Emerging Trends to Reshape the Laboratory Information System Market: Rising Adoption Of Cloud-Based Laboratory Information Systems as a Key Influencer

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

Laboratory Information System Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of the laboratory information system has seen considerable growth in the past few years. The market is projected to expand from $2.57 billion in 2024 to $2.75 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0%. This upward trend during the historic period is due to technological progress, an increase in demand for healthcare services, improvements in data management and integration, and enhanced quality assurance and reporting.

Laboratory Information System Market Size Forecast: What's the Projected Valuation by 2029?
The market size for laboratory information systems is anticipated to experience swift expansion in the upcoming years. The projected increase is to $4.29 billion by 2029, with a compound annual growth rate (CAGR) of 11.8%. This growth during the forecast period is expected due to factors such as digital transformation, personalized medicine, artificial intelligence (ai), machine learning, and point-of-care testing (poct). Key trends to watch over the prediction interval include integration with electronic health records (ehr), cloud-based lab information systems, considerations of data security and privacy, along with laboratory automation.

View the full report here:
https://www.thebusinessresearchcompany.com/report/laboratory-information-system-global-market-report

What Are the Drivers Transforming the Laboratory Information System Market?
The growth of the laboratory information system market is significantly influenced by the escalating demand for lab automation. The need for numerous tests by an increasing number of individuals causes strain in the labs. To alleviate pressure on the existing staff, hence minimizing potential errors, and optimize lab operations for precise outcomes, clinical labs are employing more healthcare workers. Nevertheless, based on data from the Bureau of Labor Statistics, the industry needs roughly 12,000 more clinical lab professionals annually, but only half of that number is entering the profession. As a result, laboratories resort to automation as a solution to the workload. For example, TriCore Reference Laboratories situated in Albuquerque, Mexico, adopted automation for 20% of its operations, which manages about 80% of the lab's samples. This automation greatly assists in streamlining and improving lab functionalities for swift and accurate results.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3275&type=smp

What Long-Term Trends Will Define the Future of the Laboratory Information System Market?
The rising trend in the laboratory information systems market is projected to be a cloud-based laboratory information system. Cloud computing refers to the sharing of computing resources and services such as storage and servers via the internet, allowing for decreased costs, enhanced speed, improved productivity, as well as fortified security of the network system. Leveraging cloud computing in laboratory information systems brings numerous benefits including cost-effectiveness, superior results, and advancement without spatial limitations. Notable cloud-based systems like APEX laboratory information system by Apex HealthWare, LLC., Arxspan Laboratory Software? by Bruker Software Solutions, and Orchard laboratory information system by Orchard Software Corporation have been proven to facilitate efficiency, mitigate errors, and improve patient care. Therefore, the laboratory information system market is expected to see significant growth in cloud-based systems.

Which Segments in the Laboratory Information System Market Offer the Most Profit Potential?
The laboratory information system market covered in this report is segmented -

1) By Product: Standalone LIS, Integrated LIS
2) By Component: Software, Services
3) By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Other End Users

Subsegments:
1) By Standalone LIS: On-premise Standalone LIS, Cloud-based Standalone LIS
2) By Integrated LIS: Laboratory And Hospital Information System (LIS-HIS) Integration, Laboratory And Electronic Health Records (LIS-EHR) Integration

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3275&type=smp

Which Firms Dominate the Laboratory Information System Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Laboratory Information System Market?
North America was the largest region in the healthcare services market in 2023. Western Europe was the second largest region in the healthcare services market. The regions covered in the laboratory information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3275

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email: info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.