Showing posts with label Laboratory Information System Market. Show all posts
Showing posts with label Laboratory Information System Market. Show all posts

Wednesday, May 11, 2022

Global Laboratory Information System Market 2021 Trends, Business Opportunities, Future Demand and Forecast 2027

Laboratory Information System Market

The global laboratory information system market is predicted to grow to USD 6.2 billion by 2027, growing at a CAGR of 8.9% during the forecast period.

The Laboratory Information System (LIS) is a software solution that manages information generated by laboratories to be obtained, handled and stored. It helps to simplify laboratory procedures to decrease the handling time of specimens, increase turnaround time, and increase productivity.

Get Free Sample Copy of this Research Report at https://www.vynzresearch.com/healthcare/laboratory-information-system-market/request-sample

Market Segmentation Covered:

  • By Product
    • Standalone
    • Integrated
  • By Component Type
    • Software
    • Services
  • By Delivery Mode
    • On-Premise
    • Web-Based
    • Cloud-Based
  • By End User
    • Hospital Laboratories
    • Independent Laboratories
    • Physician Office Laboratories
    • Other End Users
COVID-19 Pandemic

Laboratory Information System Industry report discusses the worldwide impact of the covid epidemic on business. The influence on manufacturing activities, production, demand, supply chain and logistics management, and distribution networks is detailed in this research report. Analysts have identified the steps or strategies that businesses are employing to combat the impact of COVID-19. The opportunities emerging post-COVID-19 pandemic are also studied in the report. Players will be able to take advantage of possibilities to recover losses and stabilise their operations.

Analysis of Competition

The Report defines prominent industry players along with their market share, revenue, sales, and price for the forecast period 2021-2027. The following are some of the industry’s top players:

  • Cerner Corporation
  • Mckesson Corporation
  • Compugroup Medical AG
  • EPIC Systems Corporation
  • Computer Programs and Systems, Inc. (CPSI)
  • International Business Machines (IBM) Corporation
  • Orchard Software Corporation
  • SCC Soft Computer
Geographical Analysis

The Laboratory Information System (LIS) Market sales, revenue, and growth data are broken down by region to display sales, revenue, and growth by region during the forecast period.

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Brazil
    • South Africa
    • Saudi Arabia
    • U.A.E
    • Other Countries
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Friday, February 8, 2019

LIS Market, Industry Insights by Product, Component, Delivery Mode and End-User, Analysis and Forecast 2024

Industry Overview

The global laboratory information system market size is expected to reach USD 3.2 billion by 2024, with a CAGR of 8.5% during the forecast period (2018 – 2024). The major factors leading to the considerable growth in the laboratory information system market due to the growing geriatric population, increasing prevalence of chronic diseases, increasing need for precise and quality laboratory diagnosis. Moreover, with the mounting research and development for personalized medicine, and increasing need for integrated healthcare system are supporting the growth of the laboratory information system market, globally.

Request for Free Sample Copy of this Research Report at: https://www.vynzresearch.com/healthcare/laboratory-information-system-market/request-sample

Market Segmentation

Insight by Product

Based on product, the laboratory information system market is categorized into:
  • Standalone
  • Integrated
Of the two categories, standalone LIS hold the larger share in the market and the integrated LIS market is predicted to grow at the faster CAGR during the forecast period. With the increasing adoption of cloud-based solutions, along with the lower maintenance and service charge the demand for integrated LIS is anticipated to increase significantly in the coming years.

Insight by Component

On the basis of component, the market is segmented into:
  • Software
  • Services
Software solutions being the key component of a LIS hold the larger share in the market. However, the LIS services market is predicted to observe the faster growth during the forecast period as the end users require software training, upgrading, and software maintenance post-installation along with other LIS services for the efficient operations of LIS.

Insight by Delivery Mode

Based on delivery mode, the market is segmented into:
  • On-Premise
  • Web-Based
  • Cloud-Based
Of all, the on-premise category accounted the largest share in the laboratory information system market due to customization characteristic of this delivery mode, and data securities. However, clod-based LIS market is anticipated to growth at the fastest rate during the forecast period.

Insight by End User

Based on delivery mode, the market is segmented into:
  • Hospital Laboratories
  • Independent Laboratories
  • Physician Office Laboratories
  • Other End Users
Among all the end users, the independent laboratory is expected to observe the fastest growth in demand in the LIS market, at the fastest CAGR of 9.4% during the forecast period, globally. The demand for the LIS is the largest in the hospital as it is the largest end user section with large number of diagnostic tests and laboratory assessments.

Industry Dynamics

Growth Drivers

Factors that have been acting as the driving factors for the growth of this industry are:
  • Increasing occurrence of chronic diseases
  • Aging population
  • Escalating demand for quality and precision of laboratory diagnosis
  • Expanding awareness of LIS
  • Mounting requirement for integrated healthcare system
Challenges

Key factors hindering the growth of the LIS market are:
  • The high cost of laboratory information system
  • Interoperability and technical issues with laboratory information system
  • Dearth of skilled professionals and requirement of specialized laboratory units for chemistry, hematology, and microbiology
Geographic Overview
  • North America — US, Canada, and Mexico
  • Europe — Germany, U.K., France, Italy, Spain, and Rest of Europe
  • Asia Pacific — Japan, China, India, Australia, South Korea, and Rest of Asia-Pacific
  • Rest of the World — Brazil, South Africa, Saudi Arabia, U.A.E., and Others
Browse Full Research Report Description at: https://www.vynzresearch.com/healthcare/laboratory-information-system-market

Of all the different regions, North America account for the largest share of the largest laboratory information system market, globally. The key factor leading to the largest LIS market size in North America are high prevalence of chronic diseases, mandatory regulatory standards in the U.S., and increasing research and development for personalized medicines.

Asia-Pacific is observed to witness significant growth in the laboratory information system market during the forecast period, as the region comprises of a large population with chronic diseases, increasing cancer research and diagnostic initiatives, increasing demand for the integrated healthcare system, and mounting awareness of LIS.

Competitive Insight

The key players operating in the global laboratory information system market are: Cerner Corporation, SCC Soft Computer, Mckesson Corporation, Compugroup Medical AG, EPIC Systems Corporation, Computer Programs and Systems, Inc., International Business Machines, and Orchard Software Corporation.

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