#Cannabis Lab Workstations

[healthcaremarketanalysis]

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

The size of global laboratory information management system 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. The comprehensive research encompasses an exhaustive examination of industry trends, meticulous pricing analysis, patent scrutiny, insights derived from conferences and webinars, identification of key stakeholders, and a nuanced understanding of market purchasing dynamics.

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Driver: Growing use of LIMS to comply with stringent regulatory requirements Automating routine lab procedures with the help of devoted workstations and software improves lab productivity and enables individual researchers to focus on important tasks. This is a major factor driving the adoption of informatics in the pharmaceutical and biotechnology industry. According to a study, error rates for fully automated operations vary from 1–5%, those for semi-automated operations range from 1–10%, while those for manual operations vary from 10–30% (Source: Journal of Lab Automation).

Restraint: High maintenance and service costs The high maintenance and service costs associated with LIMS solutions can significantly impact the growth of the LIMS market. While LIMS solutions offer numerous benefits in terms of streamlining laboratory workflows and improving data management, the costs involved in maintaining and servicing these systems can pose challenges for organizations, especially smaller laboratories or those with limited budgets.

Opportunity: Growing use of LIMS in cannabis industry

Medical cannabis has demonstrated effectiveness in a range of medical applications, including alleviating chemotherapy-induced nausea, stimulating appetite in AIDS patients, managing muscular spasms in multiple sclerosis patients, and reducing intraocular pressure in glaucoma patients. Due to these potential health benefits, numerous countries and states have legalized medical cannabis. This legalization has spurred the emergence of cannabis testing laboratories, which offer quality control services for the medical cannabis industry.

Challenge: Dearth of trained professionals With the growing trend towards digitization, the healthcare industry's adoption of IT solutions has surged significantly over the past decade. This has led to an increased demand for skilled IT professionals and individuals with advanced analytical capabilities to interpret data from CIT solutions, including LIMS. However, a substantial gap exists between the supply and demand for these skilled professionals, which may hinder the adoption of LIMS, especially in pharmaceutical, biotechnology, and medical device companies, which represent over 50% of the LIMS market.

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.

Prominent companies in this market include 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).

Recent Developments of the Laboratory Information Management Systems (LIMS) Industry:

In February 2024, Labware has inaugurated its newest office in Seoul, Korea and established LabWare Korea Co., Ltd. This office will provide localized support, training, and implementation services to LabWare's growing customer network in Korea. Staffed by experienced LIMS professionals, the office aims to strengthen LabWare's foothold in the Asia-Pacific region by offering tailored solutions to meet the unique needs of Korean organizations.

In January 2024, STARLIMS has launched Life Sciences for Public Health (LPH) 1.0, a LMS tailored for the Public Health sector. Featuring HTML5 browser-based technology, it signifies a significant advancement, promising a modernized user interface and enhanced functionalities. The release marks the beginning of a comprehensive, multi-year product roadmap aiming to elevate user experience and innovation in the Public Health LIMS market.

In Novemeber 2023, LabWare (US) partnered with Körber (US). This partnership was carried to seamlessly integrate capabilities between LabWare's Laboratory Information Management System (LIMS) and Körber's Manufacturing Execution System (MES) - PAS-X.

In October 2022, LabVantage Solutions, Inc. (US) and Biomax Informatics AG (Germany) finalized their merger agreement, with the goal of elevating scientific data contextualization, expediting product development, and delivering innovative capabilities for the life science and bio-manufacturing industries.

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[omnilabsolutions]

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[biosero]

Automation of Industrial Equipment & Lab Software and Liquid handlers

Tremendous advancements in technology have resulted in automation gradually seeping into every aspect of our lives. It has drastically reduced human efforts and saves a great deal of time in completing various processes. Manufacturing industries seem to have benefitted the most with automation of industrial equipment.

Simple repetitive tasks that were done by humans have now almost completely been taken over by machines. In the medical field, laboratories have been able to improve their accuracy with lab automation software.

High operating costs and shortage of labor used to be a perennial problem for manufacturers. But not anymore. Industrial equipment automation , albeit expensive, has enabled various manufacturers to at least control their costs and reduce labor requirements.

Industrial equipment automation has led production equipment to perform certain operations automatically, without human interference at every step. Assembly lines, ammunition manufacturing, robotic systems, inspection and Cannabis testing software all employ automation of industrial equipment for greater efficiency.

Industrial equipment automation can be seen in a variety of equipment such as 3D printing and its machinery, mobile or static robots and collaborative arms and robots. Automation of industrial equipment has the added advantage of running tasks throughout the day or night, without needing as many breaks as humans would need.

Another significant application of automation can be seen in laboratories and lab automation software. Today, several laboratories for R&D of life sciences seem to be dealing with massive volumes of data. Combined with enormous sample throughput, it’s no wonder that laboratory automation software became a priority for almost every lab.

Along with reducing the risks of manual errors, and allowing more personnel to work on core laboratory projects, Lab automation software also improves the work efficiency of the lab. This software will ideally enable results that are obtained quicker, more accurate and reliable; as well as store voluminous data that can be analyzed over time.

Since they work with such huge amounts of data, Laboratory Automation Software must have traceability as it will help labs to ensure that regulatory guidelines are met.

Most life sciences laboratories must often handle liquids with precision and accuracy, and need special Hamilton liquid handling decks for this purpose. A Hamilton liquid handler is the best choice for automating liquid handling.

With a Hamilton liquid handler workstation, you can be sure to achieve consistent results, ranging from small-sample pipetting protocols all the way to large-sample systems that require integrated throughput storage.

You can beassured that a Hamilton liquid handler is completely hands-free and can be worked upon by people of any level of skill. The best part is that Hamilton liquid handlers come in various sizes for your various needs.

Biosero has become one of the leading names in industrial equipment automation as well as laboratory automation software. Additionally, they provide Hamilton liquid handlers to life sciences laboratories.

The company’s foresight has led to technological advancements and automation in innumerable industries alike. Get in touch with Biosero for each of your automation requirements, and you’ll be surprised at how much more they can help you achieve.

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[omnilabsolutions]

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