Laboratory Information System Market Volume Forecast and Value Chain Analysis 2016-2020 Business

Laboratory Information System Market Volume Forecast and Value Chain Analysis 2016-2020

BY Randy Nichols • June 29, 2016
Randy Nichols

Randy Nichols

  • 103 Articles
  • Joined June 21, 2016

A laboratory information system is software tool that record, manage and stores patient data for healthcare related laboratories consisting clinical and analytical laboratories. Laboratory information system (LIS) is also referred as laboratory information management system (LIMS) however there are some differences between both software systems. LIS is used to capture only clinical data and LIMS is used to capture clinical as well as nonmedical and pharmaceutical data. LIS have different features such as patient’s demographics, order entry, sample processing, patient sign in and result entry. All collected medical information is stored in LIS database for future reference. LIS is designed to manage all the processes involved in laboratory activities. Electronic data collection in LIS is time saving and error free process.

Global laboratory information system market is mainly driven by healthy economic growth in developed countries. Increase in incidences of chronic disease and aging population results in high demand for many diagnostic tests. This is one of the major driving factors for growth of market. The primary factor affecting growth of market is high cost of implementing LIS and lack of professional IT individuals to gather and examine data from various resources to generate laboratory information.

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The worldwide laboratory information systems market is classified on the basis of end user, components, delivery mode, and geographically. End user segment include hospitals, clinics, independent laboratories and others. Among all end user clinical laboratories emerge as a potential segment in 2015 due to rising demand for numerous diagnostic tests. Based on component, the market has been segmented into software, services and hardware. On the basis of delivery mode market is further categorized into on-premises and cloud based LIS.

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Geographically, North America dominated the laboratory information systems market in 2015. The biggest share of this region can be attributed to various factors such as increased prevalence of chronic disease and rising government support. Europe is a one of the major player in the laboratory information systems market due to increased awareness about latest developments and easy availability of LIS. Asia Pacific represents a region with a very large potential for laboratory information systems market.

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Some of the key players identified in the global laboratory information systems market are Epic Systems Corporation, LabWare, SCC Soft Computer, McKesson, Merge Healthcare, Orchard Software, CompuGroup Medical, and Abbott Informatics.

Global Laboratory Information Systems Market: End User Segment Analysis

  • Hospitals,
  • Clinics,
  • Independent laboratories
  • Others

Global Laboratory Information Systems Market: Component Segment Analysis

  • Software,
  • Services
  • Hardware

Global Laboratory Information Systems Market: Deployment Segment Analysis

  • On-premise
  • Cloud based

Global Laboratory Information Systems Market: Region Segment Analysis

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