Key Players in the European Laboratory Information System (LIS) Market are Merge Healthcare, Emdeon, Athenahealth, Practice Fusion, Inc., LAbVintage Solutions, Inc., Siemens AG
(PRWEB) November 13, 2014
The European Laboratory Information System (LIS) Market report defines and segments the concerned market in Europe with analysis and forecast of revenue. This market is expected to reach a value of $329.0 million in 2018 and is estimated to grow at a CAGR of 6.2% from 2013 to 2018.
Browse through the TOC of the European Laboratory Information System (LIS) Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, which is supported by various tables and figures.
Laboratory information systems are used for data management and analysis in laboratories. These systems help in capturing, organizing, storing, and retrieving laboratory data. LIS are important for healthcare professionals and related industries as they drastically improve the analysis of patient-related data. Easy and quick availability of this data also helps in minimizing/eliminating the future occurrence of the same disease as well as finding an effective course of treatment for a particular condition.
Laboratory information systems are highly customization according to specific requirements of a laboratory. From basic operations of managing patient data and information integration to advanced functions such as audit management, customer relationship management, inventory management, and several associated functions, LIS aids efficient management of laboratory operations.
The main driving factors of the European LIS market include increase in demand for advanced integrated healthcare systems, increase in investments by key market players for product development, and government and institutional initiatives to provide better healthcare management infrastructure. Another driving factor of this market is the increasing awareness among patients to avail better, more facilities.
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The European LIS market is segmented on the basis of its types, applications, deployment, components, and end users. By type, the market is segmented into integrated and standalone. The application is further segmented into clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. By deployment, the market is categorized into on-premise, web-based, and cloud-based, while the market by component comprises hardware, software, and services. On the basis of geography, the report analyzes major countries such as the U.K., Germany, France, Spain, and Italy.
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This report also includes market shares, value chain analyses, and market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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North America Laboratory Information System Market
North America is the largest market in the laboratory information system market segment, and it is projected to grow at a CAGR of 7.1% from 2012 to 2018. In North America, there is a rapid incidence of life-threatening diseases that requires accurate diagnostic tools for timely detection and prevention. With these laboratory information systems in place, it becomes easier for the healthcare provider to refer to such authentic medical information, and keep a track of the patient’s health condition. Owing to the advantages it offers, the laboratory information systems market is progressing rapidly. In addition to this, rising investments made in the form of government initiatives and public funding, along with the need to integrate highly innovative healthcare solutions, have become major market drivers increasing the growth of this market. Countries in the North American region, such as the U.S., have the most advanced healthcare infrastructure and technological growth observed in the field of medicine. This has thereby resulted in becoming a major market impetus augmenting the overall demand of laboratory information system market in North America.
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