PUBLISHER: Lucintel | PRODUCT CODE: 1456024
PUBLISHER: Lucintel | PRODUCT CODE: 1456024
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. Sample figures with some insights are shown below.
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.
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-
Laboratory Information System (LIS) Market Insights
Lucintel 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.
FAQ
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:
Q6. Which laboratory information system (LIS) market segment will be the largest in future?
Answer: Lucintel 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, Lucintel provides 10% customization without any additional cost.