Need for methodical data management by laboratories, is propelling the LIMS market in India

April 12, 2013 - PRLog -- Global market intelligence firm Netscribes Inc. has launched its report on Laboratory Information Management System (LIMS) Market in India 2013. Growing number of various types of laboratories, combined with their dependence on large scale data management along with increasing significance laid on laboratory accreditation in present times will see a strong demand for LIMS in Indian laboratories in the near future.

The report begins with an overview of the major macro economic indicators which highlights the present economic scenario prevalent in India.

It is followed by an introduction section provides a broad overview of Indian healthcare sector and how IT adoption in healthcare is having a valued impact on performance of the sector followed by a brief outline of LIMS and its benefits in laboratory information management.

The market overview section provides the value-wise market size and growth of LIMS software and also the adoption of LIMS specifically in the Indian healthcare sector.

The LIMS structure encapsulating common modules and the step wise workflow of the LIMS from requisition to information deliver and LIMS in terms of application has been discussed along with a distribution channel that elaborates flow from designing of software to final installation of software thereby helping in laboratory information management.

The report then focuses on the healthcare applications of LIMS with description of methodical solutions LIMS provides in life sciences, pharmaceutical and biotechnology and in contract service laboratories.

The report then goes on to elaborate the drivers and challenges that the industry is facing in current market scenario. It provides a comprehensive set of factors which boosts and hinders the growth of the market. The various types of laboratories in healthcare segment invariably result in growing demand for LIMS. The factors hindering the market growth can be summarized to be disparity in ‘quality’ standards across Indian laboratories and high cost of installation.

The trend section in the report emphasizes the recent trends that are being undertaken to make the software more user-friendly and cost effective for which it has come up with the concept of LIMS on Cloud.

The competitive landscape section begins with the Porter’s Five Forces Analysis, illustrating the competitive rivalry, bargaining power of suppliers and buyers and threat of new entrants and substitutes. The section includes competitive benchmarking of the top players operating in the Indian microwave ovens market. The report also features brief profiles of major domestic and foreign players in the market and a snapshot of their corporation, financial performance along with the key financial ratios, business highlights, their product portfolio and SWOT analysis, thus providing an insight into the existing competitive scenario.

The final section of the report contains strategic recommendations which will be instrumental for the companies to garner a larger market share in India.