Laboratory Information Systems Market Share, Trends, Analysis and Forecast 2023-2029

The global LIS market is anticipated to grow at a considerable CAGR of 5.7% during the forecast period. The rapid developments in laboratory software systems and the introduction of new technologies to improve the laboratory management system are the key factors propelling the growth of this market. New LIS is come up with better advancement incorporated with some additional features that provide a systematic approach towards data security and management for the healthcare sector. Key market players of the LIS market are introducing new systems in the market. For instance, in March 2020, Agilent Technologies Inc. had recently developed a new system which is Agilent K6460S LC/MS for clinical diagnostic labs. Agilent's new K6460S is designed to reduce training time and increase productivity by limiting the steps from submission to reporting compared to other LC/MS products. The new system provides accurate diagnostic results during lab testing. Agilent is one of the leading providers of services and products for life science. Agilent's new systems would help to expand their product portfolio and will able to provide better services to the health sector, which leads to the growth of the LIS market.

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Moreover, in August 10, 2020, HORIZON LIMS had launched version 13 for its laboratory information management system which includes oracle 19c technology along with some new features such as streamlined report delivery, internationalization, and database archiving. The new upgraded version has the power to perform in a better way with the enhancement of document security. With this new technology launch, the company can offer better services to healthcare IT which will further increase the company's revenue in the market. Considering these types of technology advancement can be expected to trigger the growth of the LIS Market.

Market Coverage

• The market number available for - 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered- By Product, By Deployment, By Components, By End-User
• Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
• Competitive Landscape- Cerner Corp., Dassault Systèmes, Mckesson Corp., Orchard Software Corp., Sysmex Europe GmbH, Thermo Fisher Scientific Inc., SSC Soft Computer, and Others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global LIS Market Report Segment

By Product

• Standalone LIS
• Integrated LIS

By Deployment

• On-premise
• Cloud-Based

By Components

• Software & Services
• Hardware

By End-User

• Physician Laboratories
• Hospital Laboratories
• Research Laboratories

A full report of Laboratory Information Systems Market is available at: https://www.omrglobal.com/industry-reports/laboratory-information-system-market

Laboratory Information Systems Market- Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

Company Profiles

• Abbott Laboratories
• Allscripts Healthcare, LLC
• Agilent Technologies, Inc
• Autoscribe Informatics Inc.
• Cerner Corp.
• Compu Group Medical
• Dassault Systèmes SE
• Epic Systems Corp.
• General electric Co.
• HORIZON LIMS.
• Illumina, Inc
• LabLynx, Inc.

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