The Global Laboratory Information System Market Size is estimated to expand rapidly in coming years, at a CAGR of 8.94% from 2018 to 2025. In 2017, the global market valuation was USD 1.11 billion, and it is anticipated to be greater than USD xx.xx billion by 2025 due to technological advancement, rapidly developing pharmaceutical in emerging countries such as India and China, and need of automation in laboratory are projected to fuel the global market during the forecast period. North America is projected to hold the largest industry share of the global laboratory information system (LIS) market over the forecast period. 

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global LIS market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global LIS market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Segment Analysis

By Product Insight: The based on the market product, the worldwide laboratory information system market is segmented into standalone LIS and integrated LIS. The standalone (LIS) laboratory information system segment was valued to significant growth in 2017 and is anticipated to show it’s continue dominance during the forecast period due to the ability of standalone LIS to work offline and its user-friendly nature as compared to integrated LIS.    

By Component Insights: Based on the component, the global laboratory information system market has segmented into services and software. In 2017, services segment led the global market and is projected to growing segment in the global market during the forecast period because of the increasing demand from end-users such as service providers for consulting, data storage, implementing services, training, maintenance, and regular upgrades of solutions.

By Based on End User: Based on the end user, the worldwide laboratory information system market has classified into hospital laboratories, independent laboratories, physician office laboratories, and other end users. The hospital segment is anticipated to hold the largest industry share in 2017 and is projected to boost the industry during the forecast timespan. Other segment will plays healthy growth in coming years.

Regional Analysis

The global laboratory information system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.  In 2017, the North America region led the market in the worldwide LIS market and is estimated to show it’s continue dominance over the global industry during the forecast period. The LIS market can be attributed to the increased reimbursement for pathology procedures, increasing prevalence of cancer, and the presence of several. The U.S. play significant role in regional market in coming years. Europe is anticipated to register healthy growth in the laboratory information system market on account of the early adoption of technological advancements and increasing demand from such as hospital labs, independent labs, and pols.

Global LIS Market Size, Share Analysis, By Region 2017

Asia Pacific held the largest share of the global market in 2017 and will expand at the highest CAGR during the forecast years owing to growing awareness about healthcare industry, increasing healthcare infrastructure in this remerging region, high income level and high population rate. Emerging countries such as China, India, Japan, Australia and other countries will increase demand and growth of the product over the forecast period. Middle East and Africa held the measurable growth in the global market in 2018 and will expand at the significant CAGR during the forecast years.    

Global LIS Market Study Objective

1. To forecast the market size of LIS market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of LIS market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of LIS market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of LIS market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the LIS market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape     

Major key players which is play significant role over the forecast period that players are CompuGroup Medical AG, Orchard Software Corporation, American Soft Solutions Corp, Sunquest Information Systems Inc., Cerner Corporation, Computer Programs and Systems, Inc., , Meditech, SCC Soft Computer, Epic Systems Corporation, Comps Pro Med, Inc., Schuyler House, LabWare, Inc., LabHealth, LigoLab LLC, Allscripts Healthcare Solutions, Inc., Common Cents Systems, Inc., XIFIN, Inc., Cirdan Ltd, Clinical Software Solutions Ltd, TECHNIDATA, Aspyra LLC, Clinlab, Inc., HEX Labs, LabSoft, Inc., and NovoPath, Inc.

Global LIS Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.