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North American Laboratory Information System (LIS) Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773706
  • Report
  • September 2019
  • Region: North America, United States
  • Allied Analytics LLP
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Laboratory information system (LIS) is a system designed to manage data and information in medical related laboratories. It enables users to store, modify, retrieve, and record laboratory data. The information regarding health of individual stored in LIS helps in diagnosis, prevention, and treatment of disease. The data associated with sample analysis in medical purposes can be stored, modified, and retrieved using LIS. In addition, scheduling, tracking, and management of patients are simplified with the help of LIS.

Increasing demand for improved laboratory efficiency and the need for integrated healthcare information systems propels the growth in the North American laboratory information systems market. In addition, supportive government initiative and investments from healthcare IT players supplements the growth. However, Lack of experienced professionals and high maintenance & service expenses are factors hindering the growth of the market. On the other hand, demand for powerful IT systems in diagnostic and medical laboratories present opportunities in the market.

The North American laboratory information systems market is segmented on the basis of products, types, components, delivery mode, end users, and countries. The product segment is divided into standalone LIS and integrated LIS. The types included in the report are clinical LIS and anatomical LIS. The components covered in the report are services and software. On-premise, remotely-hosted, and cloud-based are delivery modes discussed in the report. The end users segment is further classified into clinical diagnostic laboratories, hospitals, anatomical pathology laboratories, blood banks, and molecular diagnostic laboratories. The countries such as U.S., Canada, and Mexico would experience tremendous growth.

The major companies operating in the market are Epic Systems Corporation, McKesson Corporation, Medical Information Technology Inc., SCC Soft Computer, Compugroup Medical AG, Computer Programs And Systems Inc., Merge Healthcare Incorporated, Orchard Software Corporation, HEX Labs, and Cerner Corporation. They are adopting various strategies, such as expansion, new product launches, mergers & acquisitions, joint ventures, and others to strengthen their position in the market.

KEY BENEFITS FOR STAKEHOLDERS:

The report offers an in-depth analysis of key driving and restraining factors of the North American laboratory information systems market.
The report provides an extensive analysis of current and future market status of the North American laboratory information systems market.
This report offers an in-depth quantitative analysis of the current market and estimations through 2015 and 2020, which assists in identifying the prevailing market opportunities.
An in-depth analysis of key strategies adopted by leading manufacturers helps in understanding competitive scenario.
Comprehensive analysis has been done in this report by constructing market estimations for the key market segments between 2015 and 2020.
An in-depth analysis of current research and clinical developments withinthe North American laboratory information systems market is provided with key market dynamic factors that help in understanding the behaviour of the market.
The North American laboratory information systems market is segmented into U.S., Canada, and Mexico.

KEY MARKET SEGMENTS:

By Product

Standalone LIS
Integrated LIS

By Type

Clinical LIS
Anatomical LIS

By Component

Services
Software

By Delivery Mode

On-Premise
Remotely-Hosted
Cloud-Based

By End User

Clinical Diagnostic Laboratories
Hospitals
Anatomical Pathology Laboratories
Blood Banks
Molecular Diagnostic Laboratories

By Country

U.S.
Canada
Mexico

Key Market Players:

Epic Systems Corporation
McKesson Corporation
Medical Information Technology Inc.
SCC Soft Computer
Compugroup Medical AG
Computer Programs and Systems Inc.
Merge Healthcare Incorporated
Orcha



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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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