Laboratory Information System Market size was valued at USD 2.14 Bn. in 2023 and the total Laboratory Information System (LIS) revenue is expected to grow at 9.3% from 2024 to 2030, reaching nearly USD 4 Bn.
Laboratory Information System Market Overview:
This Laboratory Information System market study looks at current and emerging industry trends and dynamics in the global Laboratory Information System market. Laboratory Information System Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Laboratory Information System market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Laboratory Information System market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Laboratory Information System market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Laboratory Information System market environment. Increased demand for Laboratory Information System is driving the market. The Laboratory Information System market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
In terms of product, the Integrated LIS category dominated the market in 2023 with the largest market share of almost 68%. By the conclusion of the projected period, this segment is anticipated to continue to dominate. Numerous important advantages like automated laboratory administration, reduced error rates, equipment and instrument integration, and increased overall efficiency may be responsible for this segment's rise. Moreover, integrated LIS does away with the requirement for manual order entry, saving time and lowering the possibility of human error. The system uses barcode technology with an interface to LIS for order tracking and input.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market's major influencing factors, as well as complete company profiles of
1. Cerner Corporation(US)
2. Dendi, Inc.(US)
3. Computer Programs and Systems Inc.(US)
4. Meditech(US)
5.SCC Soft Computer(US)
6. Epic Systems Corporation(US)
7. Computer Service and Support(US)
8. ASPYRA LLC.(US)
9. Apex Healthware(US)
10. Seacoast Laboratory Data Systems(US)
11. Pathagility(US)
12. LabVantage Solutions(US)
13. HEX Laboratory Systems(US)
14. LigoLab Information Systems(US)
15. Comp Pro Med(US)
16. American Soft Solutions Corp.(US)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Laboratory Information System market study. Data points such as downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Laboratory Information System Market:
The COVID-19 epidemic has had a significant impact on the global Laboratory Information System industry. Laboratory Information System Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Laboratory Information System market to decelerate in 2020. The negative impact of COVID-19 on the Laboratory Information System market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Laboratory Information System .
Key Questions Answered in the Laboratory Information System Market Report are:
Which segment was responsible for the largest share in the Laboratory Information System market?
How was the competitive scenario of the Laboratory Information System market in 2023?
Which are the key factors responsible for the Laboratory Information System market growth?
Which region held the maximum share in the Laboratory Information System market in 2023?