Laboratory Information Systems (LIS) Market 2020 Technology Analysis by Expert || Sunquest Information Systems, Inc., Cerner Corporation, SSC Soft Computer, Compugroup Medical AG, McKesson Corporation

The Laboratory Information Systems (LIS) Market report gives market definition in the form of market driving factors and market restraints which aids in estimating the requirement of particular product where several aspects have to be considered. This business report has been prepared by making sure that the key factors of the industry are understood well to provide the market report that has complete overview of the market, covering various aspects such as product definition, market segmentation based on various parameters, and the prevailing vendor landscape. The data and information included in this Laboratory Information Systems (LIS) Market document helps the industry take sound decisions and plan about the advertising and sales promotion strategy more successfully.

A credible Laboratory Information Systems (LIS) Market research report has been generated by considering a range of objectives of market research that are vital for the success of the industry. This report also presents an idea about consumer’s demands, preferences, and their altering likings about particular product. A data triangulation method is applied for this purpose which entails data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. It estimates CAGR values in percentages which designate the rise or fall occurring in the market for particular product for the specific forecast period.

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Laboratory Information Systems (LIS) Market is expected to rise from its initial estimated value of USD 1.57 billion in 2018 to an estimated value of USD 3.37 billion by 2026, registering a CAGR of 10% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing Prevalence and Incidence of Chronic Diseases. Global Laboratory Information Systems (LIS) Market By Product Type (Standalone LIS, Integrated LIS), Device Type (Clinical LIS, Anatomical LIS), Components (Services, software), Delivery Mode (On-Premise, Remotely-Hosted, Cloud-Based) End-User (Clinical Diagnostic Laboratories, Hospitals, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories), Geography (North America, Europe, Asia Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2026

Some of the major competitors currently working in the laboratory information systems market are:

Sunquest Information Systems, Inc., Cerner Corporation, SSC Soft Computer, Compugroup Medical AG, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Inc., Orchard Software Corporation, Epic Systems Corporation., Allscripts, Quest Diagnostics Incorporated, CPSI), and IBM Watson Health , Computer Programs and Systems, Inc, Merge Healthcare, Inc.  Orchard Software Corporation., Abbott , Agilent Technologies, Inc Dassault Systèmes, Others.

Market Definition: 

A laboratory information system (LIS), it is computer based software that used to manage and stores the data from all stages of medical processes and verify the data . In laboratory information system Physicians and lab technicians are used to coordinate varieties of inpatient and outpatient medical testing.

There is  Rise in adoption of laboratory information management systems (LIMS) among independent and hospital-based. This helps to minimized the error of diagnostic and manage high data volumes the adoption of laboratory informatics in the U.S. is expected to act as a driver to the market growth.

Market Drivers

• Initiatives and strong support from the government to promote healthcare it implementation is going to drive the market.
• Introduce of new and advanced products, act as a driver for the market.

Market Restraints

• Global laboratory information systems (LIS) market, the system charge high cost, this act as a restraint for the growth of the market
• In health industry many people is not aware about laboratory information systems.

Segmentation: 

• 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
  • South America
  • Europe
  • Asia-Pacific
  • Middle East and Africa

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Key Developments in the Market:

• In February 2018, Sun quest Information Systems, Inc. announced that they won a 10-year tender to provision laboratory-related software solutions and services for the State of Queensland, Australia.
• In November 2018, Compu Group Medical launched new software, which breakthrough in the future of medical software in the Czech Republic; it’s a flagship product by which the company fulfills its long-term vision of fully electronic healthcare.

Competitive Analysis:

Global laboratory information systems (LIS) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of laboratory information systems market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Reasons to Purchase this Report

• Current and future of global laboratory information systems market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
• Regions/Countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

• All segmentation provided above in this report is represented at country level
• All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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