Market Research Report
The European laboratory information system market is projected to grow at a CAGR between 10% to 11% from 2019 to 2024. The market is majorly driven by increasing importance to quality medical care and diagnosis along with improved laboratory efficiency and integrated healthcare information. Moreover, increasing government support and hospitals prioritizing for laboratory information systems to keep the data updated and preserved, increasing per capita expenditure on healthcare and rising occurrence of diseases is triggering the market for laboratory information systems in Europe.
The laboratory information systems market is studied based on its products, types, components, delivery mode, end users, and by country. The major products considered in the study are standalone LIS and integrated LIS. According to the types, the market is divided into clinical pathology LIS and anatomic pathology LIS with clinical pathology LIS dominating the market.
Laboratory information system (LIS) has two major components namely services and software. The main delivery modes of LIS are on-premise, remotely hosted, and cloud-based. The end users considered in the study are clinical diagnostic laboratories, anatomic pathology laboratories, molecular diagnostic laboratories, hospitals, blood banks among others. The hospitals dominate the market due to high usage of LIS for data management and retention.
The European laboratory system market is studied for Germany, France, U.K., Italy, Spain and rest of European countries such as Sweden, the Netherlands, Poland, Switzerland, and Belgium. Systematic data management, increasing number of patients, and higher efficiency of the LIS is attracting customers for and this triggering the industry players in the healthcare IT and laboratory sector to invest more on laboratory information systems to develop more user friendly systems. The leading players in this industry include Cerner Corporation, Compugroup Medical AG, Computer Programs and Systems, Inc. (CPSI), EPIC Systems Corporation, Mckesson Corporation, Meditech (Medical Information Technology, Inc.), Merge Healthcare, Inc., Orchard Software Corporation, SCC Soft Computer, Sunquest Information Systems, Inc., among others. These companies have established their position in the market by offering competent products.
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Axiom MRC’s Qual-Quant data modeling tool is an in-house developed tool, which is based on the fundamentals such as Top Down and Bottom Up approaches. The data model compares all peer markets of healthcare information system markets such as, LIS, RCM etc. to estimate and validate the qualitative and quantitative findings across various countries. It also allows to analyze the market value chain in comparison with main market i.e. global healthcare IT market to arrive at holistic and factual findings of the markets. The outcome of the data collection and secondary research is further validated with in-depth primary interviews conducted with key industry participants of healthcare IT market. All our secondary findings are verified and validated by the industry experts and subject matter experts which typically include :- CEOs/CMOs of the key healthcare IT companies Key Opinion Leaders such as Research Experts, Consultants, Knowledge Professionals and others Managers and top executives of key players
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