Global Laboratory information system (LIS) Market to Post 7.3% CAGR to 2020, Projects MRFR in Its In-demand Report Published at MarketPublishers.com10 Jan 2017 • by Natalie Aster
LONDON – Laboratory information system (LIS) plays an essential role in streamlining processes and producing high-quality data to support efficient medical decisions. The LIS has now turned out to be the need for the labs of diagnostic and pharmaceutical companies. Enhanced data management and incorporation of collaborative technical aids in their daily operations, have emerged to be necessary for both medical and analytical laboratories. Drug delivery and bedside diagnostics are amid the versatile applications of LIS.
Globally, the LIS sector is poised to gain momentum in the years to come, recording a 7.3% CAGR to 2020. Clinical application will likely be one of the drivers of the worldwide LIS market.
North America and Europe together captured over 75% of the total market size as of 2014. North America’s LIS market is projected to reach close to USD 1.212 billion by 2020. The European market is anticipated to be worth 498.4 million by 2020. APAC, led by China and India, keeps on recording the fastest growth in the offing.
McKesson Corporation, LabVantage Solutions Inc, Eclipsys Corporation, Cerner Corporation, Merge Healthcare Inc, Meditech, LabWare Inc, and Thermo Fisher Scientific Inc., amongst others, are the dominant players in the marketplace.
Insightful research report “Global Laboratory Information Systems (LIS) Market” created by MRFR is designed to draw up a detailed, unbiased picture of the market on a global level.
The study gives deep insights into the factors impacting the market development, presents revenue figures (historical and forecast) for the market segments and sub-segments pertaining to the regional and country markets. It also presents historical and forecast revenues for the market segments based on products, and sub-segment for the worldwide LIS market. The report profiles the top market players, accurately analysing their market share, primary fields of expertise, and casting light on the overall competitive scenario of the market.
More reports by the publisher are available in the MRFR catalogue.