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> Healthcare > Laboratory Information System Market
Healthcare HE0244 January 2020 Share

Laboratory Information System Market

Laboratory Information System market is expected to grow from USD 1.33 billion in 2019 to USD 2.15 billion by 2026 at a CAGR of 7.10% from 2020 to 2026.

Laboratory data system (LIS) may be a software that accounts, stores, and manages data for laboratories. this technique is employed to send laboratory test orders, record test results, store data during a database employed by the user.

The market is driven by got to control diagnostic errors, rise in chronic disease, utilization of LIS to reinforce laboratory clinical workflow efficiency, incorporation of laboratory data system with Electronic Health Record (EHR) Systems, and increase in demand for quality & precise diagnosis. Nevertheless, high maintenance cost of LIS systems and lack of skilled IT professionals within the healthcare industry may hamper this growth. Furthermore, introduction of novel systems and cloud-based LIS, integration of LIS with hospital management systems, and potential in emerging geographies present numerous opportunities for market growth.

The global Laboratory Information System market is segregated on the basis of Delivery Mode as On-premise LIS and Cloud-based LIS. Based on Product the global Laboratory Information System market is segmented in Standalone LIS and Integrated LIS. Based on Component the global Laboratory Information System market is segmented in Services and Software.

Based on End User, the global Laboratory Information System market is segmented in Hospital laboratories, Independent laboratories, Physician office laboratories, and Other end users.

The global Laboratory Information System market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Laboratory Information System market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Rivalry

Orchard Software Corporation, Sunquest Information Systems, Inc, Cerner Corporation, Computer Programs and Systems, Inc. (CPSI), Compugroup Medical AG, Meditech, SCC Soft Computer, EPIC Systems Corporation, Comp Pro Med, Inc., Schuyler House, and others are among the major players in the global Laboratory Information System market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

The global Laboratory Information System market has been segmented as below:

Laboratory Information System Market, By Delivery Mode

  • On-premise LIS
  • Cloud-based LIS

Laboratory Information System Market, By Product

  • Standalone LIS
  • Integrated LIS

Laboratory Information System Market, By Component

  • Services
  • Software

Laboratory Information System Market, By End User

  • Hospital laboratories
  • Independent laboratories
  • Physician office laboratories
  • Other end users

Laboratory Information System Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Laboratory Information System Market, By Company

  • Orchard Software Corporation
  • Sunquest Information Systems, Inc
  • Cerner Corporation
  • Computer Programs and Systems, Inc. (CPSI)
  • Compugroup Medical AG
  • Meditech
  • SCC Soft Computer
  • EPIC Systems Corporation
  • Comp Pro Med, Inc.
  • Schuyler House
  • McKesson Corporation
  • Medical Information Technology, Inc.
  • Sunquest Information Systems, Inc.
  • Merge Healthcare, Inc.
  • Orchard Software Corporation

The report covers the below scope:

  • Global Laboratory Information System market sizes from 2015 to 2024, along with CAGR for 2018-2024
  • Market size comparison for 2017 vs 2024, with actual data for 2017, estimates for 2018 and forecast from 2019 to 2024
  • Global Laboratory Information System market trends, covering comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Laboratory Information System market
  • Major market opportunities and challenges in forecast timeframe to be focused
  • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
  • Comprehensive company profiles of the key industry players

The years considered for the study are as follows:

  • Base year - 2018
  • Estimated year - 2019
  • Projected year - 2020
  • Forecast period - 2021 to 2025

Report Scope:

The global Laboratory Information System market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Laboratory Information System market share. Major industry players with significant revenue share include Orchard Software Corporation, Sunquest Information Systems, Inc, Cerner Corporation, Computer Programs and Systems, Inc. (CPSI), Compugroup Medical AG, Meditech, SCC Soft Computer, EPIC Systems Corporation, Comp Pro Med, Inc., Schuyler House, and others.

Why to Buy this Report:

  • Gain detailed insights on the Laboratory Information System industry trends
  • Find complete analysis on the market status
  • Identify the Laboratory Information System market opportunities and growth segments
  • Analyse competitive dynamics by evaluating business segments & product portfolios
  • Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

The report targeted towards the existing players in the industry is as follows:

  • Market Manufacturers/Service Providers
  • Market Wholesale/Traders
  • Investment and Financial Institutions

Free and Paid Customization based on the requirement

Report Content

 

  1. Introduction

            1.1 Key Insights

            1.2 Report Overview

            1.3 Markets Covered

            1.4 Stakeholders

  1. Research Methodology

            2.1 Research Scope

            2.2 Market Research Process

            2.3 Research Data Analysis

                        2.4.1 Secondary Research

                        2.4.2 Primary Research

                        2.4.3 Models for Estimation

            2.5 Market Size Estimation

                        2.5.1 Bottom-Up Approach - Segmental Market Analysis

                        2.5.2 Top-Down Approach - Parent Market Analysis

  1. Executive Summary
  2. Market Overview

            4.1 Introduction

                        4.2.1 Drivers

                        4.2.2 Restraints

                        4.2.3 Opportunities

                        4.2.4 Challenges

            4.2 Porter's Five Force Analysis

  1. Laboratory Information System Market, By Delivery Mode

            5.1 Introduction

            5.2 On-premise LIS

                        5.2.1 Market Overview

                        5.2.2 Market Size and Forecast

            5.3 Cloud-based LIS

                        5.3.1 Market Overview

                        5.3.2 Market Size and Forecast

  1. Laboratory Information System Market, By Product

            6.1 Introduction

            6.2 Standalone LIS

                        6.2.1 Market Overview

                        6.2.2 Market Size and Forecast

            6.3 Integrated LIS

                        6.3.1 Market Overview

                        6.3.2 Market Size and Forecast

  1. Laboratory Information System Market, By Component

            7.1 Introduction

            7.2 Services

                        7.2.1 Market Overview

                        7.2.2 Market Size and Forecast

            7.3 Software

                        7.3.1 Market Overview

                        7.3.2 Market Size and Forecast

  1. Laboratory Information System Market, By End User

            8.1 Introduction

            8.2 Hospital laboratories

                        8.2.1 Market Overview

                        8.2.2 Market Size and Forecast

            8.3 Independent laboratories

                        8.3.1 Market Overview

                        8.3.2 Market Size and Forecast

            8.4 Physician office laboratories

                        8.4.1 Market Overview

                        8.4.2 Market Size and Forecast

            8.5 Other end users

                        8.5.1 Market Overview

                        8.5.2 Market Size and Forecast

  1. Laboratory Information System Market, By Geography

            9.1 Introduction

            9.2 Europe

                        9.2.1 Europe Laboratory Information System, By Delivery Mode

                        9.2.2 Europe Laboratory Information System, By Product

                        9.2.3 Europe Laboratory Information System, By Component

                        9.2.4 Europe Laboratory Information System, By End User

            9.3 North America

                        9.3.1 North America Laboratory Information System, By Delivery Mode

                        9.3.2 North America Laboratory Information System, By Product

                        9.3.3 North America Laboratory Information System, By Component

                        9.3.4 North America Laboratory Information System, By End User

            9.4 Asia Pacific

                        9.4.1 Asia Pacific Laboratory Information System, By Delivery Mode

                        9.4.2 Asia Pacific Laboratory Information System, By Product

                        9.4.3 Asia Pacific Laboratory Information System, By Component

                        9.4.4 Asia Pacific Laboratory Information System, By End User

            9.5 Rest of The World

                        9.5.1 Rest of The World Laboratory Information System, By Delivery Mode

                        9.5.2 Rest of The World Laboratory Information System, By Product

                        9.5.3 Rest of The World Laboratory Information System, By Component

                        9.5.4 Rest of The World Laboratory Information System, By End User

  1. Competitive Insights

            10.1 Key Insights

            10.2 Company Market Share Analysis

            10.3 Strategic Outlook

                        10.3.1 Mergers & Acquisitions

                        10.3.2 New Product Development

                        10.3.3 Portfolio/Production Capacity Expansions

                        10.3.4 Joint Ventures, Collaborations, Partnerships & Agreements

                        10.3.5 Others

  1. Company Profiles

(Overview, Key Financials, Recent Developments, Product and Service Offering)

  • Orchard Software Corporation
  • Sunquest Information Systems, Inc
  • Cerner Corporation
  • Computer Programs and Systems, Inc. (CPSI)
  • Compugroup Medical AG
  • Meditech
  • SCC Soft Computer
  • EPIC Systems Corporation
  • Comp Pro Med, Inc.
  • Schuyler House
  • McKesson Corporation
  • Medical Information Technology, Inc.
  • Sunquest Information Systems, Inc.
  • Merge Healthcare, Inc.
  • Orchard Software Corporation

The global Laboratory Information System market has been segmented as below:

Laboratory Information System Market, By Delivery Mode

  • On-premise LIS
  • Cloud-based LIS

Laboratory Information System Market, By Product

  • Standalone LIS
  • Integrated LIS

Laboratory Information System Market, By Component

  • Services
  • Software

Laboratory Information System Market, By End User

  • Hospital laboratories
  • Independent laboratories
  • Physician office laboratories
  • Other end users

Laboratory Information System Market, By Region

  • Europe
  • North America
  • Asia Pacific
  • Rest of The World

Laboratory Information System Market, By Company

  • Orchard Software Corporation
  • Sunquest Information Systems, Inc
  • Cerner Corporation
  • Computer Programs and Systems, Inc. (CPSI)
  • Compugroup Medical AG
  • Meditech
  • SCC Soft Computer
  • EPIC Systems Corporation
  • Comp Pro Med, Inc.
  • Schuyler House
  • McKesson Corporation
  • Medical Information Technology, Inc.
  • Sunquest Information Systems, Inc.
  • Merge Healthcare, Inc.
  • Orchard Software Corporation

FAQ's

The global Laboratory Information System market size is expected to surpass USD 3.07 billion by 2026.

Orchard Software Corporation, Sunquest Information Systems, Inc, Cerner Corporation, Computer Programs and Systems, Inc. , Compugroup Medical AG, Meditech, SCC Soft Computer, EPIC Systems Corporation, Comp Pro Med, Inc., Schuyler House, and others are among the key players in the global Laboratory Information System market. We provide minimum 15 company profile in the report.

The on-premise and cloud-based holds a leading share in the Laboratory Information System market share in 2019.

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