Global Laboratory Information Systems (LIS) Market Size, Share, Value, And Competitive Landscape 2021-2026

Report Description
Introduction
Laboratory information system (LIS) is a comprehensive information system developed and configured to process, store and manage information pertaining to industrial and medical laboratories which include clinical and analytical laboratories. LIS plays an important role in streamlining the process and generating high-quality data to support effective clinical decisions. The LIS provides information that helps hospitals in diagnosis, prevention, management and treatment of diseases, and acts as an indicator for public health. The LIS has now emerged as a necessity for the laboratories of both small and large diagnostic and drug companies. Better management of data and incorporation of collaborative technological tools in their day-to-day operations, have become crucial for both clinical and analytical laboratories.

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LIS, used in both large and small scale companies, provide a platform to automatically obtain, store and archive information, track samples, and generate reports, efficiently. The LIS products vary widely in terms of cost, sophistication, and industrial focus. As industrial and medical laboratories are diverse with different requirements, there is no standard information system designed for laboratories. Therefore, an LIS is customized, developed, and configured according to the unique requirements of each laboratory.
There are various applications of LIS including drug delivery and clinical diagnostics. The LIS, in clinical diagnostics, include anatomic pathology systems, microbiology, genetic and molecular diagnostics support systems, blood bank systems, and billing or accounts receivable or revenue cycle management (RCM) systems.

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The major components of LIS are hardware, software, and services. Hardware mainly consists of servers, data input, output and storage devices. Software includes the interface of integrated LIS which helps in managing and analyzing data efficiently. The key delivery modes used for LIS are web-based, on-premise, mobile solutions, and cloud-based technology.

Key Players

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The leading market players in the global LIS market are Cerner Corporation (U.S.), Eclipsys Corporation (U.S.), LabVantage Solutions Inc (U.S.), LabWare Inc (U.S.), McKesson Corporation (U.S.), Medical Information Technology Inc. (Meditech) (U.S.), Merge Healthcare Inc (U.S.), STARLIMS Corporation (Abbott Laboratories) (U.S.), Sunquest Corporation (Roper Industries), Thermo Fisher Scientific Inc. (U.S.), and others.

STUDY OBJECTIVES OF LABORATORY INFORMATION SYSTEMS (LIS) MARKET DEVELOPMENT AND FORECAST TO 2020
Ø    To provide insights about factors, influencing and affecting the market growth.
Ø    To provide historically and forecast revenue of the market segments and sub-segments with respect to regional markets and their countries.
Ø    To provide historically and forecast revenue of the market segments based on products, and sub-segment for global LIS market.
Ø    To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market.
Ø    To provide economic factors that influence the global LIS market.

Target Audience
•    Pharmaceutical companies
•    Research Laboratories
•    Hospitals & Clinics
•    Service Suppliers
•    Potential Investors
•    Key executive (CEO and COO) and strategy growth manager

Key Findings
•    The global LIS market is expected to grow at a CAGR of 7.3% between 2015 and 2020, driven by growth in both developed and emerging markets.
•    Clinical application will be one of the driving factors of numbers in the global LIS market.
•    North America and Europe, contributed more than 75% of the global total market size in 2014. Emerging markets such as China and India are expected to generate a significant demand for LIS during the period, 2015-2020.
•    Software accounts for most of the global LIS market in terms of components.
•    Based on delivery mode, web-based solutions are expected to drive growth better than on-premise technologies. Implementation of cloud-based solution will help the LIS market to grow further in forthcoming years.

Regional and Country Analysis of laboratory information systems (LIS) market development and forecast to 2020

 

Table of Content

Chapter 1. Research Scope & Methodology 11
1.1 Market Definition 11
1.2 Market Breakdown by Application, Component and Delivery 11
1.3 Market Breakdown by Geography 12
1.4 Research Methodology and Sources 13
Chapter 2. Executive Summary 14
2.1 Key Findings 14
2.2 Research Summary 14
Chapter 3. Market Outlook 17
3.1 Introduction 17
3.1.1 Laboratory Information System Process 18
3.2 Trends in the Market 19
3.2.1 Usage of Advanced Diagnostics Techniques and Tools 19
3.2.2 Adoption of Mobile Based Solutions and Application 19
3.2.3 Development of New and Innovative Products 20
3.3 Opportunities in the Market 20
3.3.1 Increasing Demand in Personalized Medical Care 20
3.3.2 Untapped Market in Emerging Economies 21
3.3.3 Growth of Remote Patient Monitoring 21
3.3.4 Need of Integrated IT systems in Diagnostics and Medical Laboratories 22
3.4 Factors Driving the Market and Its Impact on Market Forecast 22
3.4.1 Need for Advanced Healthcare Information System 22
3.4.2 Growth in Molecular Diagnostics 23
3.4.3 Cloud computing in LIS 23
3.4.4 Need for Increased Lab Productivity 23
3.4.5 Cost Improvement Measures of Hospitals 25
3.4.6 Compliance with government regulations and initiatives 25
3.4.7 Increasing Investment from Healthcare IT players 26
3.4.8 Large Geriatric Population Base in Emerging Economies 26
3.4.9 Impact Analysis of Drivers on the Market Forecast 27
3.5 Factors Hindering the Market and Its Impact on Market Forecast 27
3.5.1 Lack of Skilled Professionals 27
3.5.2 Difficulty in Integration of Information with Laboratory Equipment 28
3.5.3 Risk Related to Confidentiality and Managing Information 28
3.5.4 High Capital Expenditure and Maintenance Requirement 28
3.5.5 Impact Analysis of Restraints on Market Forecast 29
Chapter 4. Global Market Size and Forecasts (2011 – 2020) 30
4.1 Global Market Breakdown by Application 31
4.2 Global Market Breakdown by Components 32
4.3 Global Market Breakdown by Delivery 33
4.4 Global Market Breakdown by Region 34
Chapter 5. Global Market Breakdown by Application 35
5.1 Clinical LIS Market 35
5.2 Drug Discovery LIS Market 37
5.3 Industrial LIS Market 38
Chapter 6. Global Market Breakdown by Components 40
6.1 Software in LIS Market 41
6.2 Hardware in LIS Market 42
6.3 Services in LIS Market 43
Chapter 7. Global Market Breakdown by Delivery 45
7.1 Web-based LIS Market 46
7.2 On-premise based LIS Market 47
7.3 Cloud-based LIS Market 49
Chapter 8. Global Market Breakdown by Region 51
8.1 North America LIS Market Breakdown by Country 52
8.2 Europe LIS Market Breakdown by Country 54
8.3 Asia-Pacific LIS Market Breakdown by Country 57
8.4 Rest of the World (RoW) LIS Market 59
Chapter 9. Competitive Analysis & Market Share 61
9.1 Porter’s Five Forces of Competitive Position Analysis 61
9.1.1 Bargaining Power of Buyers 61
9.1.2 Bargaining Power of Suppliers 62
9.1.3 Threat of New Entrants 62
9.1.4 Intensity of Rivalry 62
9.1.5 Threat of Substitutes 63
9.2 Merger and Acquisition (M&A) Activities in the Market 63
9.2.1 Cerner Acquisition of Siemens Health Services (Aug 2014) 63
9.2.2 Accelrys Acquisition of Vialis AG (Jan 2013) 63
9.2.3 Roper Industries Acquisition of Sunquest (Aug 2012) 64
9.2.4 Abbott Acquisition of STARLIMS Australia (Jun 2012) 64
9.2.5 Sunquest Acquisition of PowerPath (Oct 2011) 64
9.2.6 Allscripts Acquisition of Eclipsys (Jun 2010) 65
9.2.7 Abbott Acquisition of STARLIMS (Dec 2009) 65
9.3 Competitive Positioning of Key Competitors and Market Share Analysis 65
Chapter 10. Company Profiles 67
10.1 Cerner Corporation 67
10.1.1 Business Overview 67
10.1.2 Products and Services 67
10.2 Recent Developments 68
10.2.1 Key P&L Metrics 69
10.3 Eclipsys Corporation (Allscripts Healthcare Solutions) 69
10.3.1 Business Overview 69
10.3.2 Products and Services 70
10.3.3 Key P&L Metrics 70
10.4 LabVantage Solutions Inc 70
10.4.1 Business Overview 70
10.4.2 Products and Services 71
10.4.3 Recent Developments 71
10.4.4 Key P&L Metrics 72
10.5 LabWare Inc 72
10.5.1 Business Overview 72
10.5.2 Products and Services 73
10.5.3 Recent Developments 73
10.5.4 Key P&L Metrics 73
10.6 McKesson Corporation 74
10.6.1 Business Overview 74
10.6.2 Products and Services 74
10.6.3 Recent Developments 75
10.6.4 Key P&L Metrics 75
10.7 Medical Information Technology Inc. (Meditech) 76
10.7.1 Business Overview 76
10.7.2 Products and Services 76
10.7.3 Recent Developments 77
10.7.4 Key P&L Metrics 77
10.8 Merge Healthcare Inc 77
10.8.1 Business Overview 77
10.8.2 Products and Services 78
10.8.3 Recent Developments 78
10.8.4 Key P&L Metrics 79
10.9 STARLIMS Corporation (Abbott Laboratories) 79
10.9.1 Business Overview 79
10.9.2 Products and Services 80
10.9.3 Recent Developments 80
10.9.4 Key P&L Metrics 81
10.10 Sunquest Corporation (Roper Industries) 81
10.10.1 Business Overview 81
10.10.2 Products and Services 81
10.10.3 Recent Developments 82
10.10.4 Key P&L Metrics 82
10.11 Thermo Fisher Scientific Inc 83
10.11.1 Business Overview 83
10.11.2 Products and Services 83
10.11.3 Recent Developments 84
10.11.4 Key P&L Metrics 84
Chapter 11. Appendix 85
11.1 List of Abbreviations 85

List of Tables
TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION 13
TABLE 2 GLOBAL LABORATORY INFORMATION SYSTEMS MARKET SNAPSHOT (2014 AND 2020) 15
TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS 27
TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS 29
TABLE 5 GLOBAL LIS MARKET BREAKDOWN BY APPLICATION, $M (2011 – 2014) 35
TABLE 6 GLOBAL LIS MARKET BREAKDOWN BY APPLICATION, $M (2015 – 2020) 35
TABLE 7 CLINICAL LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 36
TABLE 8 CLINICAL LIS MARKETBREAKDOWN BY REGION, $M (2015 – 2020) 36
TABLE 9 DRUG DISCOVERY LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 37
TABLE 10 DRUG DISCOVERY LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 38
TABLE 11 INDUSTRIAL LIS MARKET BY BREAKDOWN REGION, $M (2011 – 2014) 38
TABLE 12 INDUSTRIAL LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 39
TABLE 13 GLOBAL LIS MARKET BREAKDOWN BY COMPONENTS, $M (2011 – 2014) 40
TABLE 14 GLOBAL LIS MARKETBREAKDOWN BY COMPONENTS, $M (2015 – 2020) 40
TABLE 15 SOFTWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 41
TABLE 16 SOFTWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 42
TABLE 17 HARDWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 42
TABLE 18 HARDWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 43
TABLE 19 SERVICES IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 44
TABLE 20 SERVICES IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 44
TABLE 21 GLOBAL LIS MARKET BREAKDOWN BY DELIVERY, $M (2011 – 2014) 45
TABLE 22 GLOBAL LIS MARKETBREAKDOWN BY DELIVERY, $M (2015 – 2020) 45
TABLE 23 WEB-BASED LIS MARKET BY REGION, $M (2011 – 2014) 46
TABLE 24 WEB-BASED LIS MARKET BY REGION, $M (2015 – 2020) 47
TABLE 25 ON-PREMISE BASED LIS MARKET BY REGION, $M (2011 – 2014) 48
TABLE 26 ON-PREMISE BASED LIS MARKET BY REGION, $M (2015 – 2020) 48
TABLE 27 CLOUD-BASED LIS MARKET BY REGION, $M (2011 – 2014) 49
TABLE 28 CLOUD-BASED LIS MARKET BY REGION, $M (2015 – 2020) 50

……Continued

 

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