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Global Laboratory Information System Market Report and Forecast 2023-2031

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    Report

  • 140 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5786943
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.

Laboratory Information System Market: Introduction

The global laboratory information system (LIS) market is a growing sector within the healthcare industry that is aimed at managing and maintaining laboratory operations and data. A laboratory information system (LIS) is a software system designed to manage, store, and analyse information generated in the medical laboratory, including patient and specimen data, test results, and laboratory workflows.

The increasing demand for accurate and efficient diagnostic testing, along with the need for automation and standardization of laboratory workflows, is driving the growth of the LIS market. The use of LIS is also becoming increasingly important for compliance with regulatory requirements and accreditation standards.

North America is expected to dominate the global LIS market due to the high adoption rate of healthcare IT solutions in the region, along with the presence of a large number of healthcare IT companies. However, the Asia Pacific region is expected to witness the fastest growth due to the increasing adoption of LIS in emerging economies such as India and China.

Laboratory Information System: Applications and Uses

Laboratory Information Systems (LIS) have a wide range of applications and uses in the healthcare industry. Some of the key applications and uses of LIS are:
  • Sample Management: LIS can be used to manage sample collection, tracking, and identification, reducing the risk of errors and improving the accuracy and reliability of test results
  • Workflow Management: LIS can automate laboratory workflows, including order management, specimen processing, and result reporting, reducing turnaround times and improving laboratory efficiency
  • Quality Control: LIS can help to standardize laboratory procedures, monitor test performance, and ensure compliance with regulatory requirements and accreditation standards
  • Data Management: LIS can store and manage large volumes of laboratory data, including patient and test information, facilitating data analysis and decision-making
  • Integration: LIS can integrate with other healthcare IT systems, such as electronic medical records (EMRs), to improve the continuity of patient care and ensure accurate and complete documentation of laboratory results
  • Research and Development: LIS can be used to support research and development activities, providing access to large datasets and enabling data mining and analysis
  • Billing and Revenue Cycle Management: LIS can help to automate the billing and revenue cycle management processes, reducing errors and improving cash flow
Overall, LIS play a critical role in modern healthcare, helping to improve the efficiency, accuracy, and quality of laboratory testing and patient care.

Global Laboratory Information System Market Segmentations

Market Breakup by Component

  • Services
  • Hardware

Market Breakup by Product

  • Standalone LIS
  • Integrated LIS

Market Breakup by Delivery Mode

  • On-Premises
  • Cloud Based

Market Breakup by End User

  • Hospital Laboratories
  • Independent Laboratories
  • Physician Office Laboratories
  • Others

Market segmentation by Region

North America

  • United States of America
  • Canada

Europe

  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • ASEAN
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Global Laboratory Information System Market Scenario

The global laboratory information system (LIS) market is expected to grow significantly over the coming years due to the increasing demand for laboratory automation, rising need for regulatory compliance, and the growing adoption of LIS in emerging economies.

The growing prevalence of chronic diseases, such as cancer and diabetes, is also driving the demand for laboratory testing and driving the growth of the LIS market. Additionally, the increasing adoption of cloud-based LIS solutions, advancements in healthcare IT infrastructure, and the growing trend towards personalized medicine are also contributing to the growth of the LIS market.

Geographically, North America and Europe are currently the largest markets for LIS due to the high healthcare spending, the presence of well-established healthcare infrastructure, and the strong regulatory environment. However, the Asia Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing investments in healthcare infrastructure, the rising prevalence of chronic diseases, and the growing demand for healthcare IT solutions in the region.

Overall, the global LIS market is expected to continue to grow in the coming years, driven by technological advancements, increasing demand for laboratory automation, and the growing need for regulatory compliance in the healthcare industry.

Key Players in the Global Laboratory Information System Market

The report gives an in-depth analysis of the key players involved in the global laboratory information system market. The companies included in the market are as follows:
  • 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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Frequently Asked Questions about the Global Laboratory Information System Market

What is the estimated value of the Global Laboratory Information System Market?

The Global Laboratory Information System Market was estimated to be valued at $2.09 Billion in 2023.

What is the growth rate of the Global Laboratory Information System Market?

The growth rate of the Global Laboratory Information System Market is 6.9%, with an estimated value of $3.59 Billion by 2031.

What is the forecasted size of the Global Laboratory Information System Market?

The Global Laboratory Information System Market is estimated to be worth $3.59 Billion by 2031.

Who are the key companies in the Global Laboratory Information System Market?

Key companies in the Global Laboratory Information System Market include 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. and American Soft Solutions Corp..

Table of Contents

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

Companies Mentioned

  • 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

Methodology

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