Laboratory Information Systems (LIS) Market worth $2.4 billion by 2026 - Size, Industry Trends, Key Players and Forecast
Browse in-depth TOC on "Laboratory Information Systems (LIS) Market"
31 – Figures
231 – Pages
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232312738
The Growth in this Laboratory Information Systems Market can be primarily attributed to the need for laboratory automation, development of integrated laboratory information systems, need to comply with regulatory requirements, rising prevalence of chronic diseases, and growing adoption of LIS to enhance lab efficiency.
Laboratory information systems (LIS) help streamline laboratory processes to decrease specimen handling time, increase productivity, and improve turnaround time.
The COVID-19 pandemic has had a significant impact on the world's population and economy. As a result of the pandemic, healthcare facilities face immense pressure to create a well-coordinated environment where all clinical functions are connected internally, and the organization operates in coordination with other healthcare units. The novel coronavirus pandemic has exerted enormous strain on the functioning of healthcare and life sciences industries. Research laboratories focused on developing treatments or vaccines for COVID-19 need an effective end-to-end solution to improve the quality, productivity, and rapidity of the vaccine manufacturing process. This is likely to increase the uptake of informatics solutions, such as LIS.
Standalone LIS to register the highest growth in the LIS product market
Based on product, the LIS market is segmented into standalone LIS and integrated LIS. In standalone software, service providers maintain and upgrade the software, while integrated software is used mainly as an application by end users. The standalone LIS segment is expected to account for the largest share of 59.4% of the laboratory information systems market in 2021. Standalone LIS can work offline and is user-friendly compared to the integrated LIS. Standalone LIS has data models tailored specifically to manage laboratory operations and data, which differ fundamentally from EHRs, HISs, or other information systems.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=232312738
On-premise LIS to hold the largest segment of the LIS market
Based on the delivery mode, the market is segmented into on-premise and cloud-based LIS. The on-premise LIS segment is expected to account for the largest share of 69.7% of the laboratory information systems market in 2021. On-premise delivery allows end users to use solutions from multiple vendors, which enables customizations as per end user requirements. While on-premise solutions hold the larger share of this market, a growing number of healthcare providers are opting for cloud-based LIS due to its advantages, such as cost-effectiveness and ease of use.
North American laboratory information systems market to dominate the market during the forecast period
North America dominated the laboratory information systems market in 2020 and is expected to grow at an 8.7% CAGR during the forecast period. The large share of the North American market can be attributed to the increasing cancer prevalence, favorable reimbursement policies, and favorable initiatives by regional governments. The developed infrastructure and growth in demand for digitalized technologies across North America are driving the implementation of different analytical solutions among industries.
Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=232312738
Some of the prominent players operating in the laboratory information systems market are Orchard Software Corporation (US), Sunquest Information Systems (US), Cerner Corporation (US), CompuGroup Medical (Germany), Computer Programs and Systems Inc. (US), Meditech (US), SCC Soft Computer (US), Epic Systems Corporation (US), Comp Pro Med (US), American Soft Solutions Corp. (US), Allscripts Healthcare Solutions, Inc. (US), WebPathLab (US), XIFIN (US), Clinsis (Nicaragua), Computer Service and Support (CSSLIS) (US), ASPYRA LLC (US), Apex Healthware (US), Pathagility (US), LabVantage Solutions (US), HEX Laboratory Systems (US), LigoLab Information Systems (US), TECHNIDATA (France), Seacoast Laboratory Data Systems (US), Alphasoft GmbH (Germany) and Dendi, Inc. (US), among others.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Laboratory Information Systems (LIS) Market worth $2.4 billion by 2026 - Size, Industry Trends, Key Players and Forecast here
News-ID: 2434632 • Views: 162
More Releases from MarketsandMarkets
TPE Market worth $26.3 billion by 2026 | Key players Arkema S.A, Asahi Kasei Cor …
According to recent market research "TPE Market by Type (SBC, TPU, TPO, TPV, COPE, PEBA), End Use Industry (Automotive, Building&Construction, Footwear, Wire&Cable, Medical, Engineering), Region (North America, Europe, APAC, South America, MEA) - Global Forecast to 2026", The global thermoplastic elastomers market size is estimated to be USD 19.9 billion in 2021 and is projected to reach USD 26.3 billion by 2026, at a CAGR of 5.7% between 2021 and
Healthcare Adhesive Tapes Market | Key players operating in the market include 3 …
According to recent market research "Healthcare Adhesive Tapes Market by Resin (Acrylic, Rubber, Silicone), Backing Material (Paper, Fabric, Plastic), Application (Surgery, Hygiene, Wound Dressing, Secure Iv Lines, Ostomy Seal, Splint, Bandages, Diagnostic), and Region - Forecast to 2023", The healthcare adhesive tapes market is projected to grow from USD 27.2 billion in 2018 to USD 37.3 billion by 2023, at a CAGR of 6.51% during the forecast period. The major
Airborne Countermeasure Systems Market worth $14.9 billion by 2026
According to a research report "Airborne Countermeasure System Market by Application (Jammers, Missile Defence, and Counter Countermeasure), Platform (Military Aircraft, Military Helicopters, and Unmanned systems), Product and Region - Global Forecast to 2026" published by MarketsandMarkets, the Airborne Countermeasure Systems market is projected to grow from an estimated USD 11.6 billion in 2021 to USD 14.9 billion by 2026, at a CAGR of 5.2% in terms of value during the
Automatic Weapons Market to Witness the Highest Growth in APAC Region
According to the new market research report "Automatic Weapons Market by Product (Automatic Rifle, Machine Gun, Automatic launchers, Automatic Cannon, Gatling Gun), End Use (Land, Airborne, Naval, Handheld & Stationary), Caliber (Small, Medium, Large), Type, and Region - Global Forecast to 2023", The automatic weapons market is projected to grow from USD 6.0 billion to USD 8.7 billion by 2023, at a CAGR of 7.82% from 2018 to 2023. This
More Releases for LIS
Laboratory Information Systems Market Latest Technologies, Trends, Growth Opport …
Laboratory information system (LIS) Market is a comprehensive information system developed and configured to process, store and manage information pertaining to industrial and medical-related laboratories which include clinical and analytical laboratories. LIS plays an important role in streamlining the process and generating high quality data to support effective clinical decisions. The LIS provides information that helps hospitals in the diagnosis, prevention, management and treatment of diseases, and acts an indicator for
Laboratory Information System (LIS) Market Technological Development 2018 to 202 …
Global Laboratory Information System (LIS) Market Size, Status and Forecast 2018-2025 The report provides a unique tool for evaluating the Market, highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date Marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on Markets and materials, capacities and technologies,
Laboratory Information System Market Research, Global Industry Analysis and Appl …
According to Research for Markets, the Global Laboratory Information System market is expected to grow from $1.37 billion in 2016 to reach $2.65 billion by 2023 with a CAGR of 9.8%. Rising prevalence of chronic diseases, growing need for integrated healthcare information systems, increasing government initiatives and investments by healthcare IT players are some of the key factors propelling the market growth. However, high maintenance and service expenses and lack
Global Laboratory Information Systems (LIS) Market Research Report 2017
Global Laboratory Information Systems (LIS) market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Cerner Corp CompuGroup Medical Evident McKesson LabWare Medical Information Technology SCC Soft Computer Sunquest Information Systems Inc Epic Systems Corporation On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into Cloud Based On-Premises On the basis on the end users/applications, this report focuses on the
Research Report Covers Global Laboratory Information System (LIS) Market 2021
Qyresearchreports include new market research report "Global Laboratory Information System (LIS) Market Research Report 2021" to its huge collection of research reports. The report on global Laboratory Information System (LIS) industry is a comprehensive study of the market dynamics, which is expected to have a lasting impact on the market from 2016 to 2021. It gives a detailed introduction of the global Laboratory Information System (LIS) industry, its past status, and
South Florida Lis Penden Filings Show Market Still Conflicted
South Florida's real estate market, decimated by the on-going real estate crisis, continues to show mixed results based on the latest pre foreclosure filing data compiled by Default Research, Inc. The numbers show that in the 3rd quarter of 2011, Broward County, FL saw Lis Pendens filings decline by a robust 24% compared to the second quarter of this year, while Miami-Dade and Palm Beach Counties saw modest increases in