The North
American laboratory information system market is projected to grow at a CAGR of
9.2% from 2017 to 2022. Laboratory information system is a software or services
based system designed for data management of medical laboratory test results
and related information. The market for laboratory information system is
expected to grow rapidly due to increasing demand for quality diagnosis with
minimum errors and need for improving the efficiency of the laboratories.
Growing occurrence of chronic diseases and rising ageing population is
demanding advanced healthcare system in North American region.
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The North
American laboratory information systems market is segmented on the basis of its
products, types, components, delivery mode, and end users. The market is
studied for the U.S., Canada, and Mexico. The most important products of laboratory
information systems (LIS) are standalone LIS, and integrated LIS. The
standalone LIS products dominate the LIS market while integrated LIS is
projected to be the fastest growing market due to rising demand for the same
mainly due to its reduced installation cost and maintenance.
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Laboratory
information systems are majorly used in clinical diagnostic laboratories,
anatomic pathology laboratories, molecular diagnostic laboratories, hospitals,
blood banks among others. The use of these systems is highest in hospitals due
to high need for data management, affordability and in-house laboratories
developed in the hospitals.
The leading
players 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 players are expanding their presence in the market by
innovating new and unique types of products and services for a wide variety of
applications.
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