Global Laboratory Information Systems (LIS) Market, 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, Europe, Asia Pacific, South America, Middle East & Africa) – Industry Trends and Forecast to 2024
Global laboratory information systems (LIS) market is expected to reach USD 2.9 billion by 2024 from USD 1.3 billion in 2016, growing at a CAGR of 10.1% during the forecast period from 2017 to 2024. The new market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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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.
the Global Laboratory Information Systems is segmented on the basis of product type, deployment, component, stage, end-user, and geography.
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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.
Based on geography, the market is segmented into five geographical regions:
- North America
- South America
- Middle East and Africa.
The geographical regions are further segmented into 29 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 others.
The U.S. holds the lion’s share of the global laboratory information systems market. This is attributed to factors such as growth in laboratory automation, technological advancements, and government incentives. In addition to this, the increasing incidence/prevalence of life-threatening diseases such as cancer, cardiovascular diseases, HIV-AIDS, increasing population, and reimbursement programs result in larger amounts of data that have to be managed, thereby encouraging the growth of the LIS market globally. North America also harbors a majority of the manufacturers of this technology. The region has been conducting maximum research and implementation of products related to laboratory information systems.
Some of the major players operating in this market are
- Sunquest Information System
- Cerner Corporation
- SSC Soft Computer
- Compu Group Medical AG
- McKesson Corporation
- Epic Systems Corporation
- Medical Information Technology
- Orchard Software Corporation
- Quest Diagnostics Incorporated
- Computer Programs and Systems (CPSI)
- Comp Pro Med
- Psyche Systems
- Technidata America
- Siemens Medical Solutions
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