North America Laboratory Information System (LIS) Market | Trends Analysis and Industry Forecast to 2024

The North America LIS market is expected to grow at a CAGR 5.9% in the forecasted period 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 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.

The U.S. holds the lion’s share of the North America laboratory information systems market. This is attributed to factors such as growth in laboratory automation, technological advancements, and government incentives. In addition to this, the increasing incidence/prevalence of life-threatening diseases such as cancer, cardiovascular diseases, HIV-AIDS, increasing population, and reimbursement programs result in larger amounts of data that have to be managed, thereby encouraging the growth of the LIS market in North America. North America also harbours a majority of the manufacturers of this technology. The region has been conducting maximum research and implementation of products related to laboratory information systems.

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The market is segmented into product type Standalone and Integrated LIS.
Based on geography the North America LIS market is segmented into 3 countries U.S., Canada, Mexico. U.S. is expected to dominate the market followed by Canada. U.S. is also expected to grow at the highest rate.
In-depth profiling of key players have been conducted along with recent developments (new product launches & partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the North American laboratory information systems market.

Sunquest Information Systems, Cerner Corporation, SSC Soft Computer, Compu Group Medical AG, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Orchard Software Corporation, Allscripts, Quest Diagnostics Incorporated, Computer Programs and Systems (CPSI), and Merge Healthcare are some of the key players in the market. Other players in this market include Comp Pro Med, Psyche Systems, Technidata America, and Siemens Medical Solutions, among others.

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