Global
Laboratory Information System Market: Description
The
increasing need to develop and custom-design laboratory systems to
cater to the changing laboratory needs is the prime driver of the
global laboratory information system market. With IT players
accelerating their investment in the healthcare sector, the future of
the laboratory information system seems quite promising. Furthermore,
the increasing initiative adopted by governments across various
countries to ensure improvement in healthcare services will augur
well for the global laboratory information system market.
The
report presents a comprehensive overview of the global laboratory
information system market. For the purpose of the study, the global
market is segmented based on delivery mode, component, and region.
The regional segments of the market are North America, Asia Pacific,
Europe, and Rest of the World. In terms of units, North America has
been leading the global laboratory information system market, and is
expected to continue its dominance in the year to come.
The
report exhaustive information aimed at updating the stakeholders
about the prevailing market dynamics. Besides profiling the leading
players operating in the market, the report also analyzes the
socio-economic factors having impact on the market. The strengths and
weaknesses of the companies profiled are studied in detail. The
report also focuses on examining the threats and opportunities that
these enterprises are likely to face in the forthcoming years.
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Market Research
Report:
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Global
Laboratory Information System Market: Overview
As
per TMR, the global microfluidic device system market is poised to
exhibit a Transparency Market Research (TMR) projects the global
laboratory information system market to report a CAGR of 7.70%
between 2013 and 2019. The market’s valuation stood at US$1.3 bn in
2013, and is expected to reach US$2.15 bn by the end of 2019.
Despite
exhibiting strong growth, factors such as the high cost of laboratory
information system, lack of trained professions, and high expenditure
incurred on the maintenance of these systems are inhibiting the
market’s growth to an extent. Nevertheless, with the increasing use
of mobile phones, leading enterprises in the market are focusing
launching products that could be controlled remotely using a simple
application downloaded in the user’s smartphone. Such advances are
expected to give momentum to the global laboratory information system
market in the forthcoming years.
Based
on application, clinical diagnostics held the largest share in the
market in 2013 and is expected to expand at a CAGR of 8.9% from 2013
and 2019. Regionally, North America dominated the market in 2013. The
region has been witnessing an increasing incidence of chronic
ailments, which requires accurate diagnosis. This is a major factor
bolstering growth of the laboratory information system market in
North America. The public funded structure is also giving impetus to
the regional market.
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