Cloud-Based LIS to Lead Market Growth

-

The global laboratory information systems market size is projected to reach USD 4.0 billion by 2028, from USD 2.4 billion in 2023, at a CAGR of 10.8% from 2023 to 2028. The growth of this market is influenced primarily due to the increasing adoption of LIS in biobanks and biorepositories, as well as the development of integrated LIS and the need to curtail escalating healthcare costs. However, high maintenance and service costs are expected to restrain the market growth during the forecast period.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=232312738

The laboratory information systems (LIS) industry is witnessing several key trends that are shaping its development and future trajectory. There is a growing emphasis on interoperability and integration of LIS with other healthcare systems. Many LIS systems now offer mobile applications, allowing laboratory staff to access patient data, test results, and other information on their smartphones or tablets. LIS systems are evolving to offer advanced analytics and AI capabilities, including data mining, trend analysis, and predictive modeling. These features enable laboratories to identify trends, patterns, and correlations, supporting decision-making, quality improvement, research, and population health management.

Based on delivery mode, the laboratory information systems market is segmented into on-premise LIS and cloud-based LIS. The cloud-based LIS segment is expected to be the fastest-growing laboratory information systems market from 2023 to 2028. There is a notable shift towards cloud-based LIS solutions. Cloud-based LIS solutions have gained popularity due to their flexibility, scalability, and cost-effectiveness. Cloud platforms allow for easy accessibility, remote collaboration, and data storage, eliminating the need for extensive hardware infrastructure and maintenance. Factors such as on-demand self-serving analytics, no upfront capital investment for hardware, extreme capacity flexibility and scalability, and a pay-as-you-go pricing model will boost the demand for cloud-based LIS in the coming years.

Based on product, the laboratory information systems market is segmented into standalone LIS and integrated LIS. The standalone LIS segment is expected to dominate the laboratory information systems market during the forecast period. The ability of standalone LIS to work offline, its affordability, enhanced data security, and user-friendly nature compared to integrated LIS is responsible for the higher implementation of these systems. Standalone LIS is mainly used in small hospitals, reference laboratories, independent laboratories, and specialized testing facilities that do not require integration with a broader healthcare information network.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=232312738

Laboratory information systems offers numerous market opportunities, including a growing focus on personalized medicine and targeted therapies, increasing demand for efficient data management, integration with electronic health records (EHR), and rising demand for mobile applications and point-of-care testing. Seamless integration between LIS and any laboratory equipment and system, EHR, EMR, and PM systems allows for better coordination and exchange of patient data between laboratories and healthcare providers. Integrations are implemented on open standards and interfaces through HL7 or XML, or any proprietary protocol. Furthermore, LIS can play a crucial role in supporting personalized medicine initiatives by managing and analyzing genetic and molecular data. LIS provides a centralized platform for managing laboratory data, including patient information, test results, and quality control data. The demand for LIS is expected to increase as laboratories seek to streamline their operations and improve efficiency.

Related News & Articles:

https://www.marketsandmarkets.com/PressReleases/laboratory-information-system.asp

https://www.marketsandmarkets.com/ResearchInsight/laboratory-information-system.asp

https://www.prnewswire.com/news-releases/laboratory-information-system-lis-market-worth-4-0-billion--marketsandmarkets-301872678.html

https://finance.yahoo.com/news/laboratory-information-system-lis-market-130000683.html

https://www.globenewswire.com/fr/news-release/2022/06/29/2471509/0/en/Laboratory-Informatics-Market-worth-5-6-billion-by-2026-Exclusive-Report-by-MarketsandMarkets.html

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Comments

Post a Comment

Popular posts from this blog

Future of Remote Patient Monitoring Industry: Impact of Remote Patient Monitoring on Healthcare

-
Remote patient monitoring is a type of telemedicine technology that enables healthcare providers to monitor their patients’ health remotely. This technology utilizes remote devices that are placed in the patient’s home or worn by the patient to collect medical data such as vital signs and other medical information.  This medical data is then transmitted to the doctor or healthcare provider to help them make better decisions regarding the patient’s care. RPM can be used to monitor a variety of conditions including chronic diseases, mental health issues, and post-operative care. It can also be used to support elderly individuals and those with disabilities. RPM has the potential to improve patient outcomes and reduce healthcare costs by enabling healthcare providers to monitor their patients’ health more effectively. Benefits of Remote Patient Monitoring 1. Increased Patient Engagement: Remote patient monitoring systems provide patients with a convenient way to stay engaged in their ow
Read more

Sinus Dilation Devices Market Size And Share Report, 2027

-
The sinus dilation devices market is on track for significant growth in the coming years, projected to reach USD 3.8 billion by 2027, up from USD 2.8 billion in 2022. This represents a compound annual growth rate (CAGR) of 6.6% during the forecast period. The market's expansion is largely driven by the increasing availability of reimbursements and rising cases of chronic sinusitis. However, the market faces challenges due to the availability of non-surgical treatments for chronic sinusitis and a shortage of skilled ENT surgeons. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=64349810 Key Market Drivers Increasing Availability of Reimbursements: The growing availability of reimbursements for sinus dilation procedures is making them more accessible to patients, thereby driving demand for sinus dilation devices. Rising Incidence of Chronic Sinusitis: The prevalence of chronic sinusitis is on the rise globally, leading to an increase in d
Read more

Advancements Fueling Cardiac Monitoring Devices Market Growth

-
The global Cardiac Monitoring and Management Devices Market has been experiencing an upward surge, projected to reach an impressive USD 26.8 billion by 2025 from its valuation of USD 22.1 billion in 2020, with a steady Compound Annual Growth Rate (CAGR) of 4.0% from 2020 to 2025. This exponential growth can be attributed to several key factors that continue to shape and propel this industry forward. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=55 Factors Driving Cardiac Monitoring Devices Market Growth Rising Cardiovascular Disease Prevalence: The prevalence of cardiovascular diseases (CVD) is on the rise globally, driving the demand for advanced cardiac monitoring devices. This trend is a significant catalyst for the market's growth trajectory. Innovative Product Launches: Market players have been proactive in introducing innovative products, leveraging advanced technologies. These advancements include improved algorithms, simplified
Read more