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(Medical-NewsWire.com, September 15, 2018 ) According to Verified Market Intelligence, the global laboratory information management market was valued at USD 629.32 million in 2016 and is projected to reach USD 1,137.08 million by 2025, growing at a CAGR of 6.8% from 2017 to 2025.
Laboratory Information management system (LIMS) also known as laboratory management system (LMS) is a software based system developed for managing samples and associated data in the laboratory. LIMS helps in automating lab work flows, managing samples and associated information and integrate instruments and ensures that the laboratory operations are more effective and efficient.
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Increased usage to meet the regulatory requirements, increasing investments in R&D sector, rising demands of the technology in biobanks and biorepositories and generation of bid data are the driving factor for the global laboratory information management market. While lack of integration standards and high installation costs and maintenance costs acts a potential restraints for the overall market at a global level.
The major players in the market are as follows:
Labware, Inc.
Thermo Fisher Scientific Inc.
Abbott Informatics (A Subsidiary of Abbott Laboratories)
Labvantage Solutions, Inc.
Core Informatics, LLC
Lablynx, Inc.
Autoscribe Informatics, Inc. (A Wholly Owned Subsidiary of Autoscribe Limited)
Computing Solutions, Inc. (CSI)
Genologics, Inc., an Illumina Company
Labworks LLC
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Source: EmailWire.Com 
Source: EmailWire.com
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