The global laboratory information system market stood at a value of nearly USD 1.6 billion in 2019. The industry is projected to grow at a CAGR of 6% over the forecast period of 2020-2025. 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.
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Properties and Applications
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.
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:
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.
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.
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.
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:
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 Questions Answered in the Market Report:
1.1 Objectives of the Study
1.2 Key findings of the Study
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.4 Inference Data
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Market Overview
4.2 Market Analysis
5 Global Laboratory Information System Market Analysis
5.1 Global Laboratory Information System Historical Market (2015-2019) & Forecast (2020-2025)
5.2 Global Laboratory Information System Market Breakup by Component
5.3 Global Laboratory Information System Market Breakup by Component: Historical Market (2015-2019) & Forecast (2020-2025)
5.4 Global Laboratory Information System Market Breakup by Product
5.4.1 Standalone LIS
5.4.2 Integrated LIS
5.5 Global Laboratory Information System Market Breakup by Product: Historical Market (2015-2019) & Forecast (2020-2025)
5.5.1 Standalone LIS
5.5.2 Integrated LIS
5.6 Global Laboratory Information System Market Breakup by Delivery Mode
5.7 Global Laboratory Information System Market Breakup by Delivery Mode: Historical Market (2015-2019) & Forecast (2020-2025)
5.8 Global Laboratory Information System Market Breakup by End use
5.8.1 Hospital Laboratories
5.8.2 Independent Laboratories
5.8.3 Physician Office Laboratories
5.9 Global Laboratory Information System Market Breakup by End Use: Historical Market (2015-2019) & Forecast (2020-2025)
5.9.1 Hospital Laboratories
5.9.2 Independent Laboratories
5.9.3 Physician Office Laboratories
5.10 Global Laboratory Information System Market Breakup by Region
5.10.1 North America
126.96.36.199 United States of America
188.8.131.52 United Kingdom
5.10.3 Asia Pacific
5.10.4 Latin America
5.10.5 Middle East & Africa
184.108.40.206 Saudi Arabia
220.127.116.11 United Arab Emirates
18.104.22.168 South Africa
5.11 Global Laboratory Information System Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
5.11.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
5.11.3 Asia Pacific
5.11.4 Latin America
5.11.5 Middle East & Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
6 SWOT Analysis
7 Porter’s Five Forces Analysis
7.2 Buyer’s Power
7.3 Supplier’s Power
7.4 New Entrants
7.5 Degree of Rivalry
8 Key Players & Company Profiles
8.1 Orchard Software Corporation
8.2 Sunquest Information Systems, Inc.
8.3 Cerner Corporation (NASDAQ: CERN)
8.4 Computer Programs and Systems, Inc. (NASDAQ: CPSI)
8.5 CompuGroup Medical AG
8.6 Meditech (Medical Information Technology, Inc.)
8.7 SCC Soft Computer
8.8 Epic Systems Corporation
8.9 Comp Pro Med Inc.
9 Events and Developments
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