Home / Healthcare / Global Industry Insight: Laboratory Information System (LIS) Market Development and Demand Forecast to 2020

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

Published: May 2015 | No Of Pages: 91 | Published By: P & S Market Research

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.

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 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.

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.

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 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.
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)
  • 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.

Scope Of Report

The research offers Global Laboratory Information System market size and market forecast for the period 2011 to 2020. The market is breakdown as follows:

Global market breakdown

  • By Application – Clinical LIS, Drug Discovery LIS and Industrial LIS
  • By Component – Software, Hardware and Services
  • By Delivery Mode – Web-based, On-premise based and Cloud-based
  • By Region – North America, Europe, Asia-Pacific and Rest of World

Global market breakdown by application

  • Global Clinical LIS market breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • Global Drug discovery LIS market breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • Global Industrial LIS market breakdown by region - North America, Europe, Asia-Pacific and Rest of World

Global market breakdown by component

  • Software market breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • Hardware market breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • Services market breakdown by region - North America, Europe, Asia-Pacific and Rest of World

Global market breakdown by delivery mode

  • Web-based market breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • On-premise market based breakdown by region - North America, Europe, Asia-Pacific and Rest of World
  • Cloud-based market breakdown by region - North America, Europe, Asia-Pacific and Rest of World

Global market breakdown by region

  • North America market breakdown by country – U.S. and Canada
  • Europe market breakdown by country – Germany, France, the U.K. and Rest of Europe
  • Asia-Pacific market breakdown by country – Japan, China, India and Rest of APAC

REASON TO BUY?

  • Develop strategies for market entry and expansion by identifying the segments that ensure growth
  • Avail tailored research service of 15 hours with the report (without paying any extra cost) for your any specific requirement unmet in the report.
  • Gain an overview of the current market situation, historic development, current trends and future outlook of the market in various regions
  • Identify new and different windows of opportunity to cover loopholes in the product portfolio and align them as per the markets with a greater growth potential
  • Frame informed and customized strategies for each region depending on constraints, trends and patterns of the market in each country
  • Create competitive counter- strategies, from data that tracks and analyzes the trends of companies entering and leaving the market
  • Evolve effective strategies for marketing as well as production by ascertaining market categories that offer maximum opportunities for consolidations, strategic partnerships and investments
  • Identify market players with potentially strong product portfolio for acquisitions or mergers

Chapter 1          Research Scope and Methodology

1.1                Market Definition

1.2                Market Scope

  1.2.1                Market Breakdown by Application

  1.2.2                Market Breakdown by Component

  1.2.3                Market Breakdown by Delivery

  1.2.4                Market Breakdown by Geography

1.3                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

  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

  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)

  10.2.1           Business Overview

  10.2.2           Products and Services

  10.2.3           Key P&L Metrics

10.3              LabVantage Solutions Inc

  10.3.1           Business Overview

  10.3.2           Products and Services

  10.3.3           Recent Developments

  10.3.4           Key P&L Metrics

10.4              LabWare Inc

  10.4.1           Business Overview

  10.4.2           Products and Services

  10.4.3           Recent Developments

  10.4.4           Key P&L Metrics

10.5              McKesson Corporation

  10.5.1           Business Overview

  10.5.2           Products and Services

  10.5.3           Recent Developments

  10.5.4           Key P&L Metrics

10.6              Medical Information Technology Inc. (Meditech)

  10.6.1           Business Overview

  10.6.2           Products and Services

  10.6.3           Recent Developments

  10.6.4           Key P&L Metrics

10.7              Merge Healthcare Inc

  10.7.1           Business Overview

  10.7.2           Products and Services

  10.7.3           Recent Developments

  10.7.4           Key P&L Metrics

10.8              STARLIMS Corporation (Abbott Laboratories)

  10.8.1           Business Overview

  10.8.2           Products and Services

  10.8.3           Recent Developments

  10.8.4           Key P&L Metrics

10.9              Sunquest Corporation (Roper Industries)

  10.9.1           Business Overview

  10.9.2           Productsand Services

  10.9.3           Recent Developments

  10.9.4           Key P&L Metrics

10.10            Thermo Fisher Scientific Inc

  10.10.1         Business Overview

  10.10.2         Products and Services

  10.10.3         Recent Developments

  10.10.4         Key P&L Metrics

Chapter 11        Appendix

11.1              List of Abbreviations

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)

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

FIG. 1                 Market scope for global laboratory information system market

FIG. 2                 Research methodology for global laboratory information system market

FIG. 3                 Process of laboratory information system

FIG. 4                 Global LIS market, (2011 – 2014, $m)

FIG. 5                 Global LIS market, (2015 – 2020, $m)

FIG. 6                 Global LISs market share by application (2014)

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

FIG. 8                 Global LIS market share by delivery (2014)

FIG. 9                 Global LIS market share by region (2014)

FIG. 10               North American LIS market share by country (2014)

FIG. 11               Europe LIS market share by Country (2014)

FIG. 12               Asia-Pacific LIS market share by country (2014)

FIG. 13               Porter’s five forces of competitive position analysis

FIG. 14               Competitive positioning of key competitors

FIG. 15               Global market share by company (2014)

Choose License Type
 
Contact Information
24/7 Research Support
Phone: +1-855-455-8662
sales@acutemarketreports.com
Get in Touch with us
join us on Facebook
Follow us on Twitter
Follow us on LinkedIn
Add us on Google +