Laboratory Information Systems (LIS) Market report provides niche insights for the decision about every possible segment helping in the strategic decision-making process. Market size estimation of the market on a regional and global basis is performed in this market report. The report answers questions such as; which geography would have better demand for products/services? What strategies of big players help them acquire a share in the regional market? How feasible is the market for long-term investment? Risk side analysis involved with suppliers in a specific geography? What are influencing factors driving the demand in the market near future? What are the recent trends in the regional market and how successful they are?
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Market Overview
Data Bridge Market Research analyses that the laboratory information systems (LIS) market which was USD 1.85 billion in 2021, would rocket up to USD 3.42 billion by 2029, and is expected to undergo a CAGR of 8.0% during the forecast period 2022 to 2029.
The market for laboratory information systems (LIS) is primarily propelled by these products' standout features, which include greater productivity, decreased diagnostic errors, and precise, high-quality diagnosis, all of which have raised customer satisfaction. The market for laboratory information systems is also being driven by the rising need for a digital platform that can manage, store, and retrieve data in real time through a variety of patient interfaces.
Drivers
• Connected to PIM Solutions
Data management has become critical in every industry in today's fast-paced corporate climate. End-users can store customized information about the patient, dosage description, and medicine description using the product information management system. These technologies are capable of efficiently handling and managing data and information. With the support of a diverse workflow, these solutions also help to increase transparency, generate ownership, and facilitate interdepartmental cooperation.
• A preference for a centralized data model in the pharmaceutical industry
In the pharmaceutical business, centralized data models have seen widespread acceptance. Researchers employ stored information and data to detect chemical formulae, test theories, and compound patterns when producing novel drug versions.
• Increasing demand for automated operations
Due to the demand for efficient operations and rise in incidences of chronic diseases globally, this factor is expected to drive the market's growth.
• Increasing need for laboratory automation
Laboratory automation is gaining traction as a viable solution to the difficulties of a labour scarcity and strategies to eliminate manual intervention in lab processes. Automation of regular lab procedures boosts lab efficiency and allows individual researchers to focus on critical activities with the use of dedicated workstations and software to programme devices. Automation produces high-quality data and makes documentation easier.
Some of the major players operating in the Laboratory Information Systems (LIS) market are:
 Thermo Fisher Scientific (U.S)
 LabWare (U.S.)
 LabVantage Solutions Inc. (U.S.)
 Abbott (U.S.)
 Core Informatics (U.S.)
 LabLynx LIMS (Laboratory Information Management System) (U.S.)
 Labworks (U.S.)
 Computing Solutions and Inc. (U.S.)
 Autoscribe Informatics (U.K.)
 Illumina, Inc. (U.S.)
 Siemens (Germany)
 Accelerated Technology Laboratories, Inc.(U.S)
 Orchard Software Corporation (U.S.)
 Cerner Corporation (U.S.)
 Soft Computer Consultants, Inc. (U.S.)
 Sunquest Information Systems Inc. (U.S.)
 McKesson Corporation (U.S.)
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How Does the Report Aid Your Business Discretion?
• This section of this Market report highlights some of the most relevant factors and growth enablers that collectively ensure a high-end growth spurt
• The report unravels details on pronounced share assessments across both country-wise as well as region-based segments
• A leading synopsis of market share analysis of dynamic players inclusive of high-end industry veterans
• New player entry analysis and the scope of new business models
• The report includes strategic recommendations for new business veterans as well as established players seeking novel growth avenues
• A detailed consultation service based on historical as well as current timelines to ensure feasible forecast predictions
• A thorough evaluation and detailed study of various segments as well as sub-segments across regional and country-specific developments
• Details on market estimations, market size, dimensions
• A review of market competitors, their high-end product and service portfolios, dynamic trends, as well as technological advances that portray high-end growth in this Market
Critical Insights Related to the Global Laboratory Information Systems (LIS) Market Included in the Report:
• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth-driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume
The complete Report is available (Including the full TOC, Tables, and Figures, Graphs as well as Chart) @ https://www.databridgemarketresearch.com/toc/?dbmr=laboratory-infor...
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
• What are the key growth parameters for this global market during the forecast period?
• Which key players are expected to hold the largest market share over the forecast period?
• Who are the leading vendors and manufacturers in this market?
• What are the key strategies adopted by leading players in the market for business development and geographical expansion?
• Which end-use industries can trigger high demand in the market over the forecast period?
• What are the key segments in this market?
• Which regional player will have anticipated leading the global market in terms of size?
• What is the impact of the novel coronavirus pandemic?
• Which obstacles must new players overcome in order to occupy a major position?
Explore DBMR Comprehensive Coverage on Healthcare Domain:
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https://www.databridgemarketresearch.com/reports/europe-laboratory-...
https://www.databridgemarketresearch.com/reports/asia-pacific-labor...
About Data Bridge Market Research, Private Ltd
Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.
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