The global laboratory information system market is expected to grow at a CAGR of 5.7% during the forecast period (2021-2027). LIS is a digitalized software that records, manages, and stores data for clinical laboratories. LIS is designed to store accurate data of patient health reports which are used in the diagnosis of any disease. It also enhances the laboratory clinical workflow efficiency by reducing the errors that occur during the diagnosis process. Factors motivating the growth of the market include an increase in demand of people for better qualities of healthcare services and the growing adoption of cloud-based LIS across various segments of the healthcare sector. Further, the rising demand for laboratory automation, increasing use of LIS in hospitals and clinics, and advancement in R&D in biotechnological laboratories are the factors that contribute to the growth of this market.
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Moreover, high initial cost, complex technological guidelines of LIS software, and lack of skilled IT professionals in the healthcare sector are major restraining factors that affect the growth of the market. However, people are more intended for point of care services and cloud-based LIS services that enable in providing patient information in a detailed manner from anywhere at any point in time. Currently, the roles and applications of LIS in the healthcare system include clinical care functions and research for an in-depth understanding of reports for better diagnosis. Besides, the increasing healthcare spending by government and people in merging nations to improve nations health are the major opportunities to the market.
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Global LIS Market Segmentation
By Product
- Standalone LIS
- Integrated LIS
By Deployment
- On-Premise
- Cloud-Based
By Components
- Software& Services
- Hardware
By End-User
- Physician Laboratories
- Hospital Laboratories
- Research Laboratories
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
