|
|
 |
|
Viewing report
|
|
|
|
Strategic Analysis of the LIMS Markets in Australia
Frost & Sullivan, July 2005
New Developments in Laboratory Information Management Systems Encourage Market Growth
The revenues in the laboratory information management systems (LIMS) market have received a huge boost with the growing use of these systems in various applications in mature sectors such as pharmaceuticals, manufacturing, and IT. They are also used in emerging sectors such as biotechnology and food and beverage. This increased usage can be attributed to the launch of innovative LIMS technologies and products, especially in the biotech industries. The adoption of LIMS and the biotech companies are likely to expand simultaneously. As biotech enterprises become successful and begin to mimic pharmaceutical companies, they will have greater need for LIMS.
This Frost & Sullivan research service examines the key trends in the LIMS market in Australia. The study also discusses the major challenges, drivers, restraints, and potential threats faced by participants along with a comprehensive analysis of the market.
Greater Data Formulation and Technology Launches Drive the Marke
With an increase in data formulation in all industries, there has been a rapid and consequent rise in the need for LIMS. This has led to the introduction of inventive technologies and products, resulting in a potential boom in this market. Efficient data mining and management software is essential and goes hand in hand with the development of better high throughput screening methods, says the analyst of this research.
More Research Funds Vital for Adequately Equipping Laboratorie
As the upgraded LIMS software is more expensive to install, low research funding has become a huge concern among LIMS companies. Laboratories do not obtain adequate funds for managing their data, and therefore have to manage with systems having lesser compatibility. Since these systems lack in beneficial operations, they will reduce the efficiency of work.
Liberal grants and funding from both the public and private sectors is expected to be helpful for the market, notes the analyst. Partnerships and alliances will also help greatly.
|
|
|
|
