Global Laboratory Information System (LIS) Market, By Product (Standalone LIS and Integrated LIS), Delivery Mode (On-premises LIS, Web-based LIS, and cloud-Based LIS), Component (Services and Software), and End User (Hospital Laboratories, Independent Laboratories, and Physician Office Laboratories), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, 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) Industry Trends and Forecast to 2028
The laboratory information systems (LIS) market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with the CAGR of 9.85% in the forecast period of 2021 to 2028. The growing need for the developed healthcare monitoring systems will help in escalating the growth of the healthcare analytical testing services market.
The LIS plays an important role in the creating of the information efficiently and precisely, which aid in the clinical decisions.
The laboratory information systems (LIS) market is boosting, due to the growing need for the developed healthcare monitoring systems, improved effectiveness of the laboratories, and hospitals and the laboratories ranking for the information systems. Various factors supporting for example the considerable expenditure from the healthcare IT companies and the wave in the number of hospitals seeing the importance of laboratory information systems (LIS), henceforth contributing in the growth of the laboratory information systems (LIS) market during the forecast years.
Additionally, the growing of the incidences of the chronic diseases, the growing demand for the laboratory computerization, the advancement of the integrated laboratory information systems, the demand to observe with administrating necessities and the growing acceptance of laboratory information systems (LIS) to increase lab effectiveness are the factors expected to further cushion the growth of the laboratory information systems (LIS) market in the forecast period. However, the high maintenance and service expenditure are the factors most likely to hamper the growth of the laboratory information systems (LIS) market over the forecast period.
In addition, the increasing fame of cloud-based LIS, personalized medicine and considerable amount of growth possibility of the advancing nations further extend advantageous opportunities for the growth of the laboratory information systems (LIS) market. Despite that, interfacing with different laboratory instruments, obligation of specific LIS solutions, storage of the data challenges and the shortage of qualified specialists further challenge the growth of the laboratory information systems (LIS) market in the forecast period.
This laboratory information systems (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 localised 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 healthcare analytical testing services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Laboratory Information Systems (LIS) Market Scope and Market Size
The laboratory information systems (LIS) market is segmented on the basis of product, delivery mode, component and end user. The growth amongst these segments will help you analyse 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.
- Based on the product, the laboratory information systems (LIS) market is segmented into standalone LIS and integrated LIS.
- Based on the delivery mode, the laboratory information systems (LIS) market is segmented into on-premises LIS, web-based LIS, and cloud-based LIS.
- Based on the component, the laboratory information systems (LIS) market is segmented into services and software.
- On the basis of end users, the laboratory information systems (LIS) market is segmented into hospital laboratories, independent laboratories, and physician office laboratories.
Laboratory Information Systems (LIS) Market Country Level Analysis
The laboratory information systems (LIS) market is analysed and market size insights and trends are provided by product, delivery mode, component and end users as referenced above.
The countries covered in the laboratory information systems (LIS) market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America is dominated the laboratory information systems (LIS) market because of the growing acceptance of healthcare IT and suitable incentive plans. Furthermore, many manufacturers and technologically developed healthcare organization is expected to further boost the growth of the laboratory information systems (LIS) market in the region. Asia-Pacific is projected to observe significant amount of growth in the laboratory information systems (LIS) market because of the by rising geriatric population and broad utilization of healthcare IT. Advancing countries, have advantageous opportunities such as increasing awareness about electronic healthcare record systems and their growing importance coupled with the supportive government programs and policies are expected to boost the laboratory information systems (LIS) market in the region during the forecast period.
The country section of the laboratory information systems (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 global 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
The laboratory information systems (LIS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for laboratory information systems (LIS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the laboratory information systems (LIS)market. The data is available for historic period 2010-2019.
Competitive Landscape and Laboratory Information Systems (LIS) Market Share Analysis
The laboratory information systems (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, global 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 landscape and laboratory Information Systems (LIS) Market
The major players covered in the laboratory information systems (LIS) market report are Cerner Corporation, Sunquest Information Systems, Inc., SSC Soft Computer, Compugroup Medical AG, McKesson 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., Agilent Technologies, Inc, Dassault Systèmes., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Laboratory Information Systems (LIS) Market
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