grade 2's waited with their friends.

"i'm so tired," ryujin complained, her head resting on beomgyu's shoulder. gyu's head nodded off as he hummed along to a song, his breath turning into a vapor cloud.

it was really cold although it was the start of a new year. misa made sure to pack extra warm. she brought her hands up to her mouth, breathing onto them because of the fact that she was freezing. the scarf around her neck keeps her somewhat warm.

"guys, don't fall asleep now," misa groaned, holding onto all of their suitcases so they don't roll away.

it was as if her call for help was a lullaby, they fell into a deeper sleep. misa scoffed at them before moving the 3 suitcases to her right. the sight of them falling asleep made her want to yawn but she attempted to resist the temptation.

buzz. buzz. it was her phone in her pocket. she took it out, sliding open the screen. a notification from sunghoon popping up. she sighed quietly at the message before typing back.

misa stared blankly at the words.

"you've got to be kidding," she mumbled to herself.

from a mega phone not too far away, they started to list off people into groups based on colleges.

"beomjin," misa called to her best friends, kicking their legs, "they're calling us."

"seoul national university, bus 2."

she led beomjin, ryu and gyu, toward bus 2 as they trudged along behind her while misa attempted to roll their suitcases along.

she was able to bring them to the front of the line, meaning she could go straight to a seat she wanted. she desired a seat near the back, away from the teachers as usual.

the teachers didn't bother to do roll-call, and she quotes, "whoever shows up, shows up."

mr. lim knocked lightly on the bus doors, shortly after the gas released and the folding doors squeaked open. misa turned around to her best friends, unsurprised to see them sleeping on each other.

"beomjin, wake up."

"we're listening," beomgyu pushed, his eyes still shut. his head remaining on ryujin. as for ryu she was unresponsive.

misa shrugged it off before continuing, "gyu, you're sitting with me, right?"

his eyes squinted open before slowly shaking his head no, "i'm going to sit with ryujin. i am not sitting beside you if you are awake that much. i'm a tired man," he told her.

"mhm," ryu mumbled, clearly half asleep.

the boy nodded his head for her to move forward in the line.

"ugh fine," misa groaned annoyedly, letting go of their suitcases, "put your stuff away by yourself!"

she grabbed her single suitcase, dragging it behind her as she went to the next free open spot in a luggage holder under the bus. she lifted it up before sliding it in.

her hand naturally held back onto her bag strap before entering the bus, picking an empty seat near the back.

it had been a couple minutes and there was still no sign of sunghoon. she peeked her head every now and then out into the aisle to see if he was entering but it wasn't him.

she sat back in her seat, more near the window. what am i doing? ugh, im so weird. misa unwrapped her scarf from around her neck before she reached down into her backpack that was sitting on the floor between her legs, pulling out her laptop, and glasses.

she put them over her nose and began opening her assignments. suddenly there was a presence beside her seat, she looked up seeing sunghoon.

she smiled sheepishly, getting nervous. she gestured for him to sit beside her. he nodded, obeying, sitting down with his backpack in his lap.

he peeked over her shoulder to look at her screen.

"and you're still working on assignments," he sighed, relaxing back on they're seat. he slid his backpack between his legs before unzipping it and pulling out a small throw blanket.

"blanket?" he offered.

"yes please," she nodded, eye's subconsciously getting bigger.

he laughed at her, adjusting the blanket so it was over her legs and his.

"where's jay sitting?" she asked.

"with ningning," he sighed, leaning back on the head rest as he attempted to get comfortable.

speaking of jay, she couldn't get what he said out of her mind. why would he say those things? she would hurt him? she barely even knows jay. if anything, she's worried if sunghoon's gonna hurt her.

"okay so student's, you guys should know the drill. keep your hands to yourselves, don't be too loud, you guys can talk but please keep it to a minimum of whatever voice im talking in right now. food and drinks are allowed just don't make a mess and if you guys are being rowdy while you eat, i highly suggest you don't," the driver spoke into the mic.

after the usual bus speech, the vehicle began to move, and the bus was unusually quiet. misa was guessing everyone was tired and the sleep was getting to them.

she continued to type at a medium pace, finishing up her korean language work that she didn't finish the night before.

"hey misa," sunghoon mumbled.

she glanced over to the boy, being face to face with him, "hm?"

"do you mind if i rest my head on your shoulder?" his hand meeting the nape of his neck, "i didn't get enough sleep last night."

"well we're dating so of course," she chuckled, sinking into her spot, eyes returning to the device in her lap.

"oh right," his cheeks tinted a shade of pink, "thanks."

he adjusted himself so he could rest his head on her shoulder, but it was more like he was laying against her. she looked over at him to see him lying comfortably with his eyes closed, unbothered, she continued to type.

it wasn't long before her eyes started to droop, she shook her head fighting the urge to sleep. she needed to finish her work and when they arrived at the hotel, she could sleep. she sighed, letting the sleep win. she shut her laptop and slowly reached down to place it in her backpack.

the sun was already coming through the window, the ice melting as it became closer to 7 am.

sunghoon moved every now and then, trying to snuggle his head more near her upper stomach. she lifted his arm, placing it over his upper chest, hoping it was more comfier for him.

she smiled to herself as she got a good look at him. he looked so peaceful and unbothered. the sun reflecting through the water droplets on the window and onto his face.

she stared, absolutely mesmerized by his beauty. her hand unconsciously made it's way to the left side of his face, slowly caressing his cheek.

she gulped, being this close was almost suffocating. the worst part was that she couldn't tell if it was good or a bad thing. she couldn't help but keep her hand on his skin.

note: times dated on these things are all wrong 👍

© wonopia 2024

open TAGLIST. @coffeeprincejaehyun @hoonatic @i03jae @lilifiedeans

[missiletoe]

barely looking this over before posting, but another drabble for kittyuri !!!!

Prompt: yuri between apprentice witches Word Count: 845

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They’re tackling illusions today in class except Kitty’s creatures look more like deflated balloon animals than wildlife. A lopsided dog whimpers at her before its leg collapses entirely with the smell of burnt rubber. Lovely.

She flicks her wrist and the whole thing dissipates in a cloud of blue smoke.

“You doing party tricks in here or homework?”

Great. As if today’s day wasn’t already bad. Now, Kitty has to run into Little Miss Perfect, darling of KISS Arcane Academy with perfect grades, picture-perfect spells, perfect hair, perfect clothes, perfect face–

“Seriously though, Kitty, what was that?” 

She gets enough ridicule from her teachers, there’s no room for seconds. Kitty groans and lets the remains floating through the air do the talking.

At least her teachers’ disappointment has dulled to expectation by this point. She gets more sighs than shrieks these days. As much as is expected of a half-witch.

Yuri makes no move to leave so Kitty sighs and starts drawing another sigil, willfully ignorant of her audience. The base for the wolf illusion is a circle and the base is the most important part–has to be sturdy and straight and all that for the rest of the spell to build on it–but she can’t do much about the way her hand shakes. She closes the loop with a twist of her pointer finger and gets a wobbly egg-shape for her troubles.

“Kitty,” Yuri chides from right over her shoulder and Kitty swallows her heart right before it pops out of her throat. When did she even cross the room? And why? To get a front-row seat to the Daily Kitty Shitshow? “You couldn’t even make a believable puppy from that. Here, let me show you.”

Kitty nods and scrambles six feet backwards. The floral scent follows her like a bread crumb trail leading home. God, is that a spell or just her?

She expects Yuri to pull out her own wand–a silver, elegant and polished thing like every other part of her–from her pocket and demonstrate the spell. She expects her to draw the symbol in the air, maybe even make Kitty mirror the pattern in the air by tracing out her linework.

What she does not expect is for Yuri to grab her wrist–still clutching her wooden hand-me-down that’s more branch than wand–and start drawing a circle in the air. Her heart pops out of her ribcage like one of those cheap squeeze-toys.

Of course Yuri’s skin is soft and her touch is gentle. She probably farts rainbows and pukes sunbeams too. Kitty has a bone to pick with fate for the clear favoritism.

“Kitty, you have to look at the sigil to remember it,” Yuri chides, but the fact that she’s on the cusp of a laugh negates any real bite.

“Right, I’m looking!” And she is, she’s looking pointedly at that damned sigil that haunts her daydreams and decorates her nightmares and not at anyone else. Anything else. Fuck. Same difference.

Her circle really is picture-perfect though–it might as well have been done with a compass. As expected of the principal’s daughter.

“Seriously, how’d you get so good at this?” Kitty asks as Yuri moves onto the edges. She adds a series of triangles that run along the circumference.

“Practice. Lots and lots of practice.”

“What, Principal Lim made you draw before you could even walk?” She says the words with no real force but they catch on Yuri’s face and tug her mouth downwards.

“Something like that,” she replies off-handedly and something about the way she bites the inside of her cheek makes Kitty want to pry further. Like a sealed box with the tape peeling off, begging to be opened. Her words are swallowed by Yuri’s shriek though as she wraps both hands around Kitty’s arm and shakes violently.

“Look, it’s coming out!” she says and sure enough, a paw emerges from the circle’s center.

The wolf that steps out is beautiful. Of course it is–it’s made by Yuri after all. Summoned by her via Kitty’s wand and arm. It comes up a little past her waist with two giant ears pressed to its head and a black velvet nose.

The wolf nuzzles up against her leg and she stares at the way her skin cuts straight through. It’s almost enough to make her miss Yuri’s quiet exit from the room, half her body obscured by the doorframe by the time Kitty catches on.

“Wait!” she yelps, bowling straight over a desk. Damn these stuffy, old-fashioned shoes. “Let me at least buy you–” She digs through her pockets and surfaces with a couple 100-won coins. Oops. “Uh, a soda, maybe? I think I might have enough if you’re down to share.”

Yuri watches her struggle with a bemused smile on her face.

“For something this small, don’t even worry about it,” she laughs.

Kitty stops and stares at her, leg still halfway hooked around a chair.

Yuri smiles and blows her an illusion across the room. When it pricks Kitty’s nose, hearts shatter across her skin.

[tamanna31]

Laboratory Information Management System Market Pegged to Expand Robustly During 2024-2030

Laboratory Information Management System Industry Overview

The global laboratory information management system market size was valued at USD 2.3 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. 

Technological advancements pertinent to pharmaceutical laboratories and a rise in demand for lab automation are expected to fuel the demand for these systems in the coming years. Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable positive industry growth.

Gather more insights about the market drivers, restrains and growth of the Laboratory Information Management System MarketIn addition, low cost of implementation, efficient time management, and compliance with GDP, GCP & GMP are other major factors driving Laboratory Information Management System (LIMS) industry growth.

Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market report based on product, component, end-use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

On-premise

Web-hosted

Cloud-based

Component Outlook (Revenue, USD Million, 2018 - 2030)

Software

Services

End-use Outlook (Revenue, USD Million, 2018 - 2030)

Life Sciences

CROs

Petrochemical Refineries & Oil and Gas Industry

Chemical Industry

Food and Beverage & Agriculture Industries

Environmental Testing Laboratories

Other Industries (Forensics and Metal & Mining Laboratories)

Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Sweden

Denmark

Norway

Asia Pacific

China

India

Japan

Australia

South Korea

Thailand

Latin America

Brazil

Mexico

Argentina

MEA

South Africa

Saudi Arabia

UAE

Kuwait

Browse through Grand View Research's Healthcare IT Industry Research Reports.

The global medical kiosk market size was valued at USD 1.42 billion in 2023 and is projected to grow at a CAGR of 15.1% from 2024 to 2030. 

The global physician advisory services market size was estimated at USD 4.25 billion in 2023 and is estimated to grow at a CAGR of 6.8% from 2024 to 2030.

Key Companies & Market Share Insights

The global LIMS industry remains highly competitive. Key companies are involved in acquisitions, strategic collaborations, and new product launches to withstand the competition. Companies are focusing on implementing strategies, such as new product launches, regional expansion, partnerships, and distribution agreements, to increase their revenue share.

In August 2023, Thermo Fisher Scientific, Inc. launched the EXENT solution, a fully integrated and automated mass to meet the unmet clinical needs for innovative mass spectrometry solutions to transform monoclonal gammopathy management.  

In December 2022, LabVantage Solutions, Inc. released Version 8.8 of its flagship LIMS platform, which features a multitude of upgrades across all components. These factors are expected to boost the growth of the market over the forecast period.

Key Laboratory Information Management System Companies:

Thermo Fisher Scientific Inc.

Siemens

LabVantage Solutions Inc.

LabWare

PerkinElmer Inc.

Abbott

Autoscribe Informatics

Illumina, Inc.

Labworks

LabLynx, Inc.

Computing Solutions, Inc.

CloudLIMS.com (LabSoft LIMS)

Ovation

LABTRACK

AssayNet Inc.

Order a free sample PDF of the Laboratory Information Management System Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Future of Laboratory Information Management System Procurement Intelligence: Trends and Insights

The laboratory information management system category is anticipated to grow at a CAGR of 6.7% from 2023 to 2030. Increasing automation such as cloud-based system, predictive analytics, and artificial intelligence has resulted in streamlined operations, increased productivity, and reduced cost, which helps laboratory information management systems (LIMS) in managing samples and associated data in the laboratories in an effective and efficient way. Additionally, rising demand for drug discoveries and R&D activities has led to the adoption and implementation of LIMS across the globe.

Many laboratories are now choosing cloud-based storage solutions for their Laboratory Information Management Systems (LIMS). Cloud-based LIMS systems provide widespread connectivity within labs, connecting various workstations, devices, and data sources. This connectivity enhances operational efficiency and effectiveness. These systems also offer scalability and strong maintenance support, enabling multiple integrations, comprehensive data management, advanced analytics, and more. The shift towards cloud deployments in laboratories is motivated by the need for agility, scalability, reduced costs, and simplified system upgrades and maintenance. By embracing cloud-based LIMS, laboratories can streamline their IT expenses and ensure smooth scalability and continuous system improvements.

LIMS integrated with Artificial Intelligence (AI) and Machine Learning (ML) algorithms greatly augment their utility by enabling precise predictions, enhanced data consolidation, and efficient decision-making. These algorithms streamline complex logic and computations, empowering managers to make well-informed choices grounded in valuable insights. In the biopharmaceutical sector, advanced algorithms are employed in laboratories to accelerate product development, leading to heightened quality and the development of vital new medications for patients. In the past, pharmaceutical manufacturing heavily depended on human intelligence and researchers' judgments, but now, AI has taken over the control of the decision-making process.

Order your copy of the Laboratory Information Management System Procurement Intelligence Report, 2023 - 2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis

Industries prioritize operational convenience, often facing challenges when transitioning from traditional methods to advanced LIMS. Outdated processes, incompatible tools, and complex workflows in labs can complicate this shift. Consequently, labs are increasingly seeking pre-configured standard solutions with industry-standard capabilities and best practices. Adopting such solutions can streamline the implementation process, leading to immediate positive outcomes.

The category includes large established companies offering comprehensive solutions, as well as smaller niche players focusing on specific laboratory types or functionalities. This diversity intensifies competition. Continuous innovation and differentiation in service offerings, user experience, and compliance features drive competition among LIMS providers. Acquisitions, collaborations, and partnerships have also impacted the category growth in recent years. For instance, in August 2023, STARLIMS a provider of enterprise information solutions acquired Labstep. Through this acquisition, STARLIMS’ comprehensive LIMS technology combined with Labstep’s user-friendly, SaaS electronic laboratory notebook (ELN) platform. Through this acquisition, users can strip off complexity from the lab and unlock data’s true potential in a connected system.

Additionally, with more and more advanced technology, companies are upgrading their software to newer versions to sustain in the market. For example, in December 2022, LabVantage Solutions, which is the provider of laboratory informatics services, and solutions including LIMS solutions launched version 8.8 of its LabVantage LIMS platform. This version includes multiple enhancements within every element of the platform. This can also improve the security, usability, speed, and accuracy of LIMS components such as laboratory execution system (LES), and electronic laboratory notebook (ELN).

Labor, IT hardware costs, maintenance, staff training, legal charges, software update costs, and others are some of the cost components in providing laboratory information system services. The price varies based on the number of labs, modules, test methods, and customization required. The software development with basic features can cost around USD 45,000 to USD 70,000. With additional advance features, the cost may rise from USD 80,000 to USD 120,000. The cost of hiring a LIMS service provider in the U.S., and UK can be around USD 90 - 100 per hour, that is higher as compared to Asian countries where it can cost as low as USD 50 per hour.

In terms of providing laboratory information management system services, laboratories usually outsource the service as it can help labs save on cost and spend time on other important tasks such as running and scheduling the test instead of spending time on software management. For sourcing this service, customers usually look for service providers that offer end-to-end services, customizations, vendor’s reputation and brand awareness, application support, extra features, and subscription services. Identification of requirements followed by evaluating suppliers based on services they provide, round-the-clock technical support, value-added services, pricing, long-term relationships, and customization provided are the best sourcing practices for the category.

Laboratory Information Management System Procurement Intelligence Report Scope

• Laboratory Information Management System Category Growth Rate: CAGR of 6.7% from 2023 to 2030

• Pricing growth Outlook: 3% - 4% (annual)

• Pricing Models: Service-based pricing; subscription-based pricing, Competition based pricing

• Supplier Selection Scope: Cost and pricing, services provided, features, technical support, vendor’s reputation, service reliability and scalability, and compliance.

• Supplier selection criteria: Various services provided, application support provided, IT support, technology used, end-to-end service, additional features, location and presence of supplier, and others

• Report Coverage: Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Browse through Grand View Research’s collection of procurement intelligence studies:

• Chemical Management Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

• Lab Supplies Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

Key companies profiled

• LabVantage Solutions

• STARLIMS

• ThermoFisher Scientific

• LabWare

• Siemens

• Illumina

• LabLynx

• Labworks

• Accelerated Technology Laboratories

• QBench

Brief about Pipeline by Grand View Research:

A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.

Our services include (not limited to):

• Market Intelligence involving – market size and forecast, growth factors, and driving trends

• Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships

• Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing

• Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions

[omshinde5145]

Laboratory Information Management System (LIMS) Market Share, Sales Channels and Overview Till 2030

The Laboratory Information Management System (LIMS) Market was valued at USD 1.6 billion in 2023 and will surpass USD 4.0 billion by 2030; growing at a CAGR of 14.0% during 2024 - 2030. This need has fueled the growth of the Laboratory Information Management System (LIMS) market, a sector that is becoming increasingly essential in the fields of healthcare, pharmaceuticals, biotechnology, food and beverage, and more. In this blog, we’ll explore the current trends, market growth, and the key factors driving the expansion of the LIMS market.

A Laboratory Information Management System (LIMS) is a software solution designed to streamline the operations of a laboratory. It facilitates the management of samples, associated data, and laboratory workflows. LIMS systems are crucial for ensuring the accuracy, efficiency, and compliance of lab operations, particularly in regulated environments. This growth can be attributed to several factors, including the increasing demand for automation in laboratories, the rising adoption of cloud-based LIMS solutions, and the expanding need for data integrity and regulatory compliance.

Get a Sample Report: https://intentmarketresearch.com/request-sample/laboratory-information-management-system-lims-market-3637.html

Key Trends in the LIMS Market

Cloud-Based Solutions: One of the most significant trends in the LIMS market is the shift towards cloud-based solutions. Cloud LIMS offers several advantages over traditional on-premise systems, including lower upfront costs, easier scalability, and enhanced data accessibility from remote locations. As more laboratories seek flexibility and cost-effectiveness, cloud-based LIMS adoption is on the rise.

Integration with Emerging Technologies: The integration of LIMS with emerging technologies like artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) is transforming the way laboratories operate. These technologies enable predictive analytics, automated decision-making, and real-time monitoring, further enhancing the efficiency and accuracy of lab processes.

Focus on Data Security and Compliance: With the increasing importance of data integrity and the growing complexity of regulatory requirements, LIMS providers are prioritizing data security and compliance features. Laboratories, particularly in the pharmaceutical and healthcare sectors, require systems that can ensure compliance with regulations like FDA 21 CFR Part 11, GDPR, and HIPAA.

Customization and Flexibility: As laboratories vary greatly in their needs and workflows, there is a growing demand for customizable and flexible LIMS solutions. Vendors are offering more modular and configurable systems that can be tailored to the specific requirements of different labs, whether they are in research, clinical diagnostics, or quality control.

Growing Adoption in Emerging Markets: The LIMS market is not just expanding in developed regions like North America and Europe but is also seeing significant growth in emerging markets such as Asia-Pacific and Latin America. The increasing investment in healthcare infrastructure and R&D activities in these regions is driving the demand for LIMS solutions.

Key Players in the LIMS Market

Several companies dominate the LIMS market, offering a range of solutions tailored to various industries. Some of the leading players include Thermo Fisher Scientific, LabWare, LabVantage Solutions, STARLIMS (Abbott Informatics), and PerkinElmer. These companies are continuously innovating to offer advanced features, user-friendly interfaces, and robust support services to meet the evolving needs of laboratories worldwide.

Get an insights of Customization: https://intentmarketresearch.com/ask-for-customization/laboratory-information-management-system-lims-market-3637.html

Challenges Facing the LIMS Market

Despite the growth and innovation in the LIMS market, there are challenges that vendors and laboratories must navigate. These include the high costs associated with implementing and maintaining LIMS, the complexity of integrating LIMS with existing laboratory systems, and the need for ongoing training and support for laboratory staff.

Conclusion

The Laboratory Information Management System (LIMS) market is poised for significant growth in the coming years, driven by the increasing demand for automation, data integrity, and regulatory compliance in laboratories. As technology continues to evolve, LIMS solutions will become even more integral to the efficient and accurate operation of labs across various industries. For laboratories looking to stay competitive and compliant, investing in a robust LIMS solution is no longer just an option—it’s a necessity.

[prajwal-agale001]

Next Generation Sequencing (NGS) Informatics Market Expansion: CAGR 15.4% by 2030

Meticulous Research®, a leading global market research firm, has unveiled a detailed study titled “Next Generation Sequencing (NGS) Informatics Market by Offering (Data Analysis, Interpretation & Reporting, Storage & Computing, LIMS), Application (Diagnostic, Drug Discovery, Precision Medicine, Biomarker Discovery) End User - Global Forecast to 2030.” This comprehensive report highlights the projected trajectory of the NGS informatics market, forecasting substantial growth that positions the market to reach $4.3 billion by 2030, with a robust compound annual growth rate (CAGR) of 15.4% during the forecast period.

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=3483

Overview of the NGS Informatics Market

Next Generation Sequencing (NGS) has revolutionized genomic research by allowing for high-throughput sequencing of DNA and RNA. The field of NGS informatics plays a crucial role in managing and analyzing the vast amounts of data generated by these technologies. This sector encompasses various offerings, including software solutions for data analysis and interpretation, storage and computing tools, and Laboratory Information Management Systems (LIMS). The market is driven by advancements in technology, increasing demand for personalized medicine, and the growing prevalence of genetic disorders.

Market Drivers

Rising R&D Investments: Pharmaceutical and biotechnology companies are significantly investing in research and development to advance genomic and precision medicine. These investments are fostering the development of sophisticated NGS informatics solutions that cater to the growing complexity of genomic data. The integration of NGS technologies into research workflows is becoming increasingly common, driving demand for advanced informatics tools.

Prevalence of Cancer and Genetic Disorders: The rising incidence of cancer and genetic disorders has heightened the need for precise diagnostic tools and targeted treatments. NGS offers the ability to identify genetic mutations and variations that can lead to more accurate diagnoses and personalized treatment plans. This increased demand for NGS-based diagnostics is a major growth driver for the informatics market.

Technological Advancements: The rapid evolution of NGS technologies and informatics solutions is a key factor in market growth. Innovations in data analysis, interpretation, and storage are enhancing the efficiency and accuracy of genomic research. Advances such as cloud-based data storage and computational tools are enabling researchers to handle and analyze large-scale genomic datasets more effectively.

Government Initiatives: Supportive government initiatives and funding for large-scale genomic sequencing projects are fostering market growth. Various national and international programs are aimed at advancing genomic research and integrating NGS into clinical practices. These initiatives contribute to the expansion of the NGS informatics market by promoting the adoption of cutting-edge technologies.

Market Restraints

Data Confidentiality Concerns: The handling of sensitive genomic information raises significant data confidentiality and privacy concerns. Ensuring the security of patient data is a critical challenge for NGS informatics providers. Stringent regulations and the need for robust data protection measures can hinder the growth of the market.

High Production Costs: The high cost associated with developing and maintaining NGS informatics solutions poses a challenge to market growth. The complexity of NGS technologies and the need for advanced infrastructure contribute to the elevated costs, which may limit access for smaller research institutions and healthcare providers.

Lack of Skilled Professionals: The operation of NGS informatics tools requires specialized skills and expertise. The shortage of qualified professionals capable of managing and interpreting complex genomic data presents a significant obstacle. Addressing this skills gap is essential for the continued expansion of the market.

Market Segmentation

The NGS informatics market is segmented based on offering, application, end user, and geography. Each segment provides insights into the specific dynamics and opportunities within the market.

1. Offering:

Software: The software segment is expected to dominate the market in 2023. This segment includes data analysis software, data interpretation and reporting tools, data storage and computing tools, and Laboratory Information Management Systems (LIMS). Software solutions are critical for processing, storing, and sharing large volumes of NGS and genomic data with higher scalability, speed, and security. The increasing demand for scalable genomic data storage and efficient data management drives the growth of this segment.

Deployment Mode: This segment is divided into web and cloud-based, and on-premise solutions. Cloud-based solutions are gaining traction due to their flexibility, scalability, and cost-effectiveness. However, on-premise solutions continue to be preferred by organizations with stringent data security requirements.

NGS Informatics Services: Services associated with NGS informatics include data management, analysis, and consulting. These services support the implementation and utilization of NGS technologies, providing valuable assistance to researchers and healthcare providers.

2. Application:

Drug Discovery: The drug discovery segment is expected to hold the largest market share in 2023. NGS informatics solutions play a crucial role in identifying genetic mutations linked to diseases, which is essential for discovering new drug targets. The decreasing cost of sequencing and the increasing volume of data generated in pharmaceutical research contribute to the significant market share of this segment.

Disease Diagnoses: NGS technologies are increasingly used in diagnosing genetic disorders and cancers. The ability to identify specific genetic mutations allows for more accurate diagnoses and personalized treatment plans. This growing application is a major factor in the expansion of the NGS informatics market.

Biomarker Discovery: The discovery of biomarkers for various diseases is a key application of NGS informatics. Biomarkers play a critical role in early disease detection, prognosis, and treatment monitoring. The increasing focus on precision medicine and personalized healthcare drives the demand for biomarker discovery solutions.

Precision Medicine: Precision medicine aims to tailor treatments to individual patients based on their genetic profile. NGS informatics is integral to the development and implementation of personalized treatment strategies. The growing emphasis on precision medicine fuels the demand for advanced informatics solutions.

Agriculture and Animal Research: NGS informatics is also applied in agriculture and animal research to enhance crop and livestock production. The ability to analyze genetic information helps in developing improved varieties and breeds, contributing to the growth of this segment.

3. End User:

Pharmaceutical & Biotechnology Companies: This segment is anticipated to lead the market in 2023. Pharmaceutical and biotechnology companies utilize NGS informatics for drug discovery, development, and clinical trials. The high level of R&D activities and the continuous reduction in sequencing costs drive the dominance of this segment.

Hospitals and Diagnostic Laboratories: Hospitals and diagnostic laboratories are increasingly adopting NGS informatics for disease diagnosis and personalized treatment. The growing demand for advanced diagnostic tools and precision medicine supports the expansion of this segment.

Academic & Research Institutes: Academic and research institutions use NGS informatics for fundamental research and scientific studies. The increasing focus on genomic research and the need for advanced data analysis tools contribute to the growth of this segment.

4. Geography:

North America: In 2023, North America is expected to hold the largest market share. The U.S. is a major contributor to this growth due to high R&D expenditure, the presence of leading NGS informatics players, and supportive government policies. The prevalence of cancer and genetic disorders and favorable reimbursement scenarios for NGS-based tests further drive market growth in this region.

Europe: Europe follows North America in terms of market share. The region benefits from strong government support for genomic research, an increasing number of applications for NGS, and a growing emphasis on personalized medicine.

Asia-Pacific: The Asia-Pacific region is experiencing significant growth, driven by increasing investments in healthcare infrastructure and rising interest in genomic research. Countries such as China, Japan, and India are contributing to the expansion of the NGS informatics market in this region.

Latin America and the Middle East & Africa: These regions are also witnessing growth in the NGS informatics market, driven by improving healthcare infrastructure and increasing research activities.

Market Trends

1. Adoption of Cloud-Based Solutions: The shift towards cloud-based NGS informatics solutions is a notable trend. Cloud computing offers scalability, flexibility, and cost-efficiency, making it an attractive option for managing large-scale genomic data.

2. Integration of Artificial Intelligence (AI): The integration of AI and machine learning technologies into NGS informatics is enhancing data analysis and interpretation. AI algorithms can identify patterns and correlations in genomic data, leading to more accurate insights and predictions.

3. Increasing Focus on Personalized Medicine: The emphasis on personalized medicine and targeted therapies is driving the demand for advanced NGS informatics solutions. Personalized treatments based on genetic profiles are becoming more prevalent, fueling market growth.

4. Advancements in Data Security: As data confidentiality concerns remain a significant challenge, advancements in data security and encryption technologies are being implemented to safeguard sensitive genomic information.

5. Expansion of Genomic Research: The ongoing expansion of genomic research and the establishment of large-scale genomic databases are contributing to the growth of the NGS informatics market. Collaborative research initiatives and consortia are facilitating the generation and sharing of extensive genomic data.

6. Rising Demand for Integrated Solutions: There is a growing demand for integrated NGS informatics solutions that combine data analysis, storage, and management capabilities. These comprehensive solutions offer a seamless approach to handling complex genomic data.

Key Players

The NGS informatics market features several prominent players, including Illumina, Inc., Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Qiagen N.V., Agilent Technologies, Inc., Sapio Sciences, LLC, DNASTAR, Inc., Fabric Genomics, Inc., Partek Incorporated, and DNAnexus, Inc. These companies are at the forefront of innovation in NGS informatics, offering a range of solutions to address the growing demands of genomic research and clinical applications.

As the NGS informatics market continues to evolve, stakeholders must navigate a dynamic landscape characterized by rapid technological advancements, shifting regulatory environments, and increasing demands for precision and efficiency in genomic research. The market’s growth trajectory is supported by ongoing innovations, expanding research applications, and a growing emphasis on personalized medicine.

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Laboratory Informatics: Enabling Digital Transformation of Life Science Research

Laboratory informatics refers to the management of data and information generated during laboratory experiments and research. It involves the use of laboratory information management systems (LIMS), electronic lab notebooks (ELN), scientific data management systems (SDMS), and other software tools to capture, integrate, process, and store laboratory data. Laboratory Informatics Provides Data Integrity and Compliance By automating workflows and processes, lab informatics ensures data integrity and regulatory compliance. Digital records are easier to validate, audit, and protect from alteration compared to paper-based documentation. Electronic data capture eliminates mistakes from manual transcription of test results. Embedded controls and audit trails help demonstrate compliance with guidelines such as GxP, GLP, and data privacy regulations. Improving Workflow Efficiency and Productivity Laboratory informatics streamlines workflows to reduce manual tasks and paperwork. Experiments can be planned, executed, and analyzed using integrated software tools rather than spreadsheets or paper logs. Automated sample processing and result reporting save time otherwise spent on repetitive documentation. Scientists spend less time searching for past data and more time for analysis and discovery. Remote access to systems allows off-site collaboration. Facilitating Data Sharing and Reuse Laboratory informatics makes it easier for scientists to find, access, share, and reuse past data within and across organizations. SDMS stores data in standardized formats alongside metadata like experimental protocols. Search tools enable retrieving relevant data based on parameters. This eliminates the need to repeat experiments and advances scientific knowledge through data-driven research. Integrations with analysis software facilitate repurposing of existing data for new insights. Accelerating Drug Discovery and Translational Research Informatics plays a key role in accelerating drug discovery from target identification to clinical trials. SDMS integrated with analytical instruments capture and link experimental data, chemical structures, biomarkers, and genomic profiles. Applications analyze this extensive biological and chemical data to identify new drug targets and biomarkers. Informatics-driven insights help select the right candidates for further evaluation faster. Integrations with electronic lab notebooks and LIMS support preclinical and clinical research activities. Powering Hypothesis-Driven Research Laboratory informatics fuels hypothesis-driven research by enabling exploration and discovery of patterns in vast amounts of multidisciplinary data. Data mining and analytics tools applied on integrated experimental and outcome datasets help form new research hypotheses. Scientists can ask questions of datasets, quicklyfilterresults, and focus research based on generated insights, rather than searching blindly. Cloud-based platformsmake gigabytes of data remotely accessible for collaborative analysis using simulation models, machine learning and artificial intelligence techniques.

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Laboratory Information Management System (LIMS) Market worth $3.8 billion by 2029

Laboratory Information Management System (LIMS) Market in terms of revenue was estimated to be worth $2.1 billion in 2024 and is poised to reach $3.8 billion by 2029, growing at a CAGR of 12.9% from 2024 to 2029 according to a new report by MarketsandMarkets™.

Laboratory Information Management System Market Trends

Download an Illustrative overview:

Browse in-depth TOC on "Laboratory Information Management System (LIMS) Market"

200 - Tables

40 - Figures

400 - Pages

The cloud-based segment is expected to register a substantial growth in the Laboratory Information Management Systems (LIMS) market by deployment mode.

The Laboratory Information Management Systems (LIMS) market is segmented into on-premise LIMS, cloud LIMS, and remote-hosted LIMS. In 2023, the cloud-based segment is expected to register a substantial growth in the Laboratory Information Management Systems (LIMS) market, by deployment mode. It is driven by scalability, flexibility, and cost-effectiveness. The ability to adapt to changing workloads, reduced upfront investments, and lower maintenance costs make cloud solutions attractive to diverse laboratories. The accessibility and ease of remote data management meet the needs of a modern workforce, while enhanced security features address data protection and compliance concerns. As the industry prioritizes agility, cost efficiency, and data security, the growth of cloud-based deployment in LIMS is expected to continue.

The large companies segment holds substantial share in the Laboratory Information Management Systems (LIMS) market, by company size.

The Laboratory Information Management Systems (LIMS) market is segmented into large companies, mid companies, and small companies. In 2023, the large companies segment holds substantial share in the Laboratory Information Management Systems (LIMS) market, by company size. The large share of the segment is attributed to their scalability across multiple sites, comprehensive features for efficient data management and compliance, and ability to integrate with diverse laboratory instruments and enterprise systems, ensuring centralized control and enhanced collaboration. These factors collectively support improved efficiency, regulatory compliance, and ROI in large-scale laboratory operations.

North America dominated the laboratory information management system industry in 2023

The laboratory information management system market is segmented into five major regions- North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for the largest share of the Laboratory Information Management Systems (LIMS) market. This growth is propelled by factors such as the region's high per-capita healthcare expenditure, continuous innovation in laboratory technologies, and the integration of LIMS with Enterprise Resource Planning (ERP) and Clinical Decision Support (CDS) systems. The accessibility to advanced healthcare facilities and the increasing number of biobanks further contribute to the expanding LIMS market in North America. Additionally, the emphasis on quality control, regulatory compliance, and the adoption of digitization in laboratory processes are driving the demand for LIMS solutions in the region. Overall, the North American market's robust growth in the LIMS sector can be attributed to a combination of technological advancements, regulatory requirements, and the healthcare industry's evolving needs.

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Laboratory Information Management System (LIMS) Market Dynamics:

Drivers:

Growing use of LIMS to comply with stringent regulatory requirements

Restraints:

High maintenance and service costs

Opportunities:

Growing use of LIMS in cannabis industry

Challenge:

Dearth of trained professionals

Key Market Players of Laboratory Information Management System (LIMS) Industry:

LabWare (US), LabVantage Solutions Inc. (US), Thermo Fisher Scientific Inc. (US), Agilent Technologies (US), LabLynx, Inc. (US), Dassault Systèmes (France), Labworks LLC (US), Autoscribe Informatics (a wholly owned subsidiary of Autoscribe Limited) (US), Accelerated Technology Laboratories (ATL) (US), CloudLIMS (US), Computing Solutions, Inc. (US), GenoLogics Inc. (an Illumina Company) (Canada), Siemens (Germany), Novatek International (Canada), Ovation (US), Clinsys (US), Eusoft Ltd. (Italy), Caliber International (US), LABTrack (US), Agilab SAS (US), Agaram Technologies (India), and AssayNet Inc. (Canada), Blaze Systems Corporation (US), and LabLogic Systems Limited (UK).

The break-down of primary participants is as mentioned below:

By Company Type - Tier 1: 38%, Tier 2: 45%, and Tier 3: 17%

By Designation - C-level: 29%, Director-level: 44%, and Others: 27%

By Region - North America: 42%, Asia Pacific: 21%, Europe: 28%, Latin America: 5% and Middle East & Africa: 4%

Laboratory Information Management System (LIMS) Market - Key Benefits of Buying the Report:

This report will enrich established firms as well as new entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them garner a greater share of the market. Firms purchasing the report could use one or a combination of the below-mentioned strategies to strengthen their positions in the market.

This report provides insights on:

Analysis of key drivers (surge in LIMS adoption to meet stringent regulatory requirements, a heightened emphasis on enhancing laboratory efficiency, technological advancements offering sophisticated LIMS solutions, an increasing trend towards cloud-based LIMS adoption, and escalating R&D investments in pharmaceutical and biotechnology sectors), restraints (elevated maintenance and service costs, absence of standardized LIMS integration, challenges in interoperability, and limited uptake in small and medium-sized enterprises), opportunities (application of LIMS in the cannabis industry, the rising popularity of cloud-based solutions, and substantial growth potential in emerging markets), challenges (shortage of trained professionals and interfacing issues with informatics software) are factors contributing the growth of the LIMS market.

Product Development/Innovation: Detailed insights on upcoming trends, research & development activities, and new software launches in the Laboratory Information Management Systems (LIMS) market.

Market Development: Comprehensive information on the lucrative emerging markets, type, component, deployment model, company size, industry, and region.

Market Diversification: Exhaustive information about the software portfolios, growing geographies, recent developments, investments in the Laboratory Information Management Systems (LIMS) market.

Competitive Assessment: In-depth assessment of market shares, growth strategies, product offerings, company evaluation quadrant, and capabilities of leading players in the global Laboratory Information Management Systems (LIMS) Market.

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Laboratory Informatics Market Outlook: Trends and Projections for 2024

Laboratory Informatics Market Outlook, Scope & Overview:

Industry reports indicate that the global laboratory informatics market was valued at USD 3.45 billion in 2023 and is projected to reach USD 5.09 billion by 2031, growing at a CAGR of 5% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Laboratory Informatics Market

The adoption of laboratory informatics solutions will continue to influence global market revenues. Laboratories across various sectors, including healthcare, pharmaceuticals, biotechnology, and environmental testing, are increasingly utilizing informatics solutions to enhance data management, improve workflow efficiency, and ensure regulatory compliance.

As a product segment, laboratory information management systems (LIMS) currently hold a significant share of the global laboratory informatics market. This segment is anticipated to grow at a year-over-year rate of 5% in 2024 over 2023 and reach USD 5.09 billion in revenues by 2031. The increasing demand for automated data collection and management systems, coupled with advancements in cloud-based LIMS, is expected to drive market growth.

Laboratory Informatics Solutions – Market Dynamics

Drivers:

Laboratory informatics solutions are witnessing significant growth in the global market due to their ability to streamline laboratory operations, reduce manual errors, and enhance data integrity. The growing need for efficient data management systems in research and diagnostic laboratories, coupled with the increasing adoption of digital technologies in laboratory environments, are key factors driving the adoption of laboratory informatics solutions worldwide. Additionally, the rising emphasis on precision medicine and personalized healthcare is further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high implementation costs, the complexity of integrating informatics systems with existing laboratory workflows, and concerns about data security and privacy are hindering the widespread adoption of laboratory informatics solutions. Moreover, the need for specialized training and technical expertise to operate and maintain informatics systems poses additional challenges to market expansion.

Laboratory Informatics Solutions – Market Outlook

The proven benefits of laboratory informatics solutions in improving laboratory efficiency, ensuring data accuracy, and facilitating regulatory compliance have contributed to the market's growth. Laboratory informatics solutions are expected to witness increased adoption across major markets, including North America, Europe, and Asia Pacific, driven by advancements in technology and the growing focus on laboratory automation and digitalization.

Global Laboratory Informatics Market

The rise in demand for laboratory informatics solutions in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global laboratory informatics market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of laboratory informatics solutions, supported by favorable regulatory frameworks and increasing investments in research and development.

Key Players in the Laboratory Informatics Solutions Market

Leading companies in the laboratory informatics solutions market include Thermo Fisher Scientific, LabWare, LabVantage Solutions, and PerkinElmer, Inc. These companies are at the forefront of developing and commercializing advanced informatics platforms for various laboratory applications, including sample management, data analysis, and quality control.

In conclusion, the global laboratory informatics market is poised for steady growth over the forecast period, driven by technological advancements, increasing laboratory automation, and the expanding adoption of digital solutions in laboratory management and data analysis.

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LIMS Market Size: Investment Opportunities

The Laboratory Information Management System (LIMS) Market Size was valued at USD 2.28 billion in 2023, and is expected to reach USD 3.77 billion by 2031 and grow at a CAGR of 6.5% over the forecast period 2024-2031.The Laboratory Information Management System (LIMS) market is experiencing robust growth, driven by the increasing need for efficient data management in research laboratories, healthcare facilities, and pharmaceutical companies. Advancements in technology, such as the integration of AI and IoT, are enhancing the capabilities of LIMS, enabling seamless data capture, real-time analytics, and improved regulatory compliance. The rising demand for personalized medicine, coupled with the expansion of biotechnology and genomic research, is further propelling the market. Additionally, the adoption of cloud-based LIMS solutions is gaining traction, offering scalability, remote access, and cost-effectiveness, making it an attractive option for both small and large laboratories.

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Market Scope & Overview

Readers will find information in the most recent research on current trends, chances, and elements that could have an impact on future growth, as well as a basic review of the international Laboratory Information Management System Market. A high-level overview of the market and its lucrative potential is provided in this report. The analysis looks into market drivers, difficulties, and opportunities in addition to market size. The report also shows the market shares of the top companies and the state of competition among the main competitors in the industry.

The latest market research conducts a detailed investigation of the Laboratory Information Management System Market. The market estimations and forecasts in the research report are based on primary interviews, extensive secondary research, and the insights of internal subject matter experts. The examination of a number of important factors, such as product performance, market share expansion, and investments in emerging markets, to name a few, is made possible with the help of market research.

Market Segmentation Analysis

By Type

Integrated

Standalone

By Component

Software

Services

By Deployment Model

Cloud-based

On-premise

By End Use

Environmental Testing Laboratories

Petrochemical Refineries and Oil & Gas

Chemical

Life Sciences

Forensic laboratories

Food & Beverage and Agriculture

Other

COVID-19 Impact Analysis

The impact of supply and demand on the target market is examined in the research. In addition to private databases and a paid data source, this study report used both primary and secondary sources of information. The impact of COVID-19 on the domestic and international Laboratory Information Management System Marketplaces is covered in this study. The market players will design pandemic preparedness measures with the help of the COVID-19 impact study.

Regional Outlook

The effects of COVID-19 on a variety of geographic markets, including North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa, are thoroughly examined in the Laboratory Information Management System Market research investigation.

Competitive Analysis

This Laboratory Information Management System Marketresearch analysis comprehensively examines the effects of COVID-19 on numerous geographical markets, including North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa.

Key Reasons to Purchase Laboratory Information Management System Market Report

The market research examines the structure of the global market, market segmentation, growth rates, and comparisons of revenue share.

Market forecasts and estimates consider the many political, social, and economic variables that will affect market expansion as well as the current state of the business.

Conclusion

The research report analyses the global market and conducts research on consumption, value, year-over-year growth, and future development plans in order to provide a complete picture of the Laboratory Information Management System Market.

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When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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Brazil Lab Informatics Market - Forecast(2024 - 2030)

Brazil Lab Informatics Market Overview:

Brazil Lab Informatics Market size is estimated to reach US$60.5 million by 2030, growing at a CAGR of 8.5% during the forecast period 2023-2030. The increasing demand for laboratory automation, stringent regulatory standards, and technological innovations are driving the demand for Lab Informatics from the end users in Brazil during the forecast period.

Furthermore, the adoption of cloud-based laboratory informatics and the emphasis on precision medicine in Brazil are driving the demand for advanced data management systems such as Laboratory Information Management Systems (LIMS). These trends are set to have a favorable impact on the outlook of the Lab Informatics industry in Brazil throughout the forecast period.

Market Snapshot: 

Brazil Lab Informatics Market - Report Coverage:

The “Brazil Lab Informatics Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Brazil Lab Informatics Market.

                       Attribute

                       Segment

By Product

Laboratory Information Management Systems (LIMS)

Chromatography Data Systems (CDS)

Enterprise Content Management (ECM)

By Component

Software

Services

By Delivery

On Premise

Hosted

Cloud

By Industry

Agriculture

Pharmaceutical

Biotechnology

Chemical

Petrochemical and Oil & Gas

Environment

Food & Beverage

Others

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COVID-19 / Ukraine Crisis - Impact Analysis:  

The COVID-19 pandemic accelerated the adoption and importance of lab informatics in Brazil, particularly in the context of testing, research, and public health responses. With the increased importance of clinical testing during the pandemic, ensuring the quality and reliability of test results became crucial.

Shifts in government priorities, funding allocations, or the availability of skilled personnel due to the conflict between Russia and Ukraine might indirectly impact the Brazil lab informatics market. In times of war, countries usually prioritize defense spending over financial support for scientific endeavors, which might also affect the market.

Key Takeaways:

Fastest Growth of Chromatography Data Systems (CDS)

By Product, in the Brazil Lab Informatics market share, Chromatography Data Systems (CDS) is analyzed to grow with the highest CAGR of 10.1% during the forecast period 2023-2030. This growth is attributed to the increasing adoption of chromatography data systems in laboratories. A notable example is the Chromeleon 7.3 CDS developed by Thermo Fisher Scientific Inc., which facilitates chromatography and mass spectrometry procedures across the entire spectrum of laboratory activities, from research to routine quality testing. This system effectively connects people, instruments, and enterprise data management software.

Furthermore, CDS systems offer seamless integration with other laboratory software and information management systems like Laboratory Information Management Systems (LIMS), resulting in streamlined laboratory workflows and enhanced data exchange, contributing to their popularity and growth in the market.

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Cloud-Based Lab Informatics Solutions: Powering the Future of Data Management

Cloud-based lab informatics offers laboratories the benefits of enhanced accessibility, scalability, cost-efficiency, security, and data management. It empowers research organizations to focus more on their core scientific activities while leaving IT infrastructure management to cloud service providers. In March 2023, Illumina Inc. announced the release of Connected Insights, a new cloud-based software enabling tertiary analysis for clinical next-generation sequencing (NGS) data.

Such collaborations demonstrate the synergy between cloud-based lab informatics and cutting-edge technology solutions in driving advancements across various sectors, including healthcare and research.

Pharmaceutical Sector is Dominating the Market

The pharmaceutical sector accounts for a market share of US$15.2 million. Lab informatics plays a vital role in managing inventory and optimizing drug-related data in this thriving market. According to the International Trade Administration, Brazil ranks among the top six markets globally for drugs and pharmaceuticals. In 2021, the sales pharmaceuticals reached US$16.37 billion as per data from Sindusfarma. In the pharmaceutical sector, where data integrity and regulatory compliance are paramount, lab informatics not only streamline operations but also uphold the standards essential for the industry's continued growth and success.

Growing Need for Laboratory Automation

Laboratory procedure automation streamlines processes, minimizing the need for specialized experts and reducing manual intervention. In response to this growing trend, companies are expanding their presence in Brazil to provide cutting-edge lab automation solutions. Inpeco's FlexLab automation system at Hermes Pardini, Brazil, is one of the world's largest lab automation platforms, handling 110 million sample tubes annually. It eliminates manual interventions, improving sample traceability, reducing turnaround time, and enhancing patient care. This exemplifies the transformative impact of lab automation in large-scale diagnostics. Such advancements in lab automation, showcase its significance in streamlining processes and improving healthcare. Thus, the growing need for laboratory automation acts as a driver for the growth of the Brazil Lab Informatics Market during the forecast period.

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Stringent Regulatory Standards 

Brazil's regulatory bodies, ANVISA (Agencia Nacional de Vigilância Sanitária) and INMETRO (National Institute of Metrology, Quality, and Technology), impose stringent quality standards for diverse industries, including healthcare, pharmaceuticals, and food safety. Compliance demands accurate record-keeping and quality control, efficiently managed via lab informatics. Labs increasingly adopt LIMS to ensure adherence, avoiding penalties. Good Laboratory Practices (GLP) are crucial in research and development. As Brazil's R&D sector expands, there's a greater emphasis on GLP adoption. Lab informatics aids GLP with structured data management, method validation, and audit trails, ensuring strict quality standards in research labs. The alignment of regulatory compliance with lab informatics serves as a foundation for preserving the integrity and quality of research and development endeavors in Brazil.

Budget Constraints in Public Institutions to Impede to Market growth

Budget constraints present significant obstacles for public laboratories and research institutions in Brazil. These challenges are compounded by government funding limitations, resource allocation complexities, and competing priorities, preventing investments in advanced lab informatics systems. For instance, in October 2021, President Jair Bolsonaro redirected US$106.3 million, initially allocated for the Ministry of Science, Technology and Innovation, to other government departments. This diversion of funds further strained the already limited resources and hindered scientific advancements in Brazil. Such challenges may hinder the Brazil Lab Informatics market growth in the future. 

Key Market Players: 

Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Brazil Lab Informatics Market. The top 10 companies in this industry are listed below:

1. Thermo Fisher Informatics 

2. Agilent Technologies Brasil Ltda

3. Starlims Technologies Ltd

4. Waters Technologies do brasil ltda

5. PerkinElmer

6. Illumina, Inc.

7. Dassault Systemes o brasil ltda.

8. LabWare

9. Cerner Brazil

10. LabVantage

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Scope of Report: 

         Report Metric 

                          Details 

Base Year Considered

2022

Forecast Period

2023–2030

CAGR

8.5%

Market Size in 2030

$60.5 million

Segments Covered

Product, Component, Delivery and Industry 

Key Market Players

Thermo Fisher Informatics 

Agilent Technologies Brasil Ltda

Starlims Technologies Ltd

Waters Technologies do brasil ltda

PerkinElmer

Illumina, Inc.

Dassault Systemes o brasil ltda.

LabWare

Cerner Brazil

LabVantage

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Comprehensive Computer System Validation (CSV) Support

Unlock the full potential of your computerized systems with our comprehensive CSV support. Our team specializes in validating a wide range of systems, including those compliant with GAMP 3, 4, and 5 standards. Here's how we can assist:

● Validation of Laboratory Information Management Systems (LIMS), ensuring data integrity and compliance with regulatory requirements ● Thorough validation of Veeva Vault, LMS, Trackwise, and Documentum systems for efficient document management and regulatory compliance ● Expert validation of enterprise resource planning (ERP) systems such as SAP and SAP Hana, ensuring integrity and reliability of business processes ● Validation of Software as a Service (SaaS) applications, including cloud-based solutions, to ensure security and regulatory compliance

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CSVSupport #ComputerSystemValidation #GAMPCompliance #LIMSValidation #DataIntegrity #RegulatoryCompliance #VeevaVault #LMSValidation #Trackwise #Documentum #ERPValidation #SAPValidation #SAPHana #SaaSValidation #CloudSecurity #BusinessProcessIntegrity #ITCompliance

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Lab Sample Management & Logistics Market Growth, and Forecast Research Report by 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Lab Sample Management & Logistics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Lab Sample Management & Logistics Market Forecast share, size, trends, and growth. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Lab Sample Management & Logistics Market?

The global lab sample management & logistics market size reached US$ 3.3 billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 5.5 billion in 2032, exhibiting a growth rate (CAGR) of 5.8% during 2024-2032.

What are Lab Sample Management & Logistics?                                                                                                                                                                            

Lab sample management and logistics refer to the organized handling, tracking, and storage of samples in laboratories to maintain their integrity and streamline their movement during testing. This encompasses sample collection, transportation, labeling, storage, and distribution for analysis. Proper management is essential for preserving sample quality, minimizing errors, and meeting regulatory requirements. Technologies like laboratory information management systems (LIMS) are commonly used to automate and improve these processes, enhancing overall efficiency and traceability in lab operations.

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What are the growth prospects and trends in the Lab Sample Management & Logistics industry?

The lab sample management and logistics market growth are driven by various factors. The lab sample management and logistics market are growing significantly, fueled by the demand for effective sample handling solutions across industries like healthcare, pharmaceuticals, and research. Factors such as the increasing number of clinical trials, the necessity for accurate sample tracking to meet regulations, and the adoption of automation are propelling market growth. Moreover, the incorporation of advanced technologies such as RFID, IoT, and cloud-based solutions is boosting the efficiency and precision of sample management and logistics. As the emphasis on sample integrity and data traceability increases, the market for lab sample management and logistics is poised for continued expansion. Hence, all these factors contribute to lab sample management and logistics market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Product Type:

Laboratory Information Management Systems (LIMS)

Sample Tracking Systems

Electronic Laboratory Notebooks (ELN)

Scientific Data Management Systems (SDMS)

Laboratory Automation Systems

By Component:

Software

Services

By Delivery Mode:

On-premise

Cloud-based

By End-Use:

Pharmaceutical and Biotechnology Companies

Contract Research Organizations (CROs)

Academic and Research Institutes

Hospitals and Diagnostic Laboratories

Others

Market Segmentation by Region:

North America

United States

Canada

Europe

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX

NORDIC

Rest of Europe

Asia Pacific

China

India

Japan

Australia & New Zealand

ASEAN

Rest of Asia Pacific

Latin America

Brazil

Mexico

Argentina

Rest of Latin America

Middle East & Africa

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA

Who are the key players operating in the industry?

The report covers the major market players including:

Thermo Fisher Scientific Inc.

LabVantage Solutions, Inc.

PerkinElmer, Inc.

LabWare, Inc.

Abbott Laboratories

Waters Corporation

Brooks Life Sciences

Hamilton Company

Becton, Dickinson and Company

Agilent Technologies, Inc.

Bio-Rad Laboratories, Inc.

QIAGEN N.V.

Siemens Healthineers

RURO, Inc.

LIMSABC Co.

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Laboratory Information Management System Market Size, Share, Growth And Analysis Report 2024-2030

The global laboratory information management system market size was valued at USD 2.3 billion in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. 

Technological advancements pertinent to pharmaceutical laboratories and a rise in demand for lab automation are expected to fuel the demand for these systems in the coming years. Advancements in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable positive industry growth.

Gather more insights about the market drivers, restrains and growth of the Laboratory Information Management System Market

In addition, low cost of implementation, efficient time management, and compliance with GDP, GCP & GMP are other major factors driving Laboratory Information Management System (LIMS) industry growth.

Laboratory Information Management System Market Segmentation

Grand View Research has segmented the global laboratory information management system market report based on product, component, end-use, and region:

Product Outlook (Revenue, USD Million, 2018 - 2030)

• On-premise

• Web-hosted

• Cloud-based

Component Outlook (Revenue, USD Million, 2018 - 2030)

• Software

• Services

End-use Outlook (Revenue, USD Million, 2018 - 2030)

• Life Sciences

• CROs

• Petrochemical Refineries & Oil and Gas Industry

• Chemical Industry

• Food and Beverage & Agriculture Industries

• Environmental Testing Laboratories

• Other Industries (Forensics and Metal & Mining Laboratories)

Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Sweden

o Denmark

o Norway

• Asia Pacific

o China

o India

o Japan

o Australia

o South Korea

o Thailand

• Latin America

o Brazil

o Mexico

o Argentina

• MEA

o South Africa

o Saudi Arabia

o UAE

o Kuwait

Browse through Grand View Research's Healthcare IT Industry Research Reports.

• The global medical kiosk market size was valued at USD 1.42 billion in 2023 and is projected to grow at a CAGR of 15.1% from 2024 to 2030. 

• The global physician advisory services market size was estimated at USD 4.25 billion in 2023 and is estimated to grow at a CAGR of 6.8% from 2024 to 2030.

Key Companies & Market Share Insights

The global LIMS industry remains highly competitive. Key companies are involved in acquisitions, strategic collaborations, and new product launches to withstand the competition. Companies are focusing on implementing strategies, such as new product launches, regional expansion, partnerships, and distribution agreements, to increase their revenue share.

• In August 2023, Thermo Fisher Scientific, Inc. launched the EXENT solution, a fully integrated and automated mass to meet the unmet clinical needs for innovative mass spectrometry solutions to transform monoclonal gammopathy management.  

• In December 2022, LabVantage Solutions, Inc. released Version 8.8 of its flagship LIMS platform, which features a multitude of upgrades across all components. These factors are expected to boost the growth of the market over the forecast period.

Key Laboratory Information Management System Companies:

• Thermo Fisher Scientific Inc.

• Siemens

• LabVantage Solutions Inc.

• LabWare

• PerkinElmer Inc.

• Abbott

• Autoscribe Informatics

• Illumina, Inc.

• Labworks

• LabLynx, Inc.

• Computing Solutions, Inc.

• CloudLIMS.com (LabSoft LIMS)

• Ovation

• LABTRACK

• AssayNet Inc.

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