The global laboratory information system (LIS) market is anticipated to grow at a significant CAGR of 6.9% during the forecast period (2022-2028). A laboratory information system is a software system that stores and manages data from all stages of medical processes and lab tests which are advised by health experts. This software is used by physicians and lab technicians to cope with in-patient and out-patient medical testing. They are also used in the functions of hematology, chemistry, immunology, and microbiology. Laboratory information systems have features that can manage patients’ check-in, and check-out. In addition, LIS can be used in result entry and patient demographics. The LIS market growth is attributed to the surging demand for laboratory automation, surge in demand for personalized medicine and adoption of cloud-based LIS in healthcare sector.
Orchard Software is one of a leaders in laboratory information systems. They provide a variety of systems such as the SaaS model. Similarly, Dendi is also a laboratory information system that is used widely. It is a cloud-based system. Thermo Fisher Scientific provides laboratory information systems that are used to store data about pathology base and lab base. They can automate previous data also. The development of versatile software for database management is expected to drive the market during the forecast period. For instance, in March 2021, Sunquest Information Systems, Inc have announced that they have been named North American Company of the Year. This was given by Frost & Sullivan in the category of laboratory information management systems.
Some major players in the market include Orchard Software Corp., Sunquest Information Systems, Cerner Corp, and CompuGroup Medical. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in Jan 2022, CliniSys has acquired Horizons Lab Systems which deals in laboratory information management. The major aim of this acquisition is to develop an organization-specific for diagnostics and laboratory informatics. In this deal, clinisys will have access to cloud-based lab solutions, and water quality testing solutions of Horizon Labs.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Application
- By Delivery Mode
- By End-User
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Orchard Software Corp., Sunquest Information Systems, Cerner Corp, CompuGroup Medical.
A full report is available at: https://orionmarketreports.com/global-laboratory-information-system-lis-market/109721/
Global Laboratory Information System Lis Market Market Report By Segment
By Product
- Services
- Software
By Delivery Mode
- On-premise
- Cloud-based
By End-User
- Hospital
- Pathology
- Others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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