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Global Laboratory Information Systems (LIS) Market to reach USD 2.52 Billion by 2027.

Global Laboratory Information Systems (LIS) Market Size study, Product (Standalone, Integrated), Component (Services, Software), Delivery Mode (On-premises, Cloud-based), End User (Hospital Labs, Independent Labs, POLs, Other End Users) and Regional Forecasts 2021-2027.

Product Code: ICTEITS-48650857
Publish Date: 10-09-2021
Page: 200

Global Laboratory Information Systems (LIS) Market is valued approximately at USD 1.38 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 9.0% over the forecast period 2021-2027. Lab automation solutions minimizes the human errors due to repetitive tasks such as moving plates and pipetting and also provides better accuracy. Growing adoption of LIS to enhance lab efficiency and increasing prevalence of chronic diseases are the factors which are driving the growth of Laboratory Information Systems (LIS) market. Furthermore, increasing demand for personalized medicine will be anticipating the growth of market in forecasted period. For instance, In December 2020, Cerner Corporation, a key market player in the US, has partnered with Xealth to increase the digital innovation and strengthen connections between providers and patients. This strategy will strengthen the company’s presence in this market. However, lack of integration standards for laboratory information systems may impede market growth over the forecast period of 2021-2027.

Global Laboratory Information Systems (LIS) market analysis on basis of region which includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a significant region across the world in terms of market share due to developed infrastructure and increase in demand for digitalized technologies in the region. Whereas Asia Pacific is anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increasing development in healthcare infrastructure in the region.
Major market player included in this report are:
American Soft Solutions Corp.
Orchard Software Corporation
Sunquest Information Systems
Cerner Corporation
CompuGroup Medical
Computer Programs and Systems Inc.
SCC Soft Computer
Epic Systems Corporation
Comp Pro Med

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product
Standalone LIS
Integrated LIS
By Component
By Deployment type
By End-User
Hospital Laboratories
Independent Laboratories
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the Global Laboratory Information Systems (LIS) Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Laboratory Information Systems (LIS) Market, by Product, 2019-2027 (USD Billion)
1.2.2. Laboratory Information Systems (LIS) Market, by Component, 2019-2027 (USD Billion)
1.2.3. Laboratory Information Systems (LIS) Market, by Deployment Type, 2019-2027 (USD Billion)
1.2.4. Laboratory Information Systems (LIS) Market, by End-user, 2019-2027 (USD Billion)
1.2.5. Laboratory Information Systems (LIS) Market, By Region, 2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Laboratory Information Systems (LIS) Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Laboratory Information Systems (LIS) Market Dynamics
3.1. Laboratory Information Systems (LIS) Market Impact Analysis (2018-2027)
3.1.1. Market Drivers Growing adoption of LIS to enhance lab efficiency Increasing prevalence of chronic diseases
3.1.2. Market Challenges Lack of integration standards for laboratory information systems
3.1.3. Market Opportunities Increasing demand for personalized medicine
Chapter 4. Global Laboratory Information Systems (LIS) Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economic
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Laboratory Information Systems (LIS) Market, by Product
5.1. Market Snapshot
5.2. Global Laboratory Information Systems (LIS) Market by Product, Performance – Potential Analysis
5.3. Global Laboratory Information Systems (LIS) Market Estimates & Forecasts by Product 2018-2027 (USD Billion)
5.4. Laboratory Information Systems (LIS) Market, Sub Segment Analysis
5.4.1. Standalone LIS
5.4.2. Integrated LIS
Chapter 6. Global Laboratory Information Systems (LIS) Market, by Component
6.1. Market Snapshot
6.2. Global Laboratory Information Systems (LIS) Market by Component, Performance – Potential Analysis
6.3. Global Laboratory Information Systems (LIS) Market Estimates & Forecasts by Component 2018-2027 (USD Billion)
6.4. Laboratory Information Systems (LIS) Market, Sub Segment Analysis
6.4.1. Services
6.4.2. Software
Chapter 7. Global Laboratory Information Systems (LIS) Market, by Deployment Type
7.1. Market Snapshot
7.2. Global Laboratory Information Systems (LIS) Market by Deployment Type, Performance – Potential Analysis
7.3. Global Laboratory Information Systems (LIS) Market Estimates & Forecasts by Deployment Type 2018-2027 (USD Billion)
7.4. Laboratory Information Systems (LIS) Market, Sub Segment Analysis
7.4.1. On-premises
7.4.2. Cloud-based

Chapter 8. Global Laboratory Information Systems (LIS) Market, by End-user
8.1. Market Snapshot
8.2. Global Laboratory Information Systems (LIS) Market by End-user, Performance – Potential Analysis
8.3. Global Laboratory Information Systems (LIS) Market Estimates & Forecasts by End-User 2018-2027 (USD Billion)
8.4. Laboratory Information Systems (LIS) Market, Sub Segment Analysis
8.4.1. Hospital Laboratories
8.4.2. Independent Laboratories
8.4.3. POLs
8.4.4. Other
Chapter 9. Global Laboratory Information Systems (LIS) Market, Regional Analysis
9.1. Laboratory Information Systems (LIS) Market, Regional Market Snapshot
9.2. North America Laboratory Information Systems (LIS) Market
9.2.1. U.S. Laboratory Information Systems (LIS) Market Product breakdown estimates & forecasts, 2018-2027 Component breakdown estimates & forecasts, 2018-2027 Deployment Type breakdown estimates & forecasts, 2018-2027 End-User breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Laboratory Information Systems (LIS) Market
9.3. Europe Laboratory Information Systems (LIS) Market Snapshot
9.3.1. U.K. Laboratory Information Systems (LIS) Market
9.3.2. Germany Laboratory Information Systems (LIS) Market
9.3.3. France Laboratory Information Systems (LIS) Market
9.3.4. Spain Laboratory Information Systems (LIS) Market
9.3.5. Italy Laboratory Information Systems (LIS) Market
9.3.6. Rest of Europe Laboratory Information Systems (LIS) Market
9.4. Asia-Pacific Laboratory Information Systems (LIS) Market Snapshot
9.4.1. China Laboratory Information Systems (LIS) Market
9.4.2. India Laboratory Information Systems (LIS) Market
9.4.3. Japan Laboratory Information Systems (LIS) Market
9.4.4. Australia Laboratory Information Systems (LIS) Market
9.5. Latin America Laboratory Information Systems (LIS) Market Snapshot
9.5.1. Brazil Laboratory Information Systems (LIS) Market
9.5.2. Mexico Laboratory Information Systems (LIS) Market
9.6. Rest of The World Laboratory Information Systems (LIS) Market
Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profile
10.2.1. American Soft Solutions Corp. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Orchard Software Corporation
10.2.3. Sunquest Information Systems
10.2.4. Cerner Corporation
10.2.5. CompuGroup Medical
10.2.6. Computer Programs and Systems Inc.
10.2.7. Meditech
10.2.8. SCC Soft Computer
10.2.9. Epic Systems Corporation
10.2.10. Comp Pro Med

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
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Market Size Estimation:
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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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