The laboratory informatics market had the revenue of USD 4,376.2 million in 2023, which will power at a rate of 11.4% by the end of this decade, reaching USD 9,176.6 million by 2030.
The development of this industry is mostly powered by the increase in the requirement for laboratory automation, along with for biobanks/biorepositories and an increase in R&D expenditure in the biotech and pharma sectors.
On the basis of product, LIMS had the largest share, of 30%, in 2023, and it will continue to
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