Los Angeles, December 3, 2019 –QY Research has announced the release of a new report on the global laboratory information system market. Bearing the title “Global Laboratory Information System Market Size, Status and Forecast 2019-2025,” the report comes out as a powerful resource to gain competitive advantage in the global laboratory information system market. According to the report, the global laboratory information system market is anticipated to grow at a moderate CAGR of 5.1% during the forecast period 2019-2025. The global market revenue is projected to increase to more than US$900 Mn by the end of 2025. In 2018, the global laboratory information system market earned over US$600 Mn in revenue
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Strong Demand for Enhanced Laboratory Efficiency Anticipated to Benefit Market
The global laboratory information system market is likely to achieve growth on the back of the increased demand for higher laboratory efficiency and laboratory automation. Besides high requirement for advanced diagnostic and laboratory services, increased demand for client connectivity and other customizable non-clinical functionalities is predicted to create opportunities in the global laboratory information system market. However, lack of skilled professionals and expensive service and maintenance costs could act as growth restraints for the global laboratory information system market. Nevertheless, high demand for personalized medicine is anticipated to support the global market growth.
Need to Reduce Patient Waiting Times Expected to Improve Demand in Hospitals
The report provides an in-depth research study on different type segments of the global laboratory information system market, including cloud-based and on-premise. It also throws light on important application segments such as independent laboratories, clinics, hospitals, and others. Use of laboratory information system could increase in hospitals due to the need for high-quality diagnostics and shorter patient waiting times. Advantages such as online availability of digital slide images of specimens and remote communication with healthcare experts are also anticipated to increase the adoption of laboratory information system in hospitals.
North America Predicted to Show Growth with Strong Demand for Advanced Diagnostics
According to market analysts, North America is predicted to gain growth in the global laboratory information system market as the demand increases in the US. High use of latest diagnostic technologies and modern treatment methods in the US could significantly benefit the North America laboratory information system market. Increase in the incidence of chronic diseases could be another factor creating robust demand for advanced healthcare technologies such as laboratory information system in the region.
Players Likely to Increase Sales Growth through Increased Focus on Innovation
The report includes deep company profiling of key players of the global laboratory information system market, such as CompuGroup Medical, GeniPulse Technologies, McKesson Corporation, Psyche Systems, Sunquest Information Systems, Dedalus, Siemens Healthineers, Epic Systems, Agfa HealthCare, Neusoft, SCC Soft Computer, Orchard Software, Sysmex Corporation, and A&T Corporation. Companies operating in the global laboratory information system market are expected to introduce innovative solutions to attract new customers and improve their sales growth.
QY Research established in 2007, focus on custom research, management consulting, IPO consulting, industry chain research, data base and seminar services. The company owned a large basic data base (such as National Bureau of statistics database, Customs import and export database, Industry Association Database etc), expert’s resources (included energy automotive chemical medical ICT consumer goods etc.
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