The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

North America held the largest laboratory information system market share.

The global laboratory information system market is expected to grow from $2.24 billion in 2022 to $2.42 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The global laboratory information system market size is expected to grow to $3.41 billion in 2027 at a CAGR of 8.9%.

Major Driver In The Laboratory Information System Market ­– Rise In Demand For Lab Automation
According to the Bureau of Labour Statistics, an additional 12,000 clinical laboratory experts are needed each year to meet demand, but only half of that number is entering the sector. As a result, laboratories turn to automation to make their jobs easier. TriCore Reference Laboratories in Albuquerque, Mexico, for example, implemented automation in 20% of its instrumentation, which performs over 80% of the lab’s samples and displays, assisting the lab in managing and optimising its activities for faster and more accurate results.

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Key Laboratory Information System Market Segments
1) By Product: Standalone LIS, Integrated LIS
2) By End User: Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Other End Users
3) By Component: Software, Services

Recent Laboratory Information System Market Trend – Adopting Cloud-Based Laboratory Information System
Cloud computing refers to the sharing of computer resources and services, such as storage and servers, over the internet in order to minimise costs, boost system performance, productivity, and security. The cloud system in laboratory information systems provides numerous benefits such as cost-efficiency, improved outcomes, and progress without regard to space constraints. For example, Apex HealthWare, LLC.’s APEX laboratory information system, Bruker Software Solutions’ Arxspan Laboratory Software?, and Orchard Software Corporation’s Orchard laboratory information system are cloud-based solutions that improve efficiency, minimise errors, and improve patient care. As a result, in the laboratory information system market, a cloud-based laboratory information system is likely to gain substantial traction.

Laboratory Information System Market Prominent Players
Major players in the laboratory information system market are Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology Inc., SCC Soft Computer, Sunquest Information Systems Inc., CompuGroup Medical AG, Computer Programs and Systems Inc., Merge Healthcare Inc., and Orchard Software Corporation.

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The Laboratory Information System Global Market Report 2023  provides a comprehensive overview on the laboratory information system market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the laboratory information system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

A laboratory information system (LIS) is a computer system that aids in the management of various areas of a medical laboratory, such as information and data intake, processing, and storage.

View More Related Reports –
Information Technology Global Market Report 2023
Laboratory Automation Systems Global Market Report 2023
Laboratory Centrifuge Global Market Report 2023

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