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Global Laboratory Information System Market Growth, Size, Analysis, Research Report, Forecast: 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; 2023-2031
Global Laboratory Information System Market Outlook
The global laboratory information system market attained a value of about USD 1.96 billion in 2022, 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 2031, likely to grow at a CAGR of 6.98% during the forecast period of 2023-2031.
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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.
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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.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2031 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Component |
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| Breakup by Product |
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| Breakup by Delivery Mode |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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
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 (2016-2022)
3.2 Global Laboratory Information System Market Forecast Value (2023-2031)
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 2022, 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 2023 and 2031.
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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