Laboratory Informatics Market To Grow At CAGR Of 6.4% For The Forecast Period From 2019 To 2026 : Grand View Research Inc.
San Francisco, 5 September 2019: The Report Laboratory Informatics Market Size, Share & Trends Analysis Report By Product (LIMS, ELN, SDMS, LES, EDS & CDMS, CDS, ECM), By Delivery Mode, By Component, By End Use, And Segment Forecasts, 2019 – 2026 The global laboratory informatics market size is expected to reach a value of USD 4.41 billion by 2026, according to a new study by Grand View Research, Inc. It is projected to expand at a CAGR of 6.4% during the forecast period. Increasing requirement for life science companies to comply with regulatory demands has promoted the incorporation of Laboratory Information Management Systems (LIMS) as it helps professionals understand and fulfill the complex regulatory obligations. Furthermore, demand for cost-efficient workflow management systems is anticipated to drive the growth. Rising adoption of LIMS solutions by biobanks coupled with the increasing demand for integrated healthcare solutions is the key contributing factor f