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.
Market Overview:
This study’s purpose is to give an overview of the Laboratory Information System market as well as extensive market segmentation based on segments, and geography. The report includes vital information on the market positions of the major Laboratory Information System companies, as well as notable industry trends and prospects.
The report also focuses on the leading industry players in the Laboratory Information System market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information. This research looks into Laboratory Information System Market Trends, Volume, and Value at the Global, Regional, and Company Levels. This study examines the whole Laboratory Information System Market Size from a worldwide standpoint, evaluating historical data and forecasts.
Market Dynamics:
A popular solution to the shortage of laboratory professionals and the elimination of manual labour in lab procedures is laboratory automation. Automation of routine lab procedures, utilising specialised workstations and software to manage equipment, improves lab productivity and frees up individual researchers to concentrate on important tasks. Automation increases data production and enables better documentation. The building of efficiencies that produce repeatable outcomes is aided by the implementation of supervisory standards and strict regulatory criteria for error-free outputs.
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Market Scope:
The report also focuses on the leading industry players in the Laboratory Information System market, giving information such as company biographies, product images and specifications, capacity, production, price, cost, revenue, and contact information.
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. 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.
Global Laboratory Information System Market, by Product (2022-2029)
• Standalone LIS
• Integrated LIS
Global Laboratory Information System Market, by Component (2022-2029)
• Services
• Software
Global Laboratory Information System Market, by Delivery Mode (2022-2029)
• On-premise
• Cloud-based
Global Laboratory Information System Market, by End-user (2022-2029)
• Hospital Laboratories
• Independent Laboratories
• POLs
• Other end users
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Key Players:
Inorganic growth techniques noted in the sector included acquisitions, partnerships, and collaborations. With growing demand, industry participants in the Laboratory Information System market are projected to benefit from excellent future growth opportunities. The following are a few companies participating in the worldwide Laboratory Information System industry.
1. Cerner Corporation(US)
2. Dendi, Inc.(US)
3. Computer Programs and Systems Inc.(US)
4. Meditech(US)
5.SCC Soft Computer(US)
6. Epic Systems Corporation(US)
7. Computer Service and Support(US)
8. ASPYRA LLC.(US)
9. Apex Healthware(US)
10. Seacoast Laboratory Data Systems(US)
11. Pathagility(US)
12. LabVantage Solutions(US)
13. HEX Laboratory Systems(US)
14. LigoLab Information Systems(US)
15. Comp Pro Med(US)
16. American Soft Solutions Corp.(US)
17. Allscripts Healthcare Solutions, Inc.(US)
18. WebPathLab(US)
19. XIFIN(US)
20. CompuGroup Medical(Germany)
21. Alphasoft GmbH(Germany)
22. Clinsis( Australia)
23. TECHNIDATA (UK)
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Regional Analysis:
The research also includes a comprehensive PESTLE analysis for each of the five areas, namely North America, Europe, Asia Pacific, the Middle East, and Africa, and South America, after examining the political, economic, social, and technological variables influencing the Laboratory Information System market in these regions.
COVID-19 Impact Analysis on Laboratory Information System Market
As a result of the COVID-19 outbreak, customer behavior has transformed throughout all sectors of society. Industries, on the other hand, will need to adjust their strategies to account for altering market supplies. This study gives an outline of the COVID-19’s impact on the Laboratory Information System market and will help you build your business in compliance with the new industry standards.
Key Questions Answered in the Laboratory Information System Market Report are:
What will be the CAGR of the Laboratory Information System market during the forecast period?
Which segment emerged as the leading segment in the Laboratory Information System market?
Which are the prominent players in the Laboratory Information System market?
What will be the Laboratory Information System market size by 2027?
Which company held the largest share in the Laboratory Information System market?
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