The burgeoning requirement for advanced healthcare information systems is one of the major factors fueling the sales of laboratory information systems (LIS) across the world. These systems assist in delivering diagnosis, rehabilitation, and treatment services through one integrated platform. Moreover, these systems save the diagnosis time by streamlining various back-office operations and assist doctors in sharing and discussing treatment plans with their patients. For example, the National Health Service (NHS) and several other local healthcare councils have been operating together since 2016 in order to form a transformation and sustainability partnership that covers the entire U.K.
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Furthermore, the Integrated Healthcare Information System program became hugely successful in as many as four designated areas—Yorkshire, South London, Surrey, and Greater Manchester in May 2020. The soaring need for higher laboratory productivity is also propelling the advancement of the laboratory information system market. As a result, the revenue of the market is expected to surge from $1,756.2 million in 2019 to $3,457.2 million by 2030. The market will also exhibit a CAGR of 6.5% from 2020 to 2030 (forecast period).
This is ascribed to the soaring requirement for LIS interface or integration and delivery systems in various healthcare settings for improved efficiency and a quick adoption of advanced technologies in workflow solutions. Among LIS services and software, the requirement for the latter was found to be higher during the last few years. This was because of the high requirement for laboratory information management software in diagnostic laboratories, research centers, academic institutions, and hospitals.
Hence, it can be safely said that the demand for LIS will surge sharply in the forthcoming years, primarily because of the rising incidence of chronic diseases and the growing requirement for higher laboratory productivity, advanced healthcare information systems, and more accurate diagnostic tests across the world.
