North America Laboratory Information Systems (LIS) Market Key Players, Overview, Competitive Breakdown and Regional Forecast to 2029
The large scale North America Laboratory Information Systems (LIS) Market report is a synopsis about how is the market status right now and how will it be in the forecast years for Healthcare industry. The report gives details about the top players and brands that are driving the market. Also, this market analysis report gives an in-depth knowledge on what the recent developments, products launches are, while also keeping the track for recent acquisitions, mergers, joint ventures and competitive research in the global market industry. This marketing report also provides the knowledge of all the drivers and restraints which are derived through SWOT analysis. North America Laboratory Information Systems (LIS) Market is a professional and detailed report that highlights primary and secondary drivers, market share, leading segments and geographical analysis.
The significant North America Laboratory Information Systems (LIS) Market research report takes into consideration key market dynamics of the sector. The current market scenario and future prospects of the sector have also been examined here. Further, it presents the company profile, product specifications, production value, and contact information of manufacturer and market shares for company. All the numerical data included in the report is backed up by excellent tools such as SWOT analysis, Porter's Five Forces Analysis and others. The statistics are signified in graphical and tabular format for a clear understanding on facts and figures. The large scale North America Laboratory Information Systems (LIS) marketing report also analyzes the emerging trends along with major drivers, challenges and opportunities in the market.
North America laboratory information systems (LIS) market was valued at USD 1166.38 million in 2021 and is expected to reach USD 2358.42 million by 2029, registering a CAGR of 9.20% during the forecast period of 2022-2029.
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The data for clinical laboratories is managed, recorded, and stored using a laboratory information system (LIS) software. This technology makes it easier to order lab tests, transmit them to the instruments in the lab, and track and record the results in a searchable database. It is widely used in hospitals, clinics, independent laboratories, and other settings to maintain data monitoring and management, track data quality, maintain security, and bill end users.
Opportunities
· Emergence of Cloud-Based Services
The emergence of cloud-based services is estimated to generate lucrative opportunities for the market, which will further expand the future laboratory information systems (LIS) market's growth rate. The cloud-based laboratory information systems (LIS) solutions don't need any upfront capital investments for hardware, which eases the load on healthcare systems, decreases the need for IT workers, and offers quick and safe data transfer. Adopting cloud-based solutions assists to manage the massive amounts of data produced by these operations and lower the overall cost of ownership of the system. Moreover, the advantages such improved data accessibility, cost-effectiveness, and real-time analysis further provides major growth potential for the market.
· Increment in Market Expansion Strategies
Additionally, the various strategies the market players adopt further offer numerous growth opportunities within the market. The massive laboratory information systems (LIS) investments, the growing demand for customized systems with data security features, and the availability of cutting-edge platforms are all projected to open up new market growth opportunities. The market is expected to increase as a result of rising laboratory automation adoption and research and development advancements, notably in the biotechnology and pharmaceutical industries.
Some of the major players operating in the laboratory information systems (LIS) market are
· Orchard Software Corporation (U.S.)
· CliniSys (U.S.)
· Cerner Corporation (U.S.)
· Siemens (Germany)
· CompuGroup Medical (Germany)
· CPSI (U.S.)
· Meditech (U.S.)
· Thermo Fisher Scientific (U.S.)
· Abbott (U.S.)
· Illumina, Inc. (U.S.)
· SCC Soft Computer (U.S.)
· Epic Systems Corporation (U.S.)
· Comp Pro Med (U.S.)
· American Soft Solutions Corp. (U.S.)
· Eusoft Ltd. (Italy)
· Allscripts Healthcare Solutions, Inc. (U.S.)
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North America Laboratory Information Systems (LIS) Market Scope
The laboratory information systems (LIS) market is segmented on the basis of product, type, components, delivery mode and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
· Standalone
· Integrated
Type
· Clinical
· Anatomical
Components
· Services
· Software
Delivery Mode
· Cloud-Based
· On Premises
End Use
· Hospitals
· Clinics
· Anatomical Pathology Laboratories
· Blood Banks
· Molecular Diagnostic Laboratories
· Others
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