global laboratory information system market, share, size, trend, analysis and industry forecast

GLOBAL INDUSTRY INSIGHT: Laboratory Information System Market Development and Demand Forecast to

2020

© P&S Market Research. All rights reserved 2

Global Laboratory Information System Market Development and Demand

Forecast to 2020

P&S Market Research releases a new research report with market overview, trends, DRO analysis, market

segmentation, market size, share, forecast, porter analysis, recent developments, competitive scenario and top

competitor profiles in:

Global Industry Insight: Laboratory Information System Market Development and Demand Forecast to 2020

The laboratory information system (“LIS”) industry includes set of programs and hardware, which are part

of an integrated system designed for healthcare information. It is an information system intended for

capturing complex data and information related to medical and industrial laboratories, including clinical and

analytical laboratories. The information system interfaces with analytical instruments and allow users to

obtain, store, manage, retrieve and record laboratory data. The information provided by LIS is then used in

diagnosis, prevention, management and treatment of diseases. It acts as an indicator for individual and

population health.

Explore more about this Report: https://www.psmarketresearch.com/market-analysis/laboratory-information-system

As industrial and medical laboratories are diverse with different requirements; hence, there is no standard

information system designed for laboratories. Therefore, a laboratory information system is customized,

developed, and configured according to the requirements of a laboratory.

Key findings of the global LIS market:

• The global LIS market is expected to grow at a CAGR of 7.3% between 2015 and 2020, driven by

growth from both developed and emerging markets.

• Clinical application will drive the majority of the growth in the global LIS market.

• North America and Europe together contribute more than 75% of the total market size in 2014.

Emerging markets such as China and India are expected to generate significant demand for LIS

during 2015-2020.

• Software accounts for the majority of the global LIS market in terms of components.

• In respect to delivery mode, web-based solutions are expected to drive growth than on-premise

technology. Implementation of cloud based solution will help the LIS market to grow further in

forthcoming years.

https://www.psmarketresearch.com/market-analysis/laboratory-information-system




Forecast to 2020

Driven by technological improvement in healthcare services across the globe, the market for LIS is

expected to see moderate growth over the forthcoming years. The increasing need to manage large pool

of data in small and large diagnostic and medical laboratories will increase the demand for LIS. In addition,

it is estimated that two third of laboratory operations take place without the help of information technology

which results in higher cost and less productivity. A proper laboratory information management system can

reduce the cost of production and increase efficiency and productivity.

There are various other factors encouraging the growth of market, such as significant investments from

healthcare IT companies and surge in number of hospitals realizing the importance of LIS. Rising need for

integrated healthcare information systems, increase in healthcare initiatives by governments and

continuous investments by major healthcare players also significantly impact the growth of the market.

Request for Report Sample: https://www.psmarketresearch.com/enquiry-form.php?enqid=98&title=Report%20sample

Mobile devices such as smart phones and tablets play an important role in providing personalized health

solutions. Multi-functional personalized mobile information systems through smartphones and mobile

devices offer a range of information and communication services to both patients and clinicians. The use of

mobile devices also reduces the need for patients to visit hospitals or clinics every time they need a

diagnosis. Their ailments can be diagnosed or follow-up check-ups can be done using mobile devices.

Mobile and portable devices are gaining popularity for implementation of LIS.

The molecular diagnostics market has undergone significant change and new technologies promise to

yield product line extensions and machines for the point-of-care market as test automation expands. New

oncology tests along with other related tests are changing the patient care paradigm by providing critical

information to physicians, which will drive growth for the laboratory diagnostics and add to the need of LIS.

Cloud computing has gained popularity in technology sector and several large laboratories have already

adopted it or have funding in place. Cloud-based LIS are intended for hospitals and physicians who seek

to concentrate more on patient care improvement than on information management. Furthermore, cloud

computing enables organizations to scale up resources as and when needed and eliminate the need to

access IT resources far ahead of demand. Many diagnostic companies are increasing their investments for

https://www.psmarketresearch.com/enquiry-form.php?enqid=98&title=Report%20sample




Forecast to 2020

the development of new and advanced healthcare IT solutions. Large healthcare companies are

expanding their business in this segment.

The adoption of LIS in forthcoming years in emerging economies provides a huge growth potential for the

market. The growth will be driven by the growing focus of healthcare IT players and continuous

investments from both public and private sectors. Countries such as China and India, with large population

base, still lack primary healthcare facilities.

Buy this Report: https://www.psmarketresearch.com/market-analysis/laboratory-information-system

Medical professionals face problems such as lack of harmonization between the systems and the routine

operations of clinics and hospitals. In addition, lab technicians do not have the required know-how to make

appropriate decisions about the kind of LIS solution required for their labs. Also, laboratory consultants,

who help laboratories in buying the LIS, are not really skilled to do so as they lack adequate training.

Major Competitors: The global LIS market is currently fragmented in most countries, but few large

vendors hold significant market shares. However, many new players are entering the market and the

consolidation of small players with larger counterparts is shaping the vendor landscape. Competition is

getting intense and key players are trying to sustain themselves by improving their delivery models with

increased usage of technology. STARLIMS Corporation, Sunquest Corporation, McKesson, LabWare and

LabVantage are some of the leading market players offering LIS.

Report Coverage

• Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis

• Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market

• Uncovers potential demands in the market

• Porter analysis identifies competitive forces within the market

• Provides information on the historical and current market size and the future potential of the market

• Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable)





Forecast to 2020

• Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger & acquisitions

• Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market.

Request for Report Sample: https://www.psmarketresearch.com/enquiry-form.php?enqid=98&title=Report%20sample TABLE OF CONTENT Chapter 1 Research Scope and Methodology

1.1 Market Definition

1.2 Market Breakdown by Application, Component and Delivery

1.3 Market Breakdown by Geography

1.4 Research Methodology and Sources

Chapter 2 Executive Summary

2.1 Key Findings

2.2 Research Summary

Chapter 3 Market Outlook

3.1 Introduction

3.1.1 Laboratory information system process

3.2 Trends in the Market

3.2.1 Usage of advanced diagnostics techniques and tools

3.2.2 Adoption of mobile based solutions and application

3.2.3 Development of new and innovative products

3.3 Opportunities in the Market

3.3.1 Increasing demand in personalized medical care

3.3.2 Untapped market in emerging economies

3.3.3 Growth of remote patient monitoring

3.3.4 Need of integrated IT systems in diagnostics and medical laboratories

3.4 Factors Driving the Market and its Impact on Market Forecast

3.4.1 Need for advanced healthcare information system

3.4.2 Growth in molecular diagnostics

3.4.3 Cloud computing in LIS

3.4.4 Need for increased lab productivity





Forecast to 2020

3.4.5 Cost improvement measures of hospitals

3.4.6 Compliance with government regulations and initiatives

3.4.7 Increasing investment from healthcare IT players

3.4.8 Large geriatric population base in emerging economies

3.4.9 Impact analysis of drivers on the market forecast

3.5 Factors Hindering the Market and its Impact on Market Forecast

3.5.1 Lack of skilled professionals

3.5.2 Difficulty in integration of information with laboratory equipments

3.5.3 Risk related to confidentiality and managing information

3.5.4 High capital expenditure and maintenance requirement

3.5.5 Impact analysis of restraints on market forecast

Chapter 4 Global Market Size and Forecasts (2011 – 2020)

4.1 Global Market Breakdown by Application

4.2 Global Market Breakdown by Components

4.3 Global Market Breakdown by Delivery

4.4 Global Market Breakdown by Region

Chapter 5 Global Market Breakdown by Application

5.1 Clinical LIS Market

5.2 Drug Discovery LIS Market

5.3 Industrial LIS Market

Chapter 6 Global Market Breakdown by Components

6.1 Software in LIS Market

6.2 Hardware in LIS Market

6.3 Services in LIS Market

Chapter 7 Global Market Breakdown by Delivery

7.1 Web-based LIS Market

7.2 On-premise based LIS Market

7.3 Cloud-based LIS Market

Chapter 8 Global Market Breakdown by Region

8.1 North America LIS Market Breakdown by Country

8.2 Europe LIS Market Breakdown by Country

8.3 Asia-Pacific LIS Market Breakdown by Country

8.4 Rest of the World (RoW) LIS Market

Chapter 9 Competitive Analysis and Market Share

9.1 Porter's Five Forces of Competitive Position Analysis



Forecast to 2020

9.1.1 Bargaining Power of Buyers

9.1.2 Bargaining Power of Suppliers

9.1.3 Threat of New Entrants

9.1.4 Intensity of Rivalry

9.1.5 Threat of Substitutes

9.2 Merger and Acquisition (M&A) Activities in the Market

9.2.1 Cerner acquisition of Siemens Health Services (Aug 2014)

9.2.2 Accelrys acquisition of Vialis AG (Jan 2013)

9.2.3 Roper Industries acquisition of Sunquest (Aug 2012)

9.2.4 STARLIMS’ forward integration with the acquisition of distributors

9.2.5 Sunquest acquisition of PowerPath (Oct 2011)

9.2.6 Allscripts acquisition of Eclipsys (Jun 2010)

9.2.7 Abbott acquisition of STARLIMS (Dec 2009)

9.3 Competitive Positioning of Key Competitors and Market Share Analysis

Chapter 10 Company Profiles

10.1 Cerner Corporation

10.1.1 Business Overview

10.1.2 Products and Services

10.1.3 Recent Developments

10.1.4 Key P&L Metrics

10.2 Eclipsys Corporation (Allscripts Healthcare Solutions)




10.3 LabVantage Solutions Inc





10.4 LabWare Inc





10.5 McKesson Corporation



Forecast to 2020





10.6 Medical Information Technology Inc. (Meditech)





10.7 Merge Healthcare Inc





10.8 STARLIMS Corporation (Abbott Laboratories)





10.9 Sunquest Corporation (Roper Industries)


10.9.2 Productsand Services



10.10 Thermo Fisher Scientific Inc





Chapter 11 Appendix

11.1 List of Abbreviations

For other market research reports visit: https://www.psmarketresearch.com

https://www.psmarketresearch.com/



Forecast to 2020

Request for Report Sample: https://www.psmarketresearch.com/enquiry-form.php?enqid=98&title=Report%20sample LIST OF FIGURES FIG. 1 Process of laboratory information system

FIG. 2 Global LIS market, (2011 – 2014, $m)

FIG. 3 Global LIS market, (2015 – 2020, $m)

FIG. 4 Global LISs market share by application (2014)

FIG. 5 Global LIS market share by components (2014)

FIG. 6 Global LIS market share by delivery (2014)

FIG. 7 Global LIS market share by region (2014)

FIG. 8 North American LIS market share by country (2014)

FIG. 9 Europe LIS market share by Country (2014)

FIG. 10 Asia-Pacific LIS market share by country (2014)

FIG. 11 Porter’s five forces of competitive position analysis

FIG. 12 Competitive positioning of key competitors

FIG. 13 Global market share by company (2014)

LIST OF TABLES TABLE 1 Specific primary and secondary sources used for this publication

TABLE 2 Global Laboratory Information Systems market snapshot (2014 and 2020)

TABLE 3 Drivers for the market: Impact analysis

TABLE 4 Restraints for the market: Impact analysis

TABLE 5 Global LIS market breakdown by application, $m (2011 – 2014)

TABLE 6 Global LIS market breakdown by application, $m (2015 – 2020)

TABLE 7 Clinical LIS market breakdown by region, $m (2011 – 2014)

TABLE 8 Clinical LIS market breakdown by region, $m (2015 – 2020)

TABLE 9 Drug Discovery LIS market breakdown by region, $m (2011 – 2014)

TABLE 10 Drug Discovery LIS market breakdown by region, $m (2015 – 2020)

TABLE 11 Industrial LIS market by breakdown region, $m (2011 – 2014)

TABLE 12 Industrial LIS market breakdown by region, $m (2015 – 2020)

TABLE 13 Global LIS market breakdown by components, $m (2011 – 2014)

TABLE 14 Global LIS market breakdown by components, $m (2015 – 2020)

TABLE 15 Software in LIS market breakdown by region, $m (2011 – 2014)

TABLE 16 Software in LIS market breakdown by region, $m (2015 – 2020)

TABLE 17 Hardware in LIS market breakdown by region, $m (2011 – 2014)





Forecast to 2020

TABLE 18 Hardware in LIS market breakdown by region, $m (2015 – 2020)

TABLE 19 Services in LIS market breakdown by region, $m (2011 – 2014)

TABLE 20 Services in LIS market breakdown by region, $m (2015 – 2020)

TABLE 21 Global LIS market breakdown by delivery, $m (2011 – 2014)

TABLE 22 Global LIS market breakdown by delivery, $m (2015 – 2020)

TABLE 23 Web-based LIS market by region, $m (2011 – 2014)

TABLE 24 Web-based LIS market by region, $m (2015 – 2020)

TABLE 25 On-premise based LIS market by region, $m (2011 – 2014)

TABLE 26 On-premise based LIS market by region, $m (2015 – 2020)

TABLE 27 Cloud-based LIS market by region, $m (2011 – 2014)

TABLE 28 Cloud-based LIS market by region, $m (2015 – 2020)

TABLE 29 Global LIS market breakdown by region, $m (2011 – 2014)

TABLE 30 Global LIS market breakdown by region, $m (2015 – 2020)

TABLE 31 North American LIS market breakdown by country, $m (2011 – 2014)

TABLE 32 North American LIS market breakdown by country, $m (2015 – 2020)

TABLE 33 Europe LIS market breakdown by country, $m (2011 – 2014)

TABLE 34 Europe LIS market breakdown by country, $m (2015 – 2020)

TABLE 35 Asia-Pacific LIS market breakdown by country, $m (2011 – 2014)

TABLE 36 Asia-Pacific LIS market breakdown by country, $m (2015 – 2020)

TABLE 37 Cerner Corporation – Key Facts

TABLE 38 Cerner Corporation – Key P&L Metrics

TABLE 39 Eclipsys Corporation – Key Facts

TABLE 40 LabVantage Solutions Inc– Key Facts

TABLE 41 LabWare Inc– Key Facts

TABLE 42 McKesson Corporation – Key Facts

TABLE 43 McKesson Corporation – Key P&L Metrics

TABLE 44 Medical Information Technology Inc. – Key Facts

TABLE 45 Medical Information Technology Inc.– Key P&L Metrics

TABLE 46 Merge Healthcare Inc – Key Facts

TABLE 47 Merge Healthcare Inc – Key P&L Metrics

TABLE 48 STARLIMS Corporation– Key Facts

TABLE 49 Sunquest Corporation– Key Facts

TABLE 50 Thermo Fisher Scientific Inc – Key Facts

TABLE 51 Thermo Fisher Scientific Inc – Key P&L Metrics



Forecast to 2020

About Us

P&S Market Research is a global market research and consulting company. We provide market research reports,

industry reports, business intelligence and research based consulting services across a range of industries.

With the help of our professional corporate relations with various companies, our market research offers the most

accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned

domain to substantiate every single data presented in our publication. Our research assists our client in

identifying new and different windows of opportunity and frame informed and customized strategies for expansion

in different regions.

Contact: Ms Somya

347, 5th Ave. #1402

New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada)

Email: [email protected]

Web: https://www.psmarketresearch.com

mailto:[email protected]

https://www.psmarketresearch.com/

global laboratory information system market, share, size, trend, analysis and industry forecast

Documents