Discover trends, market shifts, and competitive outlooks for the laboratory information system industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Laboratory Information System Market Expected to Grow Between 2025 And 2029?

The market size for the laboratory information system has been on a steady rise in the past years. It is projected to increase from $2.57 billion in 2024 to $2.75 billion in 2025, marking a compound annual growth rate (CAGR) of 7.0%. The notable growth during the historical period can be credited to technological advancements, escalating demand for healthcare services, robust data management and integration, along with quality assurance and reporting.

The market size for the laboratory information system is predicted to witness a significant surge in the upcoming years, expanding to $4.29 billion in 2029 with an 11.8% compound annual growth rate (CAGR). This escalation during the forecast period is influenced by factors such as digital transformation, personalized medicine, artificial intelligence and machine learning, and point-of-care testing (POCT). Key trends anticipated in this period consist of integration with electronic health records (EHR), cloud-based LIS, a focus on data security and privacy, and laboratory automation.

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Which Primay Drivers Are Accelerating Growth in the Laboratory Information System Market?

The escalating need for laboratory automation serves as a central drive behind the expansion of the laboratory information system market. The increasing number of individuals undergoing a plethora of tests, consequently adds to the pressure and workload within laboratories. Clinical labs are consequently recruiting more healthcare staff in an effort to alleviate strain on current employees and reduce associated mistakes, thereby increasing the lab’s efficiency, functionality and accuracy. The Bureau of Labor Statistics projects a yearly requirement of about 12,000 extra clinical lab professionals, however, only half this number ventures into the field. Consequently, labs are turning towards automation to lighten the workload. For example, TriCore Reference Laboratories in Albuquerque, Mexico, have automated around 20% of its instrumentation. This accounts for almost 80% of the lab’s samples and displays, which assists in effective management and optimization of its operations for swifter and precise results.

Which Primary Segments of the Laboratory Information System Market Are Driving Growth and Industry Transformations?

The laboratory information system market covered in this report is segmented –

1) By Product: Standalone LIS, Integrated LIS

2) By Component: Software, Services

3) By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Other End Users

Subsegments:

1) By Standalone LIS: On-premise Standalone LIS, Cloud-based Standalone LIS

2) By Integrated LIS: Laboratory And Hospital Information System (LIS-HIS) Integration, Laboratory And Electronic Health Records (LIS-EHR) Integration

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Which Regions Are Key Players in the Growth of the Laboratory Information System Market?

North America was the largest region in the healthcare services market in 2023. Western Europe was the second largest region in the healthcare services market. The regions covered in the laboratory information system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Key Market Trends and Innovations Are Shaping the Future of the Laboratory Information System Industry?

The laboratory information systems market is anticipated to see a significant trend in the growth of cloud-based laboratory information systems. This burgeoning technology involves shared computing resources and services like storage and servers over the internet, thus reducing cost, enhancing speed and productivity, and bolstering system security within a network. With its capability to provide streamlined costs, improved outcomes, and expansion without physical space limitations, cloud-based systems in laboratory information systems, such as the APEX laboratory information system by Apex HealthWare, LLC., Arxspan Laboratory Software‎ by Bruker Software Solutions, and the Orchard laboratory information system by Orchard Software Corporation, are paving the way for a new level of efficiency, error reduction, and enhanced patient care. Consequently, the uptake of cloud-based laboratory information systems is projected to to have a significant influence on the laboratory information system market.

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What Parameters Are Used to Define the Laboratory Information System Market?

A laboratory information system (LIS) is a computer system that assists in managing many aspects of a medical laboratory, including the input, processing, and storage of information and data.

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