Laboratory Information System (LIS) Market estimated to grow at Impressive CAGR of in the forecast period (2018-2025)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Laboratory Information System (LIS) Market is expected to inflate at impressive CAGR of by the forecast period (2018 – 2025).

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Highlights of the Report:
LIMS or Laboratory information system or Laboratory management system is a software-based system used to manage all state of art clinical laboratory operations. The software-based system manages everything from the order entry, result in entry, patient check in, specimen processing, patient demographics to final report dispatch reducing the human negligence to nearly zero. This system mainly enables the technicians to enter results into a database that is accessible to authorised users when a patient’s samples are tested at Hospital’s Diagnostic Centre, Independent Clinical Laboratories and /or Contract Research Organizations.

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Market Segments
The success of LIMS depends on flexibility, scalability and efficiency. LIM’s scalability must support the growth of the laboratory and medical practice; while flexibility to interface with modern, point-of-care telehealth technologies in ways that enable laboratory to drive today’s precision medicine healthcare initiatives. Another formula for success is a strong after sales team which can remain in touch with the buyer and understand his changing needs, when to replace or upgrade an existing software, when to save their system from technical glitch. Due to high volume of service providers in LIMS space, the competition is high and small outputs can build or brake reputation of the LIMS companies across the globe.

The report not only investigates the segmentation by deployment and type but also covers the voice of customers and regional splits and identifies the opportunities in the regions like APAC, the Middle East, South America, North America and Western Europe.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

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