Healthcare Publications Laboratory Information Systems Market

Market Research Future published a Cooked research report on “Global Laboratory
Information Systems Market Research Report - Forecast to 2027” – Market Analysis,
Scope, Stake, Progress, Trends and Forecast to 2027.
Laboratory information system (LIS) is a comprehensive information system developed and
configured to process, store and manage information pertaining to industrial and medical-
related laboratories which include clinical and analytical laboratories. LIS plays an important
role in streamlining the process and generating high quality data to support effective clinical
decisions. The LIS provides information that helps hospitals in the diagnosis, prevention,
management and treatment of diseases, and acts an indicator for public health. The LIS has
now emerged as a necessity for both small and large diagnostic and drug companies’
laboratories. The ability of both clinical and analytical laboratories to better manage data
and incorporate collaborative technological tools into their day-to-day operations has
become critical to remain competitive.
LIS, used in both large and small scale companies, provide a platform to automatically
obtain, store and archive information, track samples, and generate reports efficiently. The
LIS products vary widely in terms of cost, sophistication, and industrial focus. As industrial
and medical laboratories are diverse with different requirements, hence, there is no
standard information system designed for laboratories. Therefore, a LIS is customized,
developed, and configured according to the requirements of a laboratory.
There are various different applications of LIS including drug delivery and clinical
diagnostics. LIS in clinical diagnostics includes anatomic pathology systems; microbiology,
genetic and molecular diagnostics support systems; blood bank systems; and billing or
accounts receivable or revenue cycle management (RCM) systems.
Major components of LIS are hardware, software and services. Hardware mainly includes
servers as well as data input, output and storage devices. Software includes the interface of
integrated LIS which helps managing and analysing data in an efficient manner. Whereas,
the key delivery modes used for LIS, include web based, on premise, mobile solutions and
cloud based technology.
The global LIS market is expected to grow at a CAGR of 7.3% between 2016 and 2027,
driven by growth from both developed and emerging markets.
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Industry updates:
Nov, 2014 Thermo Fisher launched a new ultracentrifuge which combines speed with safety
and ergonomics, allowing researchers to easily protect samples while achieving reliable and
consistent results.
Sept, 2014 Cerner announced a strategic agreement with Intermountain Healthcare to
provide clinical governance of solutions and workflow to be proposed for the Department of
Defense’s Healthcare Management System Modernization (DHMSM) initiative.
Aug, 2014 Cerner Corporation and Siemens AG signed a definitive agreement for Cerner to
acquire the assets of Siemens’ health information technology business unit, Siemens Health
Services, for $1.3 billion in cash. As part of the agreement, Cerner and Siemens will form a
strategic alliance to bring new solutions to market that combine Cerner’s health IT
leadership and Siemens’ strengths in medical devices and imaging services.
March, 2014 LabVantage launched a new product known as LabVantage 7 Express for
quality controlled smaller labs.
Global Laboratory Information Systems Market – Regional:
Cerner Corporation, Eclipsys Corporation, LabVantage Solutions Inc, LabWare Inc.,
McKesson Corporation, Medical Information Technology Inc., Merge Healthcare Inc.,
STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc. are some of
the prominent players at the forefront of competition in the global laboratory information
systems market and are profiled in MRFR Analysis.
Geographically, the regional market is segmented into America, Europe, Asia Pacific, and
the Middle East & Africa.