Allied Market Research

Laboratory Information System (LIS) Market by Product (Standalone LIS and Integrated LIS)

Laboratory information system (LIS) is a software that accounts, stores, and manages data for laboratories. This system is used to send laboratory test orders, record test results, store data in a database used by the user.

 

Portland, OR -- (SBWIRE) -- 09/06/2017 -- At present, these systems are used widely in public health institutions, such as hospitals and clinics, to maintain data of patients tests, tracking of data quality, location and security, and end-user billing.

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The market is driven by need to control diagnostic errors, rise in chronic disease, utilization of LIS to enhance laboratory clinical workflow efficiency, incorporation of laboratory information system with Electronic Health Record (EHR) Systems, and increase in demand for quality & precise diagnosis. However, high maintenance cost of LIS systems and lack of skilled IT professionals in the healthcare industry may hamper this growth. In addition, 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 LIS market is segmented on the basis of product, delivery mode, component, end user, and region. Based on product, the market is bifurcated into standalone LIS and integrated LIS systems. The delivery mode segment includes on-premise LIS, web-based LIS, and cloud-based LIS. Based on component, the market is segmented into LIS services and software. Based on end user, it is classified into hospital laboratories, independent laboratories, physician office laboratories, and others (blood banks, retail clinics, and nursing homes). Geographically, it is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).

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Key players operating in the global laboratory information system (LIS) market are Cerner Corporation, McKesson Corporation, Epic Corporation Inc., Medical Information Technology, Inc., SCC Soft Computer, Sunquest Information Systems, Inc., CompuGroup Medical AG, Computer Programs and Systems, Inc., Merge Healthcare, Inc., and Orchard Software Corporation.