North America Laboratory Information Systems (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 (U.S., Canada, Mexico) Industry Trends and Forecast to 2027
Market Analysis and Insights: North America Laboratory Information Systems (LIS) Market
North America laboratory information systems (LIS) market is expected to reach USD 1977.77 million by 2027 witnessing market growth at a rate of 8.72% in the forecast period of 2020 to 2027. Data Bridge Market Research report on North America laboratory information systems (LIS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Laboratory information systems consist of hardware and software to control, manage, store test result data in data base for the purpose to analyzing the outcomes for future references. Moreover this systemis used for drug development and diagnosis of life threatening diseases like cancer and cardiovascular disorder (CVD).
The market is driven by the process which helps physicians to analyze data more efficiently and treat patients more accurately. Increasing prevalence of life threatening diseases like cancer and cardio vascular disorder (CVD) among people and increasing geriatric population are the main factor driving market growth whereas advancement in technology in laboratory information systems will provide effective and faster solution for these complicated treatments such as cancer. Moreover governments are also taking initiative in R&D projects to improve healthcare infrastructure which will expand market growth in forecast period.
However high cost of installation of laboratory information systems and additional service & maintenance of systems with cost of hiring IT experts are factors restraining market growth. There are still some countries in the region where market is not properly established and medical needs are still unmet which will produce lucrative opportunities for market growth whereas lack of skilled professionals for handling systems is challenge for market to expand in different regions.
This North America 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 Data Bridge Market Research North America laboratory information systems (LIS) market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Laboratory Information Systems (LIS) Market Scope and Market Size
North America laboratory information systems (LIS) market is segmented on the basis of components, delivery mode, type, product and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on components, North America laboratory information systems (LIS) market has been segmented into LIS services, and LIS software.
- Based on product, North America laboratory information systems (LIS) market has been segmented into standalone LIS, and integrated LIS.
- On the basis of delivery mode, market has been segmented into cloud and on-premise.
- On the basis of type, market has been segmented into clinical LIS, and anatomical LIS.
- North America laboratory information systems (LIS) market has also been segmented on the basis of end user into hospitals, clinics, anatomical pathology laboratories, molecular diagnostic laboratories, and others.
North America Laboratory Information Systems (LIS) Market Country Level Analysis
North America laboratory information systems (LIS) market is analysed and market size, volume information is provided by country, components, delivery mode, type, product and end-user as referenced above.
The countries covered in the market report are U.S., Canada and Mexico in North America.
United States will dominate the North America laboratory information systems (LIS) market due to rising investment toward healthcare sector and technological advancement. Moreover prevalence of rise in chronic diseases and need for rising need for integrate systems for healthcare will boost market growth for region. In addition increasing demand for laboratory information systems in hospitals for efficient patient information monitoring will fuel region market growth.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
Competitive Landscape and Laboratory Information Systems (LIS) Market Share Analysis
North America 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, regional presence, 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 North America laboratory information systems (LIS) market.
The major players covered in the North America laboratory information systems (LIS) market report are Sunquest Information Systems, Inc., Cerner Corporation, SSC Soft Computer Consultants, Inc., CompuGroup Medical SE, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Inc., Orchard Software Corporation, Allscripts Healthcare, LLC, Quest Diagnostic Incorporated, Computer Programs and Systems Inc., IBM Corporation, Siemens Healthcare Private Limited, Psyche Systems Corporation. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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