Laboratory Information System Market (Application - Drug Delivery Laboratory Information Systems, and Clinical Diagnostics Laboratory Information Systems; Delivery - Web-Based, and On-Premise; Components - Software, and Hardware): Global Industry Analysis, Trends, Size, Share and Forecasts to 2024. According to the report, the global laboratory information system market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.

Pune, India -- (SBWire) -- 04/30/2019 --The latest report has been added to the wide database of laboratory information system market by Infinium Global Research. This report studies the laboratory information system market by application (drug delivery laboratory information systems, and clinical diagnostics laboratory information systems), delivery (web-based, and on-premise), components (software, and hardware) market status and outlook of global and major regions, from manufacturers, and end industries.

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The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the values for the next six years. laboratory information system Market provides opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major companies in the laboratory information system market.

The Technological and Innovative Approach to Data Management to Boost the Growth of the Laboratory Information System

Hospitals and health systems are seeking innovative approaches to segregate and manage data owing to the rise in health problems and geriatric population. The electronic data capture process of an reduces the time spent and cut errors associated with the transcribing process. The improved efficiency, cost reduction, and easy maintenance will boost the growth of the laboratory information system. Reports can be automatically generated and access to information can be quickly gained by using a LIS. An efficient laboratory information system helps to avoid workload and manage stress by automating tasks and processes on the core system. The financial, operational, inventory, reports and tests are available in various formats in a laboratory information system. A modern laboratory information system such as Care Data Informatics helps lab owners mine data, analyze trends and make accurate projections and thereby increases revenue. However, the lack of experienced professionals and high development cost of software hinders the growth of the Laboratory information system. This system also provides the ability to go paperless and ensures compliance through a structured approach. Moreover, the rapid revolutionization in the diagnostic and medical laboratories is creating an opportunity for the growth of the healthcare information system in the emerging laboratory information system.

North America To Remain Dominant in the Laboratory Information System Market During the Forecast Period

North America holds the largest market share in the laboratory information system market owing to the increased adoption of new technologies in healthcare sectors. Healthcare IT systems are widely being implemented in countries such as the U.S. and Canada that boost the market growth in this region. Europe holds the second largest market in the laboratory information system owing to the technological advancements in the healthcare industry and increasing focus on data management and governance. The Asia Pacific is expected to be the fastest growing market during the forecast period. The major factor that would drive the market in Asia Pacific regions is the increased efficiency provided by the laboratory information system to manage data in the healthcare sector.

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Scone Equine Group Opts Laboratory Information System for Workflow Management

One of Australia's largest providers of equine veterinary services, the Scone Equine Group, has chosen the Matrix Gemini Laboratory Information System (LIS) from Autoscribe Informatics to handle the workflow and test management of the samples for its hospital laboratory located in Scone, New South Wales. The order follows a LIS configuration requirements workshop held on-site for Scone staff by the company which included detailed discussions of their actual workflows and the benefits that a LIMS could bring.

Bob Blunden, Director Australasia at Autoscribe Informatics, said: "I am delighted that Scone Equine Group has decided to order the Matrix Gemini LIMS from us. It reflects both on the versatility offered by Matrix and the local presence and support being provided by Autoscribe Informatics Pty Ltd as a permanent base in the Australasia region. We have recently taken on additional staff to meet the increasing business opportunities in both Australia and New Zealand.

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