The Latin America Information System Market in 2016 is valued at USD 0.11 Billion and is forecasted to reach USD 0.17 billion by 2021 with a growth rate of 8.9% in the review period. A Laboratory information systems analyses the potential world markets for health care laboratory information system hardware and software which are in practice in the drug discovery, research labs, clinical diagnostics labs and next generation sequencing labs. Since its advent, it has been industries most technically advanced information management system.
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A laboratory information system is designed for information and data management that are often complex and are related to the medical laboratories which include clinical and analytical laboratories. The data or the information collected are stored in the database for future references. The laboratory information system is helpful in the treatment, diagnosis and prevention management of the disease. With the introduction of information systems in laboratories, they can be made more automated increasing the productivity by reducing the non-value adding processes that include sorting tubes, centrifugation, prepping and sorting material for storage.
The driving forces for the growth of the market include rising infectious chronic diseases, demand for error less quality diagnosis, rising per capita spending on healthcare, need for higher efficiencies in clinical laboratories and technological advancements in healthcare IT. However, the growth is restrained by the following issues that include high costs associated with the laboratory information systems and lack of skilled labour in healthcare IT.
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The segmentation of Latin America laboratory information system market is based on the categories of components, delivery mode and end-users. By components the market is analysed as Services, Software and Hardware. By end-users, the market is categorised into clinical laboratories, hospitals, independent laboratories and others. By the type of delivery mode, the market is divided into segments as cloud based and on-premises. By region, geographical segmentation of Asia is as China, India, Japan, South Korea and Australia.
The major companies in the laboratory information system market includes Cerner Corporation, SCC Soft Computer, McKesson, Medical Information technology, Evident, Compugroup Medical, Epic system corporation, Sunquest Information Systems and Labware.
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