The global Laboratory Information Management System (LIMS) Market size is projected to reach USD 1413.4 Million by 2026, from USD 836.1 Million in 2019, at a CAGR of 7.7% during 2021-2026.
Major factors driving the growth of library management system market size are, technological advancements in LIMS offerings, increasing R&D expenditure in pharmaceutical and biotechnology companies, and the growing adoption of cloud-based LIMS. Furthermore, the incorporation of LIMS helps labs achieve at least 80 percent paperless operations.
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LIMS MARKET SIZE ANALYSIS
The rising prevalence of chronic diseases is expected to drive the growth of the Laboratory Information Management System Market size. The rising prevalence and concern for chronic diseases necessitate the need for advanced diagnostic and laboratory services. The Government is introducing numerous programs for patients with chronic illnesses, such a
Research and Markets: United States and European Union Laboratory Information Management Systems Markets Report 2020: Transition to Hybrid Cloud Services to Trigger Growth - ResearchAndMarkets.com
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The publisher s Transformational Health team provides critical insights into the US and EU laboratory information management system (LIMS) industry, highlighting the key growth opportunities, market revenue forecast, and trends that will play an important role in industry growth.
The US and EU LIMS market covered in this study is segmented by end-user (pharmaceutical, biobanks, clinical diagnostics, government, and academic institutions) and by product type (thick-client, thin-client, and cloud-native). The market forecast is provided through 2026, capturing the interesting trends, developments and end-user dynamics that will influence the growth of industry participants.
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