Laboratory Information Systems Market Business Perspective, Opportunities 2021-2028 | Cerner Corp., Sunquest Information Systems, Inc., Evident
Laboratory Information Systems Market Business Perspective, Opportunities 2021-2028 | Cerner Corp., Sunquest Information Systems, Inc., Evident
Published by Coherent Market Insights
Posted on September 24, 2021
A laboratory information systems are used for management and data storage of medical records for clinical laboratories. These systems are used by physicians and laboratory technicians for managing patient medical records such as inpatient and outpatient medical test such as immunological, hematological, and others for future reference. Increasing demand for personalized medicine in treatment of various diseases is expected to propel growth of the global laboratory information systems market.
According to the report the “Global Laboratory Information Management Systems (LIMS) Market Size, Analysis, and Top Vendors 2028 – Cerner Corp., Sunquest Information Systems, Inc., Evident, McKesson,and others”
Increasing prevalence of chronic diseases is expected to propel growth of the global laboratory information systems market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.
Moreover, increasing demand for laboratory automation and development of integrated LIS is also expected to boost growth of the market. For instance, in December 2019, Dorado Health System, a 4-hospital academic system, licensed Health Gorilla to integrate with Dorado’s IT systems, including electronic medical record systems and laboratory information systems, to aggregate clinical documents for every patient managed by the system.
North America region held dominant position in the global laboratory information systems market in 2018, accounting for 57.5% share in terms of volume, followed by Europe.
Major Players in Laboratory Information Management Systems (LIMS) Market
Cerner Corp., Sunquest Information Systems, Inc., Evident, McKesson, Orchard Software, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., CompuGroup Medical, and LabWare.
Laboratory Information Management Systems (LIMS) Geographic Market Analysis:
The report provides information about the market area, which is further subdivided into sub-regions and countries. In addition to market share in each country and subregion, this chapter of this report also provides information on profit opportunities. This chapter of the report mentions the share and market growth rate of each region, country, and sub-region in the estimated time period.
Emergence of medical tourism in various countries in Asia Pacific, especially Vietnam, Thailand, Malaysia, Indonesia, India, and Philippines is expected to create lucrative growth opportunities for players in the global laboratory information systems market. For instance, according to India Brand Equity Foundation’s January 2019 release, the estimated Foreign Tourist Arrivals (FTAs) in India on medical purpose during the years 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.
Moreover, increasing incidences of various diseases in Asia Pacific has led to high demand for diagnostic tests in the region. For instance, according to WHO Globocan 2018, China recorded 4,285,033 new cases of cancer in 2018. The market is also relatively untapped. Key players in the market can focus on expanding their presence in such regions to enhance their market share.
2.1.1.2. Market Attractiveness Analysis, By End Use
2.1.1.3. Market Attractiveness Analysis, By Region
2.2. Market Snapshot
2.3. Global Laboratory Information Management Systems (LIMS) Market, 2016 – 2021 (USD Million)
2.4. Insights from Primary Respondents
Chapter No. 3 COVID 19 Impact Analysis
3.1. Impact Assessment of COVID-19 Pandemic, By Region
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. The Middle-East and Africa
Key Questions Answered in This Report on Laboratory Information Management Systems (LIMS) Market
• How much revenue will the global Laboratory Information Management Systems (LIMS) Market generate by the end of the forecast period?
• What regions currently contribute the maximum share to the overall Laboratory Information Management Systems (LIMS) Market?
• What are the indicators expected to drive the global Laboratory Information Management Systems (LIMS) Market?
• Which region is likely to be a lucrative market during the forecast period?
• What are the essential strategies incorporated by key stakeholders in the global Laboratory Information Management Systems (LIMS) Market to expand their geographical presence?
• What are the major advancements witnessed in the global Laboratory Information Management Systems (LIMS) Market?
• This report answers these questions and more about the global Laboratory Information Management Systems (LIMS) Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.
A laboratory information systems are used for management and data storage of medical records for clinical laboratories. These systems are used by physicians and laboratory technicians for managing patient medical records such as inpatient and outpatient medical test such as immunological, hematological, and others for future reference. Increasing demand for personalized medicine in treatment of various diseases is expected to propel growth of the global laboratory information systems market.
According to the report the “Global Laboratory Information Management Systems (LIMS) Market Size, Analysis, and Top Vendors 2028 – Cerner Corp., Sunquest Information Systems, Inc., Evident, McKesson,and others”
Increasing prevalence of chronic diseases is expected to propel growth of the global laboratory information systems market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018.
Moreover, increasing demand for laboratory automation and development of integrated LIS is also expected to boost growth of the market. For instance, in December 2019, Dorado Health System, a 4-hospital academic system, licensed Health Gorilla to integrate with Dorado’s IT systems, including electronic medical record systems and laboratory information systems, to aggregate clinical documents for every patient managed by the system.
North America region held dominant position in the global laboratory information systems market in 2018, accounting for 57.5% share in terms of volume, followed by Europe.
Major Players in Laboratory Information Management Systems (LIMS) Market
Cerner Corp., Sunquest Information Systems, Inc., Evident, McKesson, Orchard Software, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., CompuGroup Medical, and LabWare.
Laboratory Information Management Systems (LIMS) Geographic Market Analysis:
The report provides information about the market area, which is further subdivided into sub-regions and countries. In addition to market share in each country and subregion, this chapter of this report also provides information on profit opportunities. This chapter of the report mentions the share and market growth rate of each region, country, and sub-region in the estimated time period.
Emergence of medical tourism in various countries in Asia Pacific, especially Vietnam, Thailand, Malaysia, Indonesia, India, and Philippines is expected to create lucrative growth opportunities for players in the global laboratory information systems market. For instance, according to India Brand Equity Foundation’s January 2019 release, the estimated Foreign Tourist Arrivals (FTAs) in India on medical purpose during the years 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.
Moreover, increasing incidences of various diseases in Asia Pacific has led to high demand for diagnostic tests in the region. For instance, according to WHO Globocan 2018, China recorded 4,285,033 new cases of cancer in 2018. The market is also relatively untapped. Key players in the market can focus on expanding their presence in such regions to enhance their market share.
2.1.1.2. Market Attractiveness Analysis, By End Use
2.1.1.3. Market Attractiveness Analysis, By Region
2.2. Market Snapshot
2.3. Global Laboratory Information Management Systems (LIMS) Market, 2016 – 2021 (USD Million)
2.4. Insights from Primary Respondents
Chapter No. 3 COVID 19 Impact Analysis
3.1. Impact Assessment of COVID-19 Pandemic, By Region
3.1.1. North America
3.1.2. Europe
3.1.3. Asia Pacific
3.1.4. Latin America
3.1.5. The Middle-East and Africa
Key Questions Answered in This Report on Laboratory Information Management Systems (LIMS) Market
• How much revenue will the global Laboratory Information Management Systems (LIMS) Market generate by the end of the forecast period?
• What regions currently contribute the maximum share to the overall Laboratory Information Management Systems (LIMS) Market?
• What are the indicators expected to drive the global Laboratory Information Management Systems (LIMS) Market?
• Which region is likely to be a lucrative market during the forecast period?
• What are the essential strategies incorporated by key stakeholders in the global Laboratory Information Management Systems (LIMS) Market to expand their geographical presence?
• What are the major advancements witnessed in the global Laboratory Information Management Systems (LIMS) Market?
• This report answers these questions and more about the global Laboratory Information Management Systems (LIMS) Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.