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Laboratory Information System Helping Manage Voluminous Medical Data
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Apart from this, the increasing cases of cardiovascular diseases (CVDs), cancer, and human immunodeficiency virus (HIV) infection will propel the requirement for diagnostic tools and tests to understand the complexity of the cases. For instance, the World Health Organization (WHO) says that CVDs lead to 17.9 million deaths and cancer accounts for around 9.6 million deaths each year. The diagnosis of these life-threatening diseases requires advanced technologies for minimum errors and precise results, so that medical professionals can offer the best-possible treatment plans.
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Furthermore, the laboratory information system market has immense growth opportunities in the domain of remote patient monitoring. Remote patient monitoring systems enable patients to access lab test results at home, thereby conserving their time and healthcare costs and minimizing the need for hospital stays. This offers lucrative opportunities to key players such as McKesson Corporation, LabVantage Inc., Sunquest Corporation, STARLIMS Corporation, and LabWare, who are focusing on product development and collaborations to gain a competitive edge.
Thus, the rising cases of chronic diseases and growing demand for advanced diagnostic and treatment technologies will accelerate the adoption of laboratory information systems in the coming years.
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