North America Laboratory Information Systems (LIS) Market Size, Share, Trends, Growth Analysis, Development, Revenue, Future Growth and Forecast to 2029
A proficient team take efforts painstakingly with their potential capabilities to generate the finest North America Laboratory Information Systems (LIS) Market research report. The key research methodology employed here by DBMR team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary validation. It has been assured that this business report makes available absolute knowledge and insights to the clients about the new regulatory environment which suits to their organization. The winning North America Laboratory Information Systems (LIS) business report helps clients recognize new opportunities and most important customers for their business growth and increased revenue.
With the resourceful use of technology, innovative applications, and expertise, North America Laboratory Information Systems (LIS) market analysis report is built which successfully manages large and complex market data tables. The market report is produced based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Not to mention, gathered market data and information is represented very well in the persuasive North America Laboratory Information Systems (LIS) market report with the help of graphs, charts or tables to simplify the flow for better user understanding. Market share analysis and key trend analysis are the two other major success factors of this influential market survey report.
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.
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.)
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.
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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The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The North America Laboratory Information Systems (LIS) market research report offered a very useful resource that can help stakeholders, manufacturers, decision-makers, and market participants to become familiar with all the factors impacting the growth of the global market. The report includes SWOT, and market analyses to provide a deep and clear understanding of aspects of the North America Laboratory Information Systems (LIS) market.
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