Laboratory Information System Market size was valued at USD 1.96 Bn. in 2022 and the total Laboratory Information System (LIS) revenue is expected to grow at 9.3% from 2023 to 2029, reaching nearly USD 3.67 Bn.
Laboratory Information System Market Overview
The market overview focuses on analyzing the dynamics of the Laboratory Information System industry, including its key players and market rivalry. The report provides revenue forecasts for the industry at the global, regional, and segment levels, with a particular emphasis on sales forecasting by segment and region. This comprehensive analysis allows for a detailed understanding of the market’s current state and future trends, providing valuable insights for industry stakeholders.
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Laboratory Information System Market Report Scope and Research Methodology
The report on Laboratory Information System Market provides an in-depth analysis of the industry. Key highlights of the report include the market size and the growth rate. Insights of the report covers the drivers, restraints, challenges & opportunities for Laboratory Information System market growth. A detailed PESTEL analysis is also included in the report. The report covers a thorough regional analysis of the Laboratory Information System industry at local, regional and global level. Segment wise marker share estimation & Industry potential is also covered.
The Laboratory Information System Market was analysed by region, revenue, financial status, portfolio, technological advancement adopted, and mergers and acquisitions. The new entrants & existing players in Laboratory Information System market were researched for growth prospects and future business outlooks. The analysis acts as a guide for stakeholders, investors, market players and followers and new entrants with an overall view of the Laboratory Information System market for formulating investment approaches and marketing tactics. Bottom-up approach was used to estimate the Laboratory Information System market size.
Laboratory Information System Market Regional Insights
The report provides a comprehensive examination of the factors driving growth, constraints, future prospects, and competitive landscape across all regions. The market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Additionally, the report identifies the top countries in each region and provides market forecasts for each one..
Laboratory Information System Market Segmentation
By product, the Integrated LIS category dominated the market in 2022 with a market share of around 68%. At the end of the projected period, this segment’s dominance is anticipated to remain. Numerous important advantages like automated laboratory administration, reduced error risk, instrument and equipment integration, and improved overall efficiency may be responsible for this market segment’s rise. Integration, in general, describes the process of combining pieces such that they work together or form a whole. There are several common applications for information technology, including: The process of merging components or subsystems and resolving issues with their interconnections during product development is known as integration. The application components were all produced concurrently with a shared goal and/or architecture.
By delivery mode, the On-Premise category held the largest market share in 2022 and is anticipated to expand at a CAGR of 9% during the following five years. Laboratories need a software licence in order to use on-premise software. This licenced copy can offer significantly higher data security than Cloud-based dissemination because it stays inside the lab. Since the patient data being maintained is highly confidential and legally protected, this is crucial. Greater bandwidth is available for accessing the servers in the data centres. This will more than suffice to provide traffic-free access. Authorised users can access data from the laboratory management system’s centralised data centre because cloud servers have multiple redundant systems, thus data loss is never a concern.
Laboratory Information System Market Key Players
- Cerner Corporation(US)
• Dendi, Inc.(US)
• Computer Programs and Systems Inc.(US)
• Meditech(US)
•SCC Soft Computer(US)
• Epic Systems Corporation(US)
• Computer Service and Support(US)
• ASPYRA LLC.(US)
• Apex Healthware(US)
• Seacoast Laboratory Data Systems(US)
• Pathagility(US)
• LabVantage Solutions(US)
• HEX Laboratory Systems(US)
• LigoLab Information Systems(US)
• Comp Pro Med(US)
• American Soft Solutions Corp.(US)
• Allscripts Healthcare Solutions, Inc.(US)
• WebPathLab(US)
• XIFIN(US)
• CompuGroup Medical(Germany)
• Alphasoft GmbH(Germany)
• Clinsis( Australia)
• TECHNIDATA (UK)
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Key questions answered in the Laboratory Information System Market are:
- What is Laboratory Information System ?
- What are the factors driving the Laboratory Information System Market growth?
- What are the factors are limiting the Laboratory Information System Market growth?
- What was the Laboratory Information System market size in 2021?
- Which trends are expected to generate additional revenue for the Laboratory Information System market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Laboratory Information System Market?
- What growth strategies are the players considering to increase their foothold in the Laboratory Information System Market?
- Who held the largest market share in the Laboratory Information System Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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