North American Laboratory Information System Market Growth, Trends and industry Analysis 2024
Axiom Market Research & Consulting™ added “North American Laboratory Information System Market Growth,Trends and industry Analysis 2024” The North American laboratory information system market is projected to grow at a CAGR of 9.2% from 2017 to 2022. Laboratory information system is a software or services based system designed for data management of medical laboratory test results and related information. The market for laboratory information system is expected to grow rapidly due to increasing demand for quality diagnosis with minimum errors and need for improving the efficiency of the laboratories.
Growing occurrence of chronic diseases and rising ageing population is demanding advanced healthcare system in North American region.
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The North American laboratory information systems market is segmented on the basis of its products, types, components, delivery mode, and end users. The market is studied for the U.S., Canada, and Mexico. The most important products of laboratory information systems (LIS) are standalone LIS, and integrated LIS. The standalone LIS products dominate the LIS market while integrated LIS is projected to be the fastest growing market due to rising demand for the same mainly due to its reduced installation cost and maintenance.
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Laboratory information systems are majorly used in clinical diagnostic laboratories, anatomic pathology laboratories, molecular diagnostic laboratories, hospitals, blood banks among others. The use of these systems is highest in hospitals due to high need for data management, affordability and in-house laboratories developed in the hospitals. The leading players include Cerner Corporation, Compugroup Medical AG, Computer Programs and Systems, Inc. (CPSI), EPIC Systems Corporation, Mckesson Corporation, Meditech (Medical Information Technology, Inc.), Merge Healthcare, Inc., Orchard Software Corporation, SCC Soft Computer, Sunquest Information Systems, Inc. among others. These players are expanding their presence in the market by innovating new and unique types of products and services for a wide variety of applications.
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