The healthcare industry, with its sprawling network and ever-growing demand, has always strived to provide the best quality of services to patients. As this sentiment extends to efficient recordkeeping and swift results, the demand for laboratory information systems (LIS) has witnessed an incredible surge. A laboratory information system is a system designed for storing complicated information pertaining to industrial or healthcare laboratories such as analytical and clinical laboratories. The use of laboratory information system enables users to store, manage, retrieve, record, and obtain laboratory data with ease.

Laboratory Information System Market Trends:
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Some of the important players in the global laboratory information system market are Psyche Systems, McKesson Corporation, Sunquest Information Systems, Cerner Corporation Medical Information Technology (Meditech), CompuGroup Medical, SCC Soft Computer, EPIC Systems Corporation, Merge Healthcare, Computer Programs and Systems Inc., HEX Laboratory Systems, Comp Pro Med, Orchard Software, TechniData America, and Siemens Medical Solutions.

Collaborations Pave Way for Efficient Solutions

Psyche Systems recently announced its collaboration with tevixMD to offer laboratories a system to verify patients for their eligibility at accessioning, point of service, or while submitting the case for billing. After the patient is verified with tevixMD, the information will be transferred to Psyche's LIS, where it will be stored along with the patient’s case information.

The laboratory information systems by Psyche will offer a centralized platform and unified database that will cater to the specific needs of the workflow, tracking, testing intricacies, and complex reporting actions that are generally seen in areas of toxicology and drug management, molecular, and pathology. The new approach will ensure efficient, profitable, and productive output for the labs along with a promise of top-notch services for the clients.

Global Laboratory Information Market Receives Boost from Improving Government Initiatives

The global laboratory information systems market is expected to expand due to the growing need for integrated healthcare information systems, improving government initiatives, and extensive investments made by healthcare IT players. Furthermore, this market will also rise due to the changing scenario in the healthcare services industry, which is making players look at deploying laboratory information systems with a fresh perspective.

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The global laboratory information system market is segmented on the basis of application, delivery, component, and geography. The applications of laboratory information systems are seen in drug delivery and clinical diagnostics. The modes of delivery used in this market are web-based, on-premise, and cloud-based. The components of laboratory information systems are hardware, software, and services. Geographically, this market is segmented into North America, Europe, Asia Pacific, and Rest of the World.

Geographically, North America will hold the dominating share in the global laboratory information systems market. The high prevalence of life-threatening diseases and an urgent need for diagnosing and treating them will be the two important factors driving the growth of the laboratory information systems market in North America.