The Laboratory Information Systems (LIS) Market is estimated at US$ 2.2 Billion in 20233 and is projected to reach US$ 4.9 Billion by 2030, at a CAGR of 8.3% during the forecast period.
Market Overview
The research firm Contrive Datum Insights has just recently added to its database a report with the heading global Laboratory Information Systems (LIS) Market .Both primary and secondary research methodologies have been utilised in order to conduct an analysis of the worldwide Laboratory Information Systems (LIS) Market . In order to provide a comprehensive comprehension of the topic at hand, it has been summed up using appropriate and accurate market insights. According to Contrive Datum Insights, this worldwide comprehensive report is broken up into several categories in order to present the data in a way that is understandable, succinct, and presented in a professional manner. Over the next 10 years, the market for laboratory information systems is expected to grow at a CAGR of 9.5% and reach USD 3.8 billion. LIS helps to streamline lab processes, cut down on the time it takes to get samples back, boost productivity, and improve turnaround times, lab automation, and efficiency. The rise of chronic diseases, the growing demand for personalized medicine, the development of integrated LIS, and the growing use of LIS in the cloud could give market players a lot of opportunities. Laboratory automation has become a good way to make up for a lack of lab workers and reduce the amount of work that has to be done by hand. Automating routine lab tasks with dedicated workstations and software for programming instruments makes the lab more productive and gives each researcher more time to work on important tasks.
LIS is an interface for an information system that lets users set up analytical instruments and get, store, manage, retrieve, and record laboratory data. More and more companies are investing in the LIS industry to increase their market share in the laboratory information system industry as medical departments around the world pay more attention to how accurately they treat this disease. With the rise of cloud-based storage, the market for laboratory information systems is growing as more companies pay to keep up with LIS’s standard for the industry. The market is moving faster because of centralized companies that let drug companies test drugs, keep track of how well they work, and send them to the Ministry of Health with government approval. Contrive Datum Insights just added the Laboratory Information Systems (LIS) Market to its huge database, which helps businesses shape their futures by making well-informed business decisions.
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Segment Analysis
It encompasses the most important key players in the world’s various regions and contains them. In this research report, several different techniques that high-level industries have utilised to achieve their goals are discussed. In order to obtain a more in-depth analysis of a number of different businesses, player profiles of the most important top players have been developed. It is beneficial to have an understanding of the worldwide competition on both the domestic and international platforms.
It provides a detailed description of the drivers and opportunities in the Laboratory Information Systems (LIS) Market , which assists current customers and potential customers in gaining a clear vision and making decisions that are most effective for them. In order to discover the desired facts regarding the target market, various types of analysis models, such as Laboratory Information Systems (LIS) Market , are utilised. In addition to this, it includes a variety of different techniques for strategic planning, which encourages the way to define and develop the framework of the various industries. FMI says that between now and 2030, the demand for laboratory information services will grow at a CAGR of 10.9%. Using services like workflow automation systems helps laboratories streamline their work, which leads to better quality control and healthcare delivery. These services make things run more smoothly and let workers focus on important tasks like drug research and API formulations. Over the next few years, cloud-based delivery mode is expected to make up about 65.8% of the whole market. The growth can be explained by how easy it is to use and how everyone can get to the medical data of patients. In the same way, cloud-based healthcare services are becoming more popular in developing countries, which will boost sales in the coming years. Based on end users, the clinic segment is forecast to hold around 49.5% of the total market share by 2030. As the healthcare field gets more complicated, it’s important to find a balance between operational and financial goals. The fact that the LIS can be used to give patients personalized clinical care is making it more popular in clinics all over the world. Aside from this, the growing number of healthcare clinics around the world and the growing use of automation will drive demand in this segment over the next few years.
Based on types, the Laboratory Information Systems (LIS) Market is segmented into:
- Standalone LIS
- Integrated LIS
By Delivery Mode
- On-premise LIS
- Web-based LIS
- Cloud-based LIS
By Component
- Services
- Software
On the Basis of Application:
- Clinical Diagnostic Laboratories,
- Hospitals
- Anatomical Pathology Laboratories
- Blood Banks
- Molecular Diagnostic Laboratories
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Recent Development
Oracle Corporation and Cerner Corporation announced in December 2021 that Oracle would buy Cerner, a leading provider of digital information systems, in an all-cash tender offer worth about $28.3 billion.
In August 2021, CTI made a deal with LabWare Inc. to work together on a LIMS system that would improve global laboratory services. The goal of the acquisition is to give the company more lab services to help with research on rare diseases and cell and gene therapy.
Regional Analysis
North America is number one in the world because it has made the most investments in labs and clinics with industry standards for laboratory information systems. Europe is second only to the U.S. in terms of LIS investments. This is because the U.S. has opened its market to healthcare institutions from all over the world. Due to their growing populations, Asia-Pacific countries like China, India, Japan, Malaysia, and Singapore have also promoted the laboratory information system industry. Other things that affect the market for laboratory information systems are clinical trials for chronic diseases, knowledge sharing and marketing for different diseases around the world to prevent another epidemic, and drugs in the pharmaceutical industry to make healthcare better. The global Laboratory Information Systems (LIS) market has been looked at in different parts of the world, like North America, Europe, Asia-Pacific, Latin America, the Middle East, and India. In the near future, this market will be dominated by the global region.
Regional Laboratory Information Systems (LIS) Market coverage (Regional Status, Demand Forecast, Country Trends, etc.):
- North America, Europe, China, Japan, Southeast Asia, India.
- North America (USA, Canada, and Mexico).
- Europe (Germany, France, UK, Russia and, Italy).
- Asia-Pacific (China, Japan, Korea, India and, Southeast Asia).
Key segments covered in the Laboratory Information Systems (LIS) Market include:
- Laboratory Information Systems (LIS) Market Growth Drivers and Barriers.
- Market Trends, Market Opportunities, Porter’s Five Forces Analysis.
- Market Overview, Industry Development, Market Maturity, Value Chain Analysis.
- Regional and Country Level Analysis.
- Trends and Forecasts for Market Segments.
- Market Analysis and Various Recommendations.
- Key market forces.
Report Customization:
This report will be customized to your needs for additional data up to 5 companies or 5 countries or nearly 40 analyst hours.
https://www.contrivedatuminsights.com/product-report/laboratory-information-systems-lis-market-24487Key Market Participants in the Laboratory Information Systems (LIS) Market :
Orchard Software Corporation (US), Sunquest Information Systems (US), Cerner Corporation (US), CompuGroup Medical (Germany), Computer Programs and Systems Inc. (US), Meditech (US), SCC Soft Computer (US), Epic Systems Corporation (US), Comp Pro Med (US), American Soft Solutions Corp. (US), Allscripts Healthcare Solutions, Inc. (US) and among others.
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