Laboratory Information System (LIS) is also known as Laboratory Information Management System (LIMS). Laboratory Information System is a software-based laboratory which is utilized for information management. Laboratory Information System has features which are similar to a modern laboratory. Some of the key features of Laboratory Information System are data tracking, data mining, data analysis and data exchange interfaces. Laboratory Information System is an Enterprise Resource Planning (ERP) tool which manages multiple tasks in laboratory informatics.
Laboratory Information Systems Market: Drivers & Restraints
The demand for global Laboratory Information Systems is largely driven by the increasing number of end user laboratories in developed as well as developing countries. Also, there is a surge in the number of training institutes for Healthcare Intranet Technologies with the rapidly spreading awareness of the offerings and advantages of Laboratory Information Systems. The global Laboratory Information Systems market growth expected to be boosted by the need for advanced monitoring systems which aid in accurate clinical decisions. However, the global Laboratory Information Systems market growth is likely to witness lower adoption rates due to high costs for the maintenance of Laboratory Information Systems and inadequate IT infrastructure.
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Laboratory Information Systems Market: Segmentation
Laboratory Information Systems market is classified on the basis of application, delivery mode, component and geography.
Based on application, the global Laboratory Information Systems market is segmented into the following:
Clinical Research
Hematology
Pharmacy
Based on delivery mode, the global Laboratory Information Systems market is segmented into the following:
On-premise
Cloud Based
Based on component, the global Laboratory Information Systems market is segmented into the following:
Software
Hardware
Services
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Laboratory Information Systems Market: Overview
The global Laboratory Information System market is forecast to reach a billion by the end of 2020, growing at a remarkable CAGR during the forecast period. Laboratory Information System is used for research and analysis in healthcare. The requirements of Laboratory Information System are evolving rapidly as per the dynamic requirements of modern laboratories. Laboratory Information System in short is a system analyst, a laboratory manager as well as an accountant depending on the demands of the user. The global Laboratory Information System market is set to witness a trend of mobile based applications and solutions.
Laboratory Information Systems Market: Region-wise Outlook
Depending on geographic regions, global Laboratory Information Systems market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa. North America Laboratory Information System market is projected to hold a major share in the global Laboratory Information System market owing to the increasing need for automation in healthcare system coupled with advancing government incentives and investments by IT companies providing healthcare services. The Asia Pacific region is expected to be boosted by the increasing number of outsourcing activities in healthcare of the foreign players from Americas and Europe.
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Laboratory Information Systems Market: Key Players
The Laboratory Information System manufacturers have opportunity to develop Laboratory Information Systems at affordable prices as compared to the existing prices. Some of the key market players in the global Laboratory Information Systems market are LabVantage Solutions, Inc., STARLIMS Corporation, Thermo Fisher Scientific Inc., Core Informatics , Autoscribe Limited, PerkinElmer Inc., LabLynx, Inc., GenoLogics, Sunquest Information Systems, Inc., Accelerated Technology Laboratories, Inc.,Orchard Software Corporation, Psyche Systems Corporation, NeTLIMS, SCC Soft Computer to name a few.