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Europe Laboratory Information System (LIS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product (Standalone LIS and Integrated LIS), Delivery Mode (Cloud-Based Delivery Mode, Web-Based Delivery Mode, and On-Premises Delivery Mode), Component (Software and Services), and End User (Hospital Labs, Independent Labs, and Physician Office Labs)
Market Report I 2022-12-23 I 130 Pages I The Insight Partners
The laboratory information system (LIS) market in Europe is expected to grow from US$ 244.03 million in 2022 to US$ 431.39 million by 2028. It is estimated to grow at a CAGR of 10.0% from 2022 to 2028.
Technological Advancements in LIS
Informatics platforms save time and money as they help to avoid rework if error occurred, and other technical glitches persists. The LIS solutions ensure that samples are only sent or assigned to instruments that are regularly monitored as well as accurately calibrated and maintained as per schedule. Due to technological developments and far exceeding complexities in laboratory process, the scope of LIS has gone beyond data, process, and product management. Moreover, mobility is one of the driving forces of the new technological era, wherein the remote management of laboratories are likely to be indispensable. Cloud-based delivery mode LIS has also been considered to meet the problem of limited geographic coverage associated with the traditional LIS systems. These systems eliminate the need of heavy capital investments in infrastructure and enables fast and safe data transfer within the organizations.
The laboratory information system (LIS) market players are coming up with innovative solutions to sustain their presence in the highly competitive market. For instance, Autoscribe Informatics launched an updated version of its Regulated Manufacturing LIMS, in March 2021; it is a configured solution based on the Matrix Gemini LIS solution. The product is ideal for all manufacturing organizations, including the highly regulated industries such as medical devices and pharmaceuticals. This web-enabled version is intended to improve the experience of users both from a visual aesthetic perspective and also providing additional flexibility in user setup, dashboard, reports, and other components which are important to SoftBank users. The software features a single, integrated platform with one user interface. It furthermore includes configurable workflows, the ability to automate routine tasks, and data exchange tools. In July 2021, LabVantage Solutions, Inc. launched a new edition of its flagship LabVantage LIMS. The LabVantage LIS 8.7 portal features systems that manage the laboratory's data security, along with offering self-service access to external customers.
It also allows laboratories to go live faster and at a lower total cost. Thus, the developments and innovations by the market players are boosting the growth of global laboratory information system (LIS) market.
Market Overview
The market for Europe laboratory information system (LIS) market is segmented into the Germany, the UK, France, Italy, Spain, and the Rest of Europe. Europe occupies a significant position in the global laboratory information management systems market and is expected to record vigorous growth rate during the forecast period. The growth of the market is attributed by increasing R&D expenditure along with rapid growth of the pharmaceutical companies and increased adoption of information technology solutions for clinical decision support, which will drive the market growth.
The market for laboratory information system is likely to grow due to the increasing development in the healthcare sector. Germany is the biggest market for medical technology in the European region. According to the Germany Trade & Invest in 2019, Germany was responsible for 33.4 billion sales (domestic and exports) billion sales of the medical technology industry. It also mentioned that German Medical Technology Industry in 2019 spent 9% of its annual turnover on R&D expenses. Thus, German market for laboratory information system is being driven by the increasing expenditure on healthcare research and the increasing automation in diagnostic laboratories. For instance, in September 2020, the German health ministry has announced EUR3 billion for hospitals to invest in modern emergency capacities, digitization, and IT security. The funding for projects will be provided under the future hospital fund (KHZF). This will cover 70% of projects, and 30% will be funded by the federal states/ hospital operators, which will raise a further EUR1.3 billion. Also, Germany is ranked as a leader in clinical trials conducted in Europe and ranked as among top 5 in the world. Clinical trial data quality is at par with the US, costs are up to 50 percent lower in Germany. According to a report published by the Germany Trade & Invest, at least 45 university hospitals and 118 clinical institutes are involved in clinical trials in Germany. The Charite in Berlin is Europe's largest university hospital. German hospitals are renowned for their consistent and reliable collection of data in clinical test series. Apart from this, the increasing efforts to digitalize healthcare services is driving the market's growth. This can be related to the high capital investments dedicated for the development, research, and manufacturing of new medical technologies, thus expected to drive the growth for Laboratory Information Management Systems market in the country.
Europe Laboratory Information System (LIS) Market Revenue and Forecast to 2028 (US$ Million)
Europe Laboratory Information System (LIS) Market Segmentation
The Europe laboratory information system (LIS) market is segmented into product, delivery mode, component, end user, and country.
Based on product, the market is bifurcated into standalone LIS and integrated LIS. The standalone LIS segment held the larger market share in 2022.
Based on delivery mode, the market is segmented into cloud-based delivery mode, web-based delivery mode, and on-premises delivery mode. Cloud-based delivery mode segment held the largest market share in 2022.
Based on component, the market is segmented into software and services. Software segment held the larger market share in 2022.
Based on end user, the market is segmented into hospital labs, independent labs, and physician office labs. The hospital labs segment held the largest market share in 2022.
Based on country, the market is segmented into Germany, France, Italy, Spain, the UK, and the Rest of Europe. Germany dominated the market share in 2022.
AAC Infotray AG; CompuGroup Medical; Illumina, Inc.; LabLynx, Inc.; LabVantage Solutions, Inc.; McKESSON CORPORATION; and Thermo Fisher Scientific Inc. are the leading companies operating in the laboratory information system (LIS) market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Europe Laboratory Information System (LIS) Market - By Product
1.3.2 Europe Laboratory Information System (LIS) Market - By Component
1.3.3 Europe Laboratory Information System (LIS) Market - By Delivery Mode
1.3.4 Europe Laboratory Information System (LIS) Market - By End User
1.3.5 Europe Laboratory Information System (LIS) Market- By Country
2. Europe Laboratory Information System (LIS) Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Laboratory Information System (LIS) Market- Market Landscape
4.1 Overview
4.2 Europe PEST Analysis
4.3 Experts Opinion
5. Europe Laboratory Information System (LIS) Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Automation in Laboratories
5.1.2 Technological Advancements in LIS
5.2 Key Market Restraints
5.2.1 Limited Expertise in Healthcare IT Domain
5.2.2 High Costs of Implementation of LIS
5.3 Future Trend
5.3.1 Emergence of Cloud-Based Delivery Mode LIS Services
5.4 Impact analysis
6. Europe Laboratory Information System (LIS) Market- Europe Analysis
6.1 Europe Laboratory Information System Market Revenue Forecast and Analysis
7. Europe Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Product
7.1 Overview
7.2 Europe Laboratory Information System (LIS) Market, By Product 2021 & 2028 (%)
7.3 Standalone LIS
7.3.1 Overview
7.3.2 Standalone LIS Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Integrated LIS
7.4.1 Overview
7.4.2 Integrated LIS Market Revenue and Forecast to 2028 (US$ Mn)
8. Europe Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Component
8.1 Overview
8.2 Europe Laboratory Information System (LIS) Market, By Component 2021 & 2028 (%)
8.3 Software
8.3.1 Overview
8.3.2 Software Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Services
8.4.1 Overview
8.4.2 Services Market Revenue and Forecast to 2028 (US$ Mn)
9. Europe Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Delivery Mode
9.1 Overview
9.2 Europe Laboratory Information System (LIS) Market, By Delivery Mode 2021 & 2028 (%)
9.3 Cloud-Based Delivery Mode
9.3.1 Overview
9.3.2 Cloud-Based Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Web-Based Delivery Mode
9.4.1 Overview
9.4.2 Web-Based Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
9.5 On-Premises Delivery Mode
9.5.1 Overview
9.5.2 On-Premises Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
10. Europe Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By End User
10.1 Overview
10.2 Europe Laboratory Information System (LIS) Market, By End User 2021 & 2028 (%)
10.3 Hospital Labs
10.3.1 Overview
10.3.2 Hospital Labs Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Independent Labs
10.4.1 Overview
10.4.2 Independent Labs Market Revenue and Forecast to 2028 (US$ Mn)
10.5 Physician Office Labs
10.5.1 Overview
10.5.2 Physician Office Labs Market Revenue and Forecast to 2028 (US$ Mn)
11. Europe Laboratory Information System (LIS) Market -Country Analysis
11.1 Overview
11.1.1 Europe: Laboratory Information System (LIS) Market, by Country, 2021 & 2028 (%)
11.1.1.1 Germany: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Overview
11.1.1.1.2 Germany: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.3 Germany: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.4 Germany: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.1.5 Germany: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.1.6 Germany: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
11.1.1.2 France: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Overview
11.1.1.2.2 France: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.3 France: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.4 France: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.2.5 France: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.2.6 France: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
11.1.1.3 UK: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 Overview
11.1.1.3.2 UK: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.3 The UK: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.4 The UK: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.3.5 The UK: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.3.6 The UK: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
11.1.1.4 Italy: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Overview
11.1.1.4.2 Italy: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.3 Italy: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.4 Italy: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.4.5 Italy: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.4.6 Italy: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
11.1.1.5 Spain: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Overview
11.1.1.5.2 Spain: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.3 Spain: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.4 Spain: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.5.5 Spain: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.5.6 Spain: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
11.1.1.6 Rest of Europe: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Overview
11.1.1.6.2 Rest of Europe: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.3 Rest of Europe: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.4 Rest of Europe: Laboratory Information System (LIS) Market, by Component, 2020-2028 (US$ Million)
11.1.1.6.5 Rest of Europe: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (US$ Million)
11.1.1.6.6 Rest of Europe: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 AAC Infotray AG
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Thermo Fisher Scientific Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 LabLynx, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 CompuGroup Medical
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Illumina, Inc.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 LabVantage Solutions, Inc.
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 McKESSON CORPORATION
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. Germany: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Laboratory Information System (LIS) Market, by End User - Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 6. France: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 7. France: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 8. France: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 9. The UK: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 10. The UK: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 11. The UK: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 12. The UK: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 13. Italy: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 17. Spain: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 18. Spain: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 19. Spain: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe: Laboratory Information System (LIS) Market, by Product - Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (US$ Million)
Table 25. Organic Developments Done by Companies
Table 26. Inorganic Developments Done by Companies
Table 27. Glossary of Terms, Europe Laboratory Information System (LIS) Market
LIST OF FIGURES
Figure 1. Europe Laboratory Information System (LIS) Market Segmentation
Figure 2. Europe Laboratory Information System (LIS) Segmentation, By Country
Figure 3. Europe Laboratory Information System (LIS) Market Overview
Figure 4. Standalone LIS Held the Largest Share of the Product Segment in Europe Laboratory Information System (LIS) Market
Figure 5. Germany to Show Significant Growth During Forecast Period
Figure 6. Europe and PEST Analysis
Figure 7. Europe Laboratory Information System (LIS) impact analysis of driver and restraints
Figure 8. Europe Laboratory Information System Market - Revenue Forecast and Analysis - 2019- 2028
Figure 9. Europe Laboratory Information System (LIS) Market, by Product 2021 & 2028 (%)
Figure 10. Standalone LIS Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Integrated LIS Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. Europe Laboratory Information System (LIS) Market, by Component 2021 & 2028 (%)
Figure 13. Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Services Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. Europe Laboratory Information System (LIS) Market, by Delivery Mode 2021 & 2028 (%)
Figure 16. Cloud-Based Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Web-Based Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. On-Premises Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. Europe Laboratory Information System (LIS) Market, by End User 2021 & 2028 (%)
Figure 20. Hospital Labs Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Independent Labs Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Physician Office Laboratories Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. Europe: Laboratory Information System (LIS) Market, by Key Country - Revenue (2021) (US$ Million)
Figure 24. Europe: Laboratory Information System (LIS) Market, by Country, 2021 & 2028 (%)
Figure 25. Germany: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. France: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 27. UK: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. Italy: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. Spain: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 30. Rest of Europe: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
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