Laboratory Information Systems (LIS) Market to Witness High Demand Due to Increasing Chronic Diseases

Laboratory Information Systems (LIS) Market is forecasted to grow at 10% for 2019 to 2026 to an estimated value of USD 3.37 billion by 2026 with factors such as high maintenance cost and dearth of awareness about laboratory information system hampering the market growth.

Laboratory information systems (LIS) market has shown a significant adoption rate and preferences from the North American region with countries such as U.S. and Canada. Increasing cases of cancer and favorable reimbursement policy is driving the market demand in the region.

Laboratory Information Systems (LIS) Market Scenario

According to Data Bridge Market Research the laboratory information systems (LIS) market in developing regions is witnessing growth in terms of its adoption rate, due to increasing cases of chronic diseases, development of advanced laboratory equipment systems, increasing demand for LIS due to their ability to enhance efficiency and growing need of laboratory automation.

Now the question is which are the regions that laboratory information systems (LIS) market players should target? Data Bridge Market Research has forecasted market leaders to target North American developing regions to help them in attaining better volume of revenue generation.

Laboratory information systems (LIS) market is becoming more competitive every year with on- premise currently being the largest market delivery mode for the forecasted period of 2019 to 2026. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the laboratory information systems (LIS) market.

For more analysis on the laboratory information systems (LIS) market, request for a briefing with our analysts

Laboratory Information Systems (LIS) Market Development

Francisco Partners announced that they are going to acquire Orchard Software in October 2019. This will help the company to strengthen them in the LIS market with new product innovation and will also enhance their global reach.

Scope of the Laboratory Information Systems (LIS) Market

Laboratory information systems (LIS) on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

  • All country based analysis of the laboratory information systems (LIS) market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into standalone LIS and integrated LIS. Device type segment of the market is divided into clinical LIS and anatomical LIS. Component segment is divided into services and software. Based on delivery mode, the market is divided into on- premise, remotely hosted and cloud based. The end- user segment is divided into clinical diagnostic laboratories, hospitals, anatomical pathology laboratories, blood banks and molecular diagnostic laboratories.
  • A laboratory information system (LIS) is computer software which is specially designed for collecting, storing and handling data from all levels of medical processes and research. This is very beneficial as it helps the physician so that they can maintain their medical testing records such as microbiology, hematology, immunology and other. Standalone LIS and integrated LIS are two of the common types of the LIS. They are widely used by molecular diagnostics laboratories, anatomical pathology laboratories, clinical diagnostic laboratories and other.

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Key Pointers Covered in the Laboratory Information Systems (LIS) Market Industry Trends and Forecast to 2026

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • 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
  • IBM Watson Health
  • Computer Programs and Systems, Inc
  • Merge Healthcare, Inc.
  • Orchard Software Corporation.
  • Abbott
  • Agilent Technologies, Inc
  • Dassault Systèmes

Above are the key players covered in the report, to know about more and exhaustive list of laboratory information systems (LIS) companies, contact us

Research Methodology: Global Laboratory Information Systems (LIS) Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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