Laboratory Information Management System Market Is Estimated To Exhibit At USD 3.56 Billion By 2030
San Francisco, 20 Apr 2022: The Report Laboratory Information Management System Market Size, Share & Trends Analysis Report By Product (Cloud-based, Web-based), By Component (Software, Services), By End Use (Life Sciences, CROs), And Segment Forecasts, 2022 - 2030 The global laboratory information management system market size is expected to reach USD 3.56 billion by 2030, registering a CAGR of 7.0% over the forecast period, according to a new report by Grand View Research, Inc. Factors contributing to this growth include growing demand for laboratory automation, investments in the life sciences industry, demand for outsourcing services, and technological advancements. To help in tackling the effect of the COVID-19 pandemic, market players aimed at launching novel lab automation solutions in the market. For instance, LabVantage launched the COVID-19 LIMS, which helps manage the unprecedented acceleration of the laboratory workflow and volume due to the pandemic. Likewise, in M