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Know Huge Business Opportunities in Laboratory Information Systems (LIS) Market Analysis, Growth Impact and Demand Forecast by 2024

Press release from: Data Bridge Market Research
Global Laboratory Information Systems (LIS) Market
Global Laboratory Information Systems (LIS) Market


The global laboratory information systems (LIS) market is expected to reach USD 2.9 billion by 2024 from USD 1.3 billion in 2016, growing at a CAGR of 10.1% during the forecast period from 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global Laboratory Information Systems (LIS) Market, By Product Type (Standalone LIS, Integrated LIS), By Device Type (Clinical LIS, Anatomical LIS), By Components (Services, software), By Delivery Mode (On-Premise, Remotely-Hosted, Cloud-Based) By End-User (Clinical Diagnostic Laboratories, Hospitals, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories), By Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2024.

The report begins with a fundamental Laboratory Information System (LIS) advertise outline. It likewise goes about as a key device to ventures dynamic over the esteem chain and for new contestants by empowering them to exploit the open doors and create business procedures

Market Segmentation

Based on geography the digital LIS market is segmented into 5 geographical regions, North America, Europe, Asia-Pacific, South America and rest of the world. The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising focus on healthcare data maintenance and integration among healthcare providers and payers.

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Competitive Analysis and Key Point

The deployment of integrated healthcare systems helps facilitate a smooth exchange of patient data across different healthcare organizations. The emergence of new and complex tests, along with the necessity to make test results readily available for clinicians, presents significant challenges for laboratory managers/technicians. In order to take effective decisions, clinicians require a patient care summary. This in turn requires an integrated system that provides the entire diagnostic information in one database. A completely integrated LIS addresses various patient safety issues, enhances the quality of care, provides patient information at a single point of access, and eliminates the gaps in communication between care providers. The benefits associated with integrated solutions are better workflow, elimination of costs of maintaining interfaces between two software, easy retrieval of clinical data, and quick feedback for clinicians. These benefits make it easier for hospitals to replace their traditional LIS systems with an integrated LIS.

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Top Competitors of Market

• Sunquest Information Systems,
• Cerner Corporation,
• SSC Soft Computer,
• Compu Group Medical AG,
• Quest Diagnostics Incorporated,
• Computer Programs and Systems (CPSI),
• McKesson Corporation,
• Epic Systems Corporation,
• Medical Information Technology,
• Orchard Software Corporation,
• Allscripts,
• Merge

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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