Navigating the LIMS Landscape: Key Product Insights in Laboratory Information Management System
The global laboratory information management system (LIMS) market was valued at approximately USD 2.3 billion in 2023 and is projected to expand at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. This anticipated growth is largely driven by technological advancements in pharmaceutical laboratories, along with an increasing demand for lab automation. Innovations in research and development (R&D) labs—especially within the pharmaceutical and biotechnological sectors—are expected to further bolster positive industry growth. Additionally, the relatively low cost of implementation, efficient time management capabilities, and adherence to regulatory compliance frameworks such as Good Distribution Practices (GDP), Good Clinical Practices (GCP), and Good Manufacturing Practices (GMP) are significant factors propelling the growth of the LIMS industry. Gather more insights about the market drivers, restrains and growth of the Laboratory Information Management Sys...