Laboratory Information System/LIS Market by Component, Types &; Delivery Mode - 2019

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Laboratory Information Systems (LIS) Market worth $1,806.1 Million by 2019

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The global Laboratory Information System market is expected to reach $1,806.1 million by 2019 from the expected $1,175 million in 2014, growing at a CAGR of 9% from 2014 to 2019. Major factors driving growth of this market include growing need to integrate healthcare systems, rising incentives of the federal government to support adoption of LIS, advances in the molecular diagnostics field, and rising aging population and chronic diseases that result in larger number of diagnostic tests.

Browse 85 Market Data Tables 50 Figures 162 pages and in-depth TOC on “Laboratory Information Systems (LIS) Market�

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The laboratory information system market by component is bifurcated into software and services. The services market is poised to witness the highest CAGR from 2014 to 2019, owing to the fact that LIS users regularly require services such as consulting, interfacing and on-going IT support, training and education, and maintenance services. http://www.marketsandmarkets.com/Market-Reports/laboratory-information-systemmarket-232312738.html

The global Laboratory Information System market involves various products that help in efficient management of the laboratory workflow process. This market is driven by several factors which include rising need to integrate healthcare systems, increasing demand for molecular diagnostic tests, rising aging population and chronic diseases resulting in greater number of diagnostic tests, and increasing government investments to support the implementation of LIS solutions. The relatively untapped Asian market and increasing popularity of cloud-based LIS have opened an array of opportunities for growth of the market. However, high costs of laboratory information system solutions, high costs of maintenance and services, and dearth of skilled HCIT professionals are some of the major factors that restrain the growth of this market.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=232312738 The global laboratory information system market is dominated by North America, followed

by Europe, Asia, and Rest of the World (RoW). North America will continue to lead the global market during the forecast period, followed by Europe. Over the next five years, growth of the market in the Asian region is likely to be centered at China, Singapore, and India.

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On the basis of product, the market is segmented into standalone and integrated laboratory information system. As of 2014, the standalone segment accounts for the largest share of the global laboratory information system products market. The high share can be attributed to their flexibility and the fact that they are more focused on laboratory work flow and is simple to work with as compared to integrated systems. However, the integrated LIS segment is expected to witness high growth in the forecast period as these systems offer true integration across the entire organization and minimal or no interfacing is required.

Get PDF Brochure: http://www.marketsandmarkets.com/pdfdownload.asp?id=232312738 Key players in the market include Sunquest Information Systems (U.S.), Cerner Corporation (U.S.), SSC Soft Computer (U.S.), CompuGroup Medical AG (Germany), McKesson Corporation (U.S.), Epic Systems Corporation (U.S.), Medical Information Technology (U.S.), Orchard Software Corporation (U.S.), Computer Programs and Systems (CPSI) (U.S.), and Merge Healthcare (U.S.).

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