$ 832.24 Million Laboratory Information Systems Market Growth: By Deployment and Geography

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2021-12-29

NEW YORK, December 29, 2021 / PRNewswire / – The Laboratory Information Systems Market the value should increase by $ 832.24 million, growing at a CAGR of 9.04% from 2021 to 2026, according to the latest report from Technavio. This report offers up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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One of the key factors driving the growth of the Laboratory Information Systems market is the need for laboratory automation. Laboratory automation is gaining ground as a viable alternative to alleviate labor shortages and reduce manual interventions in laboratory processes. Using dedicated workstations and software to configure instruments that can automate routine lab activities improves lab productivity and allows individual researchers to focus on more critical tasks. The presence of monitoring standards, along with strict regulatory criteria for error-free results, encourages the creation of efficiencies with repeatable results. Laboratory information systems provide an effective solution as they facilitate, advance and dramatically improve the productivity and efficiency of laboratory processes.

Download a free sample report for information on drivers, trends and challenges that will help companies assess and develop growth strategies for 2022-2026.

Laboratory Information Systems Market 2022-2026: Segmentation

  • Deployment
  • Geography
    • North America
    • Europe
    • Asia
    • LINE

Learn more about the factors driving the growth of the market, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR71657

Laboratory Information Systems Market 2022-2026: Vendor Analysis and Scope

Some of the leading laboratory information systems market vendors in the system software industry include American Soft Solutions Corp., Cerner Corp., Comp Pro Med Inc., CompuGroup Medical SE and Co. KGaA, Computer Programs and Systems Inc ., Epic Systems Corp. ., Medical Information Technology Inc., Orchard Software Corp., Soft Computer Consultants Inc and Sunquest Information Systems Inc.

To take advantage of current opportunities, market sellers need to strengthen their presence in fast growing segments, while maintaining their positions in slow growing segments. Backed by competitive intelligence and benchmarking, our Laboratory Information Systems market research reports are designed to provide entry assistance, client profile and M&A as well as development support. go-to-market strategy.

The report also covers the following areas:

High maintenance and service costs will be a major challenge for the laboratory information systems market during the forecast period. According to industry analysts, the cost of maintaining IT solutions is greater than the cost of the product itself. Service and maintenance (which includes software updates to meet the changing needs of end users) is a recurring expense that accounts for almost 20-30% of the total cost of ownership. In addition, training and implementation costs represent about 15% of the total cost. Many small and medium-sized laboratories find it difficult to invest in these systems due to these cost constraints, thus limiting the adoption of LIS.

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Laboratory Information Systems Market 2022-2026: Highlights

  • Market CAGR during the forecast period 2022-2026
  • Detailed insight into the factors that will contribute to the growth of the Laboratory Information Systems Market over the next five years
  • Estimated Laboratory Information Systems Market Size and Its Contribution to Parent Market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the laboratory information systems market
  • Market competitive landscape analysis and detailed supplier information
  • Complete details on factors that will challenge the growth of Laboratory Information Systems Market vendors

Associated reports:

Electronic Test Master File Systems Market by Deployment and Geography – Forecast and Analysis 2021-2025: The Electronic Process Master File Systems (eTMF) market has the potential to grow to USD 679.48 million during the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 11.65 %. For in-depth research information: Download a FREE sample report

Laboratory Information Management System (LIMS) Market by Deployment and Geography – Forecast and Analysis 2021-2025: The Laboratory Information Management Systems (LIMS) market has the potential to grow by USD 637.40 million during the period 2021-2025, and the market growth momentum will accelerate at a CAGR of 10.04 %. For in-depth research information: Download a FREE sample report

Scope of the Laboratory Information Systems Market

Cover of the report

Details

Page number

120

Year of reference

2021

Forecast period

2022-2026

Growth dynamics and CAGR

Accelerate to a CAGR of 9.04%

Market growth 2022-2026

$ 832.24 million

Market structure

Fragmented

Annual growth (%)

8.35

Regional analysis

North America, Europe, Asia and ROW

Efficient contribution to the market

North America at 41%

Main consumer countries

United States, Germany, United Kingdom, China and Japan

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

American Soft Solutions Corp., Cerner Corp., Comp Pro Med Inc., CompuGroup Medical SE and Co. KGaA, Computer Programs and Systems Inc., Epic Systems Corp., Medical Information Technology Inc., Orchard Software Corp., Soft Computer Consultants Inc, and Sunquest Information Systems Inc

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio research
Jesse maida
Communication and Marketing Officer
United States: +1 844 364 1100
United Kingdom: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

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