Laboratory Information Systems Market Size To Exhibit a CAGR of 7.3% By 2025 | Share Analysis, Growth, Upcoming Trends and Global LIS Industry Insights

Laboratory Information Systems Market Size To Exhibit a CAGR of 7.3% By 2025 | Share Analysis, Growth, Upcoming Trends and Global LIS Industry Insights

“Laboratory Information Systems Market”
Laboratory Information Systems (LIS) Market Overview and Analysis By Applications, Top Companies, Regional Insights and Segmentation, Forecast To 2025

The global Laboratory Information Systems (LIS) Market is set to surge at CAGR of 7.1% Over the forecast period (2019-2025). There are several practice applications of an LIS that improve the day-to-day operations of a medical laboratory, along with prevention of medical errors. A busy medical laboratory having many patients on a regular basis encounter difficulty in keeping all the patients’ information organized. Thus, an LIS system comes in handy, as it helps keep all this information organized, which is vitally important for a medical lab to run smoothly. Apart from this, rising integration of LIS and Electronic Health Record (EHR) and demand for quality and precision diagnosis are majorly supplementing the market growth globally. Moreover, increasing penetration of mobile applications in healthcare solutions coupled with growing popularity of cloud-based laboratory information system testifies for the market progress that has taken place in the past few years.

On the flip side, lack of skilled information technology (IT) professionals in the healthcare industry tames the flow of the progressing market. However, an array of opportunities stemming from emerging regions along with the consistently growing adoption of LIS are proof enough that the global market is en-route to brighter future prospects. Also noteworthy are few trends that bestow the global market with the required push, including proliferation of smartphones, point-of-care devices and e-services in the healthcare industry which significantly shape the market dynamics. Also, immense demand from patients for technological solutions for more convenient health testing, and monitoring is growing. This leads to global market players taking notice of the opportunities that crop up and indulge in strategic activities such as product launches. For instance, in the year 2014, Thermo Fisher launched a new ultracentrifuge which combines speed with safety and ergonomics that allows researchers to protect samples easily while also achieving reliable and consistent results.

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Laboratory Information Systems (LIS) Market Key Players

The key players in the global LIS market include Cerner Corporation, Recent Developments, Eclipsys Corporation, Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc., LabVantage Solutions Inc., LabWare Inc., McKesson Corporation, Medical Information Technology Inc., and others.

Laboratory Information Systems (LIS) Market Market Segmentation

The global laboratory information systems market is segmented on the basis of application, components, and delivery.

By applications, the market is segmented based on clinical LIS, drug discovery LIS, and industrial LIS. The clinical application of LIS holds the largest market share as using LIS software involves more productivity and less paperwork, enhanced patient safety, and improved turn-around time.

By components, the market is segmented based on software, hardware, and services. Among these, the software segment accounts for the majority of the global LIS market due to increasing product enhancements and advent of innovative LIS software systems which ensures the smooth running of the healthcare department.

By delivery, the market is segmented on the basis of web-based, on-premise and cloud-based. Among these, cloud-based LIS software is highly popular as it offers various benefits such as cost savings, high security, flexibility, mobility and quality control.

Laboratory Information Systems Market Regional Analysis:

The global laboratory information systems market is regionally segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.

America
• North America
• South America

Europe
• Western Europe
• Rest Of Western Europe
• Eastern Europe

Asia

Middle East & Africa

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