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Report
Global Laboratory Information System Market Report and Forecast 2023-2028
Market Report I 2023-04-13 I 180 Pages I EMR Inc.
Global Laboratory Information System Market Report and Forecast 2023-2028
Market Outlook
As per the report by Expert Market Research (EMR), the global laboratory information system market attained a value of USD 2075.3 million in 2022. Aided by the increasing demand for efficient laboratory data management and the growing adoption of digital technologies in the healthcare sector, the market is expected to grow at a CAGR of 5.3% between 2023 and 2028 to reach a value of USD 2862.1 million by 2028.
A laboratory information system (LIS) is a software-based solution designed to manage, store, and analyse data generated by medical laboratories. LIS streamlines laboratory workflows, reduces the risk of human error, and enhances the efficiency of laboratory processes. It plays a vital role in various healthcare settings, such as hospitals, clinics, and research laboratories, by improving patient care, enhancing patient safety, and optimising the use of laboratory resources.
The increasing demand for efficient laboratory data management is driving the global laboratory information system market growth. As the volume of laboratory data continues to grow due to the increasing number of diagnostic tests and the rising prevalence of chronic diseases, the need for effective data management solutions has become more critical. LIS helps laboratories in managing large volumes of data, reducing manual work, and increasing productivity, making it an essential tool for modern healthcare facilities.
The integration of laboratory information systems with other healthcare systems, such as electronic health records (EHRs) and picture archiving and communication systems (PACS), has become crucial in today's healthcare landscape. By integrating LIS with other healthcare systems, laboratories can automate the process of data entry and management, resulting in streamlined workflows and increased efficiency.
The growing adoption of digital technologies in the healthcare sector is another factor propelling the laboratory information system market expansion. Digital transformation in healthcare has led to the implementation of various software solutions to improve patient care, optimise workflows, and enhance overall efficiency. LIS is a crucial component of this transformation, enabling laboratories to automate their processes, reduce the risk of human error, and improve the quality of patient care.
Furthermore, the growing need for personalised medicine and precision diagnostics is also contributing to the laboratory information system market demand. Personalised medicine relies on the accurate analysis of patient-specific data to tailor treatments and therapies. LIS plays a crucial role in managing and analysing this data, supporting the development of personalised medicine and precision diagnostics.
Market Segmentation
The market can be divided based on component, product, delivery mode, end use and region.
Market Breakup by Component
- Services
- Software
Market Breakup by Product
- Standalone LIS
- Integrated LIS
Market Breakup by Delivery Mode
- On-Premise
- Cloud-Based
Market Breakup by End Use
- Hospital Laboratories
- Independent Laboratories
- Physician Office Laboratories
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global laboratory information system companies. Some of the major key players explored in the report by Expert Market Research 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.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Laboratory Information System Market Analysis
8.1 Key Industry Highlights
8.2 Global Laboratory Information System Historical Market (2018-2022)
8.3 Global Laboratory Information System Market Forecast (2023-2028)
8.4 Global Laboratory Information System Market by Component
8.4.1 Services
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Software
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Laboratory Information System Market by Product
8.5.1 Standalone LIS
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Integrated LIS
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Laboratory Information System Market by Delivery Mode
8.6.1 On-Premise
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Cloud-Based
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Laboratory Information System Market by End Use
8.7.1 Hospital Laboratories
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Independent Laboratories
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Physician Office Laboratories
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Laboratory Information System Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Laboratory Information System Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Laboratory Information System Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Laboratory Information System Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.2 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Laboratory Information System Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Laboratory Information System Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Orchard Software Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Sunquest Information Systems, Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Cerner Corporation
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Computer Programs and Systems, Inc.
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 CompuGroup Medical SE and Co. KGaA
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Medical Information Technology, Inc.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 SCC Soft Computer
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Epic Systems Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Comp Pro Med Inc.
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
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