The Laboratory Information Systems (LIS) Market is estimated at US$ 2.2 Billion in 2022 and is projected to reach US$ 4.9 Billion by 2030, at a CAGR of 8.3% during the forecast period.

Laboratory Information Systems (LIS) Market Overview

The laboratory information systems market is expected to register a 9.5% CAGR and is projected to reach USD 3.8 billion over the forecast period 2022-2030. LIS helps streamline laboratory processes, shorten sample turnaround times, increase productivity, and improve turnaround times, laboratory automation and efficiency. The rise in chronic disease, growing demand for personalized medicine, development of integrated LIS, and growing cloud-based LIS could provide significant opportunities for market players. Laboratory automation has emerged as an effective solution to address laboratory staff shortages and reduce manual intervention in laboratory processes. Automating routine laboratory procedures using dedicated workstations and instrument programming software increases laboratory productivity and frees individual researchers to focus on critical tasks.

LIS is an information system-based interface that configures analytical instruments and allows users to acquire, store, manage, retrieve and record laboratory data. As medical departments around the world pay more attention to the accuracy of dealing with this disease, more and more companies are investing in the LIS industry to increase their market share in the laboratory information system industry. With the advent of cloud-based storage, the laboratory information systems market is expanding as more companies pay to maintain the industry standard set by LIS. Centralized companies that allow pharmaceutical companies to test drugs, document their effectiveness, and release them to the Ministry of Health with government approval are accelerating the market.

The Laboratory Information Systems (LIS) Market has been recently published by Contrive Datum Insights to its huge database which helps to shape the future of businesses by making well-informed business decisions. It offers a comprehensive analysis of various business aspects such as global market trends, recent technological advancements, market size, shares, and new innovations. Furthermore, this analytical data has been compiled through data exploratory techniques such as primary and secondary research. Moreover, an expert team of researchers throws light on various static as well as dynamic aspects of the global Laboratory Information Systems (LIS) market.

Some of the key players profiled in the study are:

Different leading key players have been profiled to get better insights into the businesses. It offers detailed elaboration on different top-level industries which are functioning in global regions. It includes informative data such as company overview, contact information, and some significant strategies followed by key players: Orchard Software Corporation (US), Sunquest Information Systems (US), Cerner Corporation (US), CompuGroup Medical (Germany), Computer Programs and Systems Inc. (US), Meditech (US), SCC Soft Computer (US), Epic Systems Corporation (US), Comp Pro Med (US), American Soft Solutions Corp. (US), Allscripts Healthcare Solutions, Inc. (US) and among others.

Industry Development:

• In May 2021 - Orchard Software Corporation acquired Corwen, LLC to extend the molecular testing abilities and offer comprehensive and integrated LIS solutions.
• In March 2020 - IBM Watson Health and EBSCO Information Services (EBSCO) partnered for a collaboration aiming toward the enhancement of clinical decision support and operations to assist healthcare providers. The companies had combined their respective solution – DynaMed and IBM Micromedex with Watson into a single "DynaMed and Micromedex with Watson." It will bring together drug and disease content for evidence-based insights for clinical decisions.

What are the major Applications, Types, and Regions for the Laboratory Information Systems (LIS) Market?

On the Basis of Type:

• Standalone LIS
• Integrated LIS

• On-premise LIS
• Web-based LIS
• Cloud-based LIS

• Services
• Software

On the Basis of Application:

• Clinical Diagnostic Laboratories,
• Hospitals
• Anatomical Pathology Laboratories
• Blood Banks
• Molecular Diagnostic Laboratories

Laboratory Information Systems (LIS) Market Regional Insights:

North America holds the highest position in the world with significant investments in laboratories and clinics with laboratory information systems industry standards. Europe is the second largest LIS-invested country after the United States, which has opened its market to regional and global healthcare institutions. Asia Pacific countries such as China, India, Japan, Malaysia, and Singapore have also marketed the laboratory information system industry due to population growth. Other factors influencing the laboratory information system industry market include clinical trials for chronic diseases, knowledge sharing and marketing for different diseases around the world to prevent another epidemic, and drugs in the pharmaceutical industry to provide a better healthcare system. discoveries and more.

Geographically, the global Laboratory Information Systems (LIS) market has been analyzed in various regions such as North America, Europe, Asia-Pacific, Latin America, Middle East, and India. The global region is dominating this market in the upcoming future.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Laboratory Information Systems (LIS) Market Report Scope:

Frequently Asked Questions (FAQ) about the Laboratory Information Systems (LIS) market:

What is the CAGR of the global Laboratory Information Systems (LIS) market?

The Laboratory Information Systems (LIS) Market is growing at a CAGR of 8.3% during the forecast period.

Which region would offer high growth for vendors in the Laboratory Information Systems (LIS) market?

North America holds the highest position in the world

Which Is the Most potential market segment?

By Types- Standalone LIS, Integrated LIS,

By Applications - Clinical Diagnostic Laboratories, Hospitals, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories

Which are the top industry players in the Laboratory Information Systems (LIS) market?

Orchard Software Corporation (US), Sunquest Information Systems (US), Cerner Corporation (US), CompuGroup Medical (Germany), Computer Programs and Systems Inc. (US), Meditech (US), SCC Soft Computer (US), Epic Systems Corporation (US), Comp Pro Med (US), American Soft Solutions Corp. (US), Allscripts Healthcare Solutions, Inc. (US) and among others.

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