Global Market Analysis of Laboratory Information Systems (LIS) Market
The global laboratory information systems (LIS) market is expected to reach USD 2.9 billion by 2024 from USD 1.3 billion in 2016, growing at a CAGR of 10.1% during the forecast period from 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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The report begins with a fundamental Laboratory Information System (LIS) advertise outline. It likewise goes about as a key device to ventures dynamic over the esteem chain and for new contestants by empowering them to exploit the open doors and create business procedures
Global Laboratory Information Systems (LIS) Market, By Product Type (Standalone LIS, Integrated LIS), By Device Type (Clinical LIS, Anatomical LIS), By Components (Services, software), By Delivery Mode (On-Premise, Remotely-Hosted, Cloud-Based) By End-User (Clinical Diagnostic Laboratories, Hospitals, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2024.
Frequently Asked Questions?
What will the market size be in 2024?
What are the key factors driving the global market?
What are the challenges to market growth?
Who are the key players in the market?
What are the market opportunities and threats faced by the key players?
What will be the growth rate in 2024?
Which strategies are used by top players in the Laboratory Information Management System market?
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Competitive Analysis and Key Point
The deployment of integrated healthcare systems helps facilitate a smooth exchange of patient data across different healthcare organizations. The emergence of new and complex tests, along with the necessity to make test results readily available for clinicians, presents significant challenges for laboratory managers/technicians. In order to take effective decisions, clinicians require a patient care summary. This in turn requires an integrated system that provides the entire diagnostic information in one database. A completely integrated LIS addresses various patient safety issues, enhances the quality of care, provides patient information at a single point of access, and eliminates the gaps in communication between care providers. The benefits associated with integrated solutions are better workflow, elimination of costs of maintaining interfaces between two software, easy retrieval of clinical data, and quick feedback for clinicians. These benefits make it easier for hospitals to replace their traditional LIS systems with an integrated LIS.
Market Segmentation by Geography
Based on geography the digital LIS market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising focus on healthcare data maintenance and integration among healthcare providers and payers.
Top Competitors of Market
- Sunquest Information Systems,
- Cerner Corporation,
- SSC Soft Computer,
- Compu Group Medical AG,
- McKesson Corporation,
- Epic Systems Corporation,
- Medical Information Technology,
- Orchard Software Corporation,
- Quest Diagnostics Incorporated,
- Computer Programs and Systems (CPSI),
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