Laboratory Information System Market

1. Laboratory Information System Market The global laboratory information system market is predicted to grow to USD 3.2 billion by 2024, growing at a CAGR of 8.5% during the forecast period. The Laboratory Information System (LIS) is a software solution that manages information generated by laboratories to be obtained, handled and stored. It helps to simplify laboratory procedures to decrease the handling time of specimens, increase turnaround time, and increase productivity. By product, the laboratory information system market is categorized into standalone and integrated, of which standalone system holds the larger share in the market, globally due to technological innovation and upsurge in cloud-based laboratory information system. By component, the laboratory information system market is categorized into software and services, of which software hold the largest share in the laboratory information system market. By delivery mode, on-premise category accounted the largest share in the laboratory information system market due to customization characteristic of this delivery mode, and data securities. By end user, the laboratory information system market size for the independent laboratory is expected to grow at the fastest CAGR of 9.4% during the forecast period, globally. The growing prevalence of chronic diseases, the growth of the geriatric community, the increasing demand for laboratory diagnostic efficiency and precision, the reimbursement scenario for laboratories in the U.S., the creation of customised medicine programmes, the expansion of new and emerging goods, the expansion of LIS knowledge, the increase of integrated healthcare system requirements, and government schemes.

2. Key factors hindering the growth of the MRI guided neuro ablation devices market are limited awareness among patient about the treatment of brain tumour in developing countries, high cost, and a limited workforce. In addition, the dearth of skilled professionals is also having a negative impact on the growth of the market. Recent News: In April 2018, SCC Soft Computer and Australian Red Cross Blood Service have introduced an implementation study to assess SCC’s laboratory and genetics information management systems. Competitive Insights: Cerner Corporation, SCC Soft Computer, Mckesson Corporation, Compugroup Medical AG, EPIC Systems Corporation, Computer Programs and Systems, Inc., International Business Machines, and Orchard Software Corporation are some of the key players offering solutions for laboratory information system. VynZ Research Call: +91-996-028-8381 Toll-Free (U.S. and Canada): +1-888-253-3960 Email: enquiry@vynzresearch.com Web: https://www.vynzresearch.com Connect with Us:LinkedIn | Facebook | Twitter