The Europe laboratory information system (LIS) market in is expected to grow from US$ 244.03 million in 2022 to US$ 431.39 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.
Europe Laboratory Information System (LIS) Market Players
To maintain their competitive edge, laboratory information system (LIS) market players are consistently innovating and releasing advanced solutions. For instance, in March 2021, Autoscribe Informatics unveiled an updated version of its Regulated Manufacturing LIMS. This configured solution, based on the Matrix Gemini LIS solution, is well-suited for all manufacturing organizations, including highly regulated industries like medical devices and pharmaceuticals. This web-enabled version aims to enhance user experience from both a visual aesthetic perspective and by providing greater flexibility in user setup, dashboards, reports, and other components critical for SoftBank users. The software boasts a single, integrated platform with a unified user interface. Additionally, it incorporates configurable workflows, automation capabilities for routine tasks, and efficient data exchange tools. In a related development, in July 2021, LabVantage Solutions, Inc. launched a new edition of its flagship LabVantage LIMS. The LabVantage LIS 8.7 portal features systems designed to manage the laboratory’s data security, along with offering self-service access to external customers.
Laboratory Information System (LIS) Market Overview
The Europe laboratory information system (LIS) market is regionally segmented, encompassing Germany, the UK, France, Italy, Spain, and the Rest of Europe. Europe holds a prominent position in the global laboratory information management systems market and is projected to exhibit robust growth throughout the forecast period. This growth is primarily fueled by increasing R&D expenditure, the rapid expansion of pharmaceutical companies, and the rising adoption of information technology solutions for clinical decision support. These factors are collectively driving the market forward. Furthermore, the market for laboratory information systems is poised for expansion due to ongoing developments within the healthcare sector. Germany stands as the largest market for medical technology in the European region. According to Germany Trade & Invest in 2019, the German Medical Technology Industry recorded €33.4 billion in sales (domestic and exports) and allocated a significant 9% of its annual turnover to R&D expenses.
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Europe Laboratory Information System (LIS) Market Segmentation
The Europe laboratory information system (LIS) market is comprehensively segmented by product, delivery mode, component, end user, and country.
In terms of product, the market is divided into standalone LIS and integrated LIS. The standalone LIS segment secured the larger market share in 2022.
By delivery mode, the market includes cloud-based delivery mode, web-based delivery mode, and on-premises delivery mode. The cloud-based delivery mode segment held the largest market share in 2022.
Regarding component, the market is segmented into software and services. The software segment held the larger market share in 2022.
Based on end user, the market comprises hospital labs, independent labs, and physician office labs. The hospital labs segment commanded the largest market share in 2022.
Finally, by country, the market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. Germany was the dominant market share holder in 2022.
Key players in the laboratory information system (LIS) market in the region include AAC Infotray AG, CompuGroup Medical, Illumina, Inc., LabLynx, Inc., LabVantage Solutions, Inc., McKESSON CORPORATION, and Thermo Fisher Scientific Inc.
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