Global Laboratory Information System Market Comprehensive Study: Forecasted Market Size And Growth Rate | Cerner Corporation, McKesson Corporation, Epic Corporation Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Laboratory Information System Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The laboratory information system market size has grown strongly in recent years. It will grow from $2.43 billion in 2023 to $2.63 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to technological advancements, growing demand for healthcare services, data management and integration, quality assurance and reporting.

The laboratory information system market size is expected to see strong growth in the next few years. It will grow to $3.79 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to digital transformation, personalized medicine, artificial intelligence (ai) and machine learning, point-of-care testing (poct). Major trends in the forecast period include integration with electronic health records (ehr), cloud-based lis, data security and privacy, laboratory automation.

Get Free Sample Of This Report-
https://www.thebusinessresearchcompany.com/sample.aspx?id=3275&type=smp

Market Segmentation:
The main product types in laboratory information systems are standalone LIS and integrated LIS. Stand-alone LISs use data models that are developed exclusively for managing laboratory data and activities, and they are fundamentally different from electronic health record (HER) data models. The different components include software, services and are used by various sectors such as hospital laboratories, independent laboratories, physician office laboratories, others.

Major Driver - Rising Demand For Lab Automation Drives The Laboratory Information System Market
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 Labor 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.

Competitive Landscape:
Major companies operating in the laboratory information system market include Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology Inc., SCC Soft Computer Inc., Sunquest Information Systems Inc., CompuGroup Medical AG, Computer Programs and Systems Inc., Merge Healthcare Inc., Orchard Software Corporation, Abbott Laboratories, LabWare Inc., Thermo Fisher Scientific Inc., LigoLab LLC, Clinisys Group Ltd., Labvantage Solutions Inc., Labgen LIS, Polytech LIS, Avalon GloboCare Corp, NovoPath Inc., LABTRACK LIMS, Dendi Inc., Agilent Technologies Inc., QA Studio, Cirdan Imaging Ltd., Ovation Services Private Ltd., BioData Inc., Technidata AG, Psyche Systems Corporation, Data Innovations LLC

Get Access To The Full Market Report -
https://www.thebusinessresearchcompany.com/report/laboratory-information-system-global-market-report

Top Trend - Rising Adoption Of Cloud-Based Laboratory Information Systems
A cloud-based laboratory information system is expected to become the leading trend in the laboratory information systems market. Cloud computing is associated with the sharing of computer resources and services including storage and servers over the internet for a reduced cost, increased speed, productivity, and security of the system in the network. The cloud system in laboratory information systems offers various advantages such as cost-efficiency, better results, and progress without space constrain. For instance, APEX laboratory information system by Apex HealthWare, LLC., Arxspan Laboratory Software? by Bruker Software Solutions, Orchard laboratory information system by Orchard Software Corporation are cloud-based systems, which improve efficiency, reduce errors, and enhance patient care. Thus, a cloud-based laboratory information system is expected to gain significant traction in the laboratory information system market.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Laboratory Information System Market Characteristics
3. Laboratory Information System Market Trends And Strategies
4. Laboratory Information System Market - Macro Economic Scenario
5. Laboratory Information System Market Size And Growth
…..
27. Laboratory Information System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-mod

About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

This release was published on openPR.