To prepare market research report, certain steps are to be followed for collecting, recording and analysing market data. North America Laboratory Information Systems (LIS) Market research report identifies and analyses the emerging trends along with major drivers, inhibitors, challenges and opportunities in the market. In this era of globalization, the whole world is the marketplace and hence businesses seek to adopt a global market research report. This is a professional and in depth market report that focuses on primary and secondary drivers, market share, possible sales volume, leading segments and geographical analysis. With the winning North America Laboratory Information Systems (LIS) Market report, a strong organization can be built which can make better decisions for a successful business.

North America Laboratory Information Systems (LIS) Market report gives an edge to compete and to outdo the competition. By understanding client’s requirements precisely, this report brings together business and product information for the sustainable growth in the market. A team of multi-lingual analysts and project managers is right there who are skilled to serve clients on every strategic aspect including product development, key areas of development, application modelling, use of technologies, the acquisition strategies, exploring niche growth opportunities and new markets. The large scale North America Laboratory Information Systems (LIS) Market research report estimates the growth rate and the market value based on market dynamics and growth inducing factors.

North America laboratory information systems (LIS) market was valued at USD 1166.38 million in 2021 and is expected to reach USD 2358.42 million by 2029, registering a CAGR of 9.20% during the forecast period of 2022-2029.

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The data for clinical laboratories is managed, recorded, and stored using a laboratory information system (LIS) software. This technology makes it easier to order lab tests, transmit them to the instruments in the lab, and track and record the results in a searchable database. It is widely used in hospitals, clinics, independent laboratories, and other settings to maintain data monitoring and management, track data quality, maintain security, and bill end users.

Opportunities

·         Emergence of Cloud-Based Services

The emergence of cloud-based services is estimated to generate lucrative opportunities for the market, which will further expand the future laboratory information systems (LIS) market's growth rate. The cloud-based laboratory information systems (LIS) solutions don't need any upfront capital investments for hardware, which eases the load on healthcare systems, decreases the need for IT workers, and offers quick and safe data transfer. Adopting cloud-based solutions assists to manage the massive amounts of data produced by these operations and lower the overall cost of ownership of the system. Moreover, the advantages such improved data accessibility, cost-effectiveness, and real-time analysis further provides major growth potential for the market.

·         Increment in Market Expansion Strategies

Additionally, the various strategies the market players adopt further offer numerous growth opportunities within the market. The massive laboratory information systems (LIS) investments, the growing demand for customized systems with data security features, and the availability of cutting-edge platforms are all projected to open up new market growth opportunities. The market is expected to increase as a result of rising laboratory automation adoption and research and development advancements, notably in the biotechnology and pharmaceutical industries.

Some of the major players operating in the laboratory information systems (LIS) market are

·         Orchard Software Corporation (U.S.)

·         CliniSys (U.S.)

·         Cerner Corporation (U.S.)

·         Siemens (Germany)

·         CompuGroup Medical (Germany)

·         CPSI (U.S.)

·         Meditech (U.S.)

·         Thermo Fisher Scientific (U.S.)

·         Abbott (U.S.)

·         Illumina, Inc. (U.S.)

·         SCC Soft Computer (U.S.)

·         Epic Systems Corporation (U.S.)

·         Comp Pro Med (U.S.)

·         American Soft Solutions Corp. (U.S.)

·         Eusoft Ltd. (Italy)

·         Allscripts Healthcare Solutions, Inc. (U.S.)

North America Laboratory Information Systems (LIS) Market Scope

The laboratory information systems (LIS) market is segmented on the basis of product, type, components, delivery mode and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

·         Standalone

·         Integrated

 Type

·         Clinical

·         Anatomical

 Components

·         Services

·         Software

Delivery Mode

·         Cloud-Based

·         On Premises

 End Use

·         Hospitals

·         Clinics

·         Anatomical Pathology Laboratories

·         Blood Banks

·         Molecular Diagnostic Laboratories

·         Others

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The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The North America Laboratory Information Systems (LIS) market research report offered a very useful resource that can help stakeholders, manufacturers, decision-makers, and market participants to become familiar with all the factors impacting the growth of the global market. The report includes SWOT, and market analyses to provide a deep and clear understanding of aspects of the North America Laboratory Information Systems (LIS) market.

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