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.
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This extensive Laboratory Information Systems (LIS) Market report has been meticulously crafted to precisely address your business's strategic requirements. Employing robust methodologies like SWOT analysis and Porter’s Five Forces, it offers a comprehensive insight into the ABC industry landscape. Delving deeply into market dynamics, recent developments, and pivotal strategies of key industry players, the report provides invaluable insights for actionable decision-making.
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.
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Key Growth 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.
The report emphasizes the participation of key entities, notably:
The countries covered in the laboratory information systems (LIS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore,
Report Scope:
Analysis of market trends influencing the beverage stabilizers market's growth.
Examination of trends within key regional and country-level markets based on type, function, and application.
Providing a comprehensive overview of the Hemp-based Foods Market.
Evaluation of historical, current, and projected market sizes in terms of volume and value.
Offering a neutral perspective on market performance.
Essential information for market players seeking to maintain and expand their market presence.
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Key players:
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.)
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