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Laboratory Information System Market

Global Laboratory Information System Market Size, Analysis: By Component: Services, Software; By Product: Standalone LIS, Integrated LIS; By Delivery Mode: On-Premise, Cloud-Based; By End User; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2024-2032

Global Laboratory Information System Market Outlook

The global laboratory information system market attained a value of about USD 1.96 billion in 2023, driven by the rising demand of accurate and efficient diagnostic testing across the globe. The market is anticipated to attain a value of USD 3.59 billion by 2032, likely to grow at a CAGR of 6.98% during the forecast period of 2024-2032.

 

Global Laboratory Information System Market

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The growth of global laboratory information system industry is driven by factors such as the increasing incidence of chronic illnesses, the need for laboratory automation and enhanced solutions, and the creation of embedded laboratory information system.

 

Market Segmentation

A laboratory information system (LIS), also known as laboratory information management system, is a software with characteristics that help to manage the laboratory activities by recording and storing data for clinical laboratories. It sends laboratory test orders to lab instruments, track those orders, and then stores the results to a searchable database.

 

Global Laboratory Information System Market

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The global laboratory information system industry can be segmented into components, products, delivery modes, and end-uses.

The industry is divided based on its components as services and software. The industry is divided based on its products as standalone LIS and integrated LIS. The industry is segmented based on its delivery mode as on-premise and cloud-based. The industry can be broadly categorised based on its end-uses into:

  • Hospital Laboratories
  • Independent Laboratories
  • Physician Office Laboratories
  • Others

The EMR report looks into the regional markets of laboratory information system like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Market Analysis

With the rapid technological advancements and rising disposable incomes, particularly in emerging nations, the global laboratory information system (LIS) industry is witnessing a steady growth. The growing trend for personalised medicine and convenient services are anticipated to provide significant growth possibilities to the major players in the industry. With the popularity of cloud-based LIS, the industry is receiving a further boost.

 

Global Laboratory Information System Market

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The hospital laboratories segment accounts for a significant share in the industry. Using LIS in hospitals considerably decreases patient waiting time and offers enhanced diagnostic quality, thus, aiding the growth of the hospital laboratories segment.

 

High maintenance and service expenses, the need for dedicated laboratory units, interfacing problems, and lack of qualified experts will, however, challenge the market development in the coming years.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global laboratory information system market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

 

  • Orchard Software Corporation
  • Sunquest Information Systems, Inc.
  • Cerner Corporation
  • Computer Programs and Systems, Inc.
  • CompuGroup Medical SE and Co. KGaA
  • Medical Information Technology, Inc.
  • SCC Soft Computer
  • Epic Systems Corporation
  • Comp Pro Med Inc.
  • American Soft Solutions Corp.
  • Allscripts Healthcare Solutions
  • Meditech
  • Aspyra

 

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Component
  • Product
  • Delivery Mode
  • End User
  • Region
Breakup by Component
  • Services
  • Software
Breakup by Product
  • Standalone LIS
  • Integrated LIS
Breakup by Delivery Mode
  • On-Premise
  • Cloud-Based
Breakup by End User
  • Hospital Laboratories
  • Independent Laboratories
  • Physician Office Laboratories
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
  • Industry Events, Initiatives, and Trends
  • Value Chain Analysis
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Orchard Software Corporation
  • Sunquest Information Systems, Inc.
  • Cerner Corporation
  • Computer Programs and Systems, Inc.
  • CompuGroup Medical SE and Co. KGaA
  • Medical Information Technology, Inc.
  • SCC Soft Computer
  • Epic Systems Corporation
  • Comp Pro Med Inc.
  • American Soft Solutions Corp.
  • Allscripts Healthcare Solutions
  • Meditech
  • Aspyra
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

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Laboratory Information System Market Report Snapshots

Laboratory Information System Market Size

Laboratory Information System Market Analysis

Laboratory Information System Companies

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Laboratory Information System Market Overview 

    3.1    Global Laboratory Information System Market Historical Value (2017-2023) 
    3.2    Global Laboratory Information System Market Forecast Value (2024-2032)
4    Global Laboratory Information System Market Landscape
    4.1    Global Laboratory Information System Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Laboratory Information System Product Landscape
        4.2.1    Analysis by Component
        4.2.2    Analysis of Product
        4.2.3    Analysis by Delivery Use
        4.2.4    Analysis by End User
5    Global Laboratory Information System Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Laboratory Information System Market Segmentation 
    6.1    Global Laboratory Information System Market by Component
        6.1.1    Market Overview
        6.1.2    Services
        6.1.3    Hardware
    6.2    Global Laboratory Information System Market by Product
        6.2.1    Market Overview
        6.2.2    Standalone LIS
        6.2.3    Integrated LIS
    6.3    Global Laboratory Information System Market by Delivery Mode
        6.3.1    Market Overview
        6.3.2    On-Premises
        6.3.3    Cloud Based
    6.4    Global Laboratory Information System Market by End User
        6.4.1    Market Overview
        6.4.2    Hospital Laboratories
        6.4.3    Independent Laboratories 
        6.4.4    Physician Office Laboratories
        6.4.5    Others
    6.5    Global Laboratory Information System Market by Region
        6.5.1    Market Overview
        6.5.2    North America 
        6.5.3    Europe
        6.5.4    Asia Pacific
        6.5.5    Latin America
        6.5.6    Middle East and Africa
7    North America Laboratory Information System Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Laboratory Information System Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Laboratory Information System Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Laboratory Information System Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Laboratory Information System Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Orchard Software Corporation
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    Sunquest Information Systems, Inc.
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Cerner Corporation
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Computer Programs and Systems, Inc.
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    CompuGroup Medical SE and Co. KGaA
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Medical Information Technology, Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    SCC Soft Computer
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Epic Systems Corporation
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Comp Pro Med Inc.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    American Soft Solutions Corp.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
    17.11    Allscripts Healthcare Solutions
        17.11.1    Financial Analysis
        17.11.2    Product Portfolio
        17.11.3    Demographic Reach and Achievements
        17.11.4    Mergers and Acquisitions
        17.11.5    Certifications
    17.12    Meditech
        17.12.1    Financial Analysis
        17.12.2    Product Portfolio
        17.12.3    Demographic Reach and Achievements
        17.12.4    Mergers and Acquisitions
        17.12.5    Certifications
    17.13    Aspyra
        17.13.1    Financial Analysis
        17.13.2    Product Portfolio
        17.13.3    Demographic Reach and Achievements
        17.13.4    Mergers and Acquisitions
        17.13.5    Certifications
18    Global Laboratory Information System Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2023, the global laboratory information system market attained a value of nearly USD 1.95 billion.

The market is projected to grow at a CAGR of 7% between 2024 and 2032.

The major drivers of the industry, such as the increased shift towards automated laboratories, rise in the number of clinical trials and research activities, growing demand for improved healthcare services for patients, and rapid technological advancements, are expected to aid the market growth.

The key market trends guiding the growth of the laboratory information system industry include the increased demand for personalised medicines and the growing shift towards cloud-based LIS.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Services and software are the leading laboratory information system components in the industry.

The major products of laboratory information system in the market are standalone LIS and integrated LIS.

On-premise and cloud-based are the significant delivery modes of the product in the industry.

Hospital laboratories, independent laboratories, and physician office laboratories, among others, are the leading end use sectors of the product.

The major players in the industry are Orchard Software Corporation, Sunquest Information Systems, Inc., Cerner Corporation, Computer Programs and Systems, Inc., CompuGroup Medical AG, Medical Information Technology, Inc., SCC Soft Computer, Epic Systems Corporation, and Comp Pro Med Inc., among others.

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