For an effectual business growth, companies must adopt market research reports such as laboratory information systems (LIS) which have become quite vital in this rapidly changing marketplace. The most up to date market insights and analysis performed in this report bring the marketplace clearly into focus. This market research study analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, and distributors in the biotech industry. This market report highlights key market dynamics, current market scenario and future prospects of the sector. laboratory information systems (LIS) market report studies consumption of market, top players involved, sales, price, revenue and market share with volume and value for each region.
Salient attributes used while forming this laboratory information system (LIS) market research report include the highest level of spirit, practical solutions, committed research and analysis, modernism, integrated approaches, and most up-to-date technology. An analytical assessment of the competitors gives clear idea of the most important challenges faced by them in the current market and in the coming years. Market analysis estimates the expected rise, growth or fall of the product in the specific forecast period. This laboratory information systems (LIS) market research report involves six major parameters namely market analysis, market definition, market segmentation, key developments in the market, competitive analysis, and research methodology.
Global 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
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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Key players/Competitors Profiled in this report are:
Sunquest Information Systems, Cerner Corporation, SCC Soft Computer, CompuGroup Medical US, CompuGroup Medical SE, McKesson, Epic, Medical Information Technology Solutions, MEDITECH, Orchard Software, Allscripts, Quest Diagnostics, CPSI, Merge Healthcare, an IBM Company, Comp Pro Med, Psyche Systems Corporation, TechniData America, Siemens Healthineers, Siemens, Evident.io, LabWare, Abbott,CompuGroup Medical Schweiz AG and others.
A bird’s eye view of the laboratory information systems (LIS) Industry made available in the report helps readers to understand the key drivers, restraints, challenges, and opportunities that are shaping the laboratory information systems (LIS) market. Furthermore, the report evaluates challenges experienced from buyers and sellers side.
For a pervasive understanding of the market, business strategies and latest developments of the vital players accompanied with co-development deals and market size have also been enclosed. Briefly citing, their revenue share, contact information and meticulous SWOT analysis is available. The regions which have been studied in depth are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. This helps gain better idea about the spread of this particular market in respective regions.
The report takes a close and analytical look at the various companies that strive for a higher share of the laboratory information systems (LIS) Market. Data on the leading and fastest-growing segments along with what drives them has been given.
This report implements a balanced mix of primary and secondary research methodologies for its analysis. The market is segmented on the basis of key criteria.
Competitive Analysis: Global laboratory information systems (LIS) Market
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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Market Segmentation: Global laboratory information systems (LIS) Market
Based on geography
- North America,
- 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.
By Delivery Mode
- Standalone LIS
- Integrated LIS
By End User
- Clinical Diagnostic Laboratories,
- Anatomical Pathology Laboratories,
- Blood Banks,
- Molecular Diagnostic Laboratories
By Device Type
- Clinical LIS,
- Anatomical LIS
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The report offers advice from key industry experts on how these challenges can be overcome. A major chunk of the report talks about the technologies that are and will influence the growth of the laboratory information systems (LIS) Market. Forecasts for these technology sectors are presented in the report. Companies that offers the latest integrated technologies at an affordable cost are expected to thrive in the market.
The dominating Factors in the market along with the upcoming technologies that are expected to revolutionize the market are explained in the report.
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