Laboratory Information System market is expected to grow from USD 1.33 billion in 2019 to USD 2.15 billion by 2026 at a CAGR of 7.10% from 2020 to 2026.
Laboratory data system (LIS) may be software that accounts, stores, and manages data for laboratories. this technique is employed to send laboratory test orders, record test results, store data during a database employed by the user. The market is driven by got to control diagnostic errors, rise in chronic disease, utilization of LIS to reinforce laboratory clinical workflow efficiency, incorporation of laboratory data system with Electronic Health Record (EHR) systems, and increase in demand for quality & precise diagnosis. Nevertheless, the high maintenance cost of LIS systems and the lack of skilled IT professionals within the healthcare industry may hamper this growth. Furthermore, the introduction of novel systems and cloud-based LIS, integration of LIS with hospital management systems, and potential in emerging geographies present numerous opportunities for market growth. The global market is segregated on the basis of Delivery Mode as On-premise LIS and Cloud-based LIS. Based on Product the global market is segmented in Standalone LIS and Integrated LIS. Based on Component the global market is segmented in Services and Software. Based on End User, the global market is segmented in Hospital laboratories, Independent laboratories, Physician office laboratories, and Other end users.
The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
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The global Life Science Analytics market has been segmented as below:
The global Laboratory Information System market has been segmented as below:
By Delivery Mode
Physician office laboratories
Rest of The World
Orchard Software Corporation, Sunquest Information Systems, Inc, Cerner Corporation, Computer Programs and Systems, Inc. (CPSI), Compugroup Medical AG, Meditech, SCC Soft Computer, EPIC Systems Corporation, Comp Pro Med, Inc., Schuyler House, and others are among the major players in the market. The companies studied in terms of product strategy and various n several growths and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.
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