Laboratory Information System /LIS Market – Industry Analysis and Forecast (2017-2024) _ by Product (Standalone and Integrated), Delivery Mode (Web-based LIS, Cloud-Based LIS and On-Premises LIS), Component (Software and Services), End User and Geography
Laboratory Information System /LIS is a software solution that captures, records and manages patient data collected during medical processes and tests. Stored information is then saved in LIS database for future reference. LIS is capable of maintaining patient check-in, patient demographics,order entry, specimen processing and result entry as well as LIS also streamlines laboratory processes to decrease specimen handling time, increase productivity, and improve turnaround time.
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Laboratory Information System /LIS Market is expected to grow from USD 1.4 Billion in 2016 to USD 2.8 Billion by 2024, at a CAGR of 9.05% between 2017 and 2024.
Report includes assessment of market definition along with the identification of key players and analysis of their strategies, complete quantitative analysis of the industry from 2016 to 2024 enable the stakeholders to capitalize on the prevailing market pportunities, market analysis and comprehensive segmentation with respect to the product, delivery mode, component, end user, and
geography to assist in strategic business planning.
Increase in prevalence of chronic disease, rising need to control diagnostic errors, and utilization of LIS to enhance laboratory clinical workflow efficiency are trending the overall Global LaboratoryInformation System /LIS market. High cost of laboratory information system may hamper the market growth.
Service Segment is anticipated to register highest growth rate in the Laboratory Information System /LIS Market during the forecast period:
Service segment is expected to hold the largest market share in forecast period. Indispensable nature of these services along with availability of advanced LIS services by key players are expected to drive service segment growth.
North America is expected to lead the Laboratory Information System /LIS Market during the forecast period:
North America is anticipated to dominate the market over forecast period. Increasing prevalence of chronic disease and increasing initiatives by industry players and government in field of healthcare in the region will fuel the Global Laboratory Information System /LIS Market in North America region.
Scope of the Report:
Laboratory Information System /LIS Market, By Product: Standalone and Integrated
Laboratory Information System / LIS Market, By Delivery Mode : Web-based LIS, Cloud-
Based LIS and On-Premises LIS
Laboratory Information System / LIS Market, By Component: Software and Services
Laboratory Information System / LIS Market, By End User: Hospital Laboratories,
Independent Laboratories, Physician Office Laboratories (POL) and Other End User
Laboratory Information System /LIS Market, By Geography: North America, Europe, Asia
Pacific, Middle East, Africa and Latin America
Some of the key players operating in the Laboratory Information System /LIS Market include
• SCC Soft Computer
• Orchard Software Corporation
• Merge Healthcare, Inc. (Subsidiary of International Business Machines (IBM) Corp.)
• Computer Programs and Systems, Inc. (CPSI)
• Compugroup Medical AG
• Meditech (Medical Information Technology, Inc.)
• EPIC Systems Corporation
• Sunquest Information Systems, Inc. (Acquired By Roper Technologies, Inc.)
• Mckesson Corporation
• Cerner Corporation
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