Laboratory Information System Market size was valued at USD 1.80 Bn. in 2021 and the total Laboratory Information System (LIS) revenue is expected to grow at 9.3% from 2022 to 2029, reaching nearly USD 3.67 Bn.
Market Overview :
The Laboratory Information System market report includes an overview, definition, and structure and focuses on microelements that influence markets such as gross margin, cost, market share, capacity, utilization, and supply.
This helps to recognize the drivers, restraints, opportunities, and challenges to new entrants for making strategies for the future and also helps make firm decisions for investors.
Development in technology and industrial growth in the Laboratory Information System market is also expected to drive the growth of the market within the forecast period.
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Market Scope
The report has a microanalysis of specific key drivers and restraints of the Laboratory Information System market which gives a long-term effect on the opportunities and challenges.
The report consists of quantitative and qualitative data analysis using easy-to-understand language, quantitative graphs, and accurate illustrations.
The Laboratory Information System market report consists of comprehensive data analysis using primary and secondary data collection, primary data collection includes telephonic interviews, and ground-level surveys to understand the market in-depth and secondary data includes the annual reports, financial reports of key players, government websites which play a crucial role for the market.
The report has micro-scale analysis done by conducting analysis such as SWOT to get an analysis of strategic planning and strategic management also PESTLE analysis plays a key role in Laboratory Information System market report, PESTLE analysis is used to understand the insides of technological, social, legal, environmental, economical, and the political impact on the market.
The report also covers the current market trends and forecasts for the upcoming years.
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Segmentation :
By product, the Integrated LIS category dominated the market in 2021 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.
By delivery mode, the On-Premise category held the largest market share in 2021 and is anticipated to expand at a CAGR of 9% during the following five years. Laboratories need a software licence in order to use on-premise software. This licenced copy can offer significantly higher data security than Cloud-based dissemination because it stays inside the lab. Given the sensitivity and legal protection of the patient data that is being held, this is crucial. An on-premise system needs onsite server infrastructure, software licences, integration skills, and IT staff to function effectively. However, a third-party host would offer the services in the Cloud.
By delivery mode, the On-Premise category held the largest market share in 2021 and is anticipated to expand at a CAGR of 9% during the following five years. Laboratories need a software licence in order to use on-premise software. This licenced copy can offer significantly higher data security than Cloud-based dissemination because it stays inside the lab. Given the sensitivity and legal protection of the patient data that is being held, this is crucial. An on-premise system needs onsite server infrastructure, software licences, integration skills, and IT staff to function effectively. However, a third-party host would offer the services in the Cloud.
Key Players :
- • Cerner Corporation(US)
- • Dendi, Inc.(US)
- • Computer Programs and Systems Inc.(US)
- • Meditech(US)
- •SCC Soft Computer(US)
- • Epic Systems Corporation(US)
- • Computer Service and Support(US)
- • ASPYRA LLC.(US)
- • Apex Healthware(US)
- • Seacoast Laboratory Data Systems(US)
- • Pathagility(US)
- • LabVantage Solutions(US)
- • HEX Laboratory Systems(US)
- • LigoLab Information Systems(US)
- • Comp Pro Med(US)
- • American Soft Solutions Corp.(US)
- • Allscripts Healthcare Solutions, Inc.(US)
- • WebPathLab(US)
- • XIFIN(US)
- • CompuGroup Medical(Germany)
- • Alphasoft GmbH(Germany)
- • Clinsis( Australia)
- • TECHNIDATA (UK)
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Regional Analysis
The reports also focus on the in-depth industry analysis on a regional level, this analysis helps in planning strategies region-wise.
Regional analysis is important to understand the regional dominance of the market over the global market.
Within the forecast period of the Laboratory Information System market, it is important to understand the dominating region's analysis, which helps investors to invest and also to understand the impact on the global CAGR of the market which helps to grow regional market trends, constraints, and growth potential.
Some regions are expected to have the second dominant place in the industry and market share.
Key Questions answered in the Laboratory Information System Market Report are:
- What is Laboratory Information System Market?
- What is the forecast period of the Laboratory Information System Market?
- What is the competitive scenario of the Laboratory Information System market?
- Which region held the largest market share in the Laboratory Information System Market?
- What are the opportunities for the Laboratory Information System Market?
- What factors are affecting the Laboratory Information System market growth?
- Who are the key players of the Laboratory Information System market?
- Which company held the largest share in the Laboratory Information System market?
- What will be the CAGR of the Laboratory Information System market during the forecast period?
- What key trends are likely to emerge in the Laboratory Information System market in the coming years?
Key offerings:
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Laboratory Information System Market
- Landscape- Leading key players and other prominent key players.
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