Laboratory Information System (LIS) Trends and Forecast
The future of the global laboratory information system (LIS) market looks promising with opportunities in the hospital laboratory, independent laboratory, and physician office laboratory markets. The global laboratory information system (LIS) market is expected to reach an estimated $4.9 billion by 2030 with a CAGR of 10.2% from 2024 to 2030. The major drivers for this market are rising demand for lab automation, increasing need to reduce the complexity associated with data handling, and growing trend of cloud-based LIS.A more than 150-page report is developed to help in your business decisions. .
Laboratory Information System (LIS) by Segment
The study includes a forecast for the global laboratory information system (LIS) by component, product, delivery mode, end use, and region.Laboratory Information System (LIS) Market by Component [Shipment Analysis by Value from 2018 to 2030]:
- Software
- Services
Laboratory Information System (LIS) Market by Product [Shipment Analysis by Value from 2018 to 2030]:
- Standalone LIS
- Integrated LIS
Laboratory Information System (LIS) Market by Delivery Mode [Shipment Analysis by Value from 2018 to 2030]:
- On-Premise LIS
- Cloud-Based LIS
Laboratory Information System (LIS) Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Hospital Laboratories
- Independent Laboratories
- Physician Office Laboratories
- Others
Laboratory Information System (LIS) Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Laboratory Information System (LIS) Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies laboratory information system (LIS) companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the laboratory information system (LIS) companies profiled in this report include:- Orchard Software
- Clinisys
- Oracle
- Computer Programs and Systems
- CompuGroup Medical
Laboratory Information System (LIS) Market Insights
The publisher forecasts that software is expected to witness the higher growth over the forecast period due to growing need for LIS software that is comprehensive, integrated, and easy to use.Within this market, hospital laboratory will remain the largest segment as it facilitates long distance consultation with experts and provides digital slide shows of specimens like blood smears and frozen sections.
North America will remain the largest region over the forecast period due to development of biobanks, the ease of LIS products and services availability at affordable prices, as well as supportive initiatives taken by regional governments.
Features of the Global Laboratory Information System (LIS) Market
- Market Size Estimates: Laboratory information system (LIS) market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Laboratory information system (LIS) market size by various segments, such as by component, product, delivery mode, end use, and region in terms of value ($B).
- Regional Analysis: Laboratory information system (LIS) market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different components, products, delivery modes, end uses, and regions for the laboratory information system (LIS) market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the laboratory information system (LIS) market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQs
Q1. What is the laboratory information system (LIS) market size?Answer: The global laboratory information system (LIS) market is expected to reach an estimated $4.9 billion by 2030.
Q2. What is the growth forecast for laboratory information system (LIS) market?
Answer: The global laboratory information system (LIS) market is expected to grow with a CAGR of 10.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the laboratory information system (LIS) market?
Answer: The major drivers for this market are rising demand for lab automation, increasing need to reduce the complexity associated with data handling, and growing trend of cloud-based LIS.
Q4. What are the major segments for laboratory information system (LIS) market?
Answer: The future of the laboratory information system (LIS) market looks promising with opportunities in the hospital laboratory, independent laboratory, and physician office laboratory markets.
Q5. Who are the key laboratory information system (LIS) market companies?
Answer: Some of the key laboratory information system (LIS) companies are as follows:
- Orchard Software
- Clinisys
- Oracle
- Computer Programs and Systems
- CompuGroup Medical
Answer: The publisher forecasts that software is expected to witness the higher growth over the forecast period due to growing need for LIS software that is comprehensive, integrated, and easy to use.
Q7. In laboratory information system (LIS) market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to development of biobanks, the ease of LIS products and services availability at affordable prices, as well as supportive initiatives taken by regional governments.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the laboratory information system (LIS) market by component (software and services), product (standalone LIS and integrated LIS), delivery mode (on-premise LIS and cloud-based LIS), end use (hospital laboratories, independent laboratories, physician office laboratories, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Laboratory Information System (LIS) Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Orchard Software
- Clinisys
- Oracle
- Computer Programs and Systems
- CompuGroup Medical
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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