North America Laboratory Information Systems (LIS) Market report considers an in depth description, competitive scenario, wide product portfolio of key vendors and business strategy adopted by competitors along with their SWOT analysis and Porter's Five Force analysis. The market study aids in making sales forecasts for its products and thereby establishing harmonious adjustment between demand and supply of its products. This market document is a window to the industry which talks about what market definition, classifications, applications, engagements and market trends are. North America Laboratory Information Systems (LIS) market research report is a vital report in planning business objectives or goals.
Global North America Laboratory Information Systems (LIS) market research report is a complete overview of the market, covering various aspects like product definition, segmentation based on various parameters, and the prevailing vendor landscape. Healthcare industry is anticipated to witness higher growth during the forecast period due to growing demand at the end user level. This market report evaluates CAGR value fluctuation during the forecast period of 2022-2029 for the market. With an all-inclusive North America Laboratory Information Systems (LIS) market research report businesses can create a unique space in the global industry and get identified as the most consistent and dedicated growth partner for market research, strategy formulation and sustainable organizational development.
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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Fundamental Aim of North America Laboratory Information Systems (LIS) Market Report
In the North America Laboratory Information Systems (LIS) Market, every company has goals, but this report focuses in on the most important ones, allowing you to gain insight into the competition, the future of the market, potential new products, and other useful information that can boost your sales significantly.
· Factors influencing the North America Laboratory Information Systems (LIS) Market Size and growth rate.
· Major alterations to the North America Laboratory Information Systems (LIS) Market in the near future.
· Notable Market rivals around the world.
· The North America Laboratory Information Systems (LIS) Market's Future Scope and Product Outlook
· Future-promising emerging markets.
· The Market Presents Difficult Challenges and Threats.
· Sales data and profiles of the world's leading North America Laboratory Information Systems (LIS) Market players
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