Laboratory inventory software is designed for pharmaceutical, biotechnical companies, research laboratories, and others, to manage their inventory. This software enables them to manage the stock, minimize unwanted inventory costs, and achieve maximum sales and profit and thereby increasing the productivity of the organization. The rising need to control the wastage and the hazards caused by the inventory and the prevailing trend of laboratory automation has bolstered the market growth.
Additionally, North America dominates the market, and Europe has shown a rapid growth trend due to the presence of key players and the rising number of pharmaceutical and biotechnical companies, research laboratories. However, the alarming number of cyber-crimes across the world and increasing malpractices has restricted the growth to a certain extent.
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According to Straits research, the prominent key players in the global laboratory inventory management software market are Quartzy, Dataworks Development, CloudLIMS.com, Third Wave, Chemical Inventory Ltd., CyroTrack, Item Tracker Software, BioData, Online LIMS, Progeny Genetics, Arxspan, ATGC Labs, BioInfoRx, Accelrys and MilliporeSigma, among others.
Laboratory Inventory Management Software Segmentation
By Organization Size
The Middle East and Africa (MEA)
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* Customer Behaviour Analysis
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