Laboratory Information System Market is Expected to Reach USD 2.1 Billion Globally in 2019: Transparency Market Research

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Jun 09, 2014, 09:30 ET

DALLAS, June 9, 2014 /PRNewswire/ --

According to a new market report published by Transparency Market Research "Laboratory Information System Market (Application Based- Clinical Diagnostics LIS and Drug Delivery LIS; Delivery Based- Web Based Technology, On-premise Technology and Cloud Based Technology; Component Based- Hardware, Software and Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", the global Laboratory Information System market was valued at USD 1,381.4 billion in 2013 and is expected to grow at a CAGR of 7.7% from 2013 to 2019, to reach an estimated value of USD 2,158.0 billion in 2019.

Browse the full Laboratory Information System Market Report at http://www.transparencymarketresearch.com/laboratory-information-systems.html

Globally, improvement in healthcare services is playing a major role in increasing the demand for laboratory information system. As a result, this market is expected to grow at a CAGR of about 7.7% during 2013 - 2019.

Some of the key driving factors for the laboratory information system market are increasing need for integrated healthcare information systems, rising government initiatives and rising investments by healthcare IT players. However, the market faces some restraints such as lack of experienced professionals, high maintenance and service expenses and interoperability issues. The laboratory information system market is also witnessing the use of mobile phones. Also, companies are focusing on new product launches.

North America has the largest laboratory information system market and Europe is the fastest growing laboratory information system market.  Some of the fastest growing markets for laboratory information system market are Japan, Germany, U.S. and U.K.. Emerging markets, which hold huge potential and increasing demand for powerful IT systems in diagnostic and medical laboratories are some of the major opportunities for the laboratory information systems market.

Clinical diagnostics laboratory information system has the largest market share on the basis of its applications and is expected to grow at a CAGR of about 8.9% during 2013 - 2019. On the basis of its mode of delivery, the market can be classified into web based technology, on-premise technology and cloud based technology market for laboratory information systems.

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McKesson Corporation is the leading player in the laboratory information systems market. Other major players of laboratory information systems market include Merge Healthcare Incorporated, Cerner Corporation and others.

The global laboratory information system market is segmented as follows:

Laboratory Information System Market, by application mode 

  • Clinical Diagnostics LIS
  • Drug Delivery LIS

Laboratory Information System Market, by delivery mode 

  • Web based technology
  • On-premise technology
  • Cloud based technology

Laboratory Information System Market, by components 

  • Software
  • Hardware
  • Services

Browse the full Laboratory Information System Market Report at http://www.transparencymarketresearch.com/laboratory-information-systems.html

Laboratory Information System Market, by geography 

  • North America
    • US
    • ROW
  • Asia
    • Japan
    • China
  • Europe
    • UK
    • Germany
    • France
  • Rest of the World (RoW)

Browse Healthcare IT Market Research Reports @ http://www.transparencymarketresearch.com/healthcareit-market-reports-19.html

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR's experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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