The market for Laboratory Information System size was valued at USD 1.80 Bn. in 2021 and the total Laboratory Information System (LIS) revenue is expected to grow at 9.3% from 2022 to 2029, reaching nearly USD 3.67 Bn.
A report on the Laboratory Information System market has been released by Maximize Market Research, a renowned global provider of data and research on the regional and global aerospace and defence sector. The research provides market sizes by region and predictions through 2029 in addition to other key business information.
The research covers a wide range of market- and industry-related topics. Product launches, company growth, alliances, joint ventures, and acquisitions are a few marketing strategies. The creation of this study has taken into account all significant elements of market research that are essential to the situation of the industry today. This market research analysis also covers the key business trends, challenges, and opportunities. The leading business consultant for the aerospace and defence sector, Maximize Market Research, recently published a report on the competitive landscape and market intelligence for the Laboratory Information System Market. An expert with 18 years of expertise looked at the market from both a domestic and international viewpoint using both primary and secondary data.
Laboratory Information System Market Overview:
By conducting a detailed statistical analysis of current and emerging trends, the fundamentals of the Laboratory Information System Market may be better understood. In order to assess the importance of numerous aspects, including threats provided by diverse agents, competitive strength, and the understanding of a resource by ambitious young enterprises, the study examines Porter’s five forces. The study looked at each country at the micro level to establish the total market size by countries and market categories. With the use of a method known as bottom-up forecasting, the size of the regional and global markets is determined. A micro level analysis of each country will reveal how much the underground market contributes to the growth of the larger market. The findings were supported by in-depth interviews with well-known local business owners. The information used in secondary research is obtained from both for-profit and open-access sources, and it is then analysed. The sources for consumption by category and supply by each player in each country are actual government data, commercial databases, and annual reports of publicly traded companies.
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Laboratory Information System Market Segmentation:
By product, the Integrated LIS category dominated the market in 2021 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. Additionally, integrated LIS does away with the necessity for manual order entry, lowering the possibility of human error and expediting the process. The system uses barcode technology with an interface to LIS for order input and tracking.
Regional Analysis:
- North America
- Europe
- Asia-Pacific
- Middle East and Africa (MEA)
- South America
In the research’s examination of the Laboratory Information System Market, cost structures, market shares, the producers’ supply networks, and the laws and regulations in force at the time are all taken into account. It is possible to analyse the regional markets for the Trade Surveillance Systems Market by comparing the cost of locally produced goods to the profit made.
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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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