Abstract
Reducing Inconvenience of Implementing LIMS to Increase Product Uptake
Several instances of laboratory information management system (LIMS)
implementations being over budget, not meeting deadlines, or failing altogether
are leading disgruntled customers to reluctantly seek new technology and
upgrades. LIMS users need solutions that are flexible enough to support their
business tasks, while being simple enough to reduce implementation times and
total cost of ownership. Suppliers can make purchase decisions easier for
customers by increasing the functionalities of solutions and reducing the need
for source code alterations for global deployment. Collaborating with scientific
data management system providers to ensure 'out-of-the-box' compatibility is
also likely to help lessen customization requirements and smoothen
implementation processes.
This Frost & Sullivan research service examines the global market for
LIMS and discusses the various market trends and opportunities in the market. It
offers revenue forecasts and key drivers and restraints affecting growth. This
study also provides market challenges and strategies to help overcome them.
Benefits of Enterprise LIMS Solutions Stimulate Demand
There is a clear need for global, corporate standard operating practices, in
part fueled by increased merger and acquisition activity in the world market.
"This trend underscores the need for integration with other business
software systems such as enterprise resource planning, chromatography data
systems, and data archiving within the IT framework," says the analyst.
LIMS vendors that can also deliver systems that support multiple languages, time
zones, and data formats are expected to experience robust growth.
When LIMS' market maturity coincides with globalization, the focus is
expected to shift from piecemeal, home brew systems to enterprise solutions that
standardize experimental protocols. "Customers are increasingly interested
in global implementations that regulate processes across multiple
locations," notes the analyst. Such uniformity is likely to help
organizations better utilize information among different divisions, and thereby
increase the value proposition of LIMS solutions.
Advances in IT Enhance LIMS' Ability to Improve Business Processes
Business unit managers require LIMS to give them greater control over
business practices and laboratory operations. Advances in IT are helping vendors
provide greater value in their systems. "The use of standard programming
code, databases, and application interfaces reduces the costs of installation
and maintenance, which provides a tremendous benefit to customers," remarks
the analyst.
Other advantages provided by IT in the LIMS market include aiding information
sharing and increasing discovery phase productivity with greater use of
electronic laboratory notebooks. The LIMS equipment, however, will have to cope
with the resultant additional data management requirements. To meet the need for
innovative and sophisticated products, LIMS devices are being made to
increasingly interface with personal digital assistants, tablet PCs, Excel
spreadsheets, and other sources of data. These improved functionalities are
likely to drive greater adoption of LIMS.
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