Europe
Laboratory Information System (LIS) Market Size,
Competitors Strategy, Regional Analysis and Industry Growth
(2022-2028)

The Europe laboratory information system
(LIS) market 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 advantage, laboratory
information system (LIS) market players are actively introducing innovative
solutions. For instance, in March 2021, Autoscribe Informatics released an
upgraded version of its Regulated Manufacturing LIMS. This specific offering,
built upon the Matrix Gemini LIS solution, is perfectly suited for all
manufacturing organizations, including highly regulated industries such as
medical devices and pharmaceuticals. This web-enabled iteration is designed to
enhance the user experience through both a superior visual aesthetic and
expanded flexibility in user setup, dashboards, reports, and other components
crucial for SoftBank users. The software boasts a single, integrated platform
with a unified user interface. Additionally, it incorporates customizable
workflows, the capability to automate routine tasks, and powerful 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 that effectively manage the laboratory’s data security,
while also providing convenient 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 significant position in the global
laboratory information management systems market and is anticipated to
experience robust growth throughout the forecast period. This expansion is
primarily driven by increasing R&D expenditure, the rapid growth of
pharmaceutical companies, and the escalating adoption of information technology
solutions for clinical decision support. These factors are collectively driving
market growth. Furthermore, the market for laboratory information systems is
poised for continued growth due to ongoing advancements within the healthcare
sector. Germany is the leading market for medical technology in the European
region. According to Germany Trade & Invest in 2019, the German Medical
Technology Industry generated €33.4 billion in sales (domestic and exports) and
notably invested 9% of its annual turnover in R&D expenses.

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Europe Laboratory Information System (LIS) Market
Segmentation

The Europe laboratory information system (LIS) market is
thoroughly 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 held 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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