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Global Laboratory Information Systems (LIS) Market to Reach US$2.4 Billion by the Year 2026

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New York, June 07, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Laboratory Information Systems (LIS) Industry” – https://www.reportlinker.com/p05957217/?utm_source=GNW
– Online interactive peer-to-peer collaborative bespoke updates
– Access to our digital archives and MarketGlass Research Platform
– Complimentary updates for one year
– Global Laboratory Information Systems (LIS) Market to Reach US$2.4 Billion by the Year 2026

– LIS is advanced software that stores and manages data in laboratories, and is used for sending test orders, recording laboratory test results, sorting data in databases. These platforms are widely used by clinics, hospitals and diagnostic laboratories to maintain data related to tests and medical history of patients, track data quality and send laboratory test orders. The demand for LIS is driven by their ability to enhance productivity, allow precise and accurate diagnosis, reduce diagnostic errors and improve patient satisfaction. The global market is poised to register significant growth in the future due to various factors such as rising incidence of chronic diseases, the huge volume of test data obtained from clinical testing, the need for enhanced lab automation and efficiency. The global market for these systems is also propelled by increasing adoption of digital solutions to store, retrieve and maintain data in real-time. These systems are offered by sophisticated analytic tools to deal with healthcare issues and improve overall productivity. The market is gaining from the need to reduce diagnostic errors, use of LIS to boost laboratory workflow efficiency, and incorporation of these systems with EHR systems. However, factors such as high maintenance cost, shortage of skilled professionals, and need for specialized laboratories remain key challenges for the market. On the other hand, huge investments by governments in LIS, increasing need for customized systems with data security functions and availability of advanced platforms are expected to present new growth avenues for the market. Rising adoption of laboratory automation and advances in R&D, particularly in biotechnology and pharmaceutical industries, are slated to push the market growth.

– Amid the COVID-19 crisis, the global market for Laboratory Information Systems (LIS) estimated at US$1.7 Billion in the year 2022, is projected to reach a revised size of US$2.4 Billion by 2026, growing at a CAGR of 9.2% over the analysis period. Standalone, one of the segments analyzed in the report, is projected to grow at a 6.6% CAGR to reach US$1.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Integrated segment is readjusted to a revised 12.2% CAGR for the next 7-year period. This segment currently accounts for a 41.9% share of the global Laboratory Information Systems (LIS) market. Based on product, standalone LIS segment is poised to hold a major share of the market during the analysis period, owing to key factors such as user-friendly nature, enhanced data security, affordability, and ability to work offline. As standalone LIS are not part of a software package, their ability to work offline augments its implementation. Technological innovations is also expected to further boost demand for standalone LIS. Integrated LIS is projected to witness faster growth during the analysis period. Against a backdrop of rising adoption of EMR, healthcare institutions are striving to achieve interoperability and standardization. This in turn spurred the shift from best-of-breed or standalone LIS to deployment of enterprise-wide integrated LIS. Integrated LIS lower dependencies on interfaces, vendor contracts, and total cost of ownership. The U.S. Market is Estimated at $825.5 Million in 2022, While China is Forecast to Reach $148.5 Million by 2026

– The Laboratory Information Systems (LIS) market in the U.S. is estimated at US$825.5 Million in the year 2022. The country currently accounts for a 52.9% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$148.5 Million in the year 2026 trailing a CAGR of 12.2% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7% and 7.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR while Rest of European market (as defined in the study) will reach US$166.8 Million by the close of the analysis period. The US is at the forefront of adoption of LIS systems and dominates the global market, owing to favorable reimbursement policies in the country, for pathology procedures. The region is exhibiting strong gains on account of technological advancements and expansion of the healthcare sector, encompassing clinical research laboratories and diagnostic centers. Europe is another lucrative market for LIS. Developed countries like Germany for instance, are increasingly embracing automation in healthcare for reducing need for workforce. Healthcare providers in such markets are eagerly focusing on deploying automation like LIS for providing quality care to patients. The LIS market in Asia-Pacific, mainly China, is projected to post the fastest growth rate in the coming years due to extensive penetration of these systems in the region on account of surge in personalized medicine demand in the country and also rapid propagation of cloud LIS. Select Competitors (Total 254 Featured) Cerner Corporation Cirdan Comp Pro Med, Inc. CompuGroup Medical AG Margy Tech Pvt Ltd. McKesson Corporation Meditech Orchard Software Corporation Soft Computer Consultants Inc. Sunquest Information Systems, Inc. XIFIN Inc.

Read the full report: https://www.reportlinker.com/p05957217/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
The Never-Ending ?Race? Between the Virus & Vaccines Continues.
Amidst this Chaotic Battle, Where is the World Economy Heading
Now & Beyond?
Omicron Variant Brings Back Memories & Fears of the Worst Part
of the 2020 Pandemic
EXHIBIT 1: Time is of Essence! What We Know So Far – ?Vaccine
Efficiency Against New Strains?
With New Strains Emerging at an Alarming Rate, Focus Shifts to
Booster Doses & Vaccine Tweaking. But How Practical Is It to
Implement Them?
EXHIBIT 2: With Vaccinated Population Showing Signs of
Declining Clinical Protection, Booster Doses Are Emerging Into
a Necessity to Restore Vaccine Effectiveness: Number of
Booster Doses Administered Per 100 People by Country as of
December 2021
With IMF Making an Upward Revision of Global GDP for 2022,
Companies Are Bullish About a Continuing Economic Comeback
Despite a Prolonging Pandemic
EXHIBIT 3: A Strong Yet Uncertain Recovery Shaped by New
Variants Comes Into Play: World Economic Growth Projections:
(Real GDP, Annual % Change) for 2020 through 2022
Overwhelming COVID-19 Testing Volumes Elevate Demand for
Laboratory Information Systems
EXHIBIT 4: Laboratory Information Systems (LIS) – Global Key
Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence – Strong/Active/Niche/Trivial for
254 Players Worldwide in 2022 (E)
A Prelude to Laboratory Information Systems (LIS)
Functions of an Effective LIS
Global Laboratory Information Systems Market to Witness Rapid
Growth
Standalone LIS Holds Major Share
Services Segment Dominates the LIS Market, Software to Witness
Higher Growth during the Forecast Period
On-Premise LIS Holds Major Share Due to Customization Benefits
Cloud-based LIS Model to Grow in Prominence due to Many
Benefits Offered over Traditional, On-Premise Models
US Holds Clear Edge over Other Regions, Asia-Pacific to Exhibit
Fastest Growth
RECENT MARKET ACTIVITY

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Introduction of Advanced Technologies Fuel Demand for
Laboratory Information Systems
Digitization of Healthcare Drives Integration of LIS
Accelerating Pace of Digital Pathology Increase Adoption
Increasing Concerns Pertaining to Data Integrity Fuel Demand
for Laboratory Information Systems
Introduction of Stringent Data Protection Guidelines Propel
Demand for Laboratory Information System Software
Use of Easy to Integrate Laboratory Information Systems Gain
Momentum
Artificial Intelligence Gains Prominence
EXHIBIT 5: AI Spending in Healthcare & Life sciences in US$
Million for Years 2020 & 2025
Burgeoning Population and Rising Incidence of Chronic Diseases:
A Key Market Driver for LIS
EXHIBIT 6: Fatalities by Heart Conditions – Estimated
Percentage Breakdown for Cardiovascular Disease, Ischemic
Heart Disease, Stroke, and Others
EXHIBIT 7: Global Cancer Incidence: Number of New Cancer Cases
in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
EXHIBIT 8: Breakdown of Total Number of Cancer Cases by Cancer
Site: 2020
EXHIBIT 9: Rising Diabetes Prevalence Presents Opportunity for
iPSCs Market: Number of Adults (20-79) with Diabetes
(in Millions) by Region for 2017 and 2045
Aging Demographics Add to the Global Burden of Chronic
Diseases, Presenting Opportunities for Laboratory Information
System/LIS market
EXHIBIT 10: Expanding Elderly Population Worldwide: Breakdown
of Number of People Aged 65+ Years in Million by Geographic
Region for the Years 2019 and 2030
Growing Adoption of Laboratory Automation Drives the Need for LIS
Rise of Laboratory 4.0 to Spur the Adoption of LIS
EXHIBIT 11: World Laboratory Automation Market in US$ Billion
for Years 2018, 2020, 2022, 2024 & 2026
Laboratory Information Systems Gain Traction amidst Growing
Need to Enhance Workflow Efficiencies and Reduce Costs
Rise in Molecular Testing Volumes to Elevate Demand
EXHIBIT 12: Global Genetic Testing Market in US$ Million: 2015,
2020, & 2025
Improving Healthcare Expenditure to Turbo Charge Future Growth
of the Market
EXHIBIT 13: World Healthcare Expenditure (In US$ Billion) for
the Years 2017-2023
EXHIBIT 14: Elderly Healthcare Expenditure as a % of GDP
Need to Improve Diagnostics Accuracy
Increasing Popularity of Enterprise LIS
Rise in Consolidation of Healthcare Providers Creates Need for
Robust and Comprehensive LIS
Growing Emphasis on Personalized Medicine to Support Growth
EXHIBIT 15: Global Personalized Medicine Market: Revenues in
US$ Million for the Years 2019, 2021, 2023 and 2025
Rise in Investment in R&D Activity to Spur Growth
Shortage of Trained Professionals Hinders Adoption Rate

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Laboratory Information
Systems (LIS) by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2012
through 2019 and % CAGR

Table 3: World 15-Year Perspective for Laboratory Information
Systems (LIS) by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets for Years 2012, 2021 &
2027

Table 4: World Recent Past, Current & Future Analysis for
Standalone by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 and % CAGR

Table 5: World Historic Review for Standalone by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for Standalone by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2012, 2021 & 2027

Table 7: World Recent Past, Current & Future Analysis for
Integrated by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 and % CAGR

Table 8: World Historic Review for Integrated by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Integrated by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2012, 2021 & 2027

Table 10: World Recent Past, Current & Future Analysis for
On-Premise by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 and % CAGR

Table 11: World Historic Review for On-Premise by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 12: World 15-Year Perspective for On-Premise by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2021 & 2027

Table 13: World Recent Past, Current & Future Analysis for
Cloud by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2020 through 2027
and % CAGR

Table 14: World Historic Review for Cloud by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World Markets – Independent Analysis of Annual Revenues in US$
Thousand for Years 2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Cloud by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2012, 2021 & 2027

Table 16: World Recent Past, Current & Future Analysis for
Services by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 and % CAGR

Table 17: World Historic Review for Services by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 18: World 15-Year Perspective for Services by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2012, 2021 & 2027

Table 19: World Recent Past, Current & Future Analysis for
Software by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific and Rest of World Markets – Independent
Analysis of Annual Revenues in US$ Thousand for Years 2020
through 2027 and % CAGR

Table 20: World Historic Review for Software by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific and
Rest of World Markets – Independent Analysis of Annual Revenues
in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Software by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific and Rest of World
for Years 2012, 2021 & 2027

Table 22: World Recent Past, Current & Future Analysis for
Hospital Laboratories by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Hospital Laboratories by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 24: World 15-Year Perspective for Hospital Laboratories
by Geographic Region – Percentage Breakdown of Value Revenues
for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2021 & 2027

Table 25: World Recent Past, Current & Future Analysis for
Independent Laboratories by Geographic Region – USA, Canada,
Japan, China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 26: World Historic Review for Independent Laboratories by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 27: World 15-Year Perspective for Independent
Laboratories by Geographic Region – Percentage Breakdown of
Value Revenues for USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World for Years 2012, 2021 & 2027

Table 28: World Recent Past, Current & Future Analysis for
Other End-Uses by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 29: World Historic Review for Other End-Uses by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific and Rest of World Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 30: World 15-Year Perspective for Other End-Uses by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of
World for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Laboratory Information Systems (LIS) Market Presence – Strong/
Active/Niche/Trivial – Key Competitors in the United States
for 2022 (E)
Market Analytics
Table 31: USA Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 32: USA Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 33: USA 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 34: USA Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 35: USA Historic Review for Laboratory Information
Systems (LIS) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 36: USA 15-Year Perspective for Laboratory Information
Systems (LIS) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2012, 2021 &
2027

Table 37: USA Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Component – Services
and Software – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 38: USA Historic Review for Laboratory Information
Systems (LIS) by Component – Services and Software Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 39: USA 15-Year Perspective for Laboratory Information
Systems (LIS) by Component – Percentage Breakdown of Value
Revenues for Services and Software for the Years 2012, 2021 &
2027

Table 40: USA Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by End-Use – Hospital
Laboratories, Independent Laboratories and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 41: USA Historic Review for Laboratory Information
Systems (LIS) by End-Use – Hospital Laboratories, Independent
Laboratories and Other End-Uses Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 42: USA 15-Year Perspective for Laboratory Information
Systems (LIS) by End-Use – Percentage Breakdown of Value
Revenues for Hospital Laboratories, Independent Laboratories
and Other End-Uses for the Years 2012, 2021 & 2027

CANADA
Table 43: Canada Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 44: Canada Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 45: Canada 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 46: Canada Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 47: Canada Historic Review for Laboratory Information
Systems (LIS) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 48: Canada 15-Year Perspective for Laboratory Information
Systems (LIS) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2012, 2021 &
2027

Table 49: Canada Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Component – Services
and Software – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 50: Canada Historic Review for Laboratory Information
Systems (LIS) by Component – Services and Software Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 51: Canada 15-Year Perspective for Laboratory Information
Systems (LIS) by Component – Percentage Breakdown of Value
Revenues for Services and Software for the Years 2012, 2021 &
2027

Table 52: Canada Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by End-Use – Hospital
Laboratories, Independent Laboratories and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 53: Canada Historic Review for Laboratory Information
Systems (LIS) by End-Use – Hospital Laboratories, Independent
Laboratories and Other End-Uses Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 54: Canada 15-Year Perspective for Laboratory Information
Systems (LIS) by End-Use – Percentage Breakdown of Value
Revenues for Hospital Laboratories, Independent Laboratories
and Other End-Uses for the Years 2012, 2021 & 2027

JAPAN
Table 55: Japan Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 56: Japan Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 57: Japan 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 58: Japan Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 59: Japan Historic Review for Laboratory Information
Systems (LIS) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 60: Japan 15-Year Perspective for Laboratory Information
Systems (LIS) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2012, 2021 &
2027

Table 61: Japan Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Component – Services
and Software – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 62: Japan Historic Review for Laboratory Information
Systems (LIS) by Component – Services and Software Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 63: Japan 15-Year Perspective for Laboratory Information
Systems (LIS) by Component – Percentage Breakdown of Value
Revenues for Services and Software for the Years 2012, 2021 &
2027

Table 64: Japan Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by End-Use – Hospital
Laboratories, Independent Laboratories and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 65: Japan Historic Review for Laboratory Information
Systems (LIS) by End-Use – Hospital Laboratories, Independent
Laboratories and Other End-Uses Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 66: Japan 15-Year Perspective for Laboratory Information
Systems (LIS) by End-Use – Percentage Breakdown of Value
Revenues for Hospital Laboratories, Independent Laboratories
and Other End-Uses for the Years 2012, 2021 & 2027

CHINA
Table 67: China Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 68: China Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 69: China 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 70: China Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 71: China Historic Review for Laboratory Information
Systems (LIS) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 72: China 15-Year Perspective for Laboratory Information
Systems (LIS) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2012, 2021 &
2027

Table 73: China Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Component – Services
and Software – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 74: China Historic Review for Laboratory Information
Systems (LIS) by Component – Services and Software Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 75: China 15-Year Perspective for Laboratory Information
Systems (LIS) by Component – Percentage Breakdown of Value
Revenues for Services and Software for the Years 2012, 2021 &
2027

Table 76: China Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by End-Use – Hospital
Laboratories, Independent Laboratories and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 77: China Historic Review for Laboratory Information
Systems (LIS) by End-Use – Hospital Laboratories, Independent
Laboratories and Other End-Uses Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 78: China 15-Year Perspective for Laboratory Information
Systems (LIS) by End-Use – Percentage Breakdown of Value
Revenues for Hospital Laboratories, Independent Laboratories
and Other End-Uses for the Years 2012, 2021 & 2027

EUROPE
Laboratory Information Systems (LIS) Market Presence – Strong/
Active/Niche/Trivial – Key Competitors in Europe for 2022 (E)
Market Analytics
Table 79: Europe Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Geographic Region –
France, Germany, Italy, UK and Rest of Europe Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2020 through 2027 and % CAGR

Table 80: Europe Historic Review for Laboratory Information
Systems (LIS) by Geographic Region – France, Germany, Italy, UK
and Rest of Europe Markets – Independent Analysis of Annual
Revenues in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 81: Europe 15-Year Perspective for Laboratory Information
Systems (LIS) by Geographic Region – Percentage Breakdown of
Value Revenues for France, Germany, Italy, UK and Rest of
Europe Markets for Years 2012, 2021 & 2027

Table 82: Europe Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 83: Europe Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 84: Europe 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 85: Europe Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 86: Europe Historic Review for Laboratory Information
Systems (LIS) by Deployment – On-Premise and Cloud Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 87: Europe 15-Year Perspective for Laboratory Information
Systems (LIS) by Deployment – Percentage Breakdown of Value
Revenues for On-Premise and Cloud for the Years 2012, 2021 &
2027

Table 88: Europe Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Component – Services
and Software – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 89: Europe Historic Review for Laboratory Information
Systems (LIS) by Component – Services and Software Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 90: Europe 15-Year Perspective for Laboratory Information
Systems (LIS) by Component – Percentage Breakdown of Value
Revenues for Services and Software for the Years 2012, 2021 &
2027

Table 91: Europe Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by End-Use – Hospital
Laboratories, Independent Laboratories and Other End-Uses –
Independent Analysis of Annual Revenues in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 92: Europe Historic Review for Laboratory Information
Systems (LIS) by End-Use – Hospital Laboratories, Independent
Laboratories and Other End-Uses Markets – Independent Analysis
of Annual Revenues in US$ Thousand for Years 2012 through 2019
and % CAGR

Table 93: Europe 15-Year Perspective for Laboratory Information
Systems (LIS) by End-Use – Percentage Breakdown of Value
Revenues for Hospital Laboratories, Independent Laboratories
and Other End-Uses for the Years 2012, 2021 & 2027

FRANCE
Table 94: France Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Product – Standalone
and Integrated – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 95: France Historic Review for Laboratory Information
Systems (LIS) by Product – Standalone and Integrated Markets –
Independent Analysis of Annual Revenues in US$ Thousand for
Years 2012 through 2019 and % CAGR

Table 96: France 15-Year Perspective for Laboratory Information
Systems (LIS) by Product – Percentage Breakdown of Value
Revenues for Standalone and Integrated for the Years 2012, 2021 &
2027

Table 97: France Recent Past, Current & Future Analysis for
Laboratory Information Systems (LIS) by Deployment – On-Premise
and Cloud – Independent Analysis of Annual Revenues in US$
Thousand for the Years 2020 through 2027 and % CAGR

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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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