Technavio estimates that the Laboratory information management system (LIMS) Market will see an increase of USD 1.63 billion, with a CAGR of 13.46% from 2023 to 2028. This surge is fueled by the growing demand for adherence to regulatory compliance and government rules. The rising number of chronic illnesses and the aging population also contribute to the demand for better laboratory management systems. LIMS, a type of software, simplifies lab workflows, boosts productivity, and plays a vital role in supporting clinical trials, ensuring that labs operate with greater efficiency.

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