Laboratory Informatics Market Size Is Expected To Reach USD 4.4 Billion By 2028
San Francisco, 8 June 2021: The Report Laboratory Informatics Market Size, Share & Trends Analysis Report By Product (LIMS, ELN, SDMS, LES, EDC & CDMS, CDS, ECM), By Delivery Mode (Cloud-based, On-premise), By Component, By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global laboratory informatics market size is expected to reach USD 4.4 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.7% from 2021 to 2028. An increase in the requirement for life sciences companies to comply with regulatory demands has further promoted the incorporation of Laboratory Information Management Systems (LIMS) as it helps professionals understand and fulfill complex regulatory obligations. Furthermore, demand for cost-efficient workflow management systems is anticipated to drive the market over the forecast period. The rising adoption of LIMS solutions by biobanks coupled with the increasing demand for integrat