Laboratory Information System Market Size, Share, Trend And Growth Forecast To 2030 | Top Players Cerner Corporation, McKesson Corporation, Epic Corporation Inc, Medical Information Technology Inc, SCC Soft computer

The Business Research Company offers "Laboratory Information System Global Market Report 2020-30: Covid 19 Growth And Change" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global laboratory information system market is expected to decline from $1.62 billion in 2019 to $1.58 billion in 2020 at a compound annual growth rate (CAGR) of -2.42%. The decline is mainly due to the COVID-19 outbreak that has led to restrictive containment measures involving social distancing, remote working, and the closure of industries and other commercial activities. The entire supply chain has been disrupted, impacting the market negatively. The market is then expected to recover and reach $2.33 billion in 2023 at a CAGR of 13.8%.

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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.

The rising demand for lab automation is a major factor driving the growth of the laboratory information system market. A growing number of people are undergoing a series of tests, which in turn, increases the burden on the laboratories. The clinical laboratories are hiring more healthcare personnel to reduce the amount of workload on existing staff and minimize the number of errors associated with it in order to increase the efficiency and efficacy of the lab’s functioning for accurate results. According to the Bureau of Labour Statistics, around 12,000 additional clinical laboratory professionals are required every year to meet the demand, however, only half of the number is entering the field. Thus, laboratories opt for automation to ease the work. For instance, TriCore Reference Laboratories in Albuquerque, Mexico, introduced automation in its 20% of instrumentation, which performs almost 80% of the lab’s samples and displays helping the lab in managing and optimizing its functions for faster and accurate results.

Laboratory Information System Market Segmentation: -
By Product
Standalone LIS
Integrated LIS

By End User
Hospital Laboratories
Independent Laboratories
Physician Office Laboratories
Others

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Few Points From Table Of Content
1. Executive Summary
2. Laboratory Information System Market Characteristics
3. Laboratory Information System Market Size And Growth
4. Laboratory Information System Market Segmentation
5. Laboratory Information System Market Regional And Country Analysis
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25. Laboratory Information System Market Competitive Landscape And Company Profiles
26. Key Mergers And Acquisitions In The Laboratory Information System Market
27. Laboratory Information System Market Trends And Strategies
28. Laboratory Information System Market Future Outlook and Potential Analysis
29. Appendix

The report covers the trends and market dynamics of the Laboratory Information System Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Laboratory Information System Market are Cerner Corporation, McKesson Corporation, Epic Corporation Inc, Medical Information Technology Inc, SCC Soft computer, Sunquest Information Systems Inc.

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