European Laboratory Information Systems (LIS) Market is Expected to Reach $582.5 Million by 2019, at a CAGR of 7.6% from 2014 to 2019

FORT WORTH, Texas, February 17, 2015 /PRNewswire/ --

The European LIS market is expected to reach a value of $582.5 million by 2019, estimated to grow at a CAGR of 7.6% from 2014 to 2019.

Browse through the TOC of European Laboratory Information Systems (LIS) Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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A laboratory information system (LIS) is a series of software that processes, receives, and stores information that has been generated by the medical laboratory processes. The LIS system is an application that can be highly configured to facilitate a wide range of work flow models. The software has to be interfaced with various instruments and various other information systems such as hospital information systems (HIS). In the recent years, the LIS system has advanced from the generation of a simple laboratory report to the generation of complex systems that are capable of tracking the workflow of the entire testing phase of a laboratory. The only major limitation faced by all laboratories is the deciding of a LIS vendor.

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The European market is projected to reach a value of $582.5 million by 2019, at a CAGR of 7.6% from 2014 to 2019, as the European LIS systems are technologically advanced and hold high potential in the healthcare market in the region. The factors that are enhancing the growth of this market are the rise in demand for the integration of the various healthcare systems, continuous advancements in the system, and high governmental support in the adoption of healthcare IT tools. The growing demand for molecular diagnostic tests and rising prevalence of chronic diseases in the region are among the other factors driving the growth of the European LIS market.

The products of the European LIS market include standalone LIS and integrated LIS. The major delivery modes that are adopted in the LIS market are on-premise, remotely-hosted, and cloud-based market. The main end-users of the European LIS market include clinical diagnostic laboratories, hospitals, anatomic pathology, blood banks, and molecular diagnostic laboratories.

Related Reports: 

The Asian Laboratory Information System Market report covers the regional as well as country-wise market. This market is projected to grow at a CAGR of 7.1% between 2013 and 2018. With both the developed and developing economies in the region, this is a highly dynamic market.

http://www.micromarketmonitor.com/market/asia-laboratory-information-system-5336724034.html

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