Laboratory information systems market is expected to register 9.5% CAGR and is anticipated to reach USD 3.8 Billion during the forecast period 2022-2030.
The use of LIS speeds up turnaround times, improves lab automation, and increases productivity by streamlining the lab process. Players in the market may find considerable potential as a result of the rise in chronic diseases, rising demand for personalised medicine, the development of integrated LIS, and the expanding cloud-based LIS. Automation of the lab process has shown to be a successful strategy for dealing with the shortage of lab personnel and minimising manual involvement. Utilizing specialised workstations and instrument programming software to automate common experimental procedures boosts laboratory efficiency and frees up individual researchers to concentrate on important tasks.
The key driver of the market’s expansion is the growing need for laboratory automation. A optimistic perspective on the market’s growth is also being imposed by the rising prevalence of chronic conditions like diabetes, obesity, hypertension, and others as well as the expanding adaptation to improve the efficiency of the lab. Another factor boosting the market’s expansion is the creation of integrated laboratory information systems as a result of technological innovation. The market’s expansion is anticipated to be constrained by the high cost of maintenance and services.
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Global Laboratory Information System Market: Major Players
- Comp Pro Med, Inc.
- SCC Soft Computer
- Common Cents Systems, Inc.
- Computer Programs and Systems, Inc.
- Orchard Software Corporation
- Meditech
- LabHealth
- Sunquest Information Systems Inc.
- Epic Systems Corporation
- American Soft Solutions Corp.
- Schuyler House
- LabWare, Inc.
- XIFIN, Inc.
- Cerner Corporation
- LigoLab LLC
- Allscripts Healthcare Solutions, Inc.
Global Laboratory Information System Market: Types
- On-Premise Based
- Cloud-Based
Global Laboratory Information System Market: Applications
- Clinical
- Drug Discovery
- Industrial
Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Laboratory Information System market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
Key Indicators Analysed
Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
Opportunities and Drivers: Identifying the Growing Demands and New Technology
Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry
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Frequently Asked Questions About This Report
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