Rapid development of new technologies as well as changing demands of many sectors will drive demand for a Laboratory Information Management System in 2024.
Data is given meaning in digitalized laboratory that are also suited to detecting, interacting with one another, evaluating, and reacting on it advantageously.
According to the study, the need for laboratory automation is a major element pushing the market for laboratory information management systems across Europe.
The global laboratory information systems market is anticipated to reach a significant value of $2,166.3 million by end of 2024, growing at a 6% annual pace.
With a valuation of US$5.6bn in 2022, scientific research lab automation market is predicted to see rapid expansion, rising by over 8.1% between 2023 and 2030.