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Global Laboratory Information Systems (LIS) Market Current Strategy of the Businesses and Comparative Analysis with key Vendors – Sunquest Information Systems, Cerner Corporation, SCC Soft Computer, CompuGroup Medical US, CompuGroup Medical SE, Epic

The laboratory information systems (LIS) Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. The report provides with CAGR value fluctuation by 2024 for the market. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

The global laboratory information systems (LIS) market is expected to reach USD 2.9 billion by 2024 from USD 1.3 billion in 2016, growing at a CAGR of 10.1% by 2024.

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The report begins with a fundamental Laboratory Information System (LIS) advertise outline. It likewise goes about as a key device to ventures dynamic over the esteem chain and for new contestants by empowering them to exploit the open doors and create business procedures

Well known players of Global Laboratory Information Systems (LIS) Market are Sunquest Information Systems, Cerner Corporation, SCC Soft Computer, CompuGroup Medical US, CompuGroup Medical SE, McKesson, Epic, Medical Information Technology Solutions, MEDITECH, Orchard Software, Allscripts, Quest Diagnostics, CPSI, Merge Healthcare, an IBM Company, Comp Pro Med, Psyche Systems Corporation, TechniData America, Siemens Healthineers, Siemens, Evident.io, LabWare, Abbott,CompuGroup Medical Schweiz AG and others.

Market Segments

Based on geography

  • North America,
  • Europe,
  • Asia-Pacific,
  • South America and rest of the world

The geographical regions are further segmented into 24 major countries such as U.S. Canada, Mexico, Germany, France, U.K., Belgium, Switzerland, Belgium, Turkey, Japan, China, Singapore, Brazil, India, Russia, South Africa and many others. U.S. is expected to dominate the market due to the rising focus on healthcare data maintenance and integration among healthcare providers and payers.

By Delivery Mode

  • On-Premise,
  • Remotely-Hosted,
  • Cloud-Based

By Product

  • Standalone LIS
  • Integrated LIS

By Components

  • Service
  • Software

By End User

  • Clinical Diagnostic Laboratories,
  • Hospitals,
  • Anatomical Pathology Laboratories,
  • Blood Banks,
  • Molecular Diagnostic Laboratories

By Device Type

  • Clinical LIS,
  • Anatomical LIS

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Competitive Analysis and Key Point

The deployment of integrated healthcare systems helps facilitate a smooth exchange of patient data across different healthcare organizations. The emergence of new and complex tests, along with the necessity to make test results readily available for clinicians, presents significant challenges for laboratory managers/technicians. In order to take effective decisions, clinicians require a patient care summary. This in turn requires an integrated system that provides the entire diagnostic information in one database. A completely integrated LIS addresses various patient safety issues, enhances the quality of care, provides patient information at a single point of access, and eliminates the gaps in communication between care providers. The benefits associated with integrated solutions are better workflow, elimination of costs of maintaining interfaces between two software, easy retrieval of clinical data, and quick feedback for clinicians. These benefits make it easier for hospitals to replace their traditional LIS systems with an integrated LIS.

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