Regional Insights on the Laboratory Information Management System Market
The global Laboratory Information Management System (LIMS) market was valued at USD 2.3 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.48% from 2024 to 2030. This growth is primarily driven by technological advancements in pharmaceutical laboratories and an increasing demand for laboratory automation, which is expected to fuel market expansion in the coming years. The rise in research and development (R&D) activities, especially in pharmaceutical and biotechnological laboratories, is anticipated to drive the demand for LIMS, offering significant opportunities for market players. Several other factors contributing to the growth of the LIMS market include: Cost-effectiveness : LIMS systems offer a low-cost solution for laboratory operations while improving efficiency. Time management : Automation and streamlined processes save time and reduce human e...