Laboratory Information System Market worth 2.12 Billion USD by 2021
Laboratory Information System Market by Product (Standalone, Integrated), Component (Services, Software), End User (Hospital Labs, Independent Labs), Delivery Mode (On-premise, Web-based, Cloud-based)
(EMAILWIRE.COM, March 01, 2019 ) Browse 86 market data Tables and 44 Figures spread through 169 Pages and in-depth TOC on "Laboratory Information System Market by Product (Standalone, Integrated), Component (Services, Software), End User (Hospital Labs, Independent Labs), Delivery Mode (On-premise, Web-based, Cloud-based) - Analysis & Forecasts to 2021"
By product, the standalone LIS segment is estimated to account for the largest share of the market in 2016
On the basis of products, the laboratory information systems market is segmented into standalone LIS and integrated LIS solutions. The standalone LIS segment is estimated to account for the largest share of the global laboratory information systems market in 2016. The ability of standalone LIS to work offline as they are not part of any software package, better affordability, enhanced data security, and user-friendly nature as compared to an integrated network are factors responsible for their higher implementation.
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By Delivery mode, on premise segment is estimated to account for the largest share of the global laboratory information system (LIS) market in 2016
Based on delivery mode, the global laboratory information system (LIS) market is segmented into on premise LIS, web-based LIS and cloud-based LIS delivery mode. The on-premise segment is estimated to account for the largest share of the global laboratory information system (LIS) market in 2016, due to factors such as enhanced data security and customization of systems as per healthcare provider in on premise delivery mode.
North America to dominate the market in 2016
On the basis of region, the global market is divided into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In 2016, North America is estimated to account for the largest share of the global laboratory information system (LIS) market, followed by Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific market is slated to grow at the highest CAGR and serve as a revenue pocket for companies offering laboratory information system (LIS).
Prominent players in the global laboratory information system (LIS) market are Cerner Corporation (U.S.), McKesson Corporation (U.S.), Epic Corporation Inc. (U.S.), Medical Information Technology, Inc. (U.S.), SCC Soft Computer (U.S.), Sunquest Information Systems, Inc. (U.S.), CompuGroup Medical AG (Germany), Computer Programs and Systems, Inc. (U.S.), Merge Healthcare, Inc. (U.S.), and Orchard Software Corporation (U.S.).
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