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 Scope:
Using both primary and secondary research approaches, we researched the Laboratory Information System Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.
Laboratory Information System Market Overview:
The market research study analyses and assesses the market's position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.
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Segmentation:
By Product
1. Standalone LIS
2. Integrated LIS
In 2022, the Integrated LIS segment dominated the market with a market share of over 68%. At the end of the projected period, this segment is expected to maintain its dominance. This segment's expansion might be attributed to a variety of essential benefits, including automated laboratory administration, reduced error risk, instrument and equipment integration, and increased overall efficiency. Furthermore, integrated LIS eliminates the need for manual order entry, lowering the risk of human error and saving time. The system uses barcode technology with an interface to LIS for order input and tracking.
By Delivery Mode
1. On-premise
2. Cloud-based
The On-Premise category dominated the market in 2022, and it is predicted to increase at a CAGR of 9% during the forecast period. On-premise software necessitates the purchase of a software licence by laboratories. Because this licenced copy remains within the laboratory, it offers significantly greater data protection than Cloud-based distribution. This is crucial since the patient data stored is very sensitive and legally protected.
- Laboratory Information System Market: Research Methodology
- Laboratory Information System Market: Executive Summary
- Market Overview and Definitions
- Introduction to Laboratory Information System Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Laboratory Information System Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- MA by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Laboratory Information System Market Segmentation
- Laboratory Information System Market, by Component (2021-2029)
- Laboratory Information System Market, by Product (2021-2029)
- Laboratory Information System Market, by Delivery Mode (2021-2029)
- Laboratory Information System Market, by End-User (2021-2029)
- Laboratory Information System Market(2021-2029)
- Laboratory Information System Market, by Type (2021-2029)
- Laboratory Information System Market, by Product (2021-2029)
- Laboratory Information System Market, by Application (2021-2029)
- Laboratory Information System Market, by End-User (2021-2029)
- Laboratory Information System Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
Key Players:
The report also focuses on the global main industry players in the Laboratory Information System Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent Laboratory Information System market businesses and ranks them in the market. The following players are featured in this report:
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 Laboratory Information System market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.
COVID-19 Impact Analysis on Laboratory Information System Market:
The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.
Key Questions Answered in the Laboratory Information System Market Report are:
- What are some of the promising growth opportunities in the global Laboratory Information System market by product type and Region?
- Which Laboratory Information System market segments will grow the fastest, and why?
- Which regions will develop quicker?
- What are the elements influencing Laboratory Information System market?
- What are the Laboratory Information System market's business risks?
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