(EMAILWIRE.COM, June 30, 2018 ) The global laboratory information system market is segmented on the basis of product, delivery mode, component, and end-users. By product, the market is segmented into standalone LIS and integrated LIS systems. The standalone LIS segment is estimated to account for the largest share of the global LIS market in 2016. Integrated LIS segment is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the reduction of the separate maintenance and service cost of these LIS solutions.

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On basis of delivery mode, the market is segmented into on premise LIS, web-based LIS and cloud-based LIS. The on premise segment is expected to account for the largest share of the laboratory information system market in 2016. This is attributed to the data security and customization feature of these delivery mode.

The LIS market, based on component, is segmented into services and software. The services segment is expected to account for the largest share of the laboratory information system market in 2016. This is mainly attributed to indispensable nature of these services along with availability of advanced LIS services by key players. The software segment is expected to grow at the highest CAGR during the forecast period.

On the basis of end users, the laboratory information system market is segmented into hospital laboratories, independent laboratories, physician office laboratories (POL) and other end users (Blood banks, retail clinics and nursing homes). The hospital laboratories segment is expected to account for the largest share of the market in 2016, and is projected to grow at significant CAGR during the forecast period. Affordable LIS solutions for hospitals and need for laboratory data attributed to the growth of LIS market.

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On the basis of regions, the laboratory information system market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2016. The large share of the North American region can be attributed to the rising chronic disease prevalence and increasing initiatives by industry players and government in field of healthcare IT. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

Source: Healthcare Information Management Systems Society (HIMSS), Society for Laboratory Automation and Screening, American Association for Clinical Chemistry (AACC), European Coordination Committee of the Radiological Electrometrical and Health Care IT Industry (COCIR), American Health Information Management Association (AHIMA), U.S. Food and Drug Administration, The College of American Pathologists (CAP), American Society for Clinical Pathology, Centers for Medicare and Medicaid Services (CMS), Annual Reports, Press Releases, Expert Interviews, and MarketsandMarkets Analysis

Some of the major players in the laboratory information system 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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