Laboratory Information System Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030
Market Report I 2023-10-11 I 255 Pages I Infinium Global Research and Consulting Solutions
The report on the global laboratory information system market provides qualitative and quantitative analysis for the period from 2021-2030. The global laboratory information system market was valued at USD 2.05 billion in 2022 and is expected to reach USD 3.46 billion in 2030, with a CAGR of 5.89% during the forecast period 2023-2030. The study on laboratory information system market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.
A Laboratory Information System (LIS) is a specialized healthcare information system designed to manage and store clinical data related to medical processes and tests conducted in clinical laboratories. Typically, LIS software facilitates the ordering of laboratory tests, tracks these orders, and records the results in a searchable database. Traditionally, LIS has played a crucial role in public health institutions and their associated labs by managing and reporting vital data concerning infection status, immunology, and the care and treatment of patients. Healthcare professionals, including physicians and lab technicians, rely on LIS to coordinate a wide range of medical testing, both inpatient and outpatient, encompassing areas such as hematology, chemistry, immunology, and microbiology. These systems are prevalent in well-developed healthcare systems.
The implementation of LIS brings about several advantages, including the reduction of transcription errors and time-saving in the data capture process. Enhanced efficiency, cost reduction, and ease of maintenance are driving factors for the adoption of LIS. It allows for the automated generation of reports and quick access to information. Furthermore, LIS streamlines tasks and processes, reducing workload and stress on the core system. It offers various formats for financial, operational, inventory, reports, and tests. Modern LIS solutions, like Care Data Informatics, empower laboratory owners to analyze data, identify trends, make accurate predictions, and ultimately increase revenue. However, challenges such as a shortage of skilled professionals and the high development cost of software hinder the growth of the LIS market. LIS systems also enable a paperless environment and ensure compliance through a structured approach. Moreover, the rapid evolution of diagnostic and medical laboratories presents growth opportunities for healthcare information systems, particularly in the emerging LIS market.
North America is expected to hold the most significant share in the LIS market, driven by the widespread adoption of new healthcare technologies. Countries like the United States and Canada have implemented healthcare IT systems extensively, contributing to market growth. Europe, with its technological advancements in healthcare and a growing focus on data management and governance, occupies the second-largest market share in the LIS sector. The Asia-Pacific region is anticipated to experience the fastest growth during the forecast period. The key driver in this region is the efficiency enhancement that LIS brings to healthcare data management.
Report Findings
1) Drivers
- Significance provided by laboratory information system such as improved efficiency, cost reduction, and easy maintenance is driving the growth of the laboratory information system.
- Increasing demand for efficient laboratory management is driving the market growth.
2) Restraints
- The lack of experienced professionals and high development cost of software hinders the growth of the laboratory information system.
3) Opportunities
- The rapid revolutionization in the diagnostic and medical laboratories is creating an opportunity for the growth of the healthcare information system in the emerging laboratory information system.
Research Methodology
A) Primary Research
Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders associated with Infinium Global Research
2. Internal and External subject matter experts
3. Professionals and participants from the industry
Our primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.
B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.
The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies
Segment Covered
The global laboratory information system market is segmented on the basis of application, delivery, and component.
The Global Laboratory Information System Market by Component
- Software
- Services
The Global Laboratory Information System Market by Delivery Mode
- Cloud-based
- On-premise
The Global Laboratory Information System Market by Product
- Standalone
- Integrated
The Global Laboratory Information System Market by End User
- Diagnostic Laboratories
- Hospitals & Clinics
- Others
Company Profiles
The companies covered in the report include
- Healthcare Solutions, Inc.
- Athenahealth
- Agfa-Gevaert N.V.
- Oracle Cerner
- Epic Systems Corporation
- GE HealthCare
- Medidata
- MCKESSON CORPORATION
- NextGen Healthcare, Inc.
- Siemens Healthcare GmbH
What does this Report Deliver?
1. Comprehensive analysis of the global as well as regional markets of the laboratory information system market.
2. Complete coverage of all the segments in the laboratory information system market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global laboratory information system market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. Laboratory Information System Market Highlights
2.2. Laboratory Information System Market Projection
2.3. Laboratory Information System Market Regional Highlights
Chapter 3. Global Laboratory Information System Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Porter's Five Forces Analysis
3.4. IGR-Growth Matrix Analysis
3.4.1. IGR-Growth Matrix Analysis by Application
3.4.2. IGR-Growth Matrix Analysis by Delivery
3.4.3. IGR-Growth Matrix Analysis by Component
3.4.4. IGR-Growth Matrix Analysis by Region
3.5. Value Chain Analysis of Laboratory Information System Market
Chapter 4. Laboratory Information System Market Macro Indicator Analysis
Chapter 5. Company Profiles and Competitive Landscape
5.1. Competitive Landscape in the Global Laboratory Information System Market
5.2. Companies Profiles
5.2.1. Healthcare Solutions, Inc.
5.2.2. Athenahealth
5.2.3. Agfa-Gevaert N.V.
5.2.4. Oracle Cerner
5.2.5. Epic Systems Corporation
5.2.6. GE HealthCare
5.2.7. Medidata
5.2.8. MCKESSON CORPORATION
5.2.9. NextGen Healthcare, Inc.
5.2.10. Siemens Healthcare GmbH
Chapter 6. Global Laboratory Information System Market by Component
6.1. Software
6.2. Services
Chapter 7. Global Laboratory Information System Market by Delivery Mode
7.1. Cloud-based
7.2. On-premise
Chapter 8. Global Laboratory Information System Market by Product
8.1. Standalone
8.2. Integrated
Chapter 9. Global Laboratory Information System Market by End User
9.1. Diagnostic Laboratories
9.2. Hospitals & Clinics
9.3. Others
Chapter 10. Global Laboratory Information System Market by Region 2023-2030
10.1. North America
10.1.1. North America Laboratory Information System Market by Application
10.1.2. North America Laboratory Information System Market by Delivery
10.1.3. North America Laboratory Information System Market by Component
10.1.4. North America Laboratory Information System Market by Country
10.1.4.1. The U.S. Laboratory Information System Market
10.1.4.1.1. The U.S. Laboratory Information System Market by Application
10.1.4.1.2. The U.S. Laboratory Information System Market by Delivery
10.1.4.1.3. The U.S. Laboratory Information System Market by Component
10.1.4.2. Canada Laboratory Information System Market
10.1.4.2.1. Canada Laboratory Information System Market by Application
10.1.4.2.2. Canada Laboratory Information System Market by Delivery
10.1.4.2.3. Canada Laboratory Information System Market by Component
10.1.4.3. Mexico Laboratory Information System Market
10.1.4.3.1. Mexico Laboratory Information System Market by Application
10.1.4.3.2. Mexico Laboratory Information System Market by Delivery
10.1.4.3.3. Mexico Laboratory Information System Market by Component
10.2. Europe
10.2.1. Europe Laboratory Information System Market by Application
10.2.2. Europe Laboratory Information System Market by Delivery
10.2.3. Europe Laboratory Information System Market by Component
10.2.4. Europe Laboratory Information System Market by Country
10.2.4.1. Germany Laboratory Information System Market
10.2.4.1.1. Germany Laboratory Information System Market by Application
10.2.4.1.2. Germany Laboratory Information System Market by Delivery
10.2.4.1.3. Germany Laboratory Information System Market by Component
10.2.4.2. United Kingdom Laboratory Information System Market
10.2.4.2.1. United Kingdom Laboratory Information System Market by Application
10.2.4.2.2. United Kingdom Laboratory Information System Market by Delivery
10.2.4.2.3. United Kingdom Laboratory Information System Market by Component
10.2.4.3. France Laboratory Information System Market
10.2.4.3.1. France Laboratory Information System Market by Application
10.2.4.3.2. France Laboratory Information System Market by Delivery
10.2.4.3.3. France Laboratory Information System Market by Component
10.2.4.4. Italy Laboratory Information System Market
10.2.4.4.1. Italy Laboratory Information System Market by Application
10.2.4.4.2. Italy Laboratory Information System Market by Delivery
10.2.4.4.3. Italy Laboratory Information System Market by Component
10.2.4.5. Rest of Europe Laboratory Information System Market
10.2.4.5.1. Rest of Europe Laboratory Information System Market by Application
10.2.4.5.2. Rest of Europe Laboratory Information System Market by Delivery
10.2.4.5.3. Rest of Europe Laboratory Information System Market by Component
10.3. Asia Pacific
10.3.1. Asia Pacific Laboratory Information System Market by Application
10.3.2. Asia Pacific Laboratory Information System Market by Delivery
10.3.3. Asia Pacific Laboratory Information System Market by Component
10.3.4. Asia Pacific Laboratory Information System Market by Country
10.3.4.1. China Laboratory Information System Market
10.3.4.1.1. China Laboratory Information System Market by Application
10.3.4.1.2. China Laboratory Information System Market by Delivery
10.3.4.1.3. China Laboratory Information System Market by Component
10.3.4.2. Japan Laboratory Information System Market
10.3.4.2.1. Japan Laboratory Information System Market by Application
10.3.4.2.2. Japan Laboratory Information System Market by Delivery
10.3.4.2.3. Japan Laboratory Information System Market by Component
10.3.4.3. India Laboratory Information System Market
10.3.4.3.1. India Laboratory Information System Market by Application
10.3.4.3.2. India Laboratory Information System Market by Delivery
10.3.4.3.3. India Laboratory Information System Market by Component
10.3.4.4. South Korea Laboratory Information System Market
10.3.4.4.1. South Korea Laboratory Information System Market by Application
10.3.4.4.2. South Korea Laboratory Information System Market by Delivery
10.3.4.4.3. South Korea Laboratory Information System Market by Component
10.3.4.5. Australia Laboratory Information System Market
10.3.4.5.1. Australia Laboratory Information System Market by Application
10.3.4.5.2. Australia Laboratory Information System Market by Delivery
10.3.4.5.3. Australia Laboratory Information System Market by Component
10.3.4.6. Rest of Asia-Pacific Laboratory Information System Market
10.3.4.6.1. Rest of Asia-Pacific Laboratory Information System Market by Application
10.3.4.6.2. Rest of Asia-Pacific Laboratory Information System Market by Delivery
10.3.4.6.3. Rest of Asia-Pacific Laboratory Information System Market by Component
10.4. RoW
10.4.1. RoW Laboratory Information System Market by Application
10.4.2. RoW Laboratory Information System Market by Delivery
10.4.3. RoW Laboratory Information System Market by Component
10.4.4. RoW Laboratory Information System Market by Sub-region
10.4.4.1. Latin America Laboratory Information System Market
10.4.4.1.1. Latin America Laboratory Information System Market by Application
10.4.4.1.2. Latin America Laboratory Information System Market by Delivery
10.4.4.1.3. Latin America Laboratory Information System Market by Component
10.4.4.2. Middle East Laboratory Information System Market
10.4.4.2.1. Middle East Laboratory Information System Market by Application
10.4.4.2.2. Middle East Laboratory Information System Market by Delivery
10.4.4.2.3. Middle East Laboratory Information System Market by Component
10.4.4.3. Africa Laboratory Information System Market
10.4.4.3.1. Africa Laboratory Information System Market by Application
10.4.4.3.2. Africa Laboratory Information System Market by Delivery
10.4.4.3.3. Africa Laboratory Information System Market by Component
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.