Global Laboratory Information System Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends

8 Dec, 2021

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The laboratory information system market consists of revenue generated by the companies offering laboratory information system software products and related services. A laboratory information system is a software or database that helps in efficient managing of a clinical laboratory for storing, processing, and tracking of data, which used by the hospitals, laboratories, physician offices and clinics for optimizing their workflow.

Global Laboratory Information System Market Size And Drivers:

The global laboratory information system market is expected to grow from $1.59 billion in 2020 to $1.72 billion in 2021 at a compound annual growth rate (CAGR) of 8.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The laboratory information system market is expected to reach $2.88 billion in 2025 at a CAGR of 14%. The rising demand for lab automation is a major factor driving the growth of the laboratory information system market.

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Trends In The Global Laboratory Information System Market

A cloud-based laboratory information system is expected to become the leading trend in the laboratory information systems market. Cloud computing is associated with the sharing of computer resources and services including storage and servers over the internet for a reduced cost, increased speed, productivity, and security of the system in the network. The cloud system in laboratory information systems offers various advantages such as cost-efficiency, better results, and progress without space constrain. For instance, APEX laboratory information system by Apex HealthWare, LLC, Arxspan Laboratory Software by Bruker Software Solutions, Orchard laboratory information system by Orchard Software Corporation are cloud-based systems, which improve efficiency, reduces errors, and enhance patient care. Thus, a cloud-based laboratory information system is expected to gain significant traction in the laboratory information system market.

Global Laboratory Information System Market Segments:
The global laboratory information system market is further segmented –
By Product: Standalone LIS, Integrated LIS
By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Others
By Component: Software, Services
By Geography: The global LIS market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Laboratory Information System Market At:

https://www.thebusinessresearchcompany.com/report/laboratory-information-system-global-market-report-2020-30-covid-19-growth-and-change

Laboratory Information System Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides laboratory information system market overviews, analyzes and forecasts market size and growth for the global laboratory information system market, laboratory information system market share, laboratory information system market players, laboratory information system market segments and geographies, laboratory information system market’s leading competitors’ revenues, profiles and market shares. The laboratory information system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.