Report Description
Laboratory Information Management Systems – Process Automation to Improve Efficiency
Laboratory information management systems is a powerful IT tool for inventory management, clinical research, project management, and patient data management. Integration of various related processes in an organization, especially in the healthcare sector can result in improved patient care and increased efficiency of services. It also reduces operational costs and increases organizational agility. Laboratory Information Management Systems are helping hospitals, diagnostic laboratories, blood banks, private clinics, and other such healthcare institutions to increase their productivity and improve turnaround time of clinical trials. Increased focus on improving patient care, therapy outcomes at reduced cost are the primary factors driving the market for laboratory information management systems( LIMS) globally. The global laboratory information systems market was valued at US $ 1,209.6 million in 2015 and is expected to expand at a CAGR of 7.3 % during the forecast period( 2016 – 2024).
Figure 1. Global Laboratory Information Management Systems Market Size and Forecast, US $ Million and Y-o-Y Growth(%), 2014-2024
Source: Coherent Market Insights Analysis( 2016) Renewed focus on improving laboratory practices in order to enhance efficiency
Clinical laboratories constantly strive towards improving their laboratory practices to reduce cost and improve efficiency. Adoption of LIMS in hospital laboratories is expected to increase at a CAGR of 7.6 % during the forecast period. Deploying LIMS in clinical laboratories can help in trimming processes, and continuous improvement in patient and business outcomes.
Get FREE Sample of This Research Report At: https:// www. coherentmarketinsights. com / insight / request-sample / 58