Global Laboratory Information System Market Poised to Reach USD 3.46 Billion by 2030, Reveals Infinium Global Research
PUNE, India, Oct. 16, 2023 /PRNewswire/ -- Infinium Global Research, a leading name in market research, has unveiled an insightful report on the Laboratory Information System (LIS) Market. This extensive report offers an in-depth analysis of market segments and sub-segments within the global and regional LIS market. It also delves into the pivotal impact of drivers, restraints, and macro indicators on the global and regional LIS market over both the short and long term.
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Laboratory Information System (LIS) is a specialized healthcare information system designed to manage and store clinical data related to medical processes and tests conducted in clinical laboratories. These software solutions streamline the ordering of laboratory tests, track these orders, and record the results in a searchable database. LIS has traditionally played a vital role in public health institutions, managing and reporting data concerning infection status, immunology, and patient care. Healthcare professionals rely on LIS to coordinate medical testing in areas such as haematology, chemistry, immunology, and microbiology. The adoption of LIS brings numerous benefits, including reducing errors and saving time in data capture. It enhances efficiency, reduces costs, and simplifies maintenance. LIS automates report generation and offers quick access to data. It streamlines tasks and processes, reducing workload and stress. LIS systems also enable a paperless environment and ensure compliance. The rapid evolution of diagnostic and medical laboratories presents growth opportunities for LIS, particularly in the emerging LIS market.
Key Highlights:
- Steady Market Growth: The global laboratory information system market was valued at USD 2.05 billion in 2022, and it is projected to grow significantly, reaching USD 3.46 billion by 2030. The market is anticipated to experience a noteworthy Compound Annual Growth Rate (CAGR) of 5.89% during the forecast period from 2023 to 2030.
- Advantages of LIS: The implementation of LIS offers several advantages, including the reduction of transcription errors and time-saving in data capture. Enhanced efficiency, cost reduction, and ease of maintenance are driving factors for LIS adoption. It allows for the automated generation of reports, quick access to information, and offers various formats for financial, operational, inventory, and test reports. Modern LIS solutions empower laboratory owners to analyze data, identify trends, make accurate predictions, and increase revenue.
- Challenges and Opportunities: Challenges such as a shortage of skilled professionals and high software development costs pose obstacles to LIS market growth. However, the advantages of LIS, including a paperless environment and ensuring compliance, present significant opportunities for healthcare information systems.
- North America Dominates the world market: According to the report North America is expected to hold the largest share of the LIS market, driven by the widespread adoption of healthcare technologies in countries like the United States and Canada. Europe, with its focus on data management and governance, occupies the second-largest share. The Asia-Pacific region is set to experience the fastest growth, driven by the efficiency enhancement LIS brings to healthcare data management.
- Comprehensive Segmentation: The report offers an in-depth analysis of the LIS market based on application, delivery, and component. Segments include drug delivery LIS and clinical diagnostics LIS, web-based and on-premises delivery, as well as software and hardware components.
- Leading Market Players: The report features profiles of prominent companies in the market, such as Healthcare Solutions, Inc., Athenahealth, Agfa-Gevaert N.V., Oracle Cerner, Epic Systems Corporation, GE HealthCare, Medidata, MCKESSON CORPORATION, NextGen Healthcare, Inc., and Siemens Healthcare GmbH.
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Table of Contents
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Laboratory Information System Market Highlights
2.2. Laboratory Information System Market Projection
2.3. Laboratory Information System Market Regional Highlights
Chapter 3. Global Laboratory Information System Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter`s Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Application
3.4.2. IGR-Growth Matrix Analysis by Delivery
3.4.3. IGR-Growth Matrix Analysis by Component
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Laboratory Information System Market
Chapter 4. Laboratory Information System Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Laboratory Information System Market
5.2. Companies Profiles
5.2.1. Healthcare Solutions, Inc.
5.2.2. Athenahealth
5.2.3. Agfa-Gevaert N.V.
5.2.4. Oracle Cerner
5.2.5. Epic Systems Corporation
5.2.6. GE HealthCare
5.2.7. Medidata
5.2.8. MCKESSON CORPORATION
5.2.9. NextGen Healthcare, Inc.
5.2.10. Siemens Healthcare GmbH
Chapter 6. Global Laboratory Information System Market by Application
6.1. Drug Delivery Laboratory Information Systems
6.2. Clinical Diagnostics Laboratory Information Systems
Chapter 7. Global Laboratory Information System Market by Delivery
7.1. Web-based
7.2. On-premise
Chapter 8. Global Laboratory Information System Market by Component
8.1. Software
8.2. Hardware
Chapter 9. Global Laboratory Information System Market by Region 2023-2030
9.1. North America
9.1.1. North America Laboratory Information System Market by Application
9.1.2. North America Laboratory Information System Market by Delivery
9.1.3. North America Laboratory Information System Market by Component
9.1.4. North America Laboratory Information System Market by Country
9.1.4.1. The U.S. Laboratory Information System Market
9.1.4.1.1. The U.S. Laboratory Information System Market by Application
9.1.4.1.2. The U.S. Laboratory Information System Market by Delivery
9.1.4.1.3. The U.S. Laboratory Information System Market by Component
9.1.4.2. Canada Laboratory Information System Market
9.1.4.2.1. Canada Laboratory Information System Market by Application
9.1.4.2.2. Canada Laboratory Information System Market by Delivery
9.1.4.2.3. Canada Laboratory Information System Market by Component
9.1.4.3. Mexico Laboratory Information System Market
9.1.4.3.1. Mexico Laboratory Information System Market by Application
9.1.4.3.2. Mexico Laboratory Information System Market by Delivery
9.1.4.3.3. Mexico Laboratory Information System Market by Component
9.2. Europe
9.2.1. Europe Laboratory Information System Market by Application
9.2.2. Europe Laboratory Information System Market by Delivery
9.2.3. Europe Laboratory Information System Market by Component
9.2.4. Europe Laboratory Information System Market by Country
9.2.4.1. Germany Laboratory Information System Market
9.2.4.1.1. Germany Laboratory Information System Market by Application
9.2.4.1.2. Germany Laboratory Information System Market by Delivery
9.2.4.1.3. Germany Laboratory Information System Market by Component
9.2.4.2. United Kingdom Laboratory Information System Market
9.2.4.2.1. United Kingdom Laboratory Information System Market by Application
9.2.4.2.2. United Kingdom Laboratory Information System Market by Delivery
9.2.4.2.3. United Kingdom Laboratory Information System Market by Component
9.2.4.3. France Laboratory Information System Market
9.2.4.3.1. France Laboratory Information System Market by Application
9.2.4.3.2. France Laboratory Information System Market by Delivery
9.2.4.3.3. France Laboratory Information System Market by Component
9.2.4.4. Italy Laboratory Information System Market
9.2.4.4.1. Italy Laboratory Information System Market by Application
9.2.4.4.2. Italy Laboratory Information System Market by Delivery
9.2.4.4.3. Italy Laboratory Information System Market by Component
9.2.4.5. Rest of Europe Laboratory Information System Market
9.2.4.5.1. Rest of Europe Laboratory Information System Market by Application
9.2.4.5.2. Rest of Europe Laboratory Information System Market by Delivery
9.2.4.5.3. Rest of Europe Laboratory Information System Market by Component
9.3. Asia Pacific
9.3.1. Asia Pacific Laboratory Information System Market by Application
9.3.2. Asia Pacific Laboratory Information System Market by Delivery
9.3.3. Asia Pacific Laboratory Information System Market by Component
9.3.4. Asia Pacific Laboratory Information System Market by Country
9.3.4.1. China Laboratory Information System Market
9.3.4.1.1. China Laboratory Information System Market by Application
9.3.4.1.2. China Laboratory Information System Market by Delivery
9.3.4.1.3. China Laboratory Information System Market by Component
9.3.4.2. Japan Laboratory Information System Market
9.3.4.2.1. Japan Laboratory Information System Market by Application
9.3.4.2.2. Japan Laboratory Information System Market by Delivery
9.3.4.2.3. Japan Laboratory Information System Market by Component
9.3.4.3. India Laboratory Information System Market
9.3.4.3.1. India Laboratory Information System Market by Application
9.3.4.3.2. India Laboratory Information System Market by Delivery
9.3.4.3.3. India Laboratory Information System Market by Component
9.3.4.4. South Korea Laboratory Information System Market
9.3.4.4.1. South Korea Laboratory Information System Market by Application
9.3.4.4.2. South Korea Laboratory Information System Market by Delivery
9.3.4.4.3. South Korea Laboratory Information System Market by Component
9.3.4.5. Australia Laboratory Information System Market
9.3.4.5.1. Australia Laboratory Information System Market by Application
9.3.4.5.2. Australia Laboratory Information System Market by Delivery
9.3.4.5.3. Australia Laboratory Information System Market by Component
9.3.4.6. Rest of Asia-Pacific Laboratory Information System Market
9.3.4.6.1. Rest of Asia-Pacific Laboratory Information System Market by Application
9.3.4.6.2. Rest of Asia-Pacific Laboratory Information System Market by Delivery
9.3.4.6.3. Rest of Asia-Pacific Laboratory Information System Market by Component
9.4. RoW
9.4.1. RoW Laboratory Information System Market by Application
9.4.2. RoW Laboratory Information System Market by Delivery
9.4.3. RoW Laboratory Information System Market by Component
9.4.4. RoW Laboratory Information System Market by Sub-region
9.4.4.1. Latin America Laboratory Information System Market
9.4.4.1.1. Latin America Laboratory Information System Market by Application
9.4.4.1.2. Latin America Laboratory Information System Market by Delivery
9.4.4.1.3. Latin America Laboratory Information System Market by Component
9.4.4.2. Middle East Laboratory Information System Market
9.4.4.2.1. Middle East Laboratory Information System Market by Application
9.4.4.2.2. Middle East Laboratory Information System Market by Delivery
9.4.4.2.3. Middle East Laboratory Information System Market by Component
9.4.4.3. Africa Laboratory Information System Market
9.4.4.3.1. Africa Laboratory Information System Market by Application
9.4.4.3.2. Africa Laboratory Information System Market by Delivery
9.4.4.3.3. Africa Laboratory Information System Market by Component
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of laboratory information system.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
About Infinium Global Research:
Infinium Global Research is a business consulting and market research firm; a group of experts that caters to fulfilling business and market research needs of leading companies in various industry verticals and business segments. The company also serves government bodies, institutes, and non-profit/non-government organizations to meet their knowledge and information needs.
Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts are engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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