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Laboratory Information Systems (LIS) Market

Laboratory Information Systems (LIS) Market Analysis - Size, Share, Trends, Growth Opportunities Assessment and Global Forecast to 2025

  • ID : 1357791591  |  
  • Published : Jun-2016  |  
  • Region : Global  |  
  • Pages : 85   |  
  • Publisher : Market Research Future

Laboratory information system (LIS) is a comprehensive information system developed and configured to process, store and manage information pertaining to industrial and medical laboratories which include clinical and analytical laboratories. LIS plays an important role in streamlining the process and generating high-quality data to support effective clinical decisions. The LIS provides information that helps hospitals in diagnosis, prevention, management and treatment of diseases, and acts as an indicator for public health. The LIS has now emerged as a necessity for the laboratories of both small and large diagnostic and drug companies. Better management of data and incorporation of collaborative technological tools in their day-to-day operations, have become crucial for both clinical and analytical laboratories.

LIS, used in both large and small scale companies, provide a platform to automatically obtain, store and archive information, track samples, and generate reports, efficiently. The LIS products vary widely in terms of cost, sophistication, and industrial focus. As industrial and medical laboratories are diverse with different requirements, there is no standard information system designed for laboratories. Therefore, an LIS is customized, developed, and configured according to the unique requirements of each laboratory.

There are various applications of LIS including drug delivery and clinical diagnostics. The LIS, in clinical diagnostics, include anatomic pathology systems, microbiology, genetic and molecular diagnostics support systems, blood bank systems, and billing or accounts receivable or revenue cycle management (RCM) systems.

The major components of LIS are hardware, software, and services. Hardware mainly consists of servers, data input, output and storage devices. Software includes the interface of integrated LIS which helps in managing and analyzing data efficiently. The key delivery modes used for LIS are web-based, on-premise, mobile solutions, and cloud-based technology.

Key Players

The leading market players in the global LIS market are Cerner Corporation (U.S.), Eclipsys Corporation (U.S.), LabVantage Solutions Inc (U.S.), LabWare Inc (U.S.), McKesson Corporation (U.S.), Medical Information Technology Inc. (Meditech) (U.S.), Merge Healthcare Inc (U.S.), STARLIMS Corporation (Abbott Laboratories) (U.S.), Sunquest Corporation (Roper Industries), Thermo Fisher Scientific Inc. (U.S.), and others.

STUDY OBJECTIVES OF LABORATORY INFORMATION SYSTEMS (LIS) MARKET DEVELOPMENT AND FORECAST TO 2020

 To provide insights about factors, influencing and affecting the market growth.

 To provide historically and forecast revenue of the market segments and sub-segments with respect to regional markets and their countries.

 To provide historically and forecast revenue of the market segments based on products, and sub-segment for global LIS market.  To provide strategic profiling of key players in the market, comprehensively analyzing their market share, core competencies, and drawing a competitive landscape for the market.

 To provide economic factors that influence the global LIS market.

Target Audience

• Pharmaceutical companies

• Research Laboratories

• Hospitals & Clinics

• Service Suppliers

• Potential Investors

• Key executive (CEO and COO) and strategy growth manager

Key Findings

• The global LIS market is expected to grow at a CAGR of 7.3% between 2015 and 2020, driven by growth in both developed and emerging markets.

• Clinical application will be one of the driving factors of numbers in the global LIS market.

• North America and Europe, contributed more than 75% of the global total market size in 2014. Emerging markets such as China and India are expected to generate a significant demand for LIS during the period, 2015-2020.

• Software accounts for most of the global LIS market in terms of components.

• Based on delivery mode, web-based solutions are expected to drive growth better than on-premise technologies. Implementation of cloud-based solution will help the LIS market to grow further in forthcoming years.

Regional and Country Analysis of laboratory information systems (LIS) market development and forecast to 2020

As per the MRFR analysis, the North American laboratory information systems (LIS) market is expected to reach $1,211.9 Million by 2020, with a growing CAGR of around XX% during the forecast period. The value of the European market was around $ 332.7 Million in 2014 and is estimated to reach $ 498.4 Million by 2020. Asia-Pacific continues to be the fastest growing region during the forecast period.

The reports also cover country level analysis:

• Americas

o US

o Canada

• Europe

o Germany

o The U.K.

o France

o RoE

• Asia-Pacific

o China

o Japan

o India

o Rest of APAC

Table of Contents

Chapter 1. Research Scope & Methodology 11

1.1 Market Definition 11

1.2 Market Breakdown by Application, Component and Delivery 11

1.3 Market Breakdown by Geography 12

1.4 Research Methodology and Sources 13

Chapter 2. Executive Summary 14

2.1 Key Findings 14

2.2 Research Summary 14

Chapter 3. Market Outlook 17

3.1 Introduction 17

3.1.1 Laboratory Information System Process 18

3.2 Trends in the Market 19

3.2.1 Usage of Advanced Diagnostics Techniques and Tools 19

3.2.2 Adoption of Mobile Based Solutions and Application 19

3.2.3 Development of New and Innovative Products 20

3.3 Opportunities in the Market 20

3.3.1 Increasing Demand in Personalized Medical Care 20

3.3.2 Untapped Market in Emerging Economies 21

3.3.3 Growth of Remote Patient Monitoring 21

3.3.4 Need of Integrated IT systems in Diagnostics and Medical Laboratories 22

3.4 Factors Driving the Market and Its Impact on Market Forecast 22

3.4.1 Need for Advanced Healthcare Information System 22

3.4.2 Growth in Molecular Diagnostics 23

3.4.3 Cloud computing in LIS 23

3.4.4 Need for Increased Lab Productivity 23

3.4.5 Cost Improvement Measures of Hospitals 25

3.4.6 Compliance with government regulations and initiatives 25

3.4.7 Increasing Investment from Healthcare IT players 26

3.4.8 Large Geriatric Population Base in Emerging Economies 26

3.4.9 Impact Analysis of Drivers on the Market Forecast 27

3.5 Factors Hindering the Market and Its Impact on Market Forecast 27

3.5.1 Lack of Skilled Professionals 27

3.5.2 Difficulty in Integration of Information with Laboratory Equipment 28

3.5.3 Risk Related to Confidentiality and Managing Information 28

3.5.4 High Capital Expenditure and Maintenance Requirement 28

3.5.5 Impact Analysis of Restraints on Market Forecast 29

Chapter 4. Global Market Size and Forecasts (2011 – 2020) 30

4.1 Global Market Breakdown by Application 31

4.2 Global Market Breakdown by Components 32

4.3 Global Market Breakdown by Delivery 33

4.4 Global Market Breakdown by Region 34

Chapter 5. Global Market Breakdown by Application 35

5.1 Clinical LIS Market 35

5.2 Drug Discovery LIS Market 37

5.3 Industrial LIS Market 38

Chapter 6. Global Market Breakdown by Components 40

6.1 Software in LIS Market 41

6.2 Hardware in LIS Market 42

6.3 Services in LIS Market 43

Chapter 7. Global Market Breakdown by Delivery 45

7.1 Web-based LIS Market 46

7.2 On-premise based LIS Market 47

7.3 Cloud-based LIS Market 49

Chapter 8. Global Market Breakdown by Region 51

8.1 North America LIS Market Breakdown by Country 52

8.2 Europe LIS Market Breakdown by Country 54

8.3 Asia-Pacific LIS Market Breakdown by Country 57

8.4 Rest of the World (RoW) LIS Market 59

Chapter 9. Competitive Analysis & Market Share 61

9.1 Porter's Five Forces of Competitive Position Analysis 61

9.1.1 Bargaining Power of Buyers 61

9.1.2 Bargaining Power of Suppliers 62

9.1.3 Threat of New Entrants 62

9.1.4 Intensity of Rivalry 62

9.1.5 Threat of Substitutes 63

9.2 Merger and Acquisition (M&A) Activities in the Market 63

9.2.1 Cerner Acquisition of Siemens Health Services (Aug 2014) 63

9.2.2 Accelrys Acquisition of Vialis AG (Jan 2013) 63

9.2.3 Roper Industries Acquisition of Sunquest (Aug 2012) 64

9.2.4 Abbott Acquisition of STARLIMS Australia (Jun 2012) 64

9.2.5 Sunquest Acquisition of PowerPath (Oct 2011) 64

9.2.6 Allscripts Acquisition of Eclipsys (Jun 2010) 65

9.2.7 Abbott Acquisition of STARLIMS (Dec 2009) 65

9.3 Competitive Positioning of Key Competitors and Market Share Analysis 65

Chapter 10. Company Profiles 67

10.1 Cerner Corporation 67

10.1.1 Business Overview 67

10.1.2 Products and Services 67

10.2 Recent Developments 68

10.2.1 Key P&L Metrics 69

10.3 Eclipsys Corporation (Allscripts Healthcare Solutions) 69

10.3.1 Business Overview 69

10.3.2 Products and Services 70

10.3.3 Key P&L Metrics 70

10.4 LabVantage Solutions Inc 70

10.4.1 Business Overview 70

10.4.2 Products and Services 71

10.4.3 Recent Developments 71

10.4.4 Key P&L Metrics 72

10.5 LabWare Inc 72

10.5.1 Business Overview 72

10.5.2 Products and Services 73

10.5.3 Recent Developments 73

10.5.4 Key P&L Metrics 73

10.6 McKesson Corporation 74

10.6.1 Business Overview 74

10.6.2 Products and Services 74

10.6.3 Recent Developments 75

10.6.4 Key P&L Metrics 75

10.7 Medical Information Technology Inc. (Meditech) 76

10.7.1 Business Overview 76

10.7.2 Products and Services 76

10.7.3 Recent Developments 77

10.7.4 Key P&L Metrics 77

10.8 Merge Healthcare Inc 77

10.8.1 Business Overview 77

10.8.2 Products and Services 78

10.8.3 Recent Developments 78

10.8.4 Key P&L Metrics 79

10.9 STARLIMS Corporation (Abbott Laboratories) 79

10.9.1 Business Overview 79

10.9.2 Products and Services 80

10.9.3 Recent Developments 80

10.9.4 Key P&L Metrics 81

10.10 Sunquest Corporation (Roper Industries) 81

10.10.1 Business Overview 81

10.10.2 Products and Services 81

10.10.3 Recent Developments 82

10.10.4 Key P&L Metrics 82

10.11 Thermo Fisher Scientific Inc 83

10.11.1 Business Overview 83

10.11.2 Products and Services 83

10.11.3 Recent Developments 84

10.11.4 Key P&L Metrics 84

Chapter 11. Appendix 85

11.1 List of Abbreviations 85

List of Tables

TABLE 1 SPECIFIC PRIMARY AND SECONDARY SOURCES USED FOR THIS PUBLICATION 13

TABLE 2 GLOBAL LABORATORY INFORMATION SYSTEMS MARKET SNAPSHOT (2014 AND 2020) 15

TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS 27

TABLE 4 RESTRAINTS FOR THE MARKET: IMPACT ANALYSIS 29

TABLE 5 GLOBAL LIS MARKET BREAKDOWN BY APPLICATION, $M (2011 – 2014) 35

TABLE 6 GLOBAL LIS MARKET BREAKDOWN BY APPLICATION, $M (2015 – 2020) 35

TABLE 7 CLINICAL LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 36

TABLE 8 CLINICAL LIS MARKETBREAKDOWN BY REGION, $M (2015 – 2020) 36

TABLE 9 DRUG DISCOVERY LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 37

TABLE 10 DRUG DISCOVERY LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 38

TABLE 11 INDUSTRIAL LIS MARKET BY BREAKDOWN REGION, $M (2011 – 2014) 38

TABLE 12 INDUSTRIAL LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 39

TABLE 13 GLOBAL LIS MARKET BREAKDOWN BY COMPONENTS, $M (2011 – 2014) 40

TABLE 14 GLOBAL LIS MARKETBREAKDOWN BY COMPONENTS, $M (2015 – 2020) 40

TABLE 15 SOFTWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 41

TABLE 16 SOFTWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 42

TABLE 17 HARDWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 42

TABLE 18 HARDWARE IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 43

TABLE 19 SERVICES IN LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 44

TABLE 20 SERVICES IN LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 44

TABLE 21 GLOBAL LIS MARKET BREAKDOWN BY DELIVERY, $M (2011 – 2014) 45

TABLE 22 GLOBAL LIS MARKETBREAKDOWN BY DELIVERY, $M (2015 – 2020) 45

TABLE 23 WEB-BASED LIS MARKET BY REGION, $M (2011 – 2014) 46

TABLE 24 WEB-BASED LIS MARKET BY REGION, $M (2015 – 2020) 47

TABLE 25 ON-PREMISE BASED LIS MARKET BY REGION, $M (2011 – 2014) 48

TABLE 26 ON-PREMISE BASED LIS MARKET BY REGION, $M (2015 – 2020) 48

TABLE 27 CLOUD-BASED LIS MARKET BY REGION, $M (2011 – 2014) 49

TABLE 28 CLOUD-BASED LIS MARKET BY REGION, $M (2015 – 2020) 50

TABLE 29 GLOBAL LIS MARKET BREAKDOWN BY REGION, $M (2011 – 2014) 51

TABLE 30 GLOBAL LIS MARKET BREAKDOWN BY REGION, $M (2015 – 2020) 52

TABLE 31 NORTH AMERICANLIS MARKET BREAKDOWN BY COUNTRY, $M (2011 – 2014) 53

TABLE 32 NORTH AMERICANLIS MARKET BREAKDOWN BY COUNTRY, $M (2015 – 2020) 54

TABLE 33 EUROPE LIS MARKET BREAKDOWN BY COUNTRY, $M (2011 – 2014) 56

TABLE 34 EUROPE LIS MARKET BREAKDOWN BY COUNTRY, $M (2015 – 2020) 56

TABLE 35 ASIA-PACIFIC LIS MARKET BREAKDOWN BY COUNTRY, $M (2011 – 2014) 58

TABLE 36 ASIA-PACIFIC LIS MARKET BREAKDOWN BY COUNTRY, $M (2015 – 2020) 58

TABLE 37 CERNER CORPORATION – KEY FACTS 67

TABLE 38 CERNER CORPORATION – KEY P&L METRICS 69

TABLE 39 ECLIPSYS CORPORATION – KEY FACTS 69

TABLE 40 LABVANTAGE SOLUTIONS INC– KEY FACTS 70

TABLE 41 LABWARE INC– KEY FACTS 72

TABLE 42 MCKESSON CORPORATION – KEY FACTS 74

TABLE 43 MCKESSON CORPORATION – KEY P&L METRICS 75

TABLE 44 MEDICAL INFORMATION TECHNOLOGY INC. – KEY FACTS 76

TABLE 45 MEDICAL INFORMATION TECHNOLOGY INC.– KEY P&L METRICS 77

TABLE 46 MERGE HEALTHCARE INC – KEY FACTS 77

TABLE 47 MERGE HEALTHCARE INC – KEY P&L METRICS 79

TABLE 48 STARLIMS CORPORATION– KEY FACTS 79

TABLE 49 SUNQUEST CORPORATION– KEY FACTS 81

TABLE 50 THERMO FISHER SCIENTIFIC INC – KEY FACTS 83

TABLE 51 THERMO FISHER SCIENTIFIC INC – KEY P&L METRICS 84

List of Figures

FIGURE 1 PROCESS OF LABORATORY INFORMATION SYSTEM 18

FIGURE 2 GLOBAL LIS MARKET SIZE AND GROWTH, (2011 – 2014, $M) 30

FIGURE 3 GLOBAL LIS MARKET SIZE AND GROWTH, (2015 – 2020, $M) 31

FIGURE 4 GLOBAL LIS MARKET SHARE BY APPLICATION (2014) 32

FIGURE 5 GLOBAL LIS MARKET SHARE BY COMPONENTS (2014) 33

FIGURE 6 GLOBAL LIS MARKET SHARE BY DELIVERY (2014) 33

FIGURE 7 GLOBAL LIS MARKET SHARE BY REGION (2014) 34

FIGURE 8 NORTH AMERICAN LIS MARKET SHARE BY COUNTRY (2014) 53

FIGURE 9 EUROPE LIS MARKET SHARE BY COUNTRY (2014) 55

FIGURE 10 ASIA-PACIFIC LIS MARKET SHARE BY COUNTRY (2014) 58

FIGURE 11 PORTER’S FIVE FORCES OF COMPETITIVE POSITION ANALYSIS 61

FIGURE 12 COMPETITIVE POSITIONING OF KEY COMPETITORS 66

FIGURE 13 GLOBAL MARKET SHARE BY COMPANY (2014) 66

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