The featured report from Transparency Market Research (TMR) on the global laboratory information systems (LIS) market states that the market will grow at a moderate CAGR of 7.7% during the forecast period from 2013 to 2019. This report is titled “Laboratory Information System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.The global laboratory information systems (LIS) market was estimated at US$1,381.4 billion in 2013 and is projected to be worth US$2,158.0 billion by 2019.Laboratory information systems (LIS) allow clients to access, record, manage, store, and recover laboratory information. The growing demand for improved laboratory efficiency along with hospitals prioritizing for LIS will drive this market. The global laboratory information systems market will also benefit from the rising government support, growing need for integrated healthcare information systems (HIS), and accelerating investment from market players.
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On the contrary, the shortage of experienced professionals, interoperability issues, coupled with the high maintenance and service expenses will suppress the global laboratory information systems market. Nonetheless, LIS module is at an evolutionary stage and players in the market are providing LIS solutions that address to each hospital’s needs. LIS need to be developed, customized, and configured considering the requirements of a laboratory.Hospitals are pressing for elevated reimbursement, as market forces from government are seeking to cut down on costs. Automated hospital management systems such as LIS hold the potential to make care delivery much more efficient. However, the escalating healthcare costs are a major concern for insurers and the government.Application mode-wise, the global laboratory information systems market is segmented into drug...