The North America laboratory information systems (LIS) market offers several positive aspects for healthcare organizations. LIS solutions improve laboratory efficiency, streamlining workflows and reducing manual tasks. They enable seamless integration with electronic health records (EHRs) and other healthcare systems, enhancing care coordination and data-driven decision-making. LIS solutions ensure regulatory compliance and adherence to quality standards, fostering accurate documentation and high-quality testing. With advanced technology integration, LIS systems support laboratory automation, increasing productivity and result accuracy. LIS solutions empower laboratories to deliver efficient, precise, and patient-centric care.
According to Data Bridge Market Research, North America Laboratory Information Systems (LIS) Market is expected to reach the value of USD 1166.38 million in 2021 and is expected to reach USD 2358.42 million by 2029, registering a CAGR of 9.20% during the forecast period of 2022-2029
"Increasing demand for integrated healthcare solutions surge market demand"
The need for seamless coordination and interoperability across various healthcare systems drives the increasing demand for integrated healthcare solutions. Integrated healthcare solutions, including laboratory information systems (LIS), enable the efficient sharing of patient data, test results, and medical records across different departments and facilities. This integration improves care coordination, enhances patient safety, reduces redundant tests, and facilitates better data-driven decision-making. Integrated healthcare solutions streamline workflows, improve efficiency, and ultimately lead to improved patient outcomes and healthcare delivery.
What restraints the growth of the North America laboratory information systems (LIS) market?
“Integration challenges with existing systems can impede the market growth”
Integrating laboratory information systems (LIS) with existing equipment, information systems, and electronic health records (EHRs) can present challenges. Compatibility issues between different systems, varying data formats, and technical complexities can arise during integration. Data migration from legacy systems to the new LIS solution requires careful planning and execution.
Segmentation: North America Laboratory Information Systems (LIS) Market
The North America laboratory information systems (LIS) market is segmented on the basis of product, type, components, delivery mode, and end-user.
- On the basis of product, the North America laboratory information systems (LIS) market is segmented into standalone, and integrated.
- On the basis of type, the North America laboratory information systems (LIS) market is segmented into clinical, anatomical.
- On the basis of components, the North America laboratory information systems (LIS) market is segmented into services, software.
- On the basis of delivery mode, the North America laboratory information systems (LIS) market is segmented into cloud-based, on premises.
- On the basis of end use, the North America laboratory information systems (LIS) market is segmented into hospitals, clinics, anatomical pathology laboratories, blood banks, molecular diagnostic laboratories, and others.
Regional Insights: U.S. dominates the North America laboratory information systems (LIS) market
The United States is expected to dominate the North America laboratory information systems (LIS) market due to several factors. The region's significant investment in the healthcare sector and technological advancements drive the adoption of LIS solutions. The rising prevalence of chronic diseases increases the demand for efficient laboratory information systems for diagnosis and treatment. Moreover, hospitals' growing need to monitor patient information effectively and improve workflow efficiency further supports the expansion of the LIS market in the United States and contributes to its dominance in the region.
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Recent Developments in North America Laboratory Information Systems (LIS) Market
- In 2022, The BICO Company Biosero, Inc. has added a number of new products and features to its Green Button Go software suite. This company develops laboratory automation systems to speed up scientific discoveries. Customers can take advantage of a wide range of cutting-edge capabilities to organize, control, and enhance the output of their automated lab equipment when these solutions are combined.
- In 2020, CompuGroup Medical acquired Schuyler House and its well-known laboratory information system, SchuyLab. The LIS has been one of the most consistently successful systems in the markets for physician office labs and reference labs. CompuGroup can improve its position in the US market by making the acquisition.
The Prominent Key Players Operating in the North America Laboratory Information Systems (LIS) Market Include:
- Orchard Software Corporation (U.S.)
- CliniSys (U.S.)
- Cerner Corporation (U.S.)
- Siemens (Germany)
- CompuGroup Medical (Germany)
- CPSI (U.S.)
- Meditech (U.S.)
- Thermo Fisher Scientific (U.S.)
- Abbott (U.S.)
- Illumina, Inc. (U.S.)
- SCC Soft Computer (U.S.)
- Epic Systems Corporation (U.S.)
- Comp Pro Med (U.S.)
- American Soft Solutions Corp. (U.S.)
- Eusoft Ltd. (Italy)
- Allscripts Healthcare Solutions, Inc. (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of North America laboratory information systems (LIS) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Laboratory Information Systems (LIS) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
