LABORATORY INFORMATION SYSTEMS MARKET ANALYSIS

Market Concentration and Competitive Landscape

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Integration with hospital information systems

Integration with hospital information systems has boosted demand for laboratory information systems globally. With growing need for hospitals and diagnostic centers to streamline operations and enhance efficiency, there has been an increased focus on integrating laboratory software with existing hospital information systems (HIS). This integration allows for seamless exchange of patient and test details between the labs and other clinical departments like pharmacy, radiology.  It eliminates the need for duplicating patient data entry, reduces turnaround time for test reports and ensures test results are promptly available to clinicians. Many large hospitals have implemented laboratory information systems that are seamlessly integrated with their HIS platforms. This integrated approach enables facilities to maintain centralized patient records and test history. It also helps in better monitoring and management of workflows. According to the World Health Organization, the average turnaround time for medical test reports had reduced by over 30% in public hospitals across developing nations that deployed integrated laboratory-hospital information systems between 2020-2022. The new collaborative work environment empowered caregivers with quick access to accurate diagnostic insights, thus, enhancing patient care quality.