Posted 12/11/2023, 1:30:00 AM
LIMS Market Size Projected to Grow Over $900 Million in Next 5 Years, Driven by Regulations and Healthcare Demands Despite Data and Cost Challenges
- LIMS market size estimated to grow by $907 million from 2022-2027 at a CAGR of 9.08%
- North America held the largest LIMS market share in 2017 at $358 million
- Key drivers include regulations, chronic diseases, aging population, bio-banking demand
- Challenges include data security, migration issues, high costs
- 15+ vendors including Abbott Labs, Accelerated Technology Labs, Agile Frameworks, Attune Technologies, Autoscribe Informatics