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Global Laboratory Information System Market: Industry Size, Share, Trends, Forecasts
laboratory information system is a complex information system designed for data and information management related to industrial and medical-related laboratories including clinical and analytical laboratories. Laboratory information system allows users to obtain, store, manage, retrieve and record laboratory data. Laboratory information system provides information that helps in the diagnosis, prevention, management and treatment of disease, as well as being an indicator for individual and population health. There is no standard laboratory information system designed due to the fact that client laboratories are highly diverse and have different requirements. Therefore, a laboratory information system is developed, customized and configured according to the needs of a laboratory. Globally, improvement in healthcare services is playing a major role in increasing the demand of laboratory information system. As a result, this market is expected to grow at a CAGR of about 7.7% during 2013 – 2019.
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Some of the key driving factors for the laboratory information system market are increasing need for integrated healthcare information systems, rising government initiatives and rising investments by healthcare IT players. Also, improvement in healthcare services in different parts of the world is increasing the global laboratory information systems market. However, the market faces some restraints such as lack of experienced professionals, high maintenance and service expenses and interoperability issues. Increasing use of mobile phones and companies focusing on new product launches are some of the major trends witnessed in the laboratory information systems market.
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North America has the largest laboratory information system market. Rising cases of fatal diseases and their diagnostic and treatment needs are some of the major factors driving the demand for laboratory information systems in the region. Also, its public funded structure is acting as a significant driver for the North American market for laboratory information systems. In addition to increasing disease incidences, government initiatives to promote the use of laboratory information systems have resulted in Europe becoming the fastest growing laboratory information system market. At the country level, some of the fastest growing markets for laboratory information system market include Japan, Germany, U.S. and U.K.. Emerging markets which hold huge potential and increasing demand for powerful IT systems in diagnostic and medical laboratories are some of the major opportunities for the laboratory information systems market.
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Clinical diagnostics laboratory information system has the largest market share on the basis of its applications and is expected to grow at a CAGR of about 8.9% during 2013 – 2019. On the basis of its mode of delivery, the market can be classified into web based technology, on-premise technology and cloud based technology market for laboratory information systems.
McKesson Corporation is the leading player in the laboratory information systems market. Other major players of laboratory information systems market include Merge Healthcare Incorporated, Cerner Corporation and others.
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In the segment of geographic analysis, the report identifies and analyses market sizes and forecast of North America, Europe, Asia Pacific and Rest of the World (RoW). North America region covers the scenario of the U.S.. Europe region covers the scenario of France, Germany and the U.K.. Asia Pacific region highlights the scenario of China and Japan.
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