A new Transparency Market Research report states that the global laboratory information systems (LIS) market stood at US$1,381.4 bn in 2013 and is expected to reach US$2,158.0 bn by 2019. It is expected to expand at a CAGR of 7.70% from 2013 to 2019. The title of the report is “Laboratory Information System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.
As per this report, the major factor fuelling the laboratory information systems market is the rising requirement for integrated healthcare information systems. In addition, the increase in initiatives taken by governments and healthcare IT players is also boosting the market for laboratory information systems. Furthermore, the advancement in healthcare services in numerous parts of the world is raising the demand for laboratory information systems. On the other hand, interoperability issues, soaring service and maintenance expenses, and absence of experienced professionals are amongst the few factors inhibiting the growth of the laboratory information systems market.
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On the basis of delivery mode, the global market for laboratory information systems is segmented into web-based technology, on-premise technology, and cloud-based technology. On the basis of component, the market is segmented into software, hardware, and services. On the basis of application, the market for global laboratory information systems is segmented into clinical diagnostics and drug delivery laboratory information systems. Amongst these, the clinical diagnostics laboratory information systems segment led the market in terms of applications and is predicted to rise at an 8.90% CAGR between 2013 and 2019.
On the basis of geography, the market is segmented into North America, Asia, Europe, and Rest of the World (RoW). Amongst these, North America holds the biggest share in the market for laboratory information systems. The reasons for the high demand for laboratory information systems in the region of North America include the rising count of cases of life-threatening diseases and the need for their diagnosis and treatment. The North America market for laboratory information systems also benefits owing to the public funded healthcare structure in the region.
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On the other hand, Europe is the most swiftly developing market for laboratory information systems. The high demand for laboratory information systems in this region is due to the rising occurrence of diseases and initiatives taken by governments for promoting the usage of laboratory information systems. Country-wise, the most swiftly developing markets for laboratory information systems include Germany, Japan, the U.K., and the U.S.
As per the report, the major players dominant in the market include McKesson Corporation, Cerner Corporation Medical Information Technology (Meditech), Sunquest Information Systems, SCC Soft Computer, CompuGroup Medical (Germany), EPIC Systems Corporation, Merge Healthcare, Computer Programs and Systems Inc., Orchard Software, Comp Pro Med, TechniData America, Psyche Systems, Siemens Medical Solutions, and HEX Laboratory Systems, among others.
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