Authored By: Sarah
17 Dec 2021

Laboratory Information System: Top Drivers that will Enable COVID-19 Recovery

American Soft Solutions Corp., Cerner Corp., Comp Pro Med Inc., CompuGroup Medical SE and Co. KGaA are among the key contributors

Technavio’s Laboratory Information System Market is set to grow by $ 832.24 million, and the market will progressing at a CAGR of 9.04% till 2026. This research report identifies and analyses the growth drivers that will boost market growth. It also provides a thorough understanding of all the segments, trends and challenges that are likely to have an impact on the future prospects fo the market in focus.


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Laboratory Information System Market: Top Drivers for Growth

Technavio has identified the need for laboratory automation as one of the key factors that will drive this market. More and more people are undergoing a series of tests, which is leading to an increased burden on laboratories. Clinical laboratories thus need to rely on Laboratory Information Systems to minimize the number of errors and increase the efficiency and efficacy of the lab's functioning.This research report provides a comprehensive analysis of this and all the other factors that will propel market growth. The report also takes into account the current market scenario, trends, and challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

Laboratory Information System Market Size to Grow by $ 832.24 Million During 2022-2026 | Cloud-based laboratory information system to gain momentum

Laboratory Information System Market: Segment List

This report provides a detailed analysis of the market by Deployment (on-premise and cloud-based) and Geography (North America, Europe, Asia, and ROW). Cloud-based laboratory information system is expected to become the leading segment in the laboratory information systems market. Cloud computing is associated with the sharing of computer resources and services including storage and servers over the internet for a reduced cost, increased speed, productivity, and security of the system in the network. This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Request our Free Sample Report 

Laboratory Information System Market: Vendor Landscape

The Laboratory Information System Market is fragmented and market growth of the depends on market conditions, government support, and industry development. Our report offers a detailed study of all the factors that can influence growth. 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 are some of the major market participants. The report also provides insights into the growth prospects of each of these leading players along with their product pipelines.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of 9.04%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 832.24 mn through 2022-2026.
     
  3. What is a key factor driving this market?
    Need for laboratory automation will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, Europe, Asia, and ROW are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    41% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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
     
  7. What are the market segments covered in this report?
    The market is segmented by Deployment (on-premise and cloud-based) and Geography (North America, Europe, Asia, and ROW)
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