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The ‘ Laboratory Information System market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Laboratory Information System derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Laboratory Information System market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).
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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
| covid-19 scenario | Market Behavior/ Level of Risk and Opportunity | End Industry Behavior/ Opportunity Assessment | Expected Industry Recovery Timeline | Business Impact Horizon |
| Opening of Economy by Q3 2020 | xx | xx | xx | xx |
| Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 | xx | xx | xx | xx |
Laboratory Information System Market by Delivery Mode .On-premise LIS and Cloud-based LIS), Product .Standalone LIS and Integrated LIS), Component .Services and Software), End-user .Hospital laboratories, Independent laboratories, Physician office laboratories, and Other End- users), Geography .North America, Europe, Asia Pacific and Rest of the World)
The laboratory information system is a software solution that involves recording, managing, and storing the data related to the laboratory information in the clinical laboratories. Laboratory information system allows effective management of research samples and data related to a sample. The laboratory information system data is shareable across various healthcare domains.
Research Methodology:
The laboratory information system market has been analyzed by utilizing the optimum
combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:
The factors contributing to the market growth of the laboratory information system are the increasing incidence of chronic diseases, the demand for automated laboratory solutions, and the need for efficiency and the necessity to meet the regulatory requirements. Moreover, the increasing demand for cloud-based laboratory information systems and the increasing importance in developing countries provide opportunities for market growth. Somehow, the lack of skilled professionals in this field restraining market growth. The laboratory information system market is predicted to grow at a CAGR of ~6.86% in the forecasting period; the market is growing from a value of $1,810 million in 2020 to $2,690 million in 2026.
This report provides an analysis on the key players – Orchard Software Corporation, Sunquest information systems, Inc., Cerner Corporation, Ecotest, Computer Programs and Systems, Inc., Compugroup Medical ag, Comp Pro Med, Inc., SCC Soft Computer, Epic Systems Corporation, Schuyler House, LabWare, Inc., LabHealth, American Soft Solutions Corp, LigoLab LLC, Allscripts Healthcare Solutions, Inc, Common Cents Systems, Inc, XIFIN, Inc, Cirdan Ltd, and Clinical Software Solutions Ltd.
The laboratory information system market categorized as follows:
Based on Delivery Mode:
On-premise LIS
Cloud-based LIS
Based on Product:
Standalone LIS
Integrated LIS
Based on Component:
Services
Software
Based on End-user:
Hospital laboratories
Independent laboratories
Physician office laboratories
Other end-users
Based on Geography:
North America
Europe
Asia Pacific
Rest of the World
Based on delivery mode, the on-premise laboratory information system segment is projected to have the largest share in the laboratory information system market. The on-premise segment is leading due to the reason that on-premise delivery enables users to utilize the solutions from various players, which allows the modification according to the users’ requirements.
The market also segmented based on product type standalone laboratory information system segment has the largest market share with multiple benefits compared to the integrated laboratory information system, such as the ability to work offline and user-friendly characteristics.
The laboratory information system market based on components is divided into services and software where the services segment is having the largest share in the market. The services segment has the largest demand share due to the essential nature and recurrent usage. The laboratory information system users greatly depend on the services for better solutions.
Further, based on end-users, the hospital laboratories segment is projected to propel the market share. Hospital laboratories enabled turning down the waiting time for patients and for the better quality of diagnostics. In addition, a laboratory information system enables interaction with experts and also able to share the digital slide images of specimens.
Based on the regional analysis, the largest market share is acquired by North America, and the reasons are the beneficial reimbursement and regulation policies and the growing cases of cancer in this region, which boost the market growth. Europe can be predicted to the next region after
North America to lead the market due to the government support is likely to drive the market growth in this region.
Globally, the laboratory information system is utilized for better and improved diagnosis and also for reducing the diagnosis errors. The reasons which are boosting the market growth such as effective workflow, integration of laboratory information system and electronic health records, as well as cloud-based information, is the current trend in the market. However, the major factors holding back the market growth are the high prices incurred in maintaining and services and the data storage.
Globally, the laboratory information system is playing a significant role in the healthcare
laboratories for advanced information and updated solutions. This report helps clients to get a detailed analysis of the market based on various segments and vendor analysis.
The research report consists of recent developments, including product innovations, joint
ventures, partnerships, and mergers and acquisitions of the leading players.
The competitive landscape includes portfolio analysis and capacity analysis of the major
players.
The report also focuses on government regulations and their impact on the laboratory
information system market.
A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning
Key Segments Studied in the Global Laboratory Information System Market
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Changing Forecasts in a Time of Crisis: explores key issues, including:
Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis
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Key Points Covered in Laboratory Information System Market Report: COVID 19 Impact Analysis
Table of Contents
Executive Summary
Industry Outlook
Industry Overview
Industry Trends
Market Snapshot
Market Definition
Market Outlook
PEST Analysis
Porter Five Forces
Related Markets
Market characteristics
Market Evolution
Market Trends and Impact
Advantages/Disadvantages of Market
Regulatory Impact
Market Offerings
Market Segmentation
Market Dynamics
Drivers
Restraints
Opportunities
DRO – Impact Analysis
Delivery Mode: Market Size & Analysis
Overview
On-premise LIS
Cloud-based LIS
Product: Market Size & Analysis
Overview
Standalone LIS
Integrated LIS
Component: Market Size & Analysis
Overview
Services
Software
End User: Market Size & Analysis
Overview
Hospital laboratories
Independent laboratories
Physician office laboratories
Other end users
Geography: Market Size & Analysis
Overview
North America
Europe
Asia Pacific
Rest of the World
Competitive Landscape
Competitor Comparison Analysis
Market Developments
Mergers and Acquisitions, Legal, Awards, Partnerships
Product Launches and execution
Vendor Profiles
Orchard Software Corporation
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Sunquest Information Systems, Inc.
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Cerner Corporation
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Ecotest
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Computer Programs and Systems, Inc.
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Compugroup Medical Ag
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Comp Pro Med, Inc.
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Scc Soft Computer
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Epic Systems Corporation
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Comp Pro Med, Inc.
Overview
Product Offerings
Geographic Revenue
Business Units
Developments
Business Strategy
Companies to Watch
Schuyler House
Overview
Market
Business Strategy
LabWare, Inc.
Overview
Market
Business Strategy
LabHealth
Overview
Market
Business Strategy
American Soft Solutions Corp
Overview
Market
Business Strategy
LigoLab LLC
Overview
Market
Business Strategy
Allscripts Healthcare Solutions, Inc
Overview
Market
Business Strategy
Common Cents Systems, Inc
Overview
Market
Business Strategy
XIFIN, Inc
Overview
Market
Business Strategy
Cirdan Ltd
Overview
Market
Business Strategy
Clinical Software Solutions Ltd
Overview
Market
Business Strategy
Analyst Opinion
Annexure
Report Scope
Market Definitions
Research Methodology
Data Collation and In-house Estimation
Market Triangulation
Forecasting
Report Assumptions
Declarations
Stakeholders
Abbreviations
Continued….
……..and view more in complete table of Contents
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