Laboratory Information Systems Market 2021: Rapidly Develop | Top Players are Cerner Corp., Sunquest Information Systems, Evident, McKesson

Laboratory information systems are widely employed in diagnostic laboratories, clinics, and hospitals for the purpose of coordinating a number of inpatient and outpatient medical tests. These systems also find extensive application in the fields of hematology, chemistry, immunology, pathology, and microbiology. Therefore, the global laboratory information systems market is projected to accumulate US$ 3,266.2 million, in terms of value, by the end of 2027.

Escalating demand for personalized medicine in the treatment of various diseases is expected to propel the growth of the global laboratory information systems market over the forecast timeline. Hence, with the implementation of these systems, which assist in the compilation of pathology data, it is easier to prescribe the best possible therapies in personalized medicine.

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Some laboratories require customizable non-clinical functionalities, for example, client connectivity and billing. Therefore, the key market players are currently focused on offering such unique requirements of these specialized laboratory units, in order to eventually strengthen their market presence.

On the contrary, absence of skilled IT professionals & personnel is a highly unfavorable factor for the global market growth. For instance, in 2018, the University of Minnesota reported a shortage of over 9,000 laboratory professionals in the U.S.

The major players operating in the global laboratory information systems market include Cerner Corp., Sunquest Information Systems, Inc., Evident, McKesson, Orchard Software, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., CompuGroup Medical, and LabWare.

Key Developments

• In October 2018, Orchard Software’s Harvest LIS version 11.0 achieved ONC Health IT 2015 Edition Health IT Modular Certification

• In December 2019, Evident, a leading provider of electronic health record (EHR) systems & services, and Sunnybrook Health Sciences Center announced that Sunnybrook and CPSI have signed definitive agreements to create a first-of-its-kind, Canadian-made Hospital Information System (HIS) solution.

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Market Taxonomy

By Component Type:
o Software
o Hardware
o Services

By Delivery Mode:
o On Premise
o Cloud-based

By End User:
o Hospitals
o Clinics
o Independent Laboratories
o Others

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This release was published on openPR.