Laboratory Information System Market size was valued at USD 1.96 Bn. in 2022 and the total Laboratory Information System (LIS) revenue is expected to grow at 9.3% from 2023 to 2029, reaching nearly USD 3.67 Bn.

Laboratory Information System Market Overview:

Laboratory Information System (LIS) efficiently manages the flow of samples and patient data to improve lab efficiency. It increases access to high-quality diagnostic testing while also providing accurate and timely information for patient treatment. Raster LIS aids in the standardization of workflows, testing, and procedures while also offering precise process controls. Laboratory equipment (both unidirectional and bidirectional) may be coupled with Raster LIS using Raster IoMT to automate data collection and calibration. The completely integrated configuration tools aid in adjusting the product to end-user requirements while maintaining maintenance and future upgrades.

Market Scope:

The Global Laboratory Information System  Report provides a comprehensive analysis of the market, covering data on several factors such as constraints, opportunities, drivers, and threats. The report provides the most up-to-date research on the current global market development plan, as well as the pre- and post-Covid-19 scenarios. It also provides a comprehensive analysis of the market's size based on end-user applications, products, kinds, trends, and major geographic areas.

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Drivers:

Laboratory automation is gaining traction as an effective alternative for addressing the laboratory professional shortage and eliminating manual involvement in lab procedures. Automation of basic laboratory operations, using dedicated workstations and software to control instruments, increases lab efficiency and allows individual researchers to focus on vital tasks. Automation creates higher data and allows for improved documentation. The establishment of supervisory standards, together with severe regulatory requirements for error-free outputs, encourages the creation of efficiencies that provide reproducible results.

Segmentation:

by Product

1. Standalone LIS
2. Integrated LIS

by Component

1. Services
2. Software

by Delivery Mode

1. On-premise
2. Cloud-based

by End-Users

1. Hospital Laboratories
2. Independent Laboratories
3. POLs
4. Other end users

Key Players: the key players are

1. Cerner Corporation(US)
2. Dendi, Inc.(US)
3. Computer Programs and Systems Inc.(US)
4. Meditech(US)
5.SCC Soft Computer(US)
6. Epic Systems Corporation(US)
7. Computer Service and Support(US)
8. ASPYRA LLC.(US)
9. Apex Healthware(US)
10. Seacoast Laboratory Data Systems(US)
11. Pathagility(US)
12. LabVantage Solutions(US)
13. HEX Laboratory Systems(US)
14. LigoLab Information Systems(US)
15. Comp Pro Med(US)
16. American Soft Solutions Corp.(US)
17. Allscripts Healthcare Solutions, Inc.(US)
18. WebPathLab(US)
19. XIFIN(US)
20. CompuGroup Medical(Germany)
21. Alphasoft GmbH(Germany)
22. Clinsis( Australia)
23. TECHNIDATA (UK)

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Regional Analysis:

The report has assessed the global Laboratory Information System market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

The report also includes the following:

• The analysis looks at how the Laboratory Information System market is expected to grow in the future. Using Porter's five forces analysis to examine several perspectives on the Laboratory Information System market
• Analyzing the product type that is most likely to dominate the market and the regions that are most likely to see rapid growth throughout the projected period
• Identify new advancements, Laboratory Information System market shares, and the leading market players' strategies.

Key Questions answered in the Laboratory Information System Market Report are:

• Which key trends are likely to emerge in the Laboratory Information System market in the forecast period?
• What will be the Laboratory Information System market size by 2027?
• Which company had the biggest share in the Laboratory Information System market in 2020?