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Key Players in the Laboratory Information Systems (LIS) Market Focus on the Strategies of New Product Launches and Partnerships, Agreements, and Collaborations
Prominent players in the laboratory information systems (LIS) market include Cerner Corporation (U.S.), Sunquest Information Systems (U.S.), Medical Information Technology (Meditech) (U.S.), SCC Soft Computer (U.S.), EPIC Systems Corporation (U.S.), McKesson Corporation (U.S.), CompuGroup Medical (Germany), Merge Healthcare (U.S.), Orchard Software (U.S.), and Computer Programing and Systems Inc. (U.S.).
In 2013, Cerner Corporation (U.S.) dominated the LIS market. The company offers an exhaustive product portfolio that consists of various LIS products and adopts both organic as well as inorganic growth strategies for enhancing its market position. In August 2014, Cerner Corporation (U.S.) acquired Siemens AG’s (Germany) Healthcare IT business segment. This acquisition enables Cerner to expand its customer base, to utilize Siemens’ research and development resources, and strengthens its market position in HCIT and thus the LIS market.
The key strategies followed by most companies in the LIS market are new product launches; acquisitions; agreements and collaborations; and expansions. New product launches accounted for the largest share of the overall growth strategies mapped from 2011 to 2014. Some of the leading players that adopted this strategy include Sunquest Information Systems Inc. (U.S.), CompuGroup Medical (Germany), Orchard Software (U.S.), and SCC Soft Computer (U.S.). Partnerships, agreements, and collaborations accounted for the second-largest share of the overall growth strategies adopted by key players in the market.
Laboratory Information System/LIS Market by Type (Standalone, Integrated), Delivery Mode (On-premise, Hosted, SaaS), End User Labs (Clinical, Molecular Diagnostic, Blood Bank, Anatomic Pathology) & by Component (Software, Services) - Global Forecast to 2019
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