Kalorama: Laboratory Information Systems Market Grows to $1 Billion
NEW YORK, Feb. 19, 2016 /PRNewswire/ -- The global market for laboratory information systems reached $1 billion in 2015, according to Kalorama Information. Part of the reason, the healthcare market research publisher says, is the expected rebound of independent labs. After seeing business contract by nearly 5% over the past five years, independent labs are projected by Kalorama Information to realize new growth from expected patient increases from previously uninsured patients. Kalorama's report, World Market for Laboratory Information Systems focuses on the market for LIS in clinical diagnostic health care labs and LIMS in pharmaceutical drug discovery laboratories, although other drug research and development labs are included.
Laboratory information systems (LIS), also known as laboratory information management systems (LIMS), are data and information management systems designed for industrial and health care -related laboratories, including clinical and analytical laboratories. These include research and development labs, in-process testing labs and quality assurance labs. One of the main motivators for harnessing automation in laboratories to make them more productive involves minimizing non-value-added steps, including such processes as sorting tubes, decapping, centrifugation, loading analyzers, and prepping and sorting materials for storage. Non-value-added steps usually can be addressed by automated systems. Many LIS offer what laboratories need: modular-based systems with customizable functionality, scalability and a high level of adaptable connectivity for access to EMRs.
"Researchers anticipate much from their LIMS, including an ability to connect virtually all lab instrumentation, perform automated data collection and track workflow," said Bruce Carlson, Publisher of Kalorama Information. "The installation of a LIS or LIMS has the potential to increase a laboratory's productivity in the range of 40% to 50% over time."
Kalorama thinks there is a need for LIMS in drug discovery and early-stage development to provide global access and enterprise visibility for cross-functional groups to leverage work already done and increase operating efficiency. Seamless enterprise-wide integration is a necessity because it makes key knowledge originating in the laboratory available to management in real time. Integrating instrumentation and laboratories at different locations facilitates better data correlation and collaboration, end-to-end report generation and more-secure data exchanges. Many believe that the LIMS will become a central system for integrating all the data from various systems in the laboratory as the system is often the work horse of the lab involving data management. LIS and LIMs are becoming components of bigger integration efforts.
World Market for Laboratory Information Systems provides full market coverage, including: key facts about clinical diagnostic laboratories; growth in clinical laboratories, 1997-2014 and estimated 2015; world market for clinical lab information systems, 2015-2020; world market for drug discovery lab information management systems, 2015-2020; world market for lab information management systems in NGS, 2015-2020; major pharmaceutical companies, number of potential lab sites for LIMS, 2015 (U.S., Europe, Asia, South America, India); laboratory information systems, selected vendors, total number of sites operating LIS/number outside U.S., 2014; CLIA registered laboratories by type of facility, July 2015; leading U.S. independent laboratory groups, 2015; growth in U.S. independent laboratory facilities, 2015; growth in U.S. hospital laboratory locations, 2015; selected LIMS NGS vendors; recent key vendor mergers and acquisitions; and selected pure play and integrated LIS and LIMS vendors.
This report generally forecasts future growth to 2020. Market segments covered include the world, North American, European, Brazilian, Chinese, and Japanese markets, as well as segments for LIS and LIMS software, hardware, and implementation services.
World Market for Laboratory Information Systems can be found at Kalorama Information: http://www.kaloramainformation.com/redirect.asp?progid=88373&productid=9762455.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
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SOURCE Kalorama Information