Laboratory Information System (LIS) Market is Projected to Reach US$ 2 Billion By 2020

New York, February 22, 2018: A laboratory information system is software that successfully handles samples and related information to progress lab effectively. This software stores, handle and develop information which is collected from all medical methods and tests. Laboratory information system generates correct, accurate and faster result. It create information from ordering manage simpler to store and review over time to provide labs to estimate and develop operational effectively. Laboratory information system creates correct and faster result which is used by physicians and lab technicians.

The laboratory information system market is segmented on the lines of its component, delivery mode and end user. The laboratory information system market is segmented on the lines of its product like standalone laboratory information system and integrated laboratory information system. Under end user segmentation it covered clinical diagnostic, laboratories, anatomic laboratories, pathological laboratories, blood banks and molecular diagnostic laboratories. The laboratory information system market is segmented on the lines of its delivery mode on-premise, remotely-hosted and cloud-based delivery mode. The component used for laboratory information system is segmented into software and services component. The laboratory information system market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

The laboratory information systems market is anticipated to surpass USD 2 billion during the forecast period. The market will grow at a healthy CAGR of 8.5% in the following period.

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North America is a leading market owing to implementation of laboratory information system.

The major driving factors of laboratory information system market are as follows:

o Development in molecular diagnostics.
o Increasing requirement in integrated healthcare
o Increasing motivation in central government.
o Rising old age population.

The Restraints factors of laboratory information system market are as follows:

o Price of laboratory information systems is high.
o High cost of protection and repair the Laboratory information system.
o Requirement of skilled healthcare information technology experts.

This report provides:
1) An overview of the global market for laboratory information system
and related technologies.
2) Analyses of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2020.
3) Identifications of new market opportunities and targeted promotional plans for laboratory information system
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.

The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include:

• Sunquest Information Systems
• Cerner Corporation
• SSC Soft Computer
• CompuGroup Medical AG
• McKesson Corporation
• Epic Systems Corporation
• Medical Information Technology
• Orchard Software Corporation
• Computer Programs and Systems
• Merge Healthcare

Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

The scope of the report includes a detailed study of global and regional markets for various types of laboratory information system with the reasons given for variations in the growth of the industry in certain regions.

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Table of Contents
1 INTRODUCTION
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Drivers
5.3.1.1 Rising Prevalence and Incidence of Chronic Diseases
5.3.1.2 Strong Government Support and Initiatives to Promote Healthcare It Implementation
5.3.1.3 Increasing Adoption of Laboratory Information System to Enhance Lab Efficiency
5.3.1.4 Integration of Laboratory Information System and Ehr Systems
5.3.1.5 Growing Need to Curb the Rising Number of Diagnostic Errors
5.3.1.6 Reimbursement Scenario for Laboratories in the U.S.
5.3.1.7 Introduction of New and Advanced Products
5.3.2 Restraints
5.3.2.1 High Cost of Laboratory Information System
5.3.2.2 Lack of Skilled It Professionals in the Healthcare Industry
5.3.3 Opportunities
5.3.3.1 Personalized Medicine to Open an Array of Opportunities
5.3.3.2 Emerging Markets
5.3.4 Challenges
5.3.4.1 Interoperability and Technical Issues
5.3.4.2 Requirement of Specialized Laboratory Units for Microbiology, Chemistry, and Hematology Present Challenges for LIS Vendors
5.3.4.3 Large Image Size Creates Data Storage Challenges
5.4 Interoperability Standards and Regulatory Implications
5.4.1 Process Standards
5.4.2 Technical Standards
5.4.3 Structure and Syntax
5.4.4 Transport
5.4.5 Privacy & Security
5.4.6 Semantic Standards
6 Laboratory Information System Market, By Product
7 Laboratory Information System Market, By Delivery Mode
8 Laboratory Information System Market, By Component
9 Laboratory Information System Market, By End User
10 Global Laboratory Information System Market, By Region
11 Competitive Landscape
12 Company Profiles
12.1 Introduction
12.2 Cerner Corporation
12.3 Mckesson Corporation
12.4 Sunquest Information Systems, Inc. (Acquired By Roper Technologies, Inc.)
12.5 EPIC Systems Corporation
12.6 Meditech (Medical Information Technology, Inc.)
12.7 Compugroup Medical AG
12.8 Computer Programs and Systems, Inc. (CPSI)
12.9 Merge Healthcare, Inc. (Subsidiary of International Business Machines (IBM) Corp.)
12.10 SCC Soft Computer
12.11 Orchard Software Corporation

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