- As hospitals compete more fiercely to deliver high-quality treatment, there is a significant demand for these systems since it streamlines systematic documentation, minimized the possibility of error in producing clinical test reports, & paperwork
- Due to higher disposable income and rising public healthcare spending, the Asia Pacific market is anticipated to grow at a rapid pace during the forecast period
WILMINGTON, Del., July 13, 2022 /PRNewswire/ — The value of the global laboratory information systems market size stood at US$ 2.2 Bn in 2021. The global market is projected to grow at a CAGR of 8.3% from 2022 to 2031. The laboratory information systems market statistics is estimated to attain valuation surpassing US$ 4.9 Bn by 2031. The increase in demand for lab automation and technical developments in laboratory information systems solutions are likely to widen scope for laboratory information systems. Besides, widespread use of these systems in hospitals is also likely to support future market demand for laboratory information systems.
Since there are more life-threatening illnesses now than there were a few years back, more samples are being produced for study and analysis. Concerns have been expressed about the purity of samples and their handling. By providing relevant biospecimen to end-users, such as clinics and hospitals, laboratory information systems are crucial in promoting scientific findings.
The requirement for compliance with regulations, increase in laboratory automation, higher R&D spending, and technical developments in laboratory information systems are expected to drive the global laboratory information systems market. Growing need for cloud-based solutions to manage laboratory data is another important driver for this market. Data storage using cloud-based solutions is dependable, flexible, and safe, which is likely to present lucrative growth opportunities for the leading players in the laboratory information systems market.
Request Brochure of Laboratory Information Systems Market Research Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1482
Key Findings of Market Report
Emergence of lab automation and upgrades in R&D laboratories, particularly in biotechnology and pharmaceutical labs, are likely to drive adoption of laboratory information systems. When performing repeated activities like moving plates and pipetting, lab automation decreases human error. It shows significant improvement as well. The market for laboratory information systems is also being driven by the high efficacy of laboratory informatics solutions.
Widespread use of these systems in hospitals is estimated to boost the global market. Besides, the need for these systems is also being driven by growing access to cutting-edge medical treatment in hospitals. Lean workforce structure and better management of cost can be credited for the increase in hospital patients’ accessibility to sophisticated medical treatment. Additionally, the demand for automated clinical testing to get data more quickly and reduced likelihood of management interruption for software deployment are anticipated to fuel the segment’s growth.
With a revenue share of more than 65 % in 2021, the cloud-based segment led the global market depending on delivery mode. Data is accessible from several places, numerous systems, and numerous branches in a cloud-based system. Besides, the segment is also being driven by a reduction in IT staff, economical data management, and simple implementation.
Request for Analysis of COVID-19 Impact on Laboratory Information Systems Market – https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=1482
Global Laboratory Information Systems Market: Growth Drivers
Through a number of initiatives, governments encourage the use of IT products and services in the healthcare industry. The necessity to reduce escalating healthcare expenses is also anticipated to fuel expansion of the global laboratory information systems market in the years to come.
The highest revenue share in 2021 belonged to North America, which made up over 35% of the global market. The adoption of various analytical solutions across sectors is being fueled by a well-developed infrastructure and a rise in the use of digitalized technology across North America is likely to drive the region.
Get Exclusive PDF Sample Copy of Laboratory Information Systems Market Report – https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1482
Global Laboratory Information Systems Market: Key Players
Some of the key market players are
- Labvantage Solutions, Inc.
- Thermo Fisher Scientific, Inc.
- Allscripts Healthcare Solutions, Inc.
- STARLIMS Corporation
- Sunquest Information Systems, Inc.
- CompuGroup Medical
Make an Enquiry Before Buying – https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1482
Global Laboratory Information Systems Market: Segmentation
- Diagnostic Laboratories
- Hospitals & Clinics
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
Ultra-large Volume Wearable Injectors Market: The global ultra-large volume wearable injectors market is anticipated to exceed US$ 6.6 Bn by the end of 2031. The global market is projected to grow at a CAGR of 9.1% from 2022 to 2031.
Japan Direct-to-Consumer Laboratory Testing Market: The Japan direct-to-consumer laboratory testing market is expected to cross the value of US$ 2.4 Bn by the end of 2031.
Meningitis Diagnostic Testing Market: The EMEA meningitis diagnostic testing market is expected to reach the value of US$ 83.51 Mn by the end of 2031. It is estimated to expand at a CAGR of 3.7% from 2021 to 2031.
Cervical Cancer Diagnostic Tests Market: The global cervical cancer diagnostic tests market is expected to exceed value of US$ 13.6 Bn by the end of 2031. It is estimated to grow at a CAGR of 4.6% from 2022 to 2031.
Point-of-Care Diagnostics Market: The global point-of-care diagnostics market is expected to reach the value of US$ 66 Bn by the end of 2028. It is estimated to expand at a CAGR of 4.7% from 2021 to 2028.
In Vitro Diagnostics Market: The global in vitro diagnostics market is expected to reach the value of US$ 115.43 Bn by the end of 2028.
Pressure Ulcer Diagnostics Market: The global pressure ulcer diagnostics market was valued at US$ 880.50 Mn in 2020 and is projected to expand at a moderate CAGR from 2021 to 2031.
Lyme Disease Diagnostics Market: The global Lyme disease diagnostics market was valued at ~US$ 2 Bn in 2020 and is projected to expand at a CAGR of 4% from 2021 to 2031.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update – https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
USA – Canada Toll Free: 866-552-3453