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A respectable rate of growth is being experienced worldwide in the informatics market for laboratories. Laboratory informatics solutions aid scientists and lab professionals across industries in reducing manual labour, labour costs, cost of error, and throughput times; providing paperless information management and efficient data analytics; enhancing data traceability, accessibility, security, and sharing; streamlining processes; enhancing quality management; adhering to regulatory requirements; and better controlling all business processes and decision support.
The key drivers of Laboratory Informatics Market growth during the forecast period are increasing laboratory automation, technological developments in laboratory informatics systems, increasing regulatory compliance requirements, rising demand from biobanks/biorepositories, academic research institutions, and CROs, and rising R&D activities.
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