Description
The market size of the global laboratory information management system was estimated at USD 1.85 billion by 2021 and is expected to grow at a combined annual growth rate (CAGR) of 7.0% from 2022 to 2030. automation is expected to further the need for these programs in the years to come. Advances in R&D labs, especially in pharmaceutical and biotechnological laboratories, are expected to enable the positive growth of the industry in the laboratory information management systems. In addition, low cost of implementation, time management, and compliance with GDP, GCP & GMP are some of the major factors driving the growth of the Laboratory Information Management System (LIMS) Market.
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