The Business Research Company’s latest report Laboratory Information System Global Market Report 2020 covers Laboratory Information System market drivers, Laboratory Information System market trends, Laboratory Information System market segments, Laboratory Information System market growth rate, Laboratory Information System market major players, and Laboratory Information System market size. The report provides in-depth analysis of the impact of COVID-19 on the Laboratory Information System industry, along with revised market numbers due to the effects of the coronavirus.
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Laboratory Information System Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global laboratory information system market is expected to decline from $1.62 billion in 2019 to $1.58 billion in 2020 at a compound annual growth rate (CAGR) of -2.42%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $2.33 billion in 2023 at a CAGR of 13.8%.
The report covers the Laboratory Information System market’s segments-
1) By Product: Standalone LIS, Integrated LIS.
2) By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Others.
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