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Global Laboratory Information System Market: By Component: Services, Software; By Product: Standalone LIS, Integrated LIS; By Delivery Mode: On-Premise, Cloud-Based; By End Use; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Laboratory Information System Market Outlook

The global laboratory information system market stood at a value of nearly USD 1.84 billion in 2021. The industry is projected to grow at a CAGR of 6.9% over the forecast period of 2023-2028.

 

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 By End Use

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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.

 

Global Laboratory Information System Market By Region

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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.

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 (NASDAQ: CERN)
  • Computer Programs and Systems, Inc. 
  • CompuGroup Medical AG 
  • Medical Information Technology, Inc.
  • SCC Soft Computer 
  • Epic Systems Corporation 
  • Comp Pro Med Inc. 
  • Others

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.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Component, Product, Delivery Mode, End use, Region
Breakup by Component Services, Software
Breakup by Product Standalone LIS, Integrated LIS
Breakup by Delivery Mode On-Premise, Cloud-Based
Breakup by End use Hospital Laboratories, Independent Laboratories, Physician Office Laboratories, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Orchard Software Corporation, Sunquest Information Systems, Inc., Cerner Corporation (NASDAQ: CERN), Computer Programs and Systems, Inc. (NASDAQ: CPSI), CompuGroup Medical AG, Medical Information Technology, Inc., SCC Soft Computer, Epic Systems Corporation, Comp Pro Med Inc., Others
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.

 

*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
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Laboratory Information System Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Laboratory Information System Historical Market (2018-2022) 
    8.3    Global Laboratory Information System Market Forecast (2023-2028)
    8.4    Global Laboratory Information System Market by Component
        8.4.1    Services
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Software
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Laboratory Information System Market by Product
        8.5.1    Standalone LIS
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Integrated LIS
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Laboratory Information System Market by Delivery Mode
        8.6.1    On-Premise
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Cloud-Based
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
    8.7    Global Laboratory Information System Market by End Use
        8.7.1    Hospital Laboratories
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Independent Laboratories
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Physician Office Laboratories
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Others
    8.8    Global Laboratory Information System Market by Region
        8.8.1    Market Share
            8.8.1.1    North America
            8.8.1.2    Europe
            8.8.1.3    Asia Pacific
            8.8.1.4    Latin America
            8.8.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2018-2022)
        9.1.2    Forecast Trend (2023-2028)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2018-2022)
        9.2.2    Forecast Trend (2023-2028)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2018-2022)
        9.3.2    Forecast Trend (2023-2028)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2018-2022)
        9.4.2    Forecast Trend (2023-2028)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2018-2022)
        9.5.2    Forecast Trend (2023-2028)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    South Africa
            9.5.3.4    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Orchard Software Corporation
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Sunquest Information Systems, Inc.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Cerner Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Computer Programs and Systems, Inc.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    CompuGroup Medical SE and Co. KGaA
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Medical Information Technology, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    SCC Soft Computer
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Epic Systems Corporation
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Comp Pro Med Inc.
            12.2.9.1    Company Overview
            12.2.9.2    Product Portfolio
            12.2.9.3    Demographic Reach and Achievements
            12.2.9.4    Certifications
        12.2.10    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Laboratory Information System Market: Key Industry Highlights, 2018 and 2028
2.    Global Laboratory Information System Historical Market: Breakup by Component (USD Million), 2018-2022
3.    Global Laboratory Information System Market Forecast: Breakup by Component (USD Million), 2023-2028
4.    Global Laboratory Information System Historical Market: Breakup by Product (USD Million), 2018-2022
5.    Global Laboratory Information System Market Forecast: Breakup by Product (USD Million), 2023-2028
6.    Global Laboratory Information System Historical Market: Breakup by Delivery Mode (USD Million), 2018-2022
7.    Global Laboratory Information System Market Forecast: Breakup by Delivery Mode (USD Million), 2023-2028
8.    Global Laboratory Information System Historical Market: Breakup by End Use (USD Million), 2018-2022
9.    Global Laboratory Information System Market Forecast: Breakup by End Use (USD Million), 2023-2028
10.    Global Laboratory Information System Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Laboratory Information System Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Laboratory Information System Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Laboratory Information System Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Laboratory Information System Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Laboratory Information System Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Laboratory Information System Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Laboratory Information System Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Laboratory Information System Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Laboratory Information System Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Laboratory Information System Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Laboratory Information System Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Laboratory Information System Market Structure

Key Questions Answered in the Report

In 2021, the global laboratory information system market attained a value of nearly USD 1.84 billion.

The market is projected to grow at a CAGR of 6.9% between 2022 and 2027.

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.

Analyst Review

The global laboratory information system market attained a value of USD 1.84 billion in 2021, driven by the growing R&D activities and technological advancements. Aided by the increased adoption of cloud-based LIS, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 6.9%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on components, the laboratory information system industry can be segmented into services and software. On the basis of products, the industry is bifurcated into standalone LIS and integrated LIS. On the basis of deployment modes, the industry is divided into on-premise and cloud-based. Based on end use, the industry is categorised into hospital laboratories, independent laboratories, and physician office laboratories, among others. The major regional markets for laboratory information system are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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, Comp Pro Med Inc., and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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