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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 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, the high maintenance cost of LIS systems and the lack of skilled IT professionals within the healthcare industry may hamper this growth. Furthermore, the 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 market is segregated on the basis of Delivery Mode as On-premise LIS and Cloud-based LIS. Based on Product the global market is segmented in Standalone LIS and Integrated LIS. Based on Component the global market is segmented in Services and Software. Based on End User, the global market is segmented in Hospital laboratories, Independent laboratories, Physician office laboratories, and Other end users.

The global market report provides geographical analysis covering regions, such as Europe, North America, Asia Pacific, and the Rest of The World. The 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 market. The companies studied in terms of product strategy and various n several growths 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:

By Delivery Mode

  • On-premise LIS
  • Cloud-based LIS

 By Product

  • Standalone LIS
  • Integrated LIS

By Component

  • Services
  • Software

By End-User

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

By Region

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

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 market sizes from 2020 to 2026, along with CAGR for 2020-2026
  • Market size comparison for 2020 vs 2026, with actual data for 2020, estimates for 2021 and forecast from 2022 to 2026
  • Global market trends, covering a comprehensive range of consumer trends & manufacturer trends
  • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the 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 - 2020
  • Estimated year - 2021
  • Projected year - 2022
  • Forecast period - 2022 to 2026

Report Scope:

The global market report scope includes a detailed study covering underlying factors influencing the industry trends. The report covers analysis of 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 a detailed competitive outlook covering market shares and profiles key participants in the 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 Buy this Report:

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

Target Audience:

The report targeted 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. 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. 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. 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. 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. By Geography

            9.1 Introduction

            9.2 Europe

                        9.2.1 Europe Market, By Delivery Mode

                        9.2.2 Europe Market, By Product

                        9.2.3 Europe Market, By Component

                        9.2.4 Europe Market, By End User

            9.3 North America

                        9.3.1 North America Market, By Delivery Mode

                        9.3.2 North America Market, By Product

                        9.3.3 North America Market, By Component

                        9.3.4 North America Market, By End User

            9.4 Asia Pacific

                        9.4.1 Asia Pacific Market, By Delivery Mode

                        9.4.2 Asia Pacific Market, By Product

                        9.4.3 Asia Pacific Market, By Component

                        9.4.4 Asia Pacific Market, By End User

            9.5 Rest of The World

                        9.5.1 Rest of The World Market, By Delivery Mode

                        9.5.2 Rest of The World Market, By Product

                        9.5.3 Rest of The World Market, By Component

                        9.5.4 Rest of The World Market, 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:

By Delivery Mode

  • On-premise LIS
  • Cloud-based LIS

By Product

  • Standalone LIS
  • Integrated LIS

By Component

  • Services
  • Software

By End User

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

By Region

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

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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Market Reports Library offers report customizations according to the client requirements, as we understand that the client requirements may not be solely satisfied by our syndicated reports. We offer a dedicated team for the customizations offering maximum value output for the money spent by client. The modifications of report scope and additional insights are provided free as post-sale support to an extent of 10% of the report cost.

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