Laboratory Information Systems Market Top Key Players Review 2022 | Cerner Corporation, Recent Developments, Eclipsys Corporation, Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific

Laboratory Information Systems Market 2022
The global laboratory information systems (LIS) is set to surge at CAGR of 7.3% during the forecast period (2016-2027), predicts Market Research Future (MRFR). There are several practice applications of an LIS that improve the day-to-day operations of a medical laboratory, along with prevention of medical errors. A busy medical laboratory having many patients on a regular basis encounter difficulty in keeping all the patients’ information organized. Thus, an LIS system comes in handy, as it helps keep all this information organized, which is vitally important for a medical lab to run smoothly. Apart from this, rising integration of LIS and Electronic Health Record (EHR) and demand for quality and precision diagnosis are majorly supplementing the market growth globally. Moreover, increasing penetration of mobile applications in healthcare solutions coupled with growing popularity of cloud-based laboratory information system testifies for the market progress that has taken place in the past few years.

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Key Players

The key players in the global LIS market include Cerner Corporation, Recent Developments, Eclipsys Corporation, Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc., LabVantage Solutions Inc., LabWare Inc., McKesson Corporation, Medical Information Technology Inc., and others.

Segmental Analysis

The global laboratory information systems (LIS) market has been segmented into application, components, and delivery.

Based on application, the global market has been segmented into clinical, drug discovery, and industrial.

Based on components, the global market has been segmented into software, hardware, and services.

Based on delivery, the global market is divided into on-premise based and cloud-based.

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Regional Analysis:

The global laboratory information systems (LIS) market, based on region, is segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.

The Americas is likely to dominate the global laboratory information systems (LIS) market owing to the increasing adoption of healthcare IT software and subsidies and incentives from the government. It is expected to reach USD 20,757.12 million by 2025 with a CAGR of 7.1% from 2019 to 2025 owing to many key players and technologically advanced healthcare infrastructure in this region. Other factors influencing regional market growth are web-based information systems, cloud computing, and modernized healthcare infrastructure.

Europe is the second-largest market for LIS owing to increasing incidence of diseases and growing awareness about novel technologies to assist in laboratory functions. Support from government agencies owing to the ability of the software to expedite normal processes can bode well for the global laboratory information systems market. Massive demand for genomics and metabolomics can propel the market growth.

Asia-Pacific is predicted to be the fastest-growing market during the forecast period. This can be attributed to the presence of growing economies of India and China. Efforts to modernize healthcare infrastructure and presence of contract research organizations for undertaking drug development projects can work in favor of the market.

The Middle East & Africa has the least market share, due to the presence of middle-income countries, lack of healthcare awareness, and lack of advanced technology. The UAE and Saudi Arabia are major contributors to the region.
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