(Food-Beverage-News.Com, December 24, 2016 ) According to the report Laboratory Information Systems, published by Market Data Forecast, the global market is projected to reach USD 1.89 Billion by 2021, at a CAGR of 8.8% from 2016 to 2021.
A Laboratory information system is a complex system designed for data and information management related to medical laboratories which include analytical and clinical laboratories. This includes research and development labs, quality assurance labs and in-process testing labs. The information is stored in the LIS database for any future references. Laboratory information system helps in providing the information regarding diagnosis, treatment, prevention management of the disease. By the implementation of automation in laboratories, the process can be made more productive by minimizing the non-value adding steps which includes centrifugation, sorting tubes and prepping and sorting material for storage.
The growth of the market is driven by a host of factors that include need to enhance the workforce efficiency of clinical laboratories, increased demand for quality diagnosis with reduced errors and rising integration of information systems in laboratory. The market is also aided by the increasing chronic infection diseases, increase in per capita expenditure on healthcare and advancements in healthcare IT solutions. However, the growth of the market is hampered by a few factors that include high costs involved in laboratory information systems and lack of skilled healthcare professionals in IT sector.
The Laboratory Information System market is segmented as following: Based on Components: Software Hardware Services Based on End-Users: Hospitals Independent Laboratories Clinical Laboratories Others Based on Delivery mode: Cloud bases On-Premise Geographical Segmentation North America Laboratory Information System Market Europe Laboratory Information System Market Asia-Pacific Laboratory Information System Market Latin America Laboratory Information System Market Middle East & Africa Laboratory Information System Market
The major companies in the Laboratory Information System market includes Cerner Corporation (U.S.), SCC Soft Computer (U.S.), McKesson (U.S.), Medical Information technology (U.S.), Evident (U.S.), Compugroup Medical (Germany), Epic system corporation (U.S.), Sunquest Information Systems (U.S.), and Labware (U.S.).
The Laboratory Information System market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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