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LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET ANALYSIS.2019 - 2027

Laboratory Information System (LIS) is a healthcare IT tool that captures, records, and manages patientu2019s data that has been gathered and captured during the medical processes and tests. The stored information is saved in LIS database for future reference. LIS offers features such as patient check in, patient demographics, order entry, specimen processing, and result entry.<br>

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LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET ANALYSIS.2019 - 2027

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  1. LABORATORY INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET ANALYSIS.2019 - 2027 Laboratory Information System (LIMS) is a healthcare IT tool that captures, records, and manages patient’s data that has been gathered and captured during the medical processes and tests. The stored information is saved in LIMS database for future reference. LIMS offers features such as patient check in, patient demographics, order entry, specimen processing, and result entry. The global laboratory information systems market is estimated to account for US$ 3,266.2 Mn in terms of value by the end of 2027. Global Laboratory Information Systems Market: Drivers Increasing prevalence of chronic diseases is expected to propel growth of the global laboratory information systems market over the forecast period. For instance, according to the World Health Organization, around 18.1 million new cases and 9.6 million deaths were registered due to cancer worldwide in 2018. Moreover, increasing demand for laboratory automation and development of integrated LIMS is also expected to boost growth of the market. For instance, in December 2019, Dora do Health System, a 4-hospital academic system, licensed Health Gorilla to integrate with Dora do's IT systems, including electronic medical record systems and laboratory information systems, to aggregate clinical documents for every patient managed by the system.

  2. Global Laboratory Information Systems Market: Restraints The cost of implementing a LIS is very high. Therefore, laboratories, especially in emerging economies, may find is difficult to migrate from manual record-keeping to LIS. Such scenario is expected to hinder growth of the global laboratory information systems market. Moreover, privacy and security concerns of LIS are also expected to hamper growth of the market. LIS data could be misused intentionally or unintentionally or could be accessed illegally or by unauthorized persons at hospitals, clinics or healthcare facilities. Get PDF Brochure Of This Research Report : • @https://www.coherentmarketinsights.com/insight/request-pdf/58 Global Laboratory Information Systems Market: Opportunities Emergence of medical tourism in various countries in Asia Pacific, especially Vietnam, Thailand, Malaysia, Indonesia, India, and Philippines is expected to create lucrative growth opportunities for players in the global laboratory information systems market. For instance, according to India Brand Equity Foundation’s January 2019 release, the estimated Foreign Tourist Arrivals (FTAs) in India on medical purpose during the years 2015, 2016, and 2017 were 2,33,918, 4,27,014, and 4,95,056 respectively.

  3. Moreover, increasing incidences of various diseases in Asia Pacific has led to high demand for diagnostic tests in the region. For instance, according to WHO Globocan 2018, China recorded 4,285,033 new cases of cancer in 2018. The market is also relatively untapped. Key players in the marLaboratory Information Systems Market, Laboratory Information Systems Share,ket can focus on expanding their presence in such regions to enhance their market share. Laboratory Information Management Systems (LIMS) | Coherent Market Insights Services segment in the global laboratory information systems market was valued at US$ 862.3 Mn in 2018 and is expected to reach US$ 2,013.7 Mn by 2027 at a CAGR of 9.6% during the forecast period. Major players operating in the global laboratory information systems market include, Cerner Corp., Sunquest Information Systems, Inc., Evident, McPherson, Orchard Software, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., Computer Medical, and Tableware. Research Methodology Coherent Market Insights follows comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include: • Primary Research (Trade Surveys and Experts Interviews) • Desk Research • Proprietor Data Analytic Model

  4. In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings. Request Sample Copy of Research Report: • @https://www.coherentmarketinsights.com/insight/request-sample/ 58 Global Laboratory Information Systems Market: Key Developments Key players in the market are focused on adopting M&A strategies to enhance their market share. For instance, in October 2019, Orchard Software, a laboratory information system vendor, was acquired by Francisco Laboratory INFORMATION MANAGEMENT SYSTEMS (LIMS) MARKET ANALYSIS.2019 - 2027 Partners, a leading technology-focused, private equity firm. Key players in the market are focused on acquiring tenders to enhance their market share. For instance, in February 2018, Sun quest Information Systems, Inc. received a 10-year tender to provision laboratory-related software solutions and services for the State of Queensland, Australia.

  5. Key features of the study: •This report provides in-depth analysis of the Laboratory Information Systems market  and provides market size (US$ million) and compound annual growth rate (CAGE %) for the forecast period (2019–2027), considering 2018 as the base year •It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market •This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategy adopted by key players •It profiles key players in the global Laboratory Information Systems market  based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans •Key companies covered as a part of this study include, Corner Corp., Sun quest Information Systems, Inc., Evident, McPherson, Orchard Software, Medical Information Technology, Epic Systems Corporation, SCC Soft Computer, Roper Technologies Inc., Computer Medical, and Lab Ware. •Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, technology up-gradation, market expansion, and marketing tactics •The global Laboratory Information Systems market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts •Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Laboratory Information Systems market Detailed Segmentation: •Laboratory Information Systems Market, By Component Type: •Software •Hardware •Services •Laboratory Information Systems Market, By Delivery Mode: •On Premise •Cloud-Based •Laboratory Information Systems Market, By End User: •Hospitals

  6. •Clinics •Independent Laboratories •Others •Inquire Here Before Purchase: ttps://www.coherentm h arketinsights.com/insight/buy-now/58 About Coherent Market Insights Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com

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