Laboratory Information System Market Size, Share, Analysis Report

Laboratory Information System Market Size By Product (Integrated LIS, Standalone LIS), By Component (Software, Services), By Delivery Mode (Cloud-based LIS, On-premise LIS), By Component (Software, Services, Hardware), By End User (Independent laboratories, Physician office laboratories, Hospital laboratories, Other end users), By Region (North America, Europe, Asia-Pacific, Rest of the World), Market Analysis Report, Forecast

The global Laboratory Information System market is expected to be around US$ 3.50 Billion by 2028, at CAGR of about 6.67% during the forecast period.

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MARKET SNAPSHOT

Major Players

  • Schuyler House
  • Comp Pro Med, Inc.
  • EPIC Systems Corporation
  • SCC Soft Computer
  • Meditech
  • Study period:

    2023-2028

    Base Year:

    2022

    CAGR:

    6.67%

    Fastest Growing Market:

    APAC

    Largest Market:

    North America

    REPORT DESCRIPTION

    The global Laboratory Information System market is expected to be around US$ 3.50 Billion by 2028, at CAGR of about 6.67% during the forecast period.

    Laboratory Information System is mentioned to a set of programs and hardware, that are part of a combined system intended for healthcare information. The digitally stowed information related to medical and industrial laboratories, with clinical and analytical laboratories. This data is shareable across different healthcare domains. A LIS is an information system that is founded on interfaces that include analytical instruments and agrees users to store, obtain, manage, retrieve, and record laboratory data. The information providing by LIS is then used in prevention, diagnosis, management, and treatment of disease. Its performances as an indicator of individual and population health. As the amount of data composed and processed during testing is voluminous, the need for automatic solutions has improved. The advent of information technology has aided translate this endeavor into reality, dropping processing time and delivering timely test results. Several on-premise and cloud-based solutions are being deployed across various settings.

    Laboratory automation has made important paces in the field of drug research & discovery, test results management and assay development amongst other functions. In adding, IT-enabled tools have assisted laboratory professionals interrelate with other experts and also undertake various professional development courses to recover laboratory practices.

    The global Laboratory Information System market is segregated on the basis of Product as Integrated LIS and Standalone LIS. Based on Component the global Laboratory Information System market is segmented in Software and Services. Based on Delivery Mode the global Laboratory Information System market is segmented in Cloud-based LIS and On-premise LIS.

    Based on Component, the global Laboratory Information System market is segmented in Software, Services, and Hardware. The report also bifurcates the global Laboratory Information System market based on End User in Independent laboratories, Physician office laboratories, Hospital laboratories, and Other end users.

    The global Laboratory Information System market report provides geographic analysis covering regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The Laboratory Information System market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

    Competitive Rivalry

    Schuyler House, Comp Pro Med, Inc., EPIC Systems Corporation, SCC Soft Computer, Meditech, Compugroup Medical AG, Computer Programs and Systems, Inc., Cerner Corporation, Sunquest Information Systems, Inc, Orchard Software Corporation, and others are among the major players in the global Laboratory Information System market. The companies are involved in several growth and expansion strategies to gain a competitive advantage. Industry participants also follow value chain integration with business operations in multiple stages of the value chain.

    The Laboratory Information System Market has been segmented as below:

    Laboratory Information System Market, By Product

    • Integrated LIS
    • Standalone LIS

    Laboratory Information System Market, By Component

    • Software
    • Services

    Laboratory Information System Market, By Delivery Mode

    • Cloud-based LIS
    • On-premise LIS

    Laboratory Information System Market, By Component

    • Software
    • Services
    • Hardware

    Laboratory Information System Market, By End User

    • Independent laboratories
    • Physician office laboratories
    • Hospital laboratories
    • Other end users

    Laboratory Information System Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Laboratory Information System Market, By Company

    • Schuyler House
    • Comp Pro Med, Inc.
    • EPIC Systems Corporation
    • SCC Soft Computer
    • Meditech
    • Compugroup Medical AG
    • Computer Programs and Systems, Inc.
    • Cerner Corporation
    • Sunquest Information Systems, Inc
    • Orchard Software Corporation

    The report covers:

    • Global Laboratory Information System market sizes from 2022 to 2028, along with CAGR for 2023-2028
    • Market size comparison for 2022 vs 2028, with actual data for 2022, estimates for 2023 and forecast from 2024 to 2028
    • Global Laboratory Information System market trends, covering comprehensive range of consumer trends & manufacturer trends
    • Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Laboratory Information System market
    • Major market opportunities and challenges in forecast timeframe to be focused
    • Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
    • Comprehensive company profiles of the key industry players

    Report Scope:

    The global Laboratory Information System market report scope includes detailed study covering underlying factors influencing the industry trends.

    The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies.

    The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Laboratory Information System market share. Major industry players with significant revenue share include Schuyler House, Comp Pro Med, Inc., EPIC Systems Corporation, SCC Soft Computer, Meditech, Compugroup Medical AG, Computer Programs and Systems, Inc., Cerner Corporation, Sunquest Information Systems, Inc, Orchard Software Corporation, and others.

    Reasons to Buy this Report:

    • Gain detailed insights on the Laboratory Information System industry trends
    • Find complete analysis on the market status
    • Identify the Laboratory Information System market opportunities and growth segments
    • Analyse competitive dynamics by evaluating business segments & product portfolios
    • Facilitate strategy planning and industry dynamics to enhance decision making

    Some of the recent developments in Laboratory Information System Market are as follows:

    Orchard Software Corporation

    • 06-2020: Orchard Software has declared the availability of its COVID-19 university testing software solution, intended to support universities bring their students and faculty back to school safely.

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    1. Introduction
        1.1 Key Insights
        1.2 Report Overview
        1.3 Markets Covered
        1.4 Stakeholders

    2. Research Methodology
        2.1 Research Scope
        2.2 Market Research Process
        2.3 Research Data Analysis
            2.4.1 Secondary Research
            2.4.2 Primary Research
            2.4.3 Models for Estimation
        2.5 Market Size Estimation
            2.5.1 Bottom-Up Approach – Segmental Market Analysis
            2.5.2 Top-Down Approach – Parent Market Analysis

    3. Executive Summary

    4. Market Overview
        4.1 Introduction
            4.2.1 Drivers
            4.2.2 Restraints
            4.2.3 Opportunities
            4.2.4 Challenges
        4.2 Porter’s Five Force Analysis

    5. Laboratory Information System Market, By Product
        5.1 Introduction
        5.2 Integrated LIS
            5.2.1 Market Overview
            5.2.2 Market Size and Forecast
        5.3 Standalone LIS
            5.3.1 Market Overview
            5.3.2 Market Size and Forecast

    6. Laboratory Information System Market, By Component
        6.1 Introduction
        6.2 Software
            6.2.1 Market Overview
            6.2.2 Market Size and Forecast
        6.3 Services
            6.3.1 Market Overview
            6.3.2 Market Size and Forecast

    7. Laboratory Information System Market, By Delivery Mode
        7.1 Introduction
        7.2 Cloud-based LIS
            7.2.1 Market Overview
            7.2.2 Market Size and Forecast
        7.3 On-premise LIS
            7.3.1 Market Overview
            7.3.2 Market Size and Forecast

    8. Laboratory Information System Market, By Component
        8.1 Introduction
        8.2 Software
            8.2.1 Market Overview
            8.2.2 Market Size and Forecast
        8.3 Services
            8.3.1 Market Overview
            8.3.2 Market Size and Forecast
        8.4 Hardware
            8.4.1 Market Overview
            8.4.2 Market Size and Forecast

    9. Laboratory Information System Market, By End User
        9.1 Introduction
        9.2 Independent laboratories
            9.2.1 Market Overview
            9.2.2 Market Size and Forecast
        9.3 Physician office laboratories
            9.3.1 Market Overview
            9.3.2 Market Size and Forecast
        9.4 Hospital laboratories
            9.4.1 Market Overview
            9.4.2 Market Size and Forecast
        9.5 Other end users
            9.5.1 Market Overview
            9.5.2 Market Size and Forecast

    10. Laboratory Information System Market, By Geography
        10.1 Introduction
        10.2 North America
            10.2.1 North America Laboratory Information System, By Product
            10.2.2 North America Laboratory Information System, By Component
            10.2.3 North America Laboratory Information System, By Delivery Mode
            10.2.4 North America Laboratory Information System, By Component
            10.2.5 North America Laboratory Information System, By End User
        10.3 Europe
            10.3.1 Europe Laboratory Information System, By Product
            10.3.2 Europe Laboratory Information System, By Component
            10.3.3 Europe Laboratory Information System, By Delivery Mode
            10.3.4 Europe Laboratory Information System, By Component
            10.3.5 Europe Laboratory Information System, By End User
        10.4 Asia-Pacific
            10.4.1 Asia-Pacific Laboratory Information System, By Product
            10.4.2 Asia-Pacific Laboratory Information System, By Component
            10.4.3 Asia-Pacific Laboratory Information System, By Delivery Mode
            10.4.4 Asia-Pacific Laboratory Information System, By Component
            10.4.5 Asia-Pacific Laboratory Information System, By End User
        10.5 Rest of the World
            10.5.1 Rest of the World Laboratory Information System, By Product
            10.5.2 Rest of the World Laboratory Information System, By Component
            10.5.3 Rest of the World Laboratory Information System, By Delivery Mode
            10.5.4 Rest of the World Laboratory Information System, By Component
            10.5.5 Rest of the World Laboratory Information System, By End User

    11. Competitive Insights
        11.1 Key Insights
        11.2 Company Market Share Analysis
        11.3 Strategic Outlook
            11.3.1 Mergers & Acquisitions
            11.3.2 New Product Development
            11.3.3 Portfolio/Production Capacity Expansions
            11.3.4 Joint Ventures, Collaborations, Partnerships & Agreements 
            11.3.5 Others

    12. Company Profiles
        12.1 Schuyler House
            12.1.1 Company Overview
            12.1.2 Product/Service Landscape
            12.1.3 Financial Overview
            12.1.4 Recent Developments
        12.2 Comp Pro Med, Inc.
            12.2.1 Company Overview
            12.2.2 Product/Service Landscape
            12.2.3 Financial Overview
            12.2.4 Recent Developments
        12.3 EPIC Systems Corporation
            12.3.1 Company Overview
            12.3.2 Product/Service Landscape
            12.3.3 Financial Overview
            12.3.4 Recent Developments
        12.4 SCC Soft Computer
            12.4.1 Company Overview
            12.4.2 Product/Service Landscape
            12.4.3 Financial Overview
            12.4.4 Recent Developments
        12.5 Meditech
            12.5.1 Company Overview
            12.5.2 Product/Service Landscape
            12.5.3 Financial Overview
            12.5.4 Recent Developments
        12.6 Compugroup Medical AG
            12.6.1 Company Overview
            12.6.2 Product/Service Landscape
            12.6.3 Financial Overview
            12.6.4 Recent Developments
        12.7 Computer Programs and Systems, Inc.
            12.7.1 Company Overview
            12.7.2 Product/Service Landscape
            12.7.3 Financial Overview
            12.7.4 Recent Developments
        12.8 Cerner Corporation
            12.8.1 Company Overview
            12.8.2 Product/Service Landscape
            12.8.3 Financial Overview
            12.8.4 Recent Developments
        12.9 Sunquest Information Systems, Inc
            12.9.1 Company Overview
            12.9.2 Product/Service Landscape
            12.9.3 Financial Overview
            12.9.4 Recent Developments
        12.10 Orchard Software Corporation
            12.10.1 Company Overview
            12.10.2 Product/Service Landscape
            12.10.3 Financial Overview
            12.10.4 Recent Developments

    The Laboratory Information System Market has been segmented as below:

    Laboratory Information System Market, By Product

    • Integrated LIS
    • Standalone LIS

    Laboratory Information System Market, By Component

    • Software
    • Services

    Laboratory Information System Market, By Delivery Mode

    • Cloud-based LIS
    • On-premise LIS

    Laboratory Information System Market, By Component

    • Software
    • Services
    • Hardware

    Laboratory Information System Market, By End User

    • Independent laboratories
    • Physician office laboratories
    • Hospital laboratories
    • Other end users

    Laboratory Information System Market, By Region

    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World

    Laboratory Information System Market, By Company

    • Schuyler House
    • Comp Pro Med, Inc.
    • EPIC Systems Corporation
    • SCC Soft Computer
    • Meditech
    • Compugroup Medical AG
    • Computer Programs and Systems, Inc.
    • Cerner Corporation
    • Sunquest Information Systems, Inc
    • Orchard Software Corporation

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    The market is expected to grow at a CAGR of 6.67% during the study period (2023-2028)
    The global Laboratory Information System Market Expected to Exceed more than US$ 3.50 Billion by 2028.
    The segment included in the Laboratory Information System Market is Product, Component, Delivery Mode, End User and Region.
    Some key players operating in the Laboratory Information System Market include Schuyler House, Comp Pro Med, Inc., EPIC Systems Corporation, SCC Soft Computer, Meditech, Compugroup Medical AG
    We can offer several formats of the market research reports including, • PDF • PPT • Spreadsheet/ Workbook

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