LIS Market Trends: 5.3% CAGR Growth Expected by 2034
The laboratory information system market has become a crucial part of modern healthcare and research infrastructure. With the increasing emphasis on digitization and automation, laboratories are seeking more efficient ways to handle data management, workflow automation, and regulatory compliance. A laboratory information system (LIS) acts as a centralized platform that collects, stores, and manages information generated during laboratory operations. Its application spans clinical diagnostics, research laboratories, pharmaceutical industries, and academic institutions. The rising demand for real-time data access, faster diagnostic processes, and enhanced patient outcomes continues to fuel interest and investment in the laboratory information system market. Exhibiting a y-o-y growth of 6.0%, the global laboratory information system market size is expected to reach USD 2,166.3 million in 2024. Driven by a projected 5.3% CAGR over the next decade, the market is set to attain a val...