Laboratory Information Systems Market at 7.3% of CAGR Grows with Cerner Co, Recent Developments, Eclipsys Co, LabVantage Solutions Inc, LabWare Inc, McKesson Co etc. By 2027

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.

LIS, used in both large and small-scale companies, provide a platform to automatically obtain, store and archive information, track samples, and generate reports efficiently. The LIS products vary widely in terms of cost, sophistication, and industrial focus. As industrial and medical laboratories are diverse with different requirements, hence, there is no standard information system designed for laboratories. Therefore, a LIS is customized, developed, and configured according to the requirements of a laboratory.

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Laboratory Information Systems Market - Key Players

The key players that are involved in Global Laboratory Information Systems market are Cerner Corporation, Recent Developments, 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

Laboratory Information Systems Market - Industry Updates

Nov, 2014 Thermo Fisher launched a new ultracentrifuge which combines speed with safety and ergonomics, allowing researchers to easily protect samples while achieving reliable and consistent results.

Sept, 2014 Cerner announced a strategic agreement with Intermountain Healthcare to provide clinical governance of solutions and workflow to be proposed for the Department of Defense’s Healthcare Management System Modernization (DHMSM) initiative.

Aug, 2014 Cerner Corporation and Siemens AG signed a definitive agreement for Cerner to acquire the assets of Siemens’ health information technology business unit, Siemens Health Services, for $1.3 billion in cash. As part of the agreement, Cerner and Siemens will form a strategic alliance to bring new solutions to market that combine Cerner’s health IT leadership and Siemens’ strengths in medical devices and imaging services.

March, 2014 LabVantage launched a new product known as LabVantage 7 Express for quality controlled smaller labs.

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.

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