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Report Overview

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

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
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Laboratory Information System Market Report Snapshots

Laboratory Information System Market Size

Laboratory Information System Market Analysis

Laboratory Information System Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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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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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124