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Detailed examination of Europe's laboratory information system market that is estimated to reach $0.51 billion by 2021

Medical Market Research

Europe Laboratory Information System Market by component (Services, hardware and Software) by end-users (hospitals, independent laboratories, clinics and others) by delivery mode (cloud based and on-premises) and by region - Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)

The Europe Laboratory Information System Market is estimated to be $0.33 Billion market in 2016 and is expected to reach $0.51Billion market by 2021 with a growth rate of 8.6%. Laboratory Information Systems is the most technically advanced system for information management.

It analyses the research labs, drug discovery labs, clinical diagnostics and next generation labs in the potential global markets for healthcare and provides information for laboratory systems software and hardware.

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A Laboratory Information System involves complex system designed for managing the information and data relating to medical laboratories that includes clinical laboratories and analytical laboratories.

The information is stored in the cloud of the LIS database for any future use. This information is helpful regarding the prevention management, diagnosis and treatment diseases.

The non-value added steps can be minimised with the automation in laboratories, and the processes like sorting tube, centrifugation and prepping and sorting material for storage can be made more productive.

The driving forces for the growth of the market include rising infectious chronic diseases, demand for error less quality diagnosis, rising per capita spending on healthcare, need for higher efficiencies in clinical laboratories and technological advancements in healthcare IT. However, the growth is restrained by the following issues that include high costs associated with the laboratory information systems and lack of skilled labour in healthcare IT.

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The Europe laboratory information system market is divided based on the components, end-users and delivery modes. Based on the components, the market is analysed as LIS Software, Hardware and services.

Based on the end-users the market is categorised as clinical laboratories, independent laboratories, hospitals and others. On the basis of geography of Europe, the market is segmented region wise as United Kingdom, Germany, France, Italy and Spain.

The market is attracting many industry players in the sector of healthcare IT and laboratory services. The major companies in the laboratory information system market includes Epic System Corporation, McKesson, Cerner Corporation, Medical information technology, Sunquest Information system, SCC Soft Computer, Labware, Evident and Compugroup Medical.

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