Laboratory Information Systems Market Size Worth $ 2, 661.1 Million By 2026 | CAGR: 6.8%

The global Laboratory Information Systems market size is expected to reach USD 2, 661.1 billion by 2026 according to a new study by WhipSmart MI Research. The report “Laboratory Information Systems Market by Component (Software and Services), Business Function (IT, Marketing and Sales, Finance, Production, and HR), Deployment Model (On-Premises and On-Demand), Organization Size, Industry and By Regions, Segments & Forecast, 2019 - 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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Laboratory automation is rising as a good resolution for tackling the shortage of research laboratory professionals and also the have to be compelled to reduce manual intervention in lab processes. The automation of routine research lab procedures. With the help of devoted workstations and computer code to program instruments. Improves research lab productivity, and allows individual researchers to target vital tasks. Automation provides top quality knowledge and facilitates higher documentation. The presence of superordinate standards. Coupled with rigorous restrictive necessities for error-free results. Helps within the development of standardized systems with duplicable results. research lab automation reduces the amount of human errors occurring because of repetitive tasks like pi petting and moving plates.
The laboratory services which includes pathology services are going under various changes due to new market pressures like increasing workloads, cost constraints and technological advancements. LIS are becoming increasingly important in laboratory medicine as it decreases turnaround time, reducing costs, and providing access to subject-matter expertise, thus improving laboratory diagnosis and patient care.
In the global Laboratory Information Systems market, North America is that the largest phase within the LIS market. This is often principally thanks to the increasing cancer prevalence, favorable compensation policies and favorable initiatives by metal governments.
Regulations play a vital role within the adoption and implementation of LIS solutions as an example, the purposeful Use program additional importance to the maintenance and implementation of LIS within the US. The Centers for health care Services (CMS) oversees this program, which has criteria for LIS testing and certification.
The key players in the market Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology, Inc., SCC Soft Computer, Sunquest Information Systems, Inc., CompuGroup Medical AG, Computer Programs and Systems, Inc., Merge Healthcare, Inc., and Orchard Software Corporation and among others. Development of distribution channels, novel product development and aggressive marketing campaigning are some of the success factors in the industry.
WhipSmart MI Market research has segmented the Laboratory Information Systems market report on the basis of product, component, delivery mode, end-user and region
Laboratory Information Systems Product Outlook (Revenue, USD Million, 2019 – 2026)
Standalone LIS
Integrated LIS
Laboratory Information Systems Component Outlook (Revenue, USD Million, 2019 – 2026)
Service
Software
Laboratory Information Systems Delivery Mode Outlook (Revenue, USD Million, 2019 – 2026)
On-premise LIS
Cloud-based LIS
Laboratory Information Systems End-User Outlook (Revenue, USD Million, 2019 – 2026)
Hospital laboratories
Independent Laboratories
Physician Office Laboratories
Other
Laboratory Information Systems Regional Outlook (Revenue, USD Million, 2019 – 2026)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Russia
Asia Pacific
Japan
Korea
Latin America
Mexico
Brazil
Colombia
Middle East & Africa
Saudi Arabia
Israel

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