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GLOBAL INDUSTRY INSIGHT:
Laboratory Information System Market Development and Demand Forecast to
2020
Global Laboratory Information System Market Development and Demand
Forecast to 2020
P&S Market Research releases a new research report with market overview, trends, DRO analysis, market
segmentation, market size, share, forecast, porter analysis, recent developments, competitive scenario and top
competitor profiles in:
Global Industry Insight: 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.
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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.
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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
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.
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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
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
the development of new and advanced healthcare IT solutions. Large healthcare companies are
expanding their business in this segment.
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.
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system
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
•
Uncovers potential demands in the market
•
Porter analysis identifies competitive forces within the market
•
Provides information on the historical and current market size and the future potential of the market
•
Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and
technology, etc (as applicable)
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
•
Highlights the competitive scenario of the market, major competitors, market share, benchmarking,
investments and merger & acquisitions
•
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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TABLE OF CONTENT
Chapter 1
Research Scope and Methodology
1.1
Market Definition
1.2
Market Breakdown by Application, Component and Delivery
1.3
Market Breakdown by Geography
1.4
Research Methodology and Sources
Chapter 2
Executive Summary
2.1
Key Findings
2.2
Research Summary
Chapter 3
Market Outlook
3.1
Introduction
3.1.1
Laboratory information system process
3.2
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
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
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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
Global Market Breakdown by Application
5.1
Clinical LIS Market
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
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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)
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
Competitive Positioning of Key Competitors and Market Share Analysis
Chapter 10
Company Profiles
10.1
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
10.4.4
Key P&L Metrics
10.5
McKesson Corporation
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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
10.9.4
Key P&L Metrics
10.10
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
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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LIST OF FIGURES
FIG. 1
Process of laboratory information system
FIG. 2
Global LIS market, (2011 – 2014, $m)
FIG. 3
Global LIS market, (2015 – 2020, $m)
FIG. 4
Global LISs market share by application (2014)
FIG. 5
Global LIS market share by components (2014)
FIG. 6
Global LIS market share by delivery (2014)
FIG. 7
Global LIS market share by region (2014)
FIG. 8
North American LIS market share by country (2014)
FIG. 9
Europe LIS market share by Country (2014)
FIG. 10
Asia-Pacific LIS market share by country (2014)
FIG. 11
Porter’s five forces of competitive position analysis
FIG. 12
Competitive positioning of key competitors
FIG. 13
Global market share by company (2014)
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)
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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)
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
TABLE 50
Thermo Fisher Scientific Inc – Key Facts
TABLE 51
Thermo Fisher Scientific Inc – Key P&L Metrics
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Global Laboratory Information System Market Development and Demand
Forecast to 2020
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