Worldwide Laboratory Information Systems Market Future Forecasts up to 2027 | CAGR 7.3% Expected with Medical Information Technology Inc., Merge Healthcare Inc and Moiré

Global Laboratory Information Systems Market - Overview

Laboratory information system (LIS) is a comprehensive information system developed and configured to process, store and manage information pertaining to industrial and medical-related laboratories which include clinical and analytical laboratories. LIS plays an important role in streamlining the process and generating high quality data to support effective clinical decisions. The LIS provides information that helps hospitals in the diagnosis, prevention, management and treatment of diseases, and acts an indicator for public health. The LIS has now emerged as a necessity for both small and large diagnostic and drug companies’ laboratories. The ability of both clinical and analytical laboratories to better manage data and incorporate collaborative technological tools into their day-to-day operations has become critical to remain competitive.

There are various different applications of LIS including drug delivery and clinical diagnostics. LIS in clinical diagnostics includes anatomic pathology systems; microbiology, genetic and molecular diagnostics support systems; blood bank systems; and billing or accounts receivable or revenue cycle management (RCM) systems.

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The Global LIS Market is expected to grow at a CAGR of 7.3% between 2016 and 2027, driven by growth from both developed and emerging markets.

Top 10 Players of Laboratory Information Systems Market

Cerner Corporation, Eclipsys Corporation, LabVantage Solutions Inc, LabWare Inc., McKesson Corporation, Medical Information Technology Inc., Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc. are some of the prominent players at the forefront of competition in the global laboratory information systems market and are profiled in MRFR Analysis.

Laboratory Information Systems Market Segments

Segmentation by Applications

Segmentation for Laboratory Information Systems market involves the following Applications such Clinical LIS Market, Drug Discovery LIS Market, Industrial LIS Market.

Segmentation by Components

Segmentation for Laboratory Information Systems market involves the following Components such as Software in LIS Market, Hardware in LIS Market, Services in LIS Market.

Segmentation by Delivery

Segmentation for Laboratory Information Systems market involves the following Delivery such as Web-based LIS Market, On-premise based LIS Market, Cloud-based LIS Market

Global Laboratory Information Systems Market – Regional

Cerner Corporation, Eclipsys Corporation, LabVantage Solutions Inc, LabWare Inc., McKesson Corporation, Medical Information Technology Inc., Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc. are some of the prominent players at the forefront of competition in the global laboratory information systems market and are profiled in MRFR Analysis.

Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.

The North America dominated the global Laboratory Information Systems market. The adoption of cloud computing is expected to rise in the U.S. healthcare sector due to continuous pressure to lower cost for customized healthcare services. According to clauses of the HIPAA, the healthcare industry in the U.S. has to adopt new systems that support electronic medical records (EMR) and share data in an efficient and secure manner with other healthcare providers and government agencies. This will lead to higher adoption of cloud-based LIS, which allow laboratories to share real-time information with hospitals and patients. In terms of LIS usage, North American and Western European markets are witnessing penetration, due to early adoption of healthcare technologies.

The European LIS market is expected to grow moderately, driven by higher incidence rate of diseases and increasing patient awareness about new technologies. In addition, various government initiatives also helped in promoting the usage of LIS. Increasing demand for better healthcare facilities and rising need for integrated healthcare systems in the two regions are some of the key driving factors for these markets.

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The LIS market is expected to grow in Asia-Pacific (APAC) due to increase in the incidences of diseases. Asia and Latin America are among the fastest growing markets for LIS; rising investments from healthcare IT players and government initiatives are some of the key driving factors for LIS in these regions. Many international LIS firms have started investing in developing regions of the world, such as Asia and Latin America, in order to increase their presence in high potential markets.

Major TOC for Laboratory Information Systems Market:

1 REPORT PROLOGUE

2 GLOBAL Laboratory Information Systems: INTRODUCTION

2.1 DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 RESEARCH OBJECTIVE

2.2.2 ASSUMPTIONS

2.2.3 LIMITATIONS

2.3 MARKET STRUCTURE

2.4. MARKET SEGMENTATION

2.4.1 MARKET SEGMENTATION ON THE BASIS OF SECURITY SOLUTIONS

2.4.2 MARKET SEGMENTATION ON THE BASIS OF SECURITY SERVICES

3 GLOBAL Laboratory Information Systems: RESEARCH METHODOLOGY

3.1 RESEARCH PROCESS

3.2 PRIMARY RESEARCH

3.3 SECONDARY RESEARCH

3.4 MARKET SIZE ESTIMATION

3.5 FORECAST MODEL

TOC Continued…!

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This release was published on openPR.