Global Laboratory Information System Market Research 2024, Forecast To 2033
16 Jan, 2024
The laboratory information system market has shown robust growth, climbing from $2.43 billion in 2023 to $2.63 billion in 2024, with an 8.1% CAGR. Historic growth is attributed to technological advancements, increased demand for healthcare services, data management and integration, and quality assurance and reporting. The forecast period predicts strong growth to $3.79 billion in 2028, with a 9.6% CAGR driven by digital transformation, personalized medicine, AI and machine learning, and point-of-care testing. Key trends include integration with electronic health records (EHR), cloud-based LIS, data security and privacy, and laboratory automation.
Global Laboratory Information System Market Key Driver
The growing demand for lab automation fuels the laboratory information system market. As more people undergo tests, laboratories face increased workloads. To enhance efficiency and accuracy, labs opt for automation. TriCore Reference Laboratories' automation adoption illustrates the trend, managing 80% of samples and optimizing functions. Lab automation becomes imperative to meet rising demand for accurate results.
Get A Free Sample Of The Global Laboratory Information System Market ReportGlobal Laboratory Information System Market Segments
The laboratory information system market covered in this report is segmented –
1) By Product: Standalone LIS, Integrated LIS
2) By Component: Software, Services
3) By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Other End Users
By Geography: The regions covered in the laboratory information system market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
North America was the largest region in the healthcare services market in 2023. Western Europe was the second largest region in the healthcare services market. The regions covered in the laboratory information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Laboratory Information System Industry Players
Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology Inc., SCC Soft Computer Inc., Sunquest Information Systems Inc., CompuGroup Medical AG, Computer Programs and Systems Inc., Merge Healthcare Inc., Orchard Software Corporation, Abbott Laboratories, LabWare Inc., Thermo Fisher Scientific Inc., LigoLab LLC, Clinisys Group Ltd., Labvantage Solutions Inc., Labgen LIS, Polytech LIS, Avalon GloboCare Corp, NovoPath Inc., LABTRACK LIMS, Dendi Inc., Agilent Technologies Inc., QA Studio, Cirdan Imaging Ltd., Ovation Services Private Ltd., BioData Inc., Technidata AG, Psyche Systems Corporation, Data Innovations LLC
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Laboratory Information System Market Overview
A laboratory information system (LIS) is a computer system that assists in managing many aspects of a medical laboratory, including the input, processing, and storage of information and data.
Laboratory Information System Global Market Report 2023 provides data on the global laboratory information system market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The laboratory information system market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.