Global Laboratory Information Systems (LIS) Market to reach USD 2.52 Billion by 2027.Global Laboratory Information Systems (LIS) Market is valued approximately at USD 1.38 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2021-2027. Lab automation solutions minimizes the human errors due to repetitive tasks such as moving plates and pipetting and also provides better accuracy. Growing adoption of LIS to enhance lab efficiency and increasing prevalence of chronic diseases are the factors which are driving the growth of Laboratory Information Systems (LIS) market. Furthermore, increasing demand for personalized medicine will be anticipating the growth of market in forecasted period. For instance, In December 2020, Cerner Corporation, a key market player in the US, has partnered with Xealth to increase the digital innovation and strengthen connections between providers and patients. This strategy will strengthen the company's presence in this market. However, lack of integration standards for laboratory information systems may impede market growth over the forecast period of 2021-2027.

Global Laboratory Information Systems (LIS) market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to developed infrastructure and increase in demand for digitalized technologies in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing development in healthcare infrastructure in the region.
Major market player included in this report are:
American Soft Solutions Corp.
Orchard Software Corporation
Sunquest Information Systems
Cerner Corporation
CompuGroup Medical
Computer Programs and Systems Inc.
Meditech
SCC Soft Computer
Epic Systems Corporation
Comp Pro Med




The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Standalone LIS
Integrated LIS
By Component
Services
Software
By Deployment type
On-premises
Cloud-based
By End-User
Hospital Laboratories
Independent Laboratories
POLs
Other
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Laboratory Information Systems (LIS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors