Laboratory Information System Market

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Laboratory Information System Market
The global laboratory information system market
is predicted to grow to USD 3.2 billion by 2024,
growing at a CAGR of 8.5 during the forecast
period. The Laboratory Information System (LIS)
is a software solution that manages information
generated by laboratories to be obtained, handled
and stored. It helps to simplify laboratory
procedures to decrease the handling time of
specimens, increase turnaround time, and
increase productivity.
By product, the laboratory information system
market is categorized into standalone and
integrated, of which standalone system holds the
larger share in the market, globally due to
technological innovation and upsurge in
cloud-based laboratory information system. By
component, the laboratory information system
market is categorized into software and
services, of which software hold the largest
share in the laboratory information system
market. By delivery mode, on-premise category
accounted the largest share in the laboratory
information system market due to customization
characteristic of this delivery mode, and data
securities. By end user, the laboratory
information system market size for the
independent laboratory is expected to grow at
the fastest CAGR of 9.4 during the forecast
period, globally. The growing prevalence of
chronic diseases, the growth of the geriatric
community, the increasing demand for laboratory
diagnostic efficiency and precision, the
reimbursement scenario for laboratories in the
U.S., the creation of customised medicine
programmes, the expansion of new and emerging
goods, the expansion of LIS knowledge, the
increase of integrated healthcare system
requirements, and government schemes.
2
Key factors hindering the growth of the MRI
guided neuro ablation devices market are limited
awareness among patient about the treatment of
brain tumour in developing countries, high cost,
and a limited workforce. In addition, the dearth
of skilled professionals is also having a
negative impact on the growth of the
market. Recent News In April 2018, SCC Soft
Computer and Australian Red Cross Blood Service
have introduced an implementation study to
assess SCCs laboratory and genetics information
management systems. Competitive Insights Cerner
Corporation, SCC Soft Computer, Mckesson
Corporation, Compugroup Medical AG, EPIC Systems
Corporation, Computer Programs and Systems, Inc.,
International Business Machines, and Orchard
Software Corporation are some of the key players
offering solutions for laboratory information
system.
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