Pharmaceutical Companies Segment to Dominate the Middle East & Africa Laboratory Information Management Systems (LIMS) Market during 2021–2028

According to a new market research study on “Middle East & Africa Laboratory Information Management Systems (LIMS) Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Deployment, Component, Application, and End-User,” is expected to reach US$ 79.76 million by 2028 from US$ 42.17 million in 2021. The market is estimated to grow at a CAGR of 9.5% from 2021 to 2028. The report provides trends prevailing in the Middle East & Africa laboratory information management systems (LIMS) market along with the drivers and restraints pertaining to the market growth. Elevating adoption of automation in laboratories, origin of cloud-based LIMS services, and heighten technological advancements in LIMS are the major factor driving the growth of the Middle East & Africa laboratory information management systems (LIMS) market. However, inadequate expertise in healthcare IT domain hinders the growth of Middle East & Africa laboratory information management systems (LIMS) market.

The coronavirus has shown substantial effects in Middle East & Africa. Initial phase of lockdown in various countries has affected the supply of many healthcare technology solutions in these regions. However, the pandemic has increased the demand of automation in laboratories. The region has observed increasing numbers of patients are being admitted to intensive care units (ICU), rising number of COVID patients has stressed healthcare systems and leading to rise in adoption of Laboratory information systems. The countries in these regions are highly dependent on developed countries for healthcare technology solutions. The lockdown has affected the demand supply dynamics of various companies in these regions. However, The COVID-19 pandemic has accelerated much-needed changes in clinical trial conduct, including an increase in the use of automated clinical laboratory platforms and other remote-assessment technologies. In March 2021, LabCorp has organized session with the help of South African National Bioinformatics Institute to discuss on how LIMS plays a critical role in management of COVID 19 crisis. Market players and CROs have been using LIMS technology for various research activities. For instance, InterSystems, a global leader in healthcare information systems and technology solutions, has signed an agreement with Pure Health, the largest laboratory operator in the GCC, to deploy InterSystems TrakCare Lab Enterprise (TCLE) system, the first and only laboratory business management solution, to support the UAE’s testing initiatives for COVID-19.

The Middle East & Africa laboratory information management systems (LIMS) market is segmented on the basis of type, deployment, component, application, end-user, and country. Based on type, the market is bifurcated into standalone and integrated. In 2021, standalone segment held the largest share in the market, integrated is expected to be the fastest growing segment during the forecast period. Based on deployment, the market is segmented into web-based delivery mode, cloud-based delivery mode, and on-premise delivery mode. In 2021, web-based delivery mode segment held the largest share in the market, and cloud-based delivery mode is expected to be the fastest growing segment during the forecast period. Based on component, the market is segmented into software and services. In 2021, software segment held the largest share in the market, and services is expected to be the fastest growing segment during the forecast period. Based on application, the market is segmented into sample management, workflow automation, records management, decision making, enterprise resource planning, and logistics management. In 2021, sample management segment held the largest share in the market, it is also expected to be the fastest growing segment during the forecast period. Based on end-user, the market is segmented into pharmaceutical companies, contract research organisations, hospitals & clinics, others. In 2021, pharmaceutical companies segment held the largest share in the market, contract research organisations is expected to be the fastest growing segment during the forecast period. Similarly, based on country the market is segmented into the UAE, Saudi Arabia, South Africa, and Rest of MEA. In 2021, the UAE held the largest share in the market, and it is also expected to be the fastest growing country during the forecast period.

THERMO FISHER SCIENTIFIC INC.; Abbott; Illumina, Inc.; LabLynx, Inc.; LabVantage Solutions, Inc.; Accelerated Technology Laboratories, Inc.; and LabWare; Autoscribe Informatics are among the leading companies in the Middle East & Africa laboratory information management systems (LIMS) market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, Thermo Fisher Scientific introduced new lab automation technologies designed to streamline workflows, optimize productivity, and speed time to results.

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