Europe Laboratory Information System (LIS) Market Business Development by 2024 - Top players are Sunquest Information Systems, Cerner Corporation, SCC Soft Computer, CompuGroup Medical US, CompuGroup Medical SE, McKesson, Epic, Medical Information Technol

The Europe Laboratory Information Systems (LIS) Market is a synopsis to the study of Healthcare IT industry and the report also provides valuable insights about the leading drivers, upcoming trends, applications and challenges, determined by our Experts. SWOT analysis is the method to tell any market’s strengths and weaknesses (i.e. drivers and restrains) so that you know on what to stick and what to avoid, this report not only consists SWOT analysis but also provides with the CAGR value fluctuation on the Forecast period of 2018-2024. There are several brands and key players that are driving the Europe Laboratory Information Systems (LIS) market and in turn changing the face of industry. The study provides forecast and estimates of Europe Laboratory Information Systems (LIS) market for each product in terms of revenue and volume during the forecast period.

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.

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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

Well known players of Europe Laboratory Information Systems (LIS) Market are Sunquest Information Systems, Cerner Corporation, SCC Soft Computer, CompuGroup Medical US, CompuGroup Medical SE, McKesson, Epic, Medical Information Technology Solutions, MEDITECH, Orchard Software, Allscripts, Quest Diagnostics, CPSI, Merge Healthcare, an IBM Company, Comp Pro Med, Psyche Systems Corporation, TechniData America, Siemens Healthineers, Siemens, Evident.io, LabWare, Abbott,CompuGroup Medical Schweiz AG and others.

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.

Market Segments

Based on geography the market is segmented into 11 countries,

• Germany,
• France,
• U.K.,
• Italy,
• Spain,
• Russia,
• Turkey,
• Netherlands,
• Belgium,
• 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.

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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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