Laboratory Information System Market Analysis by p&s market research

GLOBAL INDUSTRY INSIGHT: Laboratory Information System Market Trends, Size, Share, Development and Demand Forecast to 2020

Global 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/laboratoryinformation-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.

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

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Global Laboratory Information System Market Development and Demand Forecast to 2020

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/market-analysis/Laboratory-InformationSystem/report-sample 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.

Browse Other Related Report at: https://www.psmarketresearch.com/industry-report/healthcare

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Global Laboratory Information System Market Development and Demand Forecast to 2020

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

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Uncovers potential demands in the market

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Porter analysis identifies competitive forces within the market

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

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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

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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.

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Global Laboratory Information System Market Development and Demand Forecast to 2020

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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 Chapter 2

Research Methodology and Sources Executive Summary

2.1

Key Findings

2.2

Research Summary

Chapter 3 3.1 3.1.1 3.2

Market Outlook Introduction Laboratory information system process 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

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Global Laboratory Information System Market Development and Demand Forecast to 2020 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 5.1

Global Market Breakdown by Application Clinical LIS Market

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Global Laboratory Information System Market Development and Demand Forecast to 2020 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 9.1

Competitive Analysis and Market Share 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)

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Global Laboratory Information System Market Development and Demand Forecast to 2020 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 Chapter 10 10.1

Competitive Positioning of Key Competitors and Market Share Analysis Company Profiles 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

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Global Laboratory Information System Market Development and Demand Forecast to 2020 10.4.4 10.5

Key P&L Metrics 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

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Global Laboratory Information System Market Development and Demand Forecast to 2020 10.9.4 10.10

Key P&L Metrics 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 11.1

Appendix List of Abbreviations

List of Figures 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)

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Global Laboratory Information System Market Development and Demand Forecast to 2020 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)

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)

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Global Laboratory Information System Market Development and Demand Forecast to 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

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Global Laboratory Information System Market Development and Demand Forecast to 2020 TABLE 50 TABLE 51

Thermo Fisher Scientific Inc – Key Facts Thermo Fisher Scientific Inc – Key P&L Metrics

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