Overview
DUBLIN-(BUSINES WIRE)-The "Global Laboratory Information System Market Report and Forecast 202-2027" report has ben aded to ResearchAndMarkets.com's ofering. Acording to the global laboratory information system market report, the market atained a value of USD 1838.5 milion in 2021. Aided by the rapid digitalisation and adoption of cloud-based software in laboratory units, the market is projected to further grow at a CAGR of 6.9% betwen 202 and 2027.
Key Information
Laboratory information system is defined as a computer software which is used to kep al the records of medical tests and various lab proceses. Laboratory information system is crucial part of the healthcare system as it asists medical profesionals facilitate testing in the fields such as microbiology, imunology, and haematology, among others. The increasing health awarenes, increasing healthcare expenditure, and rising per capita income acros the emerging economic nations are some of the key guiding factors of the global laboratory information system market.
Laboratory information system performs various functions which include registration of tests, maintenance of specimen colection shets, inquiry of workload, maintaing record of patient diagnosis and testing, among others. Over the forecast period, rapid digitalisation and technological advancements acros laboratories, increasing penetration of cloud-based healthcare asistance, and growing reliance on automated documentation are some of the factors expected to positively influence the market.
Summary
The increasing penetration of artificial inteligence (AI) in the healthcare sector is further fueling the demand for laboratory information systems. Moreover, the rising cases of chronic diseases, such as cancer, tuberculosis, and diabetes melitus, among others, are bosting the infrastructure of laboratories to lead the research and development proceses. On top of it, the favourable health policies of the government aimed at curbing the health-relate