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Europe Laboratory Information System (LIS) Market Research Report with Latest Trend, Share, Size For USD 538.3 million Industry - Germany holds the major share of the European laboratory information systems market and Forecast to 2024
Press release from: Data Bridge Market Research
A laboratory information management system (LIMS), sometimes referred to as a laboratory information system (LIS) or laboratory management system (LMS), is a software-based solution with features that support a modern laboratory's operations
The European laboratory information systems market is expected to reach USD 538.3 million by 2024 from USD 308.6 million in 2016, growing at a CAGR of 7.2% during the forecast 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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Germany holds the major share of the European 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 globally.
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
Europe 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 Country (Germany, France, U.K., Spain, Italy, Russia, Netherlands, Turkey, Belgium, Switzerland, Rest of Europe) – Industry Trends and Forecast to 2024
Frequently Asked Questions?
What will the market size be in 2024?
What are the key factors driving the European 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.
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Market Segmentation by Geography
Based on geography the market is segmented into 11 countries,
• Switzerland and rest of Europe
Germany is expected to dominate the market, while U.K. and France are expected to be the growing with highest CAGR in the forecast period.
Top Competitors of Market
• McKesson Corporation,
• Epic Systems Corporation,
• Medical Information Technology,
• Sunquest Information Systems,
• Cerner Corporation,
• SSC Soft Computer,
• Compu Group Medical AG,
• Orchard Software Corporation,
• Quest Diagnostics Incorporated,
• Computer Programs and Systems (CPSI),
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This release was published on openPR.
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