Laboratory Information Systems

Laboratory Information System (LIS) is well known for its usage as a healthcare information technology tool that captures and manages patient data gathered and obtained during medical processes and tests. The stored information is saved in LIS database for future reference. LIS have features such as patient check-in, patient demographics, order entry, specimen processing and result in the entry.

The Global Laboratory Information System market has been segmented by the end user into hospitals, clinics, and independent laboratories. By component, the market has been segmented into software, hardware, and services, while by delivery mode, it is segmented into on-premises and cloud based.

The Global laboratory information systems market revenue is expected to increase at a CAGR of 11.0% during the forecast period (2017-2022).

The rise of the Global laboratory information systems market is mainly driven by healthy economic growth witnessed in most countries. The uprising of per capita healthcare expenditure across both developed and emerging economies, which in turn is expected to lead to a rise in quality of patient care apart from other important factors such as increasing healthcare IT companies investments for development of advanced healthcare IT solutions.

This is related to increasing number of hospitals and private laboratories. However, lack of trained professionals to perform the procedures within the healthcare domain for day to day operations and storage of data are the factors expected to restrain the growth of the market over the forecast period.

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International regulatory harmonization and formation of the structured risk-based regulatory framework for healthcare IT initiatives are expected to facilitate secure exchange of data between clinicians and systems and thus, protect the overall patient safety and secrecy of medical records.

The Global laboratory information systems market has been segmented into seven major regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, Japan, and Middle East & Africa. Regarding value, North America has been estimated to dominate the market, accounting for 56% share of the overall laboratory information systems market in 2016. The North America market is followed by Western Europe, which is estimated to account for 17% revenue share of the global market in 2017. Asia Pacific excluding Japan, Eastern parts of Europe, and Japan are expected to be the fastest growing markets in all the emerging regions. Currently, growing trend of designing, development, and implementation of LIS system with the help of various physicians is a factor expected to drive revenue growth of the North American LIS market over the forecast period.

Some of the key competitors involved in the Global laboratory information systems market are CompuGroup Medical, Cerner Corp, McKesson, Evident, Medical Information Technology, LabWare, Sunquest Information Systems Inc., SCC Soft Computer, Epic Systems Corporation.

LIMS automates a portion of the laboratory system and plays a great role in integrating laboratory operations like sub-processes, consolidating the results of tests, and thus accelerating up the whole process of laboratory services. LIMS can save a significant amount of time and improve the quality of data access for all stakeholders involved in any given project.  Laboratory information management systems (LIMS) software manages and tracks samples during testing and automates the laboratory processes.

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LabWare LIMS has been the industry’s most technically advanced Laboratory Information Management System since its introduction to the market, and it continues to hold that position today. Your business will benefit from capabilities such as browser-based deployment, external-facing web portals, and fully configurable web services while at the same time having the richest catalog of modular laboratory management software functionality from which to draw when deciding how to implement your LIMS system.

An essential attribute of any technically advanced laboratory information management system is an avoidance of platform or brand dependencies. This affords you the benefit of choice and technology fit on hardware, operating systems, and databases. LabWare LIMS is unequaled in this regard. The software is viable with any relational database including such popular ones as Oracle and SQL Server, and it can be deployed in a range of topologies and with different user interfaces. Centralized, decentralized or regionalized installations are all fully supported.

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