Laboratory Information Systems Market Outlook: Global industry share, growth, drivers, emerging technologies, and forecast research report 2032

 

The laboratory information system (LIS) market is expected to grow at a CAGR of 9.50% from 2023 to 2030, reaching a value of USD 4.0 billion by 2030. The growth of the market is driven by the increasing demand for accurate and timely laboratory results, the need to improve laboratory efficiency, and the rising adoption of cloud-based LIS solutions.

The key players in the LIS market are:

  • Cerner Corporation
  • Epic Systems Corporation
  • McKesson Corporation
  • LabVantage Solutions
  • Siemens Healthineers
  • Sysmex Corporation
  • InterSystems Corporation
  • Sunquest Information Systems
  • ARUP Laboratories
  • OraSure Technologies
  • Mindray Medical International Limited

These companies are developing and providing LIS solutions to hospitals, independent laboratories, and POLs.

LIS are software systems that are used to manage laboratory data and processes. They are used to collect, store, and track laboratory results, as well as to automate laboratory workflows. LIS can help to improve the accuracy and timeliness of laboratory results, as well as to improve laboratory efficiency.

The key drivers of the LIS market are:

  • Increasing demand for accurate and timely laboratory results: The demand for accurate and timely laboratory results is increasing due to the rising prevalence of chronic diseases and the need for early diagnosis and treatment. LIS can help to improve the accuracy and timeliness of laboratory results by automating laboratory workflows and reducing human errors.
  • Need to improve laboratory efficiency: LIS can help to improve laboratory efficiency by automating laboratory workflows, reducing manual data entry, and providing real-time access to laboratory results. This can help to free up laboratory staff to focus on other tasks, such as patient care.

The LIS market outlook is segmented by:

  • Product: Standalone LIS, integrated LIS, and cloud-based LIS.
  • Delivery mode: On-premise LIS and cloud-based LIS.
  • End-user: Hospital laboratories, independent laboratories, and physician office laboratories (POLs).
  • Region: North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

The standalone LIS segment is the largest segment of the LIS market, followed by the integrated LIS segment. The standalone LIS segment is expected to grow at the highest CAGR during the forecast period, due to the increasing demand for flexible and scalable LIS solutions.

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