According to Goldstein Market Intelligence, laboratory information system market is expected to reach USD 2.75 billion by 2030, growing at a CAGR of 7.25%. The huge investment in healthcare performance, to shift towards advanced analytics in lab system and cloud technologies to store and analyze large data is driving the growth of the market. laboratory information system market segmentation has been done on the basis of component, product type, delivery mode, end-user and geography. Service segment accounted for largest market share of 52% in 2016 for being most attractive segment. On the other hand, software segment is expected to dominate the market over the forecast period.

Laboratory information system market is dominated by North America with 51% market share in 2017. North America is closely followed by Europe market share backed by the increasing expenditure on protecting the patients data and securely exchange of data between clinicians and systems.

Market Segmentation
On the basis of our in-depth analysis, Laboratory Information System Market can be segmented as follows:
By Component
o Solutions & Software
 Clinical Lab Reference Testing Management Software
 Paragon Clinical Patient Data App
 Billing and Collection Services and Revenue Cycle Management
 Paragon Ancillary Health Services EHR Solutions
o System
 Laboratory Solutions for Health Systems
 Blood Bank Information Management System
 Cardiac Cath Lab Information Management System
 Echocardiography Information Management System
By Product Type
o Standalone
o Integrated
By Delivery Mode
o On-premise
o Web Based
o Cloud Based
By End User
o Clinical Labs
o Anatomic pathology
o Molecular diagnostics
o Others (Laboratory Outreach)
By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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“Laboratory Information System Market Outlook 2024” by Goldstein Market Intelligence contains detailed overview of the laboratory information system market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by component, product type, delivery mode and end-user.
Further, Laboratory Information System Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as CompuGroup Medical, Cerner Corp, McKesson, Evident, Medical Information Technology, LabWare, Sunquest Information Systems Inc., SCC Soft Computer, Epic Systems Corporation, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

Overall, the report represents the laboratory information system market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

The Report is Available @ https://www.goldsteinresearch.com/report/laboratory-information-system-market

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