LIS Market: $2+ Billion Laboratory Information System Market to Grow at 10.4% CAGR, Globally, by 2028 - Growing Use of Digital Workstations, Automated Analyzers, Total Laboratory Automation (TLA) | The Insight Partners

NEW YORK, Oct. 6, 2022 /PRNewswire/ -- The Insight Partners published latest research study on "Laboratory Information System (LIS) Market Size, Share, Revenue, Growth Strategy, Industry Trends and Forecast to 2028 – COVID-19 Impact and Global Analysis – by Product, Delivery Mode, Component, End User and Geography," the global laboratory information system (LIS) market size was valued at $2.17 billion in 2028 from $1.10 billion in 2021 it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.

The Insight Partners Logo
The Insight Partners Logo

Download Sample PDF Brochure of Laboratory Information System (LIS) Market Size - COVID-19 Impact and Global Analysis with Strategic Insights at: https://www.theinsightpartners.com/sample/TIPTE100000923/

Global Laboratory Information System (LIS) Market Report Scope, Segmentations, Regional & Country Scope:

Report Coverage

Details

Market Size Value in

US$ 1.10 Billion in 2021

Market Size Value by

US$ 2.17 Billion by 2028

Growth rate

CAGR of 10.4% from 2022 to 2028

Forecast Period

2022-2028

Base Year

2021

No. of Pages

195

No. of Tables

112

No. of Charts & Figures

77

Historical data available

Yes

Segments covered

Product, Delivery Mode, Component, and End User

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Companies Covered

Thermo Fisher Scientific Inc.; Illumina, Inc.; LABWORKS; LabLynx, Inc.; LabVantage Solutions, Inc.; Francisco Partners; CompuGroup Medical; Hex Labs; AAC Infotray AG; McKesson Corporation

Key Research Capabilities

Global Market Assessment, Business Development Strategies, Competitive Landscape, Opportunity Analysis, Regional and Country Level Market Analysis, Market Entry Strategies, Market Dynamics, Risk and Return Assessments, Pricing Analysis, Market Size and Forecasting, Company Profiling, Value Chain Analysis, Expansion Strategies, SWOT Analysis, New Product Development

Global Laboratory Information System (LIS) Market Forecast to 2028 - Latest COVID-19 Analysis

https://www.theinsightpartners.com/covid-analysis-sample/TIPTE100000923/

Browse key market insights spread across 195 pages with 112 list of tables & 77 list of figures from the report, "Laboratory Information System (LIS) Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Standalone LIS and Integrated LIS), Delivery Mode (Cloud-Based Delivery Mode, Web-Based Delivery Mode, and On-Premises Delivery Mode), Component (Software and Services), and End User (Hospital Labs, Independent Labs, and Physicians' Office Labs)" in detail along with the table of contents: https://www.theinsightpartners.com/reports/laboratory-information-system-lis-market

Global Laboratory information system (LIS) Market: Competition Landscape and Key Developments

Thermo Fisher Scientific Inc.; Illumina, Inc.; LABWORKS; LabLynx, Inc.; LabVantage Solutions, Inc.; Francisco Partners; CompuGroup Medical; Hex Labs; AAC Infotray AG; and McKesson Corporation are among the key companies operating in the global laboratory information system (LIS) market. TheSE companies adopt product innovation strategies to meet the evolving customer demands globally, allowing them to maintain their brand name in the global laboratory information system (LIS) market. A few of the recent developments in the global laboratory information system (LIS) market are mentioned below:

In April 2022, LabVantage Solutions, Inc. announced the introduction of LabVantage Forensic Navigator, an industry expert-built informatics platform designed to seamlessly manage the vast amounts of forensic evidence and data used throughout the entire criminal justice life cycle.

In February 2022, McKesson Medical-Surgical partnered with Orchard Software as an authorized distributor offering technology solutions that support workflow and efficiency of laboratories.

Inquiry Before Purchase: https://www.theinsightpartners.com/inquiry/TIPTE100000923/

In May 2022, LabLynx launched its newest LIS solution—CannaQA Standard Edition—made for startup and growing cannabis testing labs. This latest solution by LabLynx offers a streamlined version of the company's enterprise CannaQA solution with many of the product's great features but with a more affordable price and faster implementation timeline.

In April 2022, LabLynx, Inc.—a long-time leader in enterprise-level cloud-hosted LIMS/LIS—announced that it had developed the world's first LIS dedicated specifically to COVID-19 diagnostic testing.

Laboratory Information System (LIS) Market: Key Insights
Rise in the adoption of automation in laboratories and technological advancements in LIS are propelling the market growth. However, limited expertise in the healthcare IT domain and high costs of implementation of LIS are likely to restrain the growth of the global laboratory information system (LIS) market during the forecast period. The Standalone LIS segment held the largest share of the market in 2021. Also, the same segment is estimated to register a CAGR of 10.1% % in the market from 2022-2028. The Asia Pacific is expected to be the fastest-growing region in the laboratory information system market over the forecast period due to increasing clinical trials, various biological studies, and genomic studies. In addition, the growing biopharmaceutical industry, and increasing adoption of healthcare IT is further likely to contribute to the growth of the region.

Speak to Research Expert: https://www.theinsightpartners.com/speak-to-analyst/TIPTE100000923

Laboratory information systems (LIS) are used to manage various tasks in the laboratory, including workflow management, instruments integration, records management, logistics management, decision making, enterprise resource planning, privacy, and security controls. Laboratories generate an ample amount of data that can be managed through LIS. LIS eliminates the chances of patient data getting misplaced or lost. It helps in storing, managing, and processing patient data. This reduces clerical work, improves communication, and improves the quality of information offered to the clinician.

Emergence of Cloud-Based LIS Services:
The demand for cloud-based LIS services is growing as the approach requires lower capital and operational expenditures than on-premises LIS. Cloud-based solutions allow healthcare organizations and clinical laboratories to share and integrate data from several locations, making the data collection process more efficient. The emergence of Internet-enabled cloud-based services has resulted in major advancements in the global laboratory information system (LIS) market. Advancements in virtualization and increased access to high-speed internet allow for faster innovation at lower costs. Companies that employ cloud-based solutions just have to pay for the software subscription instead of the complete licenses. Moreover, cloud-based LIS does not require any upfront capital expenditure for hardware, which reduces the burden on healthcare and clinical settings with a minimum requirement of IT personnel.

Pharmaceutical and medical device manufacturers are increasingly employing centralized corporate-based facilities to develop a virtual network of contract research, development, and manufacturing organizations (CRDMOs) and academic institutions. The adoption of cloud-based LIS solutions would enable them to manage large volumes of data gathered from their operations. Cloud-based delivery mode models would emerge as an effective LIS solution due to benefits such as increased data accessibility, cost-effectiveness, and real-time analysis, providing substantial growth prospects to the global laboratory information system (LIS) market players.

Quickly Purchase Premium Copy of Laboratory Information System (LIS) Market Growth Report (2022-2028) at: https://www.theinsightpartners.com/buy/TIPTE100000923/

Go through further research published by The Insight Partners:
Laboratory Information Management System (LIMS) Market - The global laboratory information management system (LIMS) market size was valued at US$ 1,122.36 million in 2021 and is projected to reach US$ 2,402.48 million by 2028; it is expected to grow at a CAGR of 11.5% from 2021 to 2028.

Nasal Irrigation Devices Market - The global nasal irrigation devices market size was valued US$ 289.30 million in 2021, it is estimated to grow at a CAGR of 18.1% from 2022 to 2028.

Laboratory Information System (LIS) Market - The global laboratory information system (LIS) market size was valued US$ 1,104.27 million in 2021, it is estimated to grow at a CAGR of 10.4% from 2022 to 2028.

Arbitrary Waveform Generator Market - The global arbitrary waveform generator market size is expected to grow from US$ 355.3 million in 2021 to US$ 624.4 million by 2028; it is estimated to grow at a CAGR of 8.4% from 2022 to 2028.

Virtual Pipeline Systems Market - The global virtual pipeline systems market size is projected to reach US$ 1,886.83 million by 2028 from US$ 1,191.59 million in 2022; the virtual pipeline systems market is estimated to grow at a CAGR of 9.2% from 2022 to 2028.

Lithium Compounds Market -The global lithium compounds market size is expected to grow from US$ 6.3 billion in 2021 to US$ 25.1 billion by 2028; it is estimated to grow at a CAGR of 22.0% between 2022 and 2028.

Commercial Greenhouse Market - The global commercial greenhouse market size is expected to grow from US$ 38 billion in 2022 to US$ 62 billion by 2028; it is anticipated to grow at a CAGR of 8.4% from 2022 to 2028.

Smart Coatings Market - The global smart coatings market size is expected to grow from US$ 5.5 billion in 2021 to US$ 23.1 billion by 2028 at a CAGR of 24.2% between 2022 and 2028.

Self-healing Materials Market – The global self-healing materials market size is expected to grow from US$ 435 million in 2021 to US$ 2,100 million by 2028 at a CAGR of 27% between 2022 and 2028.

Microencapsulation Market - The global microencapsulation market size accounted for ~US$ 7.5 billion in 2021 and is projected to reach US$ 17.5 billion by 2028; it is estimated to grow at a CAGR of 11.2% between 2022 and 2028.

Coconut Derivatives Market - The global coconut derivatives market size accounted for approximately US$ 14 billion in 2022 and is projected to exceed US$ 23 billion by 2028; it is anticipated to grow at a CAGR of 9.2% between 2022 and 2028.

Biopesticides Market - The global biopesticides market size is expected to grow from US$ 4,600 million in 2022 to US$ 14,000 million by 2028; it is estimated to grow at a CAGR of 11.5% from 2022 to 2028.

Bioethanol Market – The global bioethanol market size is expected to grow from US$ 110 billion in 2022 to more than US$ 190 billion by 2028 at a CAGR of 9.5% between 2022 and 2028.

Bioadhesives Market - The global bioadhesives market size is expected to grow from US$ 700 million in 2022 to US$ 1080 million by 2028; it is estimated to grow at a CAGR of 7.5% between 2022 and 2028.

Bioactive Materials Market -The global bioactive materials market size is expected to grow from US$ 2,000 Million in 2022 to US$ 5,500 Million by 2028, with an estimated CAGR of 13.0% from 2022 to 2028.

Advanced Composites Market - The global advanced composites market size is expected to grow from US$ 36.1 billion in 2021 to US$ 68.9 billion by 2028; it is expected to grow at a CAGR of 9.1% from 2022 to 2028.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
Press Release: https://www.theinsightpartners.com/pr/laboratory-information-system-lis-market
Industry Research: https://www.openpr.com/news/archive/139407/The-Insight-Partners.html

Logo - https://mma.prnewswire.com/media/1586348/The_Insight_Partners_Logo.jpg

Cision
Cision

View original content:https://www.prnewswire.com/news-releases/lis-market-2-billion-laboratory-information-system-market-to-grow-at-10-4-cagr-globally-by-2028---growing-use-of-digital-workstations-automated-analyzers-total-laboratory-automation-tla--the-insight-partners-301642452.html

SOURCE The Insight Partners