Global laboratory information systems market is estimated to be valued at USD 2.52 Bn in 2024, exhibiting a compound annual growth rate (CAGR) of 10% from 2024 to 2031. Laboratory information system (LIS) is a software system that is used to manage patient data, sample collection and storage, test results reporting and workflow within laboratories. Laboratory information systems are used by modern laboratories to streamline processes, ensure accuracy in result reporting, and facilitate integration with other information systems in healthcare facilities. Growing demand for integrated healthcare solutions, development of advanced LIS offerings and rising workload of clinical laboratories can drive the market growth over the forecast period.

Market Dynamics:

Growing pressure to curb rising healthcare costs has boosted demand for digital solutions that can streamline clinical workflows and drive efficiencies. This has boosted adoption of integrated LIS across hospitals and diagnostic laboratories. Development of advanced LIS offerings that leverage technologies like artificial intelligence, internet of things and cloud computing can also drives the market growth. Key market players are investing in innovations to introduce systems with improved data analytics capabilities, predictive functionalities and remote access. However, data security concerns associated with cloud-based systems and high deployment costs can pose challenges for widespread adoption of LIS. Ongoing partnerships between vendors and healthcare providers can provide growth opportunities.

Key Features of the Study:

• This report provides in-depth analysis of the global laboratory information systems market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global laboratory information systems market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Thermo Fisher, LabWare, LabVantage Solutions, Genologics, Illumina and Accelerated Technology Laboratories
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• Global laboratory information systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global laboratory information systems market

Detailed Segmentation-

• By Delivery Mode
  
  • On-premise
  • Web-hosted
  • Cloud-based
• By Component
  
  • Software
  • Services
•  By End User
  • Hospital & Clinics
  • Independent Catheterization Laboratories
  • Academic & Research Institute
  • Others
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
  • Cerner Corporation
  • Sunquest Information Systems, Inc.
  • CompuGroup Medical AG
  • McKesson Corporation
  • SSC Soft Computer
  • Orchard Software Corporation
  • Epic Systems Corporation
  • Meditech (Medical Information Technology, Inc.)
  • Computer Programs and Systems, Inc. (CPSI)
  • CliniSys Group Ltd.
  • Merge Healthcare Incorporated (an IBM company)
  • STARLIMS Corporation (a subsidiary of Abbott)
  • Thermo Fisher Scientific Inc.
  • Comp Pro Med, Inc.
  • Schuyler House
  • LabWare
  • TechniData America
  • Siemens Healthineers