Global Laboratory information System Market
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Industry Overview 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. Different products such as integrated an standalone are majorly contributing to the laboratory information system market size. Laboratory information system (LIS) is a software solution which manages the obtaining, handling, and storage of information created by laboratories. It helps to simplify laboratory processes to decline specimen handling time, enhance turnaround time, and upsurge productivity. Explore Full Report Description at: https:// www.vynzresearch.com/healthcare/laboratory-information-system-ma rket/request-sample
market segmentation  Based on 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. The decrease of the separate maintenance and service charge of these LIS solutions led to the fastest growth of the integrated segment during the historical period, which is also predicted to continue during the forecast period.
Geographic Overview  Geographically, North America is the largest laboratory information system market as in the region the occurrence of chronic diseases is increasing, regulatory mandates in the U.S., and mounting personalized medicine initiatives. In addition, mounting initiatives by government and industry players in healthcare IT, expanding need for quality cancer diagnosis, the mounting requirement for the integrated healthcare system, and escalating healthcare spending are also fueling the growth of the North American laboratory information system market.
Competition among key players  Market players in the laboratory information system industry are investing capital to develop technologically advanced systems. 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. 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.
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