Laboratory Information System Market is currently valued at USD $1.47 Billion markets in 2018 and is estimated to reach $2.24 Billion by 2023 with a CAGR of 8.8%.
A Laboratory information system analyses the potential world markets for health care laboratory information system hardware and software which are in practice in the drug discovery, research labs, clinical diagnostics labs, and next-generation sequencing labs. Since its advent, it has been the industry's most technically advanced information management system.
A Laboratory information system is a complex system designed for data and information management related to medical laboratories which include analytical and clinical laboratories. This includes research and development labs, quality assurance labs and in-process testing labs. The information is stored in the LIS database for any future references. Laboratory information system helps in providing the information regarding diagnosis, treatment, prevention management of the disease. By the implementation of automation in laboratories, the process can be made more productive by minimizing the non-value adding steps which include centrifugation, sorting tubes and prepping and sorting material for storage.
Drivers
The growth of the market is driven by a host of factors that include the need to enhance the workforce efficiency of clinical laboratories, increased demand for quality diagnosis with reduced errors and rising integration of information systems in the laboratory. The market is also aided by the increasing chronic infectious diseases, increase in per capita expenditure on healthcare and advancements in healthcare IT solutions. However, the growth of the market is hampered by a few factors that include high costs involved in laboratory information systems and a lack of skilled healthcare professionals in the IT sector.
Detailed Segmentation of the report:
Laboratory Information System Market -By Component:
Laboratory Information System Market -By Delivery Mode:
Laboratory Information System Market -By End User:
Laboratory Information System Market -By Region:
Companies leading the Global Protein A Resins Market profiled in the report are
The laboratory information system market is aided by the increasing initiatives from government and industry players in the healthcare IT sector and laboratory services. The market is dominated by players like
Reasons to Purchase Laboratory Information System Market Report
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Component
5.1.1 LIS Services
5.1.2 LIS Software
5.1.3 LIS Hardware
5.2 By End-User
5.2.1 Hospitals
5.2.2 Independent Laboratories
5.2.3 Clinical Laboratories
5.2.4 Others
5.3 By Delivery Mode
5.3.1 Cloud Based
5.3.2 On-Premises
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 McKesson
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Cerner Corporation
8.3 Epic System Corporation
8.4 Medical information technology
8.5 SCC Soft computer
8.6 Sunquest Information systems
8.7 Labware
8.8 Compugroup Medical
8.9 Evident
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
