The global market for Laboratory Information Systems (LIS) is estimated at US$2.0 Billion in 2023 and is projected to reach US$3.6 Billion by 2030, growing at a CAGR of 9.0% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the Laboratory Information System market is driven by several factors, including the increasing demand for automated and streamlined laboratory operations, the rising adoption of EHRs, and the growing need for accurate and timely diagnostic testing. As healthcare providers strive to enhance patient care and operational efficiency, the implementation of LIS becomes essential. Technological advancements, such as AI and cloud computing, are also driving market growth by offering more sophisticated and scalable LIS solutions. Furthermore, the rising prevalence of chronic diseases and the increasing volume of diagnostic tests necessitate efficient laboratory management systems. Regulatory requirements for data accuracy and patient safety are compelling laboratories to adopt advanced LIS solutions to ensure compliance and improve service quality. Additionally, the growing emphasis on personalized medicine and the need for precise and rapid test results are further propelling the demand for LIS. As these trends continue, the LIS market is expected to experience robust growth, driven by the ongoing need for enhanced laboratory efficiency, accuracy, and integration within the healthcare ecosystem.
The growth in the Laboratory Information System market is driven by several factors, including the increasing demand for automated and streamlined laboratory operations, the rising adoption of EHRs, and the growing need for accurate and timely diagnostic testing. As healthcare providers strive to enhance patient care and operational efficiency, the implementation of LIS becomes essential. Technological advancements, such as AI and cloud computing, are also driving market growth by offering more sophisticated and scalable LIS solutions. Furthermore, the rising prevalence of chronic diseases and the increasing volume of diagnostic tests necessitate efficient laboratory management systems. Regulatory requirements for data accuracy and patient safety are compelling laboratories to adopt advanced LIS solutions to ensure compliance and improve service quality. Additionally, the growing emphasis on personalized medicine and the need for precise and rapid test results are further propelling the demand for LIS. As these trends continue, the LIS market is expected to experience robust growth, driven by the ongoing need for enhanced laboratory efficiency, accuracy, and integration within the healthcare ecosystem.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Standalone LIS segment, which is expected to reach US$1.6 Billion by 2030 with a CAGR of a 6.4%. The Integrated LIS segment is also set to grow at 11.5% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.0 Billion in 2023, and China, forecasted to grow at an impressive 11.7% CAGR to reach $236.3 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Laboratory Information Systems (LIS) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Laboratory Information Systems (LIS) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Laboratory Information Systems (LIS) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Agilent Technologies, Inc., Accenture PLC, Allscripts Healthcare Solutions, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 254 Featured):
- Agilent Technologies, Inc.
- Accenture PLC
- Allscripts Healthcare Solutions, Inc.
- 3M Health Information Systems
- A&T Corporation
- 3DHISTECH Ltd.
- Accelerated Technology Laboratories, Inc.
- ACG Infotech Ltd.
- Akhil Healthcare Pvt Ltd.
- Agaram Technologies Pvt Ltd.
- AgileBio SARL
- Agfa HealthCare
- Alternative Biomedical Solutions
- AlisQI
- Alchemy Cloud, Inc.
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYREST OF EUROPEREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
Companies Mentioned
- Agilent Technologies, Inc.
- Accenture PLC
- Allscripts Healthcare Solutions, Inc.
- 3M Health Information Systems
- A&T Corporation
- 3DHISTECH Ltd.
- Accelerated Technology Laboratories, Inc.
- ACG Infotech Ltd.
- Akhil Healthcare Pvt Ltd.
- Agaram Technologies Pvt Ltd.
- AgileBio SARL
- Agfa HealthCare
- Alternative Biomedical Solutions
- AlisQI
- Alchemy Cloud, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 744 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 3.6 Billion |
| Compound Annual Growth Rate | 9.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
