Why is Laboratory Information System Market Expected to Surge in U.S. Fastest?

The global laboratory information system (LIS) market is predicted to demonstrate huge expansion in the coming years. The ballooning requirement for integrated information systems and devices in the healthcare industry, huge investments being made in technology by healthcare firms, and the increasing number of government initiatives being launched in several countries around the world are the major factors fueling the progress of the market. These initiatives are aimed at promoting the usage of advanced healthcare technologies. 

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Laboratory Information System Market | Revenue Forecast, 2030

The global laboratory information system (LIS) market is expected to showcase a CAGR of 6.5% during the forecast period. Need for advanced healthcare information systems is a key trend observed in the LIS industry, globally.

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Geographically, the North American laboratory information system market is currently the most lucrative one and is predicted to exhibit huge expansion in the future. The main factors causing the boom of the market are the rising incidence of chronic diseases and the growing requirement for advanced treatment and diagnostic technologies in the region. In North America, the U.S. will dominate the market in the coming years, as per the estimates of P&S Intelligence, a market research firm based in India.