Laboratory Information Systems Market Overview, High Growth Opportunities, Segmentation, Trends By 2022-2031

The leading companies operating in the global laboratory information system market are adopting various strategies to remain competitive. For instance, several among them are investing in research and development activities to offer next-generation innovations, finds Transparency Market Research (TMR) in a new study. Such strategies are expected to pave way for the market's upward-moving trajectory. McKesson Corporation, Cerner Corporation, and Merge Healthcare Incorporated are some of the most prominent companies operating in the global laboratory information system market.

Access Full Report @ https://www.transparencymarketresearch.com/laboratory-information-systems.html

TMR pegged the global laboratory information system market at US$1,381.4 bn in 2013. Furthermore, it has forecast the market to reach US$2,158.0 bn by the end of 2019. Considering these numbers hold true, the global laboratory information system market will rise at 7.70% CAGR between 2013 and 2019. Regionally, North America has emerged dominant in the global laboratory information system market. The rising incidence of chronic ailments and the presence of a sophisticated healthcare infrastructure support the market's expansion in North America. Among clinical diagnostics laboratory information systems and drug delivery information systems, the former is expected to rise at a CAGR of 8.90% between 2013 and 2019.

Recent Improvements in Healthcare Services to Fuel Demand for Laboratory Information Systems

Laboratory information systems are used to store, retrieve, record, and manage laboratory data. While these systems play a crucial role in diagnosis, treatment, and prevention of diseases, they do not have a standard design. This is because laboratory information systems are often designed and customized as per specific needs of a laboratory. Be it as it may, the demand for laboratory information systems will continue to surge in the coming years. Recent improvements in healthcare services are also expected to buoy growth in favor of the market.

Get a sample of the report @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1482

Globally the demand for integrated healthcare information systems has escalated, which provides an environment conducive to the market's growth. Besides this, government initiatives and the increasing investment by healthcare IT players are expected to give impetus to the global laboratory information system market. Overall, improvement in healthcare services over the last couple of years will bode well for the market. On the downside, absence of experienced professionals, interoperability issues, and high maintenance cost can deter growth witnessed over the forecast period.

Lack of Adherence to Standards Can Restrain Market

Other than this, lack of adherence to standards can restrict the market to an extent. Laboratory information systems must offer high integrity to reduce chances of data failure. Because the software has a complex design is easy to change, however, it is difficult to test it. Never mind this, the rising use of mobile phones and steps taken to offer innovations by companies are expected to create lucrative opportunities for the market's growth in the coming years.

Request For Custom Research @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=1482

In developed countries especially the market will benefit from rising public funding. The rising demand from developed countries across Europe and North America are also expected to help the market exhibit steady growth through the forecast period. The rising demand from fast-growing markets in the U.S., the U.K., Germany, and Japan will therefore boost the global laboratory information system market in the coming years.

This review is based on a TMR study, titled "Laboratory Information System Market (Application Based- Clinical Diagnostics LIS and Drug Delivery LIS; Delivery Based- Web Based Technology, On-premise Technology and Cloud Based Technology; Component Based- Hardware, Software and Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019."

Make an Enquiry before Buying @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=1482

The report segments the global laboratory information system market as:

Global Laboratory Information System Market Segmentation by Delivery ModeWeb-based

On-premise
Cloud-based
Global Laboratory Information System Market Segmentation by Components

Software
Hardware
Services
More Related Reports by Transparency Market Research -

Medical Protective Equipment Market: https://www.transparencymarketresearch.com/medical-protective-equipment-market.html

BiPAP Machines Market: https://www.transparencymarketresearch.com/bipap-machines-market.html

Telemedicine Technologies and Services Market: https://www.transparencymarketresearch.com/telemedicine-technologies-market.html

Genomic and Proteomic Tools Market: https://www.transparencymarketresearch.com/genomic-and-proteomic-tools-market.html

Drug Delivery Technology Market: https://www.transparencymarketresearch.com/drug-delivery-technology-market.html

3D Printed Medical Implants Market: https://www.transparencymarketresearch.com/3d-printed-medical-implants-market.html

Depth of Anesthesia Monitoring Devices Market: https://www.transparencymarketresearch.com/depth-of-anesthesia-monitoring-devices-market.html

Healthcare Contract Research Outsourcing Market: https://www.transparencymarketresearch.com/hcro-market.html

Contact

Rohit Bhisey
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ

This release was published on openPR.