Laboratory Information Systems (LIS) Market CAGR 8.50% by 2030, Demand, Future Growth, Challenges and Competitive Analysis

The large scale  Laboratory Information Systems (LIS) Market research report is extensive as well as object-oriented which has been formulated with the nice combination of an admirable industry experience, talent solutions, industry insight and most modern tools and technology. The report has been produced by taking into account the market type, size of the organization, accessibility on-premises and the end-users' organization type, and availability at global level in areas such as North America, South America, Europe, Asia-Pacific, Middle East and Africa. The credible Laboratory Information Systems (LIS) Market report gives precise information about market trends, industrial changes, and consumer behaviour etc.

The laboratory information system market COVID-19 pandemic had shown some unexpected results. A study published in the Journal of the American Medical Informatics Association in August 2020 revealed that the implementation of laboratory information systems has enabled the Belgium national reference testing center to carry out over 25,000 COVID PCR tests in parallel to standard routine testing. Companies have responded by launching laboratory informatics specifically designed for COVID-19 testing. For instance, LabVantage's COVID-19 LIMS is a powerful, adaptable, and user-friendly system that can be easily modified to meet the increasing demand for diagnostic testing in PHLs and can also handle workflows for other types of testing.

Data Bridge Market Research analyses that the laboratory information systems (LIS) market, which was USD 2.01 billion in 2022, is expected to reach USD 3.86 billion by 2030, at a CAGR of 8.50% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Visit full Study Report @ https://www.databridgemarketresearch.com/reports/laboratory-information-systems-lis-market

The laboratory information system (LIS) is a software system used to manage, record, and store data for clinical laboratories. This system streamlines the process of sending lab test orders to lab instruments and tracks and records results in a searchable database. It is widely used in hospitals, clinics, independent laboratories, and other healthcare facilities for data monitoring and management, data quality tracking, security, and end-user billing.

Some of the major players operating in the laboratory information systems (LIS) market are:

Thermo Fisher Scientific Inc. (U.S.)
PerkinElmer Inc. (U.S.)
Autoscribe Informatics (U.S.)
Novatek International (Russia)
Benchling (U.S.)
Agaram Technologies Pvt Ltd (India)
Agilent Technologies, Inc. (U.S.)
LabWare (U.S.)
STARLIMS Corporation (U.S.)
IBM Corporation (U.S.)
Roper Technologies, Inc (U.S.)
Eusoft Ltd. (China)
Illumina, Inc. (U.S.)
McKesson Corporation (U.S.)
Infors AG (U.S.)
Siemens (Germany)
Zoho Corporation Pvt. Ltd. (India)
LabVantage Solutions Inc (U.S.)
Shimadzu Corporation (Japan)

Laboratory Information Systems (LIS) Market Dynamics

Drivers

Growing demand for laboratory automation will drive the market growth

The laboratory information system (LIS) market is experiencing growth due to the increasing demand for lab automation and advancements in R&D labs, particularly in pharmaceutical and biotechnological labs. Moreover, the high precision and efficiency outcomes of laboratory informatics products are also contributing to the market's expansion. Astrix Technologies LLC, a professional healthcare IT service provider, conducted a survey in 2020, which revealed that 61% of Laboratory Information Management System (LIMS) users benefited from the elimination of manual operations, 57% improved their sample management approach, and 46% observed a substantial increase in productivity within their laboratory environment.

Growing technological advancements associated with laboratory informatics is bolstering the market growth

The laboratory informatics market has seen a surge in growth due to technological advancements that have allowed healthcare providers and scientists to prepare samples and perform diagnoses with greater precision, accuracy, and a reduced risk of errors. An example of this is LabVantage Solutions, Inc., a leading provider of laboratory informatics solutions and services, which launched LabVantage Analytics in March 2021. This software solution includes purpose-built LIS solutions that enable laboratories to launch faster and at a lower overall cost.

Recent Developments

In 2022, Roche Diagnostics China partnered with Sanomede Medical Technology Co., Ltd. to release RS600 Lab Automation Software in the Chinese market in February.
In 2022, Biosero, Inc., a subsidiary of BICO, introduced new products and features to its Green Button Go software suite, which provides customers with advanced capabilities to optimize their automated laboratory systems, streamline processes, and achieve better results.

Global Laboratory Information Systems (LIS) Market Scope

The laboratory information systems (LIS) market is segmented on the basis of product, type, components, delivery mode, and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

Standalone
Integrated

Type

Clinical
Anatomical

Components

Services
Software

Delivery Mode

Cloud-Based
On-Premises

End User

Hospitals
Clinics
Anatomical Pathology Laboratories
Blood Banks
Molecular Diagnostic Laboratories
Others

Some of the Most Important Questions Scrutinized in the Business Intelligence Report:

What are the key growth parameters for this global market during the forecast period?
Which key players are expected to hold the largest market share over the forecast period?
Who are the leading vendors and manufacturers in this  Laboratory Information Systems (LIS) Market ?
What are the key strategies adopted by leading players in the market for business development and geographical expansion?
Which end-use industries can trigger high demand in the market over the forecast period?
What are the key segments in this market?
Which regional player will have anticipated leading the global market in terms of size?
What is the impact of the novel coronavirus pandemic?
Which obstacles must new players overcome in order to occupy a major position?

Browse More Reports

https://markettreports.blogspot.com/2023/09/europe-laboratory-information-system.html

https://markettreports.blogspot.com/2023/09/north-america-respiratory-care-devices.html 

https://markettreports.blogspot.com/2023/09/cachexia-treatment-market-trends.html

https://markettreports.blogspot.com/2023/09/mycoplasma-testing-market-size-share.html

About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.

Contact Us:
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: - corporatesales@databridgemarketresearch.com

This release was published on openPR.