Middle East and Africa Laboratory Information Management Systems (LIMS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Standalone and Integrated), Deployment (On-Premise Delivery Mode, Web-Based Delivery Mode, and Cloud-Based Del

Middle East and Africa Laboratory Information Management Systems (LIMS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Standalone and Integrated), Deployment (On-Premise Delivery Mode, Web-Based Delivery Mode, and Cloud-Based Delivery Mode), Component (Software and Services), Application (Sample Management, Workflow Automation, Records Management, Logistics Management, Enterprise Resource Planning, and Decision Making), and End-User (Hospitals & Clinics, Pharmaceutical Companies, Contract Research Organizations, and Other End Users)

The laboratory information management systems (LIMS) market in the Middle East & Africa is expected to grow from US$ 42.17 million in 2021 to US$ 79.76 million by 2028; it is estimated to grow at a CAGR of 9.5% from 2021 to 2028. The demand for cloud-based LIMS services is growing as the approach requires less capital and operational expenditures than premise-based LIMS. Cloud-based solutions allow healthcare organizations and clinical laboratories to share and integrate data from several locations, making the data collection process more efficient. The emergence of Internet-enabled cloud-based services has resulted in major advancements in the laboratory information management systems market. Advancements in virtualization and increased access to high-speed internet allow for faster innovation at lower costs. Companies that employ cloud-based solutions just have to pay for the software subscription instead of the complete licenses. Moreover, cloud-based LIMS do not require any upfront capital expenditure for hardware, which reduces the burden from healthcare and clinical settings with a minimum requirement of IT personnel, thus, enabling rapid and secure data transmission within organizations. Pharmaceutical and medical devices manufacturers are increasingly employing centralized corporate-based facilities to develop a virtual network of contract research, development, and manufacturing organizations (CRDMOs) and academic institutions. The adoption of cloud-based LIMS solutions would enable them to manage large volumes of data gathered from their operations. Cloud-based models would emerge as an effective LIMS solution due to benefits such as increased data accessibility, cost-effectiveness, and real-time analysis, providing substantial growth prospects to the laboratory information management system market players.

The COVID-19 pandemic has shown substantial effects in the Middle East & Africa. The 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 for automation in laboratories. The region observed an increase in the number of patients being admitted to intensive care units (ICU). The rising number of COVID-19 patients stressed healthcare systems, leading to a rise in the adoption of laboratory information systems. 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 increased use of automated clinical laboratory platforms and other remote-assessment technologies. In March 2021, LabCorp organized a session with the help of the South African National Bioinformatics Institute to discuss how LIMS plays a critical role in the management of the 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 based on type, deployment, component, application, and end-user. Based on end-user, the market is segmented into pharmaceutical companies, contract research organizations, hospitals & clinics, others. In 2021, the pharmaceutical companies segment held the largest share in the market. Pharmaceutical and biotechnology companies are the major end-users of laboratory information management systems. The primary reason for the need for LIMS in pharmaceutical and biotechnology companies is that the industry is facing many challenges to large pharma, biotech, and generics manufacturers. The existence of various decentralized laboratories, complex batch management, regulatory constraints, and testing need sophisticated, enterprise-level informatics solutions. Combinatorial chemistry, preclinical and clinical bioanalysis, screening, manufacturing R&D, analytical chemistry, and production quality control (QC) have unique needs and workflows. As a result, the industry is rapidly conceding that one tool cannot possibly meet the needs of these diverse users. The LIMS brings value to the pharmaceutical and biotechnology companies by providing flexibility to support widely varying review and approval workflows for dynamic data, such as test results & batch disposition, and static data, such as product specifications. LIMS helps save massive infrastructure and R&D facilities costs and reduce the time required to conduct a clinical trial. The systems are expected to communicate directly with other enterprise systems to generate accurate submission-ready output. Eventually, LIMS are assuming a pivotal role in the evolution of paperless laboratories. Thus, an increase in the number of pharmaceutical and biotechnology companies, limited availability of skilled professionals, and rise in demand for new therapeutics to treat various medical conditions are expected to drive the segment over the forecast period.

The Middle East & Africa laboratory information management systems (LIMS) market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Middle East & Africa laboratory information management systems (LIMS) market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants typically involved in this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the Middle East & Africa laboratory information management systems (LIMS) market. THERMO FISHER SCIENTIFIC INC.; Abbott; Illumina, Inc.; LabLynx, Inc.; LabVantage Solutions, Inc.; Accelerated Technology Laboratories, Inc.; LabWare; and Autoscribe Informatics are among the leading companies in the market.

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