Kidney Biopsy Market Players, Outlook, Trends, Size, Share, Scope, Regional Demand and Forecast To 2030

 

Global Kidney Biopsy Market- Overview

Accrediting the kind of growth the market is witnessing and the growth prospect the market is demonstrating, Market Research Future (MRFR), has recently published a brilliant study report. According to MRFR, the Global Kidney Biopsy market size is expected to perceive exponential growth USD 3.31 billion by 2032, registering ~ 5.20% CAGR during the forecasted period 2023-2032.

The global market for Kidney biopsy or renal biopsy is growing pervasively over last decade. Factors such as increasing prevalence for kidney diseases & transplants are fuelling the market growth to an extent. Also the risk factors of kidney diseases & disorders like chronic high blood pressure & diabetes that are creating the demand for the better diagnostic and treatment methods by increasing the prevalence of kidney diseases and in turn, speeding up the market growth.

Other factors propelling the market growth include the changing lifestyle owing to the growing urbanization & industrialization coupled with the growing economic conditions that enable access to the quality life & to the improved healthcare worldwide. Advancements in surgeries, fuel the market growth. In addition, factors such as increasing number of biopsy procedures and rising demand for new techniques for diagnosis of chronic diseases provide major impetus to the market growth.

On the other hand, factors such as prohibitive costs associated with Kidney biopsy and the differential awareness and availability between developing and the developed world are posing challenges to the market growth. Nevertheless, new products and services offered to the developing countries and emerging economies by the well-established market players in the developed countries are filling up this gap. This will resultantly foster the market growth.

Global Kidney Biopsy Market- Competitive Analysis

The global Kidney Biopsy market is a fragmented market with a large number of players. Product development strategy has been curtailed by the excellent efficiency and efficacy of drugs. However, the rise of drug resistance has opened doors for new drug development and is an opportunity for a new market leader. The rise of spurious and counterfeit medicines have reduced the total market revenues and at the same time displaced standard drugs off the market.

The Kidney Biopsy Market Players are Cook Medical (US), Boston Scientific Corporation (US), C R Bard, Inc. (US), Hologic Inc. (US), Devicor Medical Products Inc. (US), Intact Medical Corporation (US), Scion Medical Technologies LLC (US), Precision Biopsy, LLC (US), Integra LifeSciences Corporation (US), Focal Therapeutics, Inc. (US), Creganna (US), CareFusion (US), and Argon Medical Devices, Inc. (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Market of Kidney Biopsy.

 

Global Kidney Biopsy Market- Segments

For the convenience of the report and enhanced understanding; the report - Kidney Biopsy Market is segmented in to 4 key dynamics

By Types                     : Comprises Percutaneous and Surgical Biopsy.

By Indications             : Hematuria, Kidney Failure, Proteinuria, and Kidney Transplant.  

By End Users               : Hospitals & Clinics, Tertiary Care Centers, & Urology Centers among others.

By Regions                  :  North America, Europe, APAC and Rest of the World.

Global Kidney Biopsy Market- Regional Analysis

Globally, North America is the largest market for the Kidney Biopsies market insights. Factors such as extensive uptake of technologically advanced medical devices, high expenditures for health care coupled with the governmental support for R&D activities drive the regional growth of the market. Moreover, increasing prevalence of kidney diseases, diabetes, and renal failures are providing impetus to the market growth.

While Europe region stands as the second-largest market for Kidney Biopsies. This growth attributes to the increasing emphasis on the development of advent urology diagnostic devices, rising government support for research & development coupled with the availability of funds. Besides, rising number of specialty services offered by various healthcare providers drive the regional market growth.

However, the developing regions market particularly Asia Pacific will be the fastest growing market for Kidney Biopsies. Factors such as the ever-increasing prevalence of diabetes, and rising number of kidney transplant procedures in urology centers, rapidly developing healthcare technology sector and high healthcare expenditure drive the regional market growth. Furthermore, increasing demand for quality devices in the healthcare is expected to lead the use of advanced equipment, which, in turn, is expected to foster the market growth in APAC region.    

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Epilepsy Diagnosis & Treatment Market Insights To Witness Notable Growth During the Forecast Period 2022-2030

 Market overview-

The Global Epilepsy Diagnosis & Treatment Market size is projected to reach USD 10.122 billion by 2032 set to expand at a compound annual growth rate of 14.90% over the forecast period of 2023-2032, proclaims Market Research Future (MRFR) in a detailed research report. Introduction of novel antiepileptic drugs has been a plus for the market growth as it has increased the number of available treatment options. Improved access to therapies has also been instrumental in catalyzing the market growth which has been complemented by substantial expenditure on healthcare on a global scale.

Increasing access to pharmacotherapy, especially in the developing countries of China and India purveyed by government support in the form of medical aids has boosted the growth of the market. The global epilepsy diagnosis & treatment market has witnessed FDA approval of many new drugs in the recent years which has propelled the growth of the market. The overall level of unmet needs is high in the epilepsy market which along with rising prevalence of epilepsy across the globe has aided the growth of the market. However, the high cost of treatment and corrective surgeries and lack of awareness in the developing countries is projected to impede the market growth over the forecast period.

Competitive Landscape

The global epilepsy diagnosis & treatment market players include Pfizer, Inc. (U.S.), UCB Pharma Ltd. (U.K), GlaxoSmithKline plc (U.K), Sanofi S.A. (France), Medtronic (U.S.), Natus Medical Incorporated. (U.S.), Johnson & Johnson Services, Inc. (U.S.), Abbott (U.S.), Novartis International AG (Switzerland), Shire (Republic of Ireland), NeuroWave Systems Inc. (U.S.), Siemens Ltd. (Germany), and others. 

Segmentation

The global epilepsy treatment & diagnosis market has been segmented based on type, diagnosis, treatment, and end user. By type, the market has been segmented into idiopathic, cryptogenic, symptomatic, and others. By diagnosis, the market has been segmented into neurological exam, blood test, imaging, and others. The imaging segment has been further segmented into electroencephalogram, computerized tomography, magnetic resonance imaging, positron emission tomography, and others. By treatment, the market has been segmented into medication, surgery, brain stimulation, and others. The medication segment has been further segmented into acetazolamide, carbamazepine, clobazam, and others. The surgery segment has been further segmented into emporal lobectomy, lesionectomy, and others. The brain stimulation segment has been further segmented into deep brain stimulation, responsive neurostimulation, and others. By end user, the market has been segmented into hospitals & clinics, diagnostic centers and others.

Regional Analysis

The global epilepsy diagnosis & treatment market insights spans across the regions of the Americas, Europe, Asia Pacific, and the Middle East & Africa. The Americas is currently dominating the global market for epilepsy diagnosis & treatment due to a robust healthcare sector, the presence of a vast patient pool, and an increase in a number of head trauma cases. Europe represents the second largest market for epilepsy diagnosis & treatment. A well-developed healthcare sector and government grants for research & development activities drive the market in Europe. Asia Pacific is projected to exhibit substantial growth over the forecast period and grow at the fastest rate. Developing healthcare sector in emerging economies and increasing prevalence of epilepsy in the region fuels the growth of the Asia Pacific market. The Middle East & Africa market accounts for a relatively lower share of the global market. Low expenditure on healthcare, lack of awareness regarding the disease, and stringent government policies, especially in the African region limit the growth of the market. The majority of the market share is held by the Middle East which can be attributed to high healthcare spending and the presence of a well-developed healthcare sector in the Gulf nations.

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Bladder Cancer Market Players, Outlook, Trends, Size, Share, Scope, Regional Demand and Forecast To 2030

 

Global Bladder Cancer Market - Overview

The global bladder cancer market size is projected to grow USD 8.2 billion by 2032, exhibiting a CAGR 4.60% during the forecast year 2023-2032. growing at a steady pace. This can be attributed to increasing prevalence of bladder cancer. It is reported that the exact cause of the bladder cancer is not clear, however, the medical condition is estimated to be aaocaited with certain factors which are inclusive mutations in the genetic composition of the patients, continuous exposure to harmful radiations, and adoption of unhealthy lifestyle. Such conditions are responsible for increasing the reported cases of bladder cancer across the globe. Moreover, factors such as increasing government support alongwith the growing investment in the research and development procees boosts the market growth. Adfditionally, rising awareness regarding the medical condition among the masses also contributs to the market growth. However, there factors such as  high cost of the treatment in terms of expensive drugs, and related side effects are estimated to restarin the market tgrowth during the projected period.

Global Bladder Cancer Market - Competitive Analysis

The market for bladder cancer is well established market with number of companies operating in this market.

The global bladder cancer market players such as, Oncogenex (US), Astellas (Japan), Eli Lilly and Company (US), AstraZeneca (UK), F. Hoffmann-La Roche (Switzerland), GlaxoSmithKline (UK), Accord Healthcare, Inc.(India), Pfizer (US), Novartis AG (Switzerland) Bristol-Myers Squibb company (US) and others. These are some of the major market players at the forefront of competition in the global bladder cancer market.

Bladder Cancer Market is expected to grow in the presence of increasing demands for better rtherapeutics. Currently, the market is witnissing an unavailability of absolute treatment. This can be seen as an for the market players to expand their market. The players, present in the global  bladder cancer market are focusing on the development of new products. Such novel  products are being designed with views of cost effectiveness and minimum side effects. Therefore, many companies in the market are involved in the development of specific types of molecules, and novel therapies have adopted the strategies of the acquisitions, product launches in order to strive in the competitive market. Additionally, competition amongst new entrants is expected to increase the growth for bladder cancer market over the forecasted period.

Global Bladder Cancer Market - Regional Analysis

On the basis of the geography, the global bladder cancer market insights is segmented into the four major regions, namely the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas holds the largest share in the global bladder cancer market.  Presence of huge patient population suffering from bladder cancer is a major reason behind the same. As per the American Cancer Society, approximately 79,030 new cases of bladder cancer were reported  in 2017. Moreover, it was estimated that the disease caused about 16,870 deaths withihn the U.S. Additionally, factors includfing changing lifestyle, rising government support, incrteasing role of cancer care organisations for incraesing the awareness s also impacts a positive  growth in the global bladder cancer market.

Europe accounts for the second largest market share for the bladder cancer, which is followed by Asia Pacific. Asia Pacific is the fastest growing market owing to the huge population base, increasing prevalence of bladder cancer, rapidly developing economies and presence of huge opportunity for the growth of the market. The Middle East & Africa has the least market share due to the unavailability of the required healthcare infrastructure, lack of awareness among people, and affordability issues due to presence of the poor economies in Africa region.

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Heart Transplant Market Players, Outlook, Trends, Size, Share, Scope, Regional Demand and Forecast To 2030

 Market Analysis

Acknowledging the numerous innovations transpired in the heart transplant market and the surging traction the market is currently garnering Market Research Future (MRFR) in its recently published study report asserts that the global heart transplant market size is projected to reach USD 24.3 billion by 2032 at a CAGR 10.10% during the forecast year 2023-2032

Heart Transplant or Heart Implant or Cardiac Transplant surgery market is growing rapidly, enhancing the quality of life of people by delivering miraculous results.  Over the past few decades, many innovations have transpired in the field of heart transplant allowing patients an extended lifespan of 13 years approximately with the new heart.

The advancement of effective drugs ascended the success rate of heart transplants to further heights allowing the heart transplant market to witness upsurge. Another predominant factor that contributes to the market growth is the growing prevalence of heart failure and severe coronary artery diseases across the globe.

The advancements in surgical techniques, immunosuppressive modalities, and postoperative care along with the growing prevalence of heart failures and heart-related diseases are boosting the revenues in the market. In recent years, lower availability of donors has prompted significant investments in R&D activities to invent advent technologies and new surgical techniques. These investments, in turn, are defining the immense growth landscape of the heart transplant market insights.

The heart transplant market will gradually subside within a decade with the emergence of artificial pumps and stem cell therapy that will replace the heart transplant. Until then the market will witness its heydays. Simultaneously, insufficient availability of suitable donor’s pool and the complications of a heart transplant such as chances of rejection which basically is immune system’s attacks on transplanted heart, are some of the challenges the market is facing currently. Nevertheless, the emergence of new powerful Immunosuppressive Medications that can control the rejection issues ruling out further chances of acute rejection of the organ will, in turn, support the growth of the heart transplant market. Moreover, the emergence of the Endomyocardial Biopsy coupled with the new high-tech analysis is expected to boost the growth of the Heart Transplant market.

Heart Transplant Market   - Competitive Analysis

The well-established players operating in the highly competitive global market for heart transplant incorporate strategies such as collaboration, acquisition, partnership, technology launch, and expansion, in order to gain the competitive edge in this market.

They also invest substantial funds in R&D and clinical trials to develop effective heart transplant program which is comprehensive, advanced and state-of-the-art. Some hospitals strive to provide tailor-made transplant surgeries based on the ailments, age, and other complications. With advanced diagnostics, and comprehensive rehabilitation schedule these hospitals ensure that patients have access to the best care at every stage of the transplant journey.

Key Players:

The heart transplant market players are.

• SynCardia Systems, LLC,
• Apaxis Medical, Inc.,
• HeartWare,
• Calon Cardio,
• Thoratec Corporation, and
• Optum Inc.

Heart Transplant Market      - Segments

The MRFR analysis is segmented into three key dynamics for enhanced understanding.

By Surgery Types                 : Comprises - Ventricular Assist Devices, and Total Artificial Hearts among others.

By End Users             : Hospitals, Cardiac institutes, Research Centers, and laboratories among others.

By Regions                             :  North America, Europe, APAC, and the Rest-of-the-World.

 

Heart Transplant Market   - Regional Analysis

Globally, North America region accounts for the largest heart transplant market which is estimated to be the major revenue pocket during the review period. The U.S. with its largest number of heart transplants performed (approx. 1700 annually) accounts for one of the major revenue generators in the global market.

Additional factors contributing towards the growth of the market in the region are, increased incidence of heart diseases, technological advancements transpired in the medical sector, increased research & development activities, etc. Besides, rising procurement of transplant diagnostic instruments among medical facilities supports the market growth in the region.

The Europe heart transplant market accounts for the second-largest market, globally owing to the initiatives undertaken by the government and availability of funds. The market is expected to increase steadily throughout the forecast period. Also, huge investments transpired in the healthcare domain are fostering the growth of the market in the region.

The Asia Pacific region is too emerging as one of the promising markets for the heart transplants, growing rapidly. The market is predominantly growing due to the burgeoning medical tourism market in the region. Equipped with the state-of-the-art healthcare infrastructure and flocked with skilled cardiac surgeons, the APAC heart transplant market has improved its reliability for good results.

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Occlusion Devices Market Insights To Witness Notable Growth During the Forecast Period 2022-2030

 Occlusion Devices Market – Overview

The growth in the demand for diagnostic has had a beneficial effect on the growth of the market for occlusion devices. Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The Occlusion Devices Market size is projected to grow USD 2193.98 million at a CAGR of 6.2% in the forecast period 2022-2030.

The rise in heart-related ailments has been identified as a vital factor for the development of the occlusion devices market. The increased prevalence of chronic diseases is also expected to benefit the demand for occlusion devices. Also, an increased pace of improvement in the product design and efficiency of occlusion devices is projected to create favorable opportunities for expansion.

Competitive Analysis

The escalated turnaround in the market is likely to set off new openings for the development of the market. The enhancement in different domestic economies is projected to encourage the progress of the market in the impending period. The ease in accessing key planned opportunities important to consequent stabilization of inflation is projected to generate a promising option for development in the approaching years. In the approaching years, the control exerted by fairly high-income level nations around the world and the likely gains observed towards a few of the currencies around the world is projected to strengthen the fruition of the market in the forecast period. A significant climb in the number of backers in the market is expected to craft an advantageous state of affairs for the evolution of the market in the projected period. The advancement of the market is projected to capture amplified impetus in the coming years chiefly due to the incidence of contributory government plans.

The occlusion devices market players are Acrostak, Cook Group, Angiodynamics, Asahi Intecc, Avinger, Cardinal Health, Edwards Lifesciences,  Terumo Corporation (Japan), Penumbra, Stryker Corporation, Terumo Corporation, B. Braun Melsungen AG (Germany), Abbott Laboratories (U.S.), Medtronic plc (Ireland), MicroPort Scientific Corporation (China) and Meril Life Sciences Pvt. Ltd. (India) to name a few.

Segmental Analysis

The segmental analysis of the occlusion devices market is carried out on the basis of product, region, application, and end-user. Based on the product, the occlusion devices market is segmented into support devices, tubal occlusion devices, support devices, and occlusion removal devices. The embolization devices segment is further segmented into tubal occlusion devices and liquid embolic agents. The occlusion removal devices are further segmented into stent retrievers, coil retrievers, balloon occlusion devices, and suction and aspiration devices. The support devices segment is further segmented into guidewires and microcatheters. The segmentation of the occlusion devices market based on application comprises of cardiology, neurology, peripheral vascular diseases, oncology, urology, gynecology, and others. The end-user based segmentation of the occlusion devices market comprises of diagnostic centers, hospitals and clinics, ambulatory care centers, surgical centers, and others.

Detailed Regional Analysis     

The regional analysis of the occlusion devices market insights observes that the North American region is the chief region and is chiefly motivated by the mounting patient population suffering from persistent diseases, rising investment in healthcare, and escalating geriatric population levels. Also, the U.S. is the principal market in the North American region due to the incidence of a huge number of market companies manufacturing occlusion devices and growing awareness about risk factors for chronic diseases. The European region’s occlusion devices market shows positive growth with an escalating emphasis on the diagnosis of chronic diseases and other associated diseases. The Asia Pacific region is anticipated to be the top growing market whose expansion is accredited to the mounting burden of chronic diseases and escalating focus on early diagnosis and management of heart diseases. Additionally, other factors contributing to the expansion of the occlusion devices market are lifestyle changes, the control of western culture among adults, and compulsion to smoke. The Middle Eastern and African region in the market for occlusion devices displays a stable rise with a boost in the number of healthcare facilities offering treatment of chronic circumstances and the affluent growth in the medical device sector, particularly in the devices used in treatment methods.

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Gastric Bypass Market Players, Outlook, Trends, Size, Share, Scope, Regional Demand and Forecast To 2030

 

Market overview

Gastric bypass is one of the vastly studied surgeries that can even benefit offering several positive effects in the treatment of blood pressure, sleep apnea, and certain forms of cancer. This surgery can also impact diabetes treatments and most importantly with a remarkably fast weight reduction.

Acknowledging the rapid expansion, the market is witnessing at present, Market Research Future (MRFR) in its recently published study analysis asserts that the global gastric bypass market size is expected to reach USD 1,466.75 Million by 2030 at 4.90% CAGR during the forecast period 2022-2030.  The extensive uptake of gastric bypass surgery is a major factor driving the growth of the market.

During various types of research conducted on gastric bypass, a drastic reduction (over 90 percent) in new onset type 2 diabetes was found. Also, in other obesity-related conditions assessed it was found that gastric bypass can bring a significant reduction in the occurrence of high blood pressure and dyslipidemia. Such phenomenal outcomes that the surgery offers are acting as major tailwinds pushing the market on the global platform.

Additional factors that are substantiating the growth of the market include the rising prevalence of obesity, diabetes, and cardiovascular disease, leading to increasing the demand for minimally invasive procedures for the treatment. Moreover, increasing adoption of advanced surgical devices across the medical sector is the primary factor fostering the market growth of the market.

On the other hand, factors such as the side effects associated with the gastric bypass surgery such as developing suicidal tendencies are impeding the growth of the market. Nevertheless, factors such as the full-fledged counseling session conducted before and after the surgery to highlight the need for considerable attention to patients’ psychological health, are expected to support the growth of the market, positively influencing the decision for the operation.

Global Gastric Bypass Market – Competitive Analysis

Highly competitive, the gastric bypass market appears fragmented due to the presence of several matured players. These players form a healthy competitive landscape which results in intensifying the completion in the market. Mergers & acquisitions, innovation, and brand reinforcement remain the key trends for leading players.

Major Players:

Global gastric bypass market players include Intuitive Surgical Inc. (US), TransEnterix Inc.  (US), Medtronic (US), USGI Medical Inc. (US), Cousin Biotech (France), ALLERGAN (Republic of Ireland), Johnson & Johnson Services, Inc. (US), Mediflex Surgical Product (US), and GI Dynamics Inc. (US) among others.

Gastric Bypass Market – Segmentations

For ease of understanding, the analysis has been segmented into four key dynamics:

 

By Type                       : Endoscopic Sleeve Gastroplasty and Intragastric Balloon among others.

By Indication              : High Blood Pressure, Heart Disease, Type 2 Diabetes, and Gastroesophageal Reflux Disease among others.

By End-user                : Clinics and Surgical Centers and Hospitals among others.

By Region                   : North America, Asia Pacific, Europe, and the Rest-of-the-World.

 

Gastric Bypass Market – Geographical Analysis

The North America region, heading with the increasing prevalence of obesity and cardiovascular diseases dominates the global gastric bypass market. Factors that are substantiating the growth in the regional market include the presence of well-established market players & manufacturing setups for the surgical devices and the availability of advanced healthcare specialty services.

The U.S. with its well-developed technology and high healthcare expenditure help the region to command the largest market share. Continuing with the same growth trends, the gastric bypass market in North America is expected to retain its dominance throughout the forecast period.

The gastric bypass market insights in the European region accounts for the second-largest market, globally. Factors such as the increasing diabetic population and the extensive research & development activities in the field of gastroenterology led by the availability of funds foster the growth in the regional market. Germany and France backed by the increasing use of minimally invasive surgical procedures in hospitals, and surgical centers account for the significant contributors to the growth of the regional market.   

The Asia Pacific gastric bypass is emerging as a profitable market, globally. Factors such as the vast technological developments are acting as key driving forces behind the growth of the regional market, meeting the demand for technologically advanced devices for minimally invasive surgical procedures. The rapidly improving economy in the region is acting as a major tailwind that is impacting the growth in the regional market, positively.

Also, the availability of the low-cost treatment and drugs is facilitating the needed boost to the market growth, meeting the large unmet clinical needs of the vast population. Furthermore, factors such as the increasing occurrences of diabetes and cardiovascular diseases and the rising number of specialty services, provide impetus to the market growth to an extent.

Simultaneously, the growing penetration of healthcare insurance mainly in Thailand, Malaysia, and Vietnam alongside the other South East Asian countries are expected to drive the gastric bypass market in the APAC region.

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Laboratory Information Systems Market Insights To Witness Notable Growth During the Forecast Period 2022-2030

 

Market Scenario

The global laboratory information systems size is projected to grow USD 3.8694 billion by 2030 at CAGR of 9.50% during the forecast period 2023-2030, predicts Market Research Future (MRFR). There are several practice applications of an LIS that improve the day-to-day operations of a medical laboratory, along with prevention of medical errors. A busy medical laboratory having many patients on a regular basis encounter difficulty in keeping all the patients’ information organized. Thus, an LIS system comes in handy, as it helps keep all this information organized, which is vitally important for a medical lab to run smoothly. Apart from this, rising integration of LIS and Electronic Health Record (EHR) and demand for quality and precision diagnosis are majorly supplementing the market growth globally. Moreover, increasing penetration of mobile applications in healthcare solutions coupled with growing popularity of cloud-based laboratory information system testifies for the market progress that has taken place in the past few years.

On the flip side, lack of skilled information technology (IT) professionals in the healthcare industry tames the flow of the progressing market. However, an array of opportunities stemming from emerging regions along with the consistently growing adoption of LIS are proof enough that the global market is en-route to brighter future prospects. Also noteworthy are few trends that bestow the global market with the required push, including proliferation of smartphones, point-of-care devices and e-services in the healthcare industry which significantly shape the market dynamics. Also, immense demand from patients for technological solutions for more convenient health testing, and monitoring is growing. This leads to global market players taking notice of the opportunities that crop up and indulge in strategic activities such as product launches. For instance, in the year 2014, Thermo Fisher launched a new ultracentrifuge which combines speed with safety and ergonomics that allows researchers to protect samples easily while also achieving reliable and consistent results.

Key Players

global laboratory information systems market players include   Cerner Corporation, Recent Developments, Eclipsys Corporation, Merge Healthcare Inc., STARLIMS Corporation, Sunquest Corporation and Thermo Fisher Scientific Inc., LabVantage Solutions Inc., LabWare Inc., McKesson Corporation, Medical Information Technology Inc., and others.

The Cerner EHR project is thriving as the U.S. Department of Defense increases its budget by about USD 1.2 billion. The additional funds will support the added services to maintain a standard EHR between the Department of Veterans Affairs and the U.S. Coast Guard. The EHR when integrated with laboratory information system, turns highly efficient, which leads to increased productivity and also reduced probability of errors. Cerner is an established company in the global LIS market that understands this fact and makes use of every opportunity to enhance its products to cater to various customer needs.

Market Segmentation

The global market of laboratory information systems is segmented on the basis of application, components, and delivery.

By applications, the market is segmented based on clinical LIS, drug discovery LIS, and industrial LIS. The clinical application of LIS holds the largest market share as using LIS software involves more productivity and less paperwork, enhanced patient safety, and improved turn-around time.

By components, the market is segmented based on software, hardware, and services. Among these, the software segment accounts for the majority of the global LIS market due to increasing product enhancements and advent of innovative LIS software systems which ensures the smooth running of the healthcare department.

By delivery, the market is segmented on the basis of web-based, on-premise and cloud-based. Among these, cloud-based LIS software is highly popular as it offers various benefits such as cost savings, high security, flexibility, mobility and quality control.

Regional Analysis

By region, the global laboratory information systems market insights is segmented on the basis of North America, Europe, Asia Pacific and the Rest of the World (RoW).

The joint market share combining North America and Europe was more than 75% of the global total market size in 2014. However, North America has currently secured the top position claiming the largest market share. This stupendous growth can be attributed to increasing cases of fatal diseases and subsequent diagnostic and treatment needs. Moreover, high disposable income and strong economy also help augment the market growth in the region. Furthermore, increasing business opportunities for healthcare service providers along with growing demand for automated instruments rising in laboratories has majorly triggered the market growth in the region.

On the other hand, the Europe LIS market is estimated to grow tremendously during the forecast period, due to massive investment by healthcare IT players and a barrage of players trying to enter the regional market and establish themselves. Moreover, thriving healthcare industry and sophisticated medical infrastructure also play a major role in the growth of the regional market.

The Asia-marked Pacific is also presumed to grow at a significant pace throughout the forecast period. This growth is due to increased infectious diseases, significant increase in healthcare expenditure and advancements in healthcare IT sector. The market growth in the region is also aided by growing need for enhancing the efficiency of medical laboratories, growing demand for error-free diagnosis and increasing integration of information system with laboratories.

The rising aging population and increasing cases of fatal diseases in the regions of Middle East and Africa have propelled the market growth in the region. Also, the market in the region is highly fragmented, and the regional market players used various strategies such as product launches, expansions, and joint ventures to increase their footprint in the region. This gives a significant push to the market and will continue to do so in the coming years as well.

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