Europe Laboratory Information System (LIS) Market, By Product (Standalone LIS, Integrated LIS), Type (Clinical LIS, Anatomical LIS), Components (Services, Software), Delivery Mode (Cloud-Based, On Premises), End Use (Hospitals, Clinics, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories, Others), Country (Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe) Industry Trends and Forecast to 2028
Market Analysis and Insights of Laboratory Information System (LIS) Market
Laboratory information system (LIS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 6.10% in the above-mentioned forecast period.
Laboratory information system (LIS) is a system which basically retrieves, records, modifies and stores the data and information in laboratories regarding the patient’ s proper diagnosis, treatment and prevention of diseases. Its major purpose is to track and manage audit trails of health services, integrate instruments and applications and handle demographic information for associated clients.
The increasing prevalence of life threatening diseases like cancer and cardio vascular disorder (CVD) among people and increasing geriatric population are the significant factors responsible for driving the growth of the laboratory information system (LIS) market. The increasing demand for improved laboratory efficiency coupled with hospitals prioritizing for laboratory information systems will also foster the market growth. Additionally, the governments are also taking initiative in research and development projects to improve healthcare infrastructure which also heighten the overall growth of the market. However, the high cost of installation of laboratory information system and additional service and maintenance of system with cost of hiring IT experts are the factors estimated to obstruct the market’s growth.
The demand for powerful IT systems in diagnostic and medical laboratories is expected to generate profitable opportunities for the market. On the other hand, the dearth of skilled professionals for handling system and rising data security and privacy concerns have the potential to challenge for the market’s growth.
This laboratory information system (LIS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on Data Bridge Market Research laboratory information system (LIS) market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Europe Laboratory Information System (LIS) Market Scope and Market Size
Laboratory information system (LIS) market is segmented on the basis of product, type, components, delivery mode and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the laboratory information system (LIS) market is segmented into standalone LIS and integrated LIS.
- On the basis of type, the laboratory information system (LIS) market is segmented into clinical LIS and anatomical LIS.
- On the basis of components, the laboratory information system (LIS) market is segmented into LIS services and LIS software.
- Based on delivery mode, the market is segmented into cloud-based and on premises.
- On the basis of end use, the laboratory information system (LIS) market into hospitals, clinics, anatomical pathology laboratories, molecular diagnostic laboratories and others.
Laboratory Information System (LIS) Market Country Level Analysis
Laboratory information system (LIS) market is analyzed and market size insights and trends are provided by product, type, components, delivery mode and end use as referenced above.
The countries covered in the laboratory information system (LIS) market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey and rest of Europe in Europe.
Germany dominates the market due to rising investment toward healthcare sector and technological advancement. Moreover prevalence of rise in chronic diseases and rising need for integrate system for healthcare will boost market growth within the region.
The country section of the laboratory information system (LIS) market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Laboratory information system (LIS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment’s, installed base of different kind of products for laboratory information system (LIS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laboratory information system (LIS) market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Laboratory Information System (LIS) Market Share Analysis
Laboratory information system (LIS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laboratory information system (LIS) market.
The major players covered in the laboratory information system (LIS) market report are Sunquest Information Systems, Inc., Cerner Corporation, SSC Soft Computer Consultants, Inc., CompuGroup Medical, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Inc., Orchard Software Corporation, Allscripts Healthcare, LLC, Quest Diagnostic Incorporated, CPSI, IBM, Siemens, Psyche Systems Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.