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Laboratory Information Management System Market to Grow by USD 1.63 Billion from 2024-2028, Recent Developments Boost Growth, Report with AI-Powered Market Evolution – Technavio

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NEW YORK, Nov. 11, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global laboratory information management system (LIMS) market size is estimated to grow by USD 1.63 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  13.46%  during the forecast period. Increase in recent developments in LIMS is driving market growth, with a trend towards emergence of saas-based LIMS. However, increasing data security and privacy concerns  poses a challenge.Key market players include Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc..

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Laboratory Information Management System (Lims) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 13.46%

Market growth 2024-2028

USD 1627.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

11.6

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 41%

Key countries

US, Germany, UK, China, and Japan

Key companies profiled

Abbott Laboratories, Accelerated Technology Laboratories Inc., Agile Frameworks LLC, Attune Technologies Pvt. Ltd., Autoscribe Informatics, Benchling Inc., Broughton Software Ltd., Comp Pro Med Inc., Computing Solutions, Eusoft Ltd., Illumina Inc., LabLynx Inc., LabVantage Solutions Inc., LabWare Inc., Labworks LLC, Nous Infosystems Pvt. Ltd., Novatek International, PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.

Market Driver

The Laboratory Information Management System (LIMS) market is witnessing significant growth in various sectors including biotechnology, healthcare, and academic institutions. Trends such as digitalization and laboratory automation are driving the demand for LIMS solutions. These systems help scientists manage datasets from experiments and tests, enabling data-driven decisions. LIMS professionals provide software and services to customize, train, maintain, and offer technical support. Biotech companies and cannabis testing laboratories are major consumers of LIMS solutions due to the need for real-time analytics, sample tracking, and automation. Cloud-based solutions offer data accessibility, scalability, and compliance with regulatory standards like 21 CFR Part 11. Data security is a key concern, with IT solutions and skilled IT professionals ensuring protection. The life sciences industry, including biobanks and biorepositories, is investing in software-as-a-service (SaaS), infrastructure-as-a-service, and platform-as-a-service for operational efficiency and data analysis. Financial investments in healthcare expenditure, capital equipment, and technology trends are fueling the growth of the LIMS market. Advanced data analytics, artificial intelligence, and machine learning are enhancing drug discovery, precision medicine, and personalized healthcare. 

Companies are increasingly choosing Software-as-a-Service (SaaS) Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and efficiency benefits. SaaS-based LIMS offer better flexibility and quicker implementation compared to traditional systems. These systems enable laboratories to access data remotely through a web browser, eliminating the need for separate application software installation and management. This results in reduced implementation costs and higher returns on investment. For smaller and mid-sized labs without dedicated IT support budgets, SaaS is an emerging software delivery model that is gaining acceptance. 

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Market Challenges

Laboratories and research facilities face challenges in managing vast datasets generated from experiments and tests. Scientists require data-driven decisions for research findings, making it crucial for LIMS professionals to implement effective Laboratory Information Management Systems (LIMS). The market for LIMS software and services is expanding in sectors like biotechnology, healthcare, and academic institutions. Customization, training, maintenance, and technical support are essential services. Digitalization and laboratory automation are key trends, with cloud-based solutions offering data accessibility, scalability, and real-time analytics. Biotech companies, cannabis testing laboratories, and biobanks/biorepositories benefit from LIMS solutions. Data security, regulatory standards like 21 CFR Part 11, and IT solutions from skilled IT professionals are essential. The life sciences industry invests heavily in hardware infrastructure, analytical instruments, and software solutions for operational efficiency and data analysis. Result reporting, pipeline analysis, and regulatory frameworks are critical. Product type, delivery, and advanced data analytics, including artificial intelligence and machine learning, are driving precision medicine and personalized healthcare. Financial investments in software licenses and infrastructure-as-a-service (IaaS), platform-as-a-service (PaaS), and software-as-a-service (SaaS) continue to grow.Businesses increasingly choose cloud-based Laboratory Information Management Systems (LIMS) due to their cost-effectiveness and convenience. Cloud deployment offers several advantages, including centralized data storage, high-speed networks, and easy accessibility. These features lead to increased productivity, improved data sharing, and better collaboration. Government healthcare agencies, including federal, state, and local, have adopted cloud-based solutions due to their low initial costs, simplified software management, strong security, dependability, and compatibility with existing systems. The cloud’s integration capabilities enable seamless adoption and streamlined processes. Overall, cloud-based LIMS solutions provide an efficient, cost-effective, and secure option for managing laboratory information.

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Segment Overview 

This laboratory information management system (lims) market report extensively covers market segmentation by  

Deployment 1.1 On-premise1.2 Cloud-basedComponent 2.1 Software2.2 ServicesGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 On-premise-  The on-premises Laboratory Information Management System (LIMS) segment is experiencing significant growth in the global market. This growth is driven by the increasing demand for secure, customizable, and locally hosted data management solutions. On-premises LIMS systems are installed and operated within users’ facilities, providing control over data storage, access, and configuration. These systems offer a high level of data security, enabling organizations to comply with stringent data privacy regulations and tailor the software to their specific workflow needs. For instance, Thermo Fisher Scientific Inc.’s on-premises LIMS solution caters to pharmaceutical research laboratories, offering comprehensive data management and analysis tools. The adoption of on-premises LIMS is further fueled by the need for complete control over data security and privacy, particularly in industries dealing with sensitive information. Regulatory requirements in sectors like healthcare and pharmaceuticals also drive demand for on-premises LIMS solutions. Market trends include advanced data analytics and visualization tools for in-depth analysis and decision-making, as well as customized user interfaces and workflows for enhanced user experience and streamlined data management processes. Key players focus on continuous software enhancements and user-centric customization to cater to diverse industry needs, such as Labworks LLC’s on-premises LIMS, which has gained prominence in research and development laboratories. These advantages are expected to drive the growth of the on-premises segment in the global LIMS market during the forecast period.

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Research Analysis

The Laboratory Information Management System (LIMS) market plays a crucial role in managing and streamlining operations for laboratories and research facilities worldwide. LIMS solutions enable the handling of large datasets generated from experiments and tests, facilitating data-driven decisions for scientists. Compliant with regulations such as 21 CFR Part 11, these systems ensure data security and integrity. In the realm of medical cannabis, cannabis testing laboratories have adopted LIMS solutions to manage complex workflows, track samples, and analyze data for result reporting and pipeline analysis. Universities and research institutions also utilize LIMS to optimize their research processes, enhancing operational efficiency and ensuring accurate data management. IT solutions, including LIMS, are essential for laboratories as they require skilled IT professionals to implement and maintain these software solutions. Data center providers also play a role in ensuring the availability and security of laboratory data. LIMS solutions offer numerous benefits, including sample tracking, data analysis, and result reporting, ultimately contributing to improved research findings and operational excellence.

Market Research Overview

The Laboratory Information Management System (LIMS) market encompasses software and services that enable laboratories and research facilities to manage and analyze datasets generated from experiments and tests. These systems facilitate data-driven decisions by scientists and LIMS professionals, providing real-time analytics, sample tracking, and automation. The market caters to various sectors, including biotechnology, healthcare, academic institutions, and biobanks/biorepositories. Customization, training, maintenance, and technical support are essential services offered by LIMS providers. Digitalization and laboratory automation are significant trends in the market, driven by the life sciences industry’s increasing need for scalable, cloud-based solutions. Data security, regulatory standards (such as 21 CFR Part 11), and data accessibility are critical considerations. Biotech companies, cannabis testing laboratories, and healthcare facilities are significant consumers of LIMS solutions. The market includes IT solutions, software developers, data center providers, and skilled IT professionals. Key product types include software solutions, hardware infrastructure, and laboratory infrastructure. Financial investments in the life sciences industry, healthcare expenditure, and capital equipment contribute to the market’s growth. Advanced data analytics, artificial intelligence, and machine learning are emerging technology trends in the LIMS market, enabling pipeline analysis, precision medicine, and personalized healthcare. Regulatory frameworks and product type delivery also influence market dynamics.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedComponentSoftwareServicesGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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TELUS transforms legacy telecommunications site into 195 new homes for Nanaimo

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Across Canada, demand for rental housing continues to outpace supply. TELUS Living is helping address this challenge by transforming existing TELUS properties into smart, sustainable homes in communities where new housing is needed most.

NANAIMO, BC, July 23, 2026 /CNW/ — TELUS Living today opened a new 195-home purpose-built rental community in downtown Nanaimo, transforming a former telecommunications property into smart, sustainable housing that helps address one of Canada’s most pressing challenges: increasing rental supply in growing communities. Located at 235 Wallace St, the multi-storey, mixed-use build features 195 purpose-built rental units, providing much-needed housing supply to downtown Nanaimo, while thoughtfully honouring the city’s unique coastal identity and heritage.

The Nanaimo development is part of TELUS’ long-term strategy to repurpose legacy telecommunications infrastructure into purpose-built rental housing as the company modernizes its network and completes the transition from copper to PureFibre technology. The Nanaimo community joins TELUS Living’s growing portfolio of developments that are transforming underutilized TELUS properties into housing across Canada.

“The Nanaimo development represents exactly what TELUS Living stands for by providing purpose-built rental housing tailored to the specific needs of the community it serves. We’ve designed 235 Wallace St with Nanaimo’s unique character in mind, offering a curated lifestyle that blends a climate-conscious, Zero Carbon Design approach with top-tier wellness and smart-tech amenities,” said Manasweeta Bhatia, Vice President of Corporate Real Estate at TELUS. “We shape every TELUS Living project by listening to the community, understanding its unique identity and design needs, and building accordingly. Its central downtown location and proximity to both Vancouver Island University and Nanaimo Regional General Hospital also position it as an ideal home for students, educators, and healthcare workers seeking modern, connected living.”

“More housing and good jobs are a win-win for downtown Nanaimo,” said Sheila Malcolmson, MLA for Nanaimo-Gabriola Island. “Adding to the approximately 1,500 affordable homes our B.C. government has completed and underway in Nanaimo, it’s great to see TELUS stepping up with 195 new units. It’s been great to see hundreds of construction and indirect jobs in town, and I can’t wait to see folks move into their new homes.”

“I’m thrilled to see a new rental option in downtown Nanaimo, and especially excited that this conversion was made with sustainability and active transportation in mind,” said George Anderson, MLA for Nanaimo-Lantzville. “Ensuring everyone can find homes they can afford in the communities they love requires creative approaches, and I hope to see more creativity like this in the future.”

“I’m delighted to celebrate the opening of TELUS Living Nanaimo, a landmark project that strengthens our downtown as a vibrant, inclusive place to live,” said Leonard Krog, Mayor of Nanaimo. “This partnership between the City of Nanaimo, our community, and TELUS demonstrates what’s possible when we work together toward shared goals. The addition of nearly 200 diverse housing options is exactly what our city needs, and we’re excited about the positive impact this will have on our community. TELUS’ commitment to our city and investment in our future will contribute to Nanaimo’s economic and social vitality.”

Situated within walking distance of downtown’s vibrant cafes, eclectic Old City Quarter, the iconic Harbourfront Walkway, and a short transit ride from Vancouver Island University and Nanaimo Regional General Hospital, the development is architecturally designed to blend classic and contemporary exterior elements. Curated for modern living, the community offers an expansive suite of indoor and outdoor social amenities alongside street-level retail and public art contributions.

Project Highlights:

Smart-Enabled Living: Powered by the TELUS PureFibre network, the custom TELUS Living App provides keyless entry, smart climate control, leak detection, parcel notifications, visitor management, and amenity bookings.Social & Wellness Amenities: Features a rooftop deck with an outdoor kitchen, BBQs, and panoramic views, alongside a state-of-the-art fitness centre and resident lounge.Pet & Active Lifestyle Ready: Equipped with a dedicated children’s outdoor play area, outdoor bark park and pet care station, secure underground parking, bike storage and maintenance facilities.Premium Functional Interiors: Studio to three-bedroom layouts include private balconies, individual A/C with Energy Recovery Ventilators (ERVs) for optimal air quality, Samsung SmartThings appliances, and in-suite laundry.Gold-Standard Sustainability: Sets a Vancouver Island benchmark aligned with Zero Carbon Design standards and Salmon-Safe development guidelines that actively protects local ecosystems.

This opening marks a significant milestone in TELUS Living’s mission to transform existing real estate holdings into purpose-built rentals that bridge the housing gap with smart, sustainable, and community-focused developments. As TELUS completes its transition from legacy copper to advanced fibre networks, the company is transforming its historic central offices–which once served as the backbone of B.C.’s phone system–into vibrant, smart, purpose-built rental communities. TELUS Living is breathing new life into these properties to help address Canada’s housing crisis. For more details on TELUS Living Nanaimo or to view available floor plans, please visit telusliving.com/nanaimo.

About TELUS

TELUS (TSX: T, NYSE: TU) is a world-leading communications technology company operating in more than 45 countries and generating over $20 billion in annual revenue with more than 17 million customer connections through our advanced suite of broadband services for consumers, businesses and the public sector. We are committed to leveraging our technology to enable remarkable human outcomes. TELUS is passionate about putting our customers and communities first, leading the way globally in client service excellence and social capitalism. TELUS Health is enhancing approximately 170 million lives across 200 countries and territories through innovative preventive medicine and well-being technologies. TELUS Agriculture & Consumer Goods utilizes digital technologies and data insights to optimize the connection between producers and consumers. TELUS Digital specializes in digital customer experiences and future-focused digital transformations that deliver value for their global clients. Guided by our enduring ‘give where we live’ philosophy, TELUS continues to invest in initiatives that support education, health and community well-being. In 2023, we launched the TELUS Student Bursary, which strives to ensure that every young person in Canada who wants a postsecondary education has the opportunity to pursue one. To date, the program has distributed over $6 million in bursaries to 2,000 students and counting. Since 2000, TELUS, our team members and retirees have contributed $1.85 billion in cash, in-kind contributions, time and programs, including 2.5 million days of service–earning TELUS the distinction of the world’s most giving company.

For more information, visit telus.com.

For more information, please contact:
Brandi Rees
TELUS Public Relations
brandi.rees@telus.com 

SOURCE TELUS Communications Inc.

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Award-Winning Author Euran Daniels to Deliver Opening Keynote at International Nevus Outreach Conference, Unveiling New $100,000 Global Initiative to Advance CMN Research and Awareness

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ORLANDO, Fla., July 24, 2026 /PRNewswire/ — Award-winning author, entrepreneur, and Congenital Melanocytic Nevus (CMN) advocate Euran S. Daniels will deliver the opening keynote address at the 2026 Nevus Outreach International Conference on Sunday, July 26, 2026, at 1:00 p.m. at the Renaissance Orlando at SeaWorld®.

Launching the conference under this year’s theme, “Amplify,” Daniels will share his personal journey of living with CMN for more than 50 years and challenge attendees to transform awareness into meaningful action through hope, advocacy, and research.

During his keynote, Daniels will unveil a new global initiative aimed at expanding awareness and inspiring greater support for CMN research. The initiative will encourage individuals, healthcare organizations, corporations, and philanthropists to join a collaborative effort to improve the lives of those affected by this rare skin condition.

“For more than fifty years, I’ve lived with a visible mark that became my purpose,” said Daniels. “My hope is that every person leaves this conference believing they can make a difference by amplifying hope, supporting research, and leaving a positive impact on the lives of others.”

CMN is a rare skin condition present at birth that, in its larger forms, affects approximately 1 in every 20,000 births. Individuals living with CMN may face complex medical challenges, including an increased risk of melanoma, multiple surgeries, and the emotional impact of living with a visible difference.

Daniels’ keynote will focus on three powerful messages: You’re Not Alone. Live Your Life. Leave Your Mark.Through his story of resilience and leadership, he hopes to inspire families, advocates, researchers, and community leaders to work together to create greater awareness and opportunity for those living with CMN.

Media are invited to attend the keynote address to learn more about this initiative. 

For more information, visit www.EuranDaniels.com or to support CMN research, visit www.nevus.org/joineuran.

Media Contact:
Media Relations – Fanisha Love (910) 262-3439
Email: info@danielscompany.com
Website: www.EuranDaniels.com

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SOURCE Daniels Company

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Immigration Desk Shares Guidance for Entrepreneurs and Foreign Businesses Planning US Expansion in 2026

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NEWTON, Mass., July 24, 2026 /PRNewswire/ — Immigration Desk is highlighting key immigration considerations for entrepreneurs, investors, and foreign-owned companies looking to establish or expand a presence in the United States, as interest in cross-border growth continues alongside evolving visa procedures and compliance expectations. The firm noted that many business owners plan with a general goal of opening a US office,  only to be met by a system that favors careful planning and documentation. 

Immigration planning often intersects with business planning, with company structure, ownership percentage, funding sources, job roles, and operational timelines influencing the pathways available and evidence required. A viable business plan alone often isn’t enough, and applicants must also meet specific legal definitions tied to visa categories. Those definitions, however, can differ significantly depending on the route pursued.

“Business immigration is not a single form or a single standard,” said Anu Gupta, attorney at Immigration Desk. “Entrepreneurs and foreign businesses often come to the process thinking in terms of growth goals like opening a location, hiring, and launching a product. However, the immigration system asks for detailed proof of role, eligibility, and structure. Planning early helps align those two realities and avoids last-minute surprises.”

Immigration Desk notes that entrepreneurs and foreign businesses typically evaluate options based on the nature of the US activity and the individual’s role. For some, the relevant question is whether a company can transfer an executive, manager, or specialized employee to a US office under an intracompany framework, particularly when the business can document a qualifying relationship between entities.

For others, the analysis may focus on investment-based categories where the applicant is actively directing and developing a US enterprise. In still other cases, founders may explore categories that emphasize extraordinary ability, research-based work, or employer sponsorship, depending on the individual’s background and the company’s needs.

L-1 and E-2 Visas: Pathways for Multinational Companies and Investors

For companies evaluating intracompany transfers, the L-1 visa provides a structured pathway for multinational businesses to bring executives, managers, or employees with specialized knowledge to a U.S. office — including newly established entities. Immigration Desk notes that L-1 cases require careful documentation of the qualifying relationship between the foreign and U.S. companies, as well as a clear demonstration of the applicant’s role and seniority. For new U.S. offices in particular, USCIS applies additional scrutiny to whether the operation is sufficiently established to support the position being petitioned.

The E-2 treaty investor visa offers a separate route for entrepreneurs from qualifying treaty countries who are making a substantial investment in and actively directing a U.S. enterprise. While the E-2 does not require a minimum investment threshold, Immigration Desk emphasizes that the investment must be proportional to the nature of the business and at risk in a commercial sense — factors that require careful structuring and documentation from the outset. Unlike some other business visa categories, the E-2 does not provide a direct path to permanent residency, which means founders relying on it should also plan for long-term status options early in the process.

The firm also points to a recurring challenge for growth-stage companies: staffing. Employer-sponsored visas can involve strict timing, evolving agency practices, and in some categories, annual numerical limits. In recent years, many employers have sought clarity on how to plan around the H-1B cap and lottery cycle, particularly when hiring needs don’t align neatly with government filing windows.

While the H-1B category remains widely used for specialized professional roles, Immigration Desk emphasizes that businesses should treat it as one part of a broader hiring and compliance plan rather than a single solution, especially when role definitions, worksite compliance, and documentation requirements are central to adjudication.

“People often focus on the name of a visa category, but the practical work is in the documentation and the operational reality behind the petition,” Gupta added. “For businesses, that means understanding what the government expects in terms of job duties, business activity, and the evidence that supports eligibility. For entrepreneurs, it can mean clarifying ownership, funding, and what day-to-day leadership looks like in a way that is consistent and well documented.”

Immigration Desk also notes that immigration planning frequently involves risk management. Businesses may need to consider how quickly a US operation must become functional, what happens if timelines shift, and how to maintain continuity if a petition is delayed or requires additional review. For founders, the concerns often include whether a pathway supports both business operations and personal stability, including travel, family planning, and long-term status options.

The firm cautions that immigration outcomes depend on individualized facts and that what works for one company may not apply to another. However, the most consistent problems, like incomplete timelines, inconsistent documentation, unclear roles, and last-minute filings, are completely avoidable. In response to those issues, Immigration Desk encourages business owners to approach US immigration as a phased process that begins with strategy and thorough preparation, with an operational plan for compliance after arrival.

For more information, please refer to the company’s website.

Immigration Desk
704 Walnut Street Newton, MA 02459
1-800-688-7892
https://immigrationdesk.com/
clients@ImmigrationDesk.com 

At Immigration Desk, attorney Anu Gupta and her team have helped thousands of entrepreneurs, investors, and multinational companies navigate complex immigration matters. With more than 40 years of combined experience and over 10,000 immigration cases handled, the firm has developed a reputation for careful preparation and strategic case planning. Whether you are a startup founder, a multinational executive, or an investor seeking to establish a presence in the United States, Immigration Desk can help you determine the most effective immigration strategy for your situation.

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SOURCE Immigration Desk

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