Healthcare Laboratory Information Management System Market is projected to grow up to 13.7% CAGR duri...

Laboratory Information Management System Market is projected to grow up to 13.7% CAGR during the forecasting period 2021-2027.

The laboratory information system (LIS) is a software solution for monitoring, documenting, and storing information related to laboratory data in clinical laboratories. A laboratory information system enables for the efficient handling of research samples and data. Data from laboratory information systems can be shared across a variety of healthcare settings. The market is divided into broad-based LIMS and industry-specific LIMS based on type. The broad-based LIMS category held the greatest proportion of the market. These solutions give customers a lot of flexibility in terms of customization and interpretation, allowing them to handle various enterprises in different geographic regions; these reasons are promoting broad-based LIMS adoption. Broad-based solutions also aid in the streamlining of laboratory workflow operations as well as the improvement of decision-making and reporting. In general, rising labour demand has resulted in skill shortages and wage pressures, which are typically exacerbated by out-migration. The employment/working-age population ratios, on the other hand, are relatively low. In contrast to prior periods of weak labour demand, new job creation is now constrained by the supply side of the labour market. As a result, market growth is expected to be hampered throughout the projection period. From 2021 through 2027, this research anticipates revenue growth at the global, regional, and country levels, as well as an analysis of the most recent industry trends in each of the sub-segments. The study segments the global laboratory information management system market by product, component, end-use, and geography.

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Key Driving Factors: The study of the genome and DNA is becoming more popular.

Both university research and business enterprises have significantly expanded biotechnology. The principal uses of this technique are in medical (vaccine and antibiotic manufacture) and agriculture. Furthermore, a better understanding of human sequence variation has begun to influence medical treatment. This will pave the road for new LIMS applications. Major players are pouring money into these emerging technologies.

Opportunity: Growing awareness of the significance of laboratory information management systems, as well as the increasing acceptance of technology in laboratories, will provide strong growth opportunities for the laboratory information management system market. The increased popularity of cloud-based technologies bodes well for the laboratory information management system market's future growth. The growing demand for genetic studies, as well as increased government funding, will propel the laboratory information management system market forward.

This report offers the major market player’s profiles, such as Orchard Software Corporation, Sunquest information systems, Inc., Cerner Corporation, Ecotest, Computer Programs and Systems, Inc., Compugroup Medical ag, Comp Pro Med, Inc., SCC Soft Computer, Epic Systems Corporation, Schuyler House, LabWare, Inc., LabHealth, American Soft Solutions Corp, LigoLab LLC, Allscripts Healthcare Solutions, Inc, Common Cents Systems, Inc, XIFIN, Inc, Cirdan Ltd, and Clinical Software Solutions Ltd.

Based on End user: In 2021, the end use segment of the Laboratory Information Management System Market was dominated by life science. The increasing number of LIMS applications in pharmaceutical laboratories, the scarcity of in-house qualified resources, and the growing demand for LIMS bio banks and bio repositories in pharmaceutical laboratories all contribute to the segment's growth. This has resulted in a significant boost in the segment's market growth in recent years. Due to outsourcing from pharmaceutical and biotechnological businesses, and associated benefits such as cost effectiveness, contract research organisations (CROs) are expected to increase at the fastest rate with the highest CAGR during the projection period 2021-2027.

The Laboratory Information Management System Market report has been categorized as below

By Delivery Mode

  • On-premise LIS

  • Cloud-based LIS

By Product

  • Standalone LIS

  • Integrated LIS

By Component

  • Services

  • Software

By End-user

  • Hospital laboratories

  • Independent laboratories

  • Physician office laboratories

  • Other end-users

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : September-2021