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In 2016 U.S. is expected to dominate the North America Laboratory Information Systems (LIS) Market

The North America LIS market is expected to grow at a CAGR 5.9% CAGR in the forecasted period 2016 to 2022
sachit khadse | 24.08.2018
North American Laboratory Information Systems (LIS) Market, By Product Type (Standalone LIS, Integrated LIS), By Device Type (Clinical LIS, Anatomical LIS), By Components (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 Countries (U.S., Canada, Mexico) – Trends and Forecast to 2022

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•The North America LIS market is expected to grow at a CAGR 5.9% CAGR in the forecasted period 2016 to 2022. The market is segmented into product type Standalone and Integrated LIS. Based on geography the North America LIS market is segmented into 3 countries U.S., Canada, Mexico. U.S. is expected to dominate the market followed by Canada. U.S. is also expected to grow at the highest rate.

•The deployment of integrated healthcare systems helps facilitate a smooth exchange of patient data across different healthcare organizations. The emergence of new and complex tests, along with the necessity to make test results readily available for clinicians, presents significant challenges for laboratory managers/technicians. In order to take effective decisions, clinicians require a patient care summary.

•This in turn requires an integrated system that provides the entire diagnostic information in one database. A completely integrated LIS addresses various patient safety issues, enhances the quality of care, provides patient information at a single point of access, and eliminates the gaps in communication between care providers.

•The benefits associated with integrated solutions are better workflow, elimination of costs of maintaining interfaces between two software, easy retrieval of clinical data, and quick feedback for clinicians. These benefits make it easier for hospitals to replace their traditional LIS systems with an integrated LIS.

•profiling of key players have been conducted along with recent developments (new product launches & partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the North American laboratory information systems market. Sunquest Information Systems, Cerner Corporation, SSC Soft Computer, Compu Group Medical AG, McKesson Corporation, Epic Systems Corporation, Medical Information Technology, Orchard Software Corporation, Allscripts, Quest Diagnostics Incorporated, Computer Programs and Systems (CPSI), and Merge Healthcare are some of the key players in the market. Other players in this market include Comp Pro Med, Psyche Systems, Technidata America, and Siemens Medical Solutions, among others.

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Market Segmentation: North America Hospital Laboratory Information Management Systems Market
1. The North America hospital laboratory information management systems market is segmented on the basis of component into service and software. In 2018, service segment is expected to dominate the market with 65.8% market share.
2. The North America hospital laboratory information management systems market is segmented on the basis of product type into industry-specific and broad-based. In 2018, industry-specific segment is expected to dominate the market.
3. The North America hospital laboratory information management systems market is segmented on the basis of delivery into on-premise, cloud-based and remotely hosted. In 2018, on-premise segment is expected to dominate the market.
4. The North America hospital laboratory information management systems market is segmented on the basis of application into diagnostics, medical devices and others. In 2018, diagnostics LIMS market segment is expected to dominate the market.

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