In Laboratory Information Systems (LIS) Market report, a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The statistical and numerical data that has been included in this market report is represented with the tables, graphs and charts which eases the understanding of facts and figures. A proficient data and excellent forecasting techniques used in this report are synonymous with accurateness and correctness. Laboratory Information Systems (LIS) Market report is a painstaking analysis of existing scenario of the market which covers several market dynamics. The market study of this global Laboratory Information Systems (LIS) Market business report takes into consideration market attractiveness analysis where each segment is benchmarked based on its market size, growth rate & general attractiveness.
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Market Analysis: Global Laboratory Information Systems (LIS) Market
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
Key Market Competitors:
Few of the major competitors currently working in the laboratory information systems market are Sunquest Information Systems, Inc., Cerner Corporation, SSC Soft Computer, Compugroup Medical AG, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Inc., Orchard Software Corporation, Epic Systems Corporation., Allscripts, Quest Diagnostics Incorporated, CPSI), and IBM Watson Health , Computer Programs and Systems, Inc, Merge Healthcare, Inc. Orchard Software Corporation., Abbott , Agilent Technologies, Inc Dassault Systèmes
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Market Definition: Global Laboratory Information Systems (LIS) Market
A laboratory information system (LIS), it is computer based software that used to manage and stores the data from all stages of medical processes and verify the data . In laboratory information system Physicians and lab technicians are used to coordinate varieties of inpatient and outpatient medical testing.
There is Rise in adoption of laboratory information management systems (LIMS) among independent and hospital-based. This helps to minimized the error of diagnostic and manage high data volumes the adoption of laboratory informatics in the U.S. is expected to act as a driver to the market growth.
Laboratory Information Systems (LIS) Market : Drivers
- Initiatives and strong support from the government to promote healthcare it implementation is going to drive the market.
- Introduce of new and advanced products, act as a driver for the market.
Laboratory Information Systems (LIS) Market : Market Restraints
- Global laboratory information systems (LIS) market, the system charge high cost, this act as a restraint for the growth of the market
- In health industry many people is not aware about laboratory information systems.
Segmentation: Global Laboratory Information Systems (LIS) Market
Laboratory Information Systems (LIS) Market : By Product Type
- Standalone LIS
- Integrated LIS
Laboratory Information Systems (LIS) Market : By Device Type
- Clinical LIS
- Anatomical LIS
Laboratory Information Systems (LIS) Market : By Components
Laboratory Information Systems (LIS) Market : By Delivery Mode
Laboratory Information Systems (LIS) Market : By End-User
- Clinical Diagnostic Laboratories
- Anatomical Pathology Laboratories
- Blood Banks
- Molecular Diagnostic Laboratories
Laboratory Information Systems (LIS) Market : By Geography
- North Americ
- South America
- Middle East and Africa
Key Developments in the Market:
- In February 2018, Sun quest Information Systems, Inc. announced that they won a 10-year tender to provision laboratory-related software solutions and services for the State of Queensland, Australia.
- In November 2018, Compu Group Medical launched new software, which breakthrough in the future of medical software in the Czech Republic; it’s a flagship product by which the company fulfills its long-term vision of fully electronic healthcare.
Reasons to Purchase this Report
- Current and future of global laboratory information systems market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
- All segmentation provided above in this report is represented at country level
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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