According to Stratistics MRC, the Global Laboratory Information System market is expected to grow from $1.37 billion in 2016 to reach $2.65 billion by 2023 with a CAGR of 9.8%. Rising prevalence of chronic diseases, growing need for integrated healthcare information systems, increasing government initiatives and investments by healthcare IT players are some of the key factors propelling the market growth. However, high maintenance and service expenses and lack of skilled professionals are hampering the market.

On the basis of product, the Standalone LIS have data models tailored specifically to manage laboratory data and operations, useful to enhance the laboratory workflow. Geographically, North America commanded the largest market share owing to increasing occurrence of chronic disease. Some of the major factors in this region are growing number of government initiatives undertaken to increase the usage of LIMS system and the increasing percentage of the aged population across Americas.

Some of the key players in the Laboratory Information System market are Abbott Informatics, Thermo Fisher Scientific Inc., Mckesson Corporation, LabWare, Inc, CompuGroup Medical AG, Cerner Corporation, Merge Healthcare, Inc, Sunquest Information Systems, Inc, Medical Information Technology, Inc., SCC Soft Computer, Orchard Software Corporation, Epic Corporation Inc., Computer Programs and Systems, Inc. (CPSI), 3M Company, Baytek International and Agilent Technologies Inc.

Applications Covered:
• Drug Delivery LIS
• Clinical Diagnostics LIS

Components Covered:
• Software
• Services
• Hardware

Products Covered:
• Integrated LIS
• Standalone LIS

End Users Covered:
• Independent Laboratories
• Physician Office Laboratories
• Hospital Laboratories
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements