Global Laboratory Information Management System (LIMS) Market valued at $1.3 bn in 2021, is expected to grow at a healthy CAGR of over 10% to cross $2 bn by 2025
A LIMS is a data management software that helps labs in automating their workflows, keeping track of data (associated with samples, instruments and QA/QC results, etc.), and data storage, processing and reporting. All of these features are crucial to sustain and improve productivity and efficiency of any biological lab, from pharma, biotech, environmental facilities, F&B to biobanking. Shift towards Cloud-based LIMS With the growing need for data sharing across and between organizations, traditional on-premise LIMS face challenge to survive in a data-driven world. On-premise systems lack scalability and easy integration, are often time-consuming and costly to implement and manage. The LIMS industry is witnessing rise in the adoption of cloud-based model as it can address most of these issues with quick deployment, minimum upfront costs, high flexibility and scalability making it affordable for even small to medium-size laboratories. Trending Subscription-based Pricing Model...