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MARKET INTELLIGENCE . CONSULTINGwww.techsciresearch.com

GLOBAL LABORATORY INFORMATION SYSTEM MARKET

FORECAST & OPPORTUNITIES

2015 – 2025

2

Scope of ReportProduct of Interest (POI): Laboratory Information System

Review Period

2015 – 2018

Base Year

2019

Estimated Year

2020

Forecast Period

2021 – 2025

Year Range

REGION

• Asia-Pacific

• Europe

• North America

• South America

• Middle East &

Africa

Global laboratory information system market is expected to grow at a robust CAGR during the forecastperiod. The global laboratory information system market is driven by growing population base sufferingfrom chronic disorders. Moreover, ongoing innovations in research and development labs, predominantlyin pharmaceutical and biotechnological laboratories is anticipated to positively impact the growth ofmarket during the forecast years. Also, growing requirement to manage diagnostic errors is furtherexpected to bolster the growth of market over the next few years.

Market Segmentation

PRODUCT

• Standalone

LIS

• Integrated

LIS

• Hospital Labs

• Independent Labs

• Physician Office

Laboratories

• Others

END USER

COMPONENT

• Services

• Software

DELIVERY MODE

• On-Premises

• Cloud-Based

3

Table of Contents

S. No. Contents Page No.

1. Product Overview

2. Research Methodology

3. Impact of COVID-19 on Global Laboratory Information System Market

4. Executive Summary

5. Voice of Customer

6. Global Laboratory Information System Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Product (Standalone LIS, Integrated LIS)

6.2.2. By Component (Services, Software)

6.2.3. By Delivery Mode (On-Premises, Cloud-Based)

6.2.4. By End User (Hospital Labs, Independent Labs, Physician Office Laboratories, Others)

6.2.5 By Company (2019)

6.2.6. By Region (Asia-Pacific, Europe, North America, South America and Middle East & Africa)

6.3. Market Attractiveness Index

4

Table of Contents


7. Asia-Pacific Laboratory Information System Market Outlook


7.1.1. By Value


7.2.1. By Product

7.2.2. By Component

7.2.3. By Delivery Mode

7.2.4. By End User

7.2.5. By Country (China, India, Japan, South Korea, Australia)

7.3. Asia-Pacific: Country Analysis

7.3.1. China Laboratory Information System Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Product

7.3.1.2.2. By Component

7.3.1.2.3. By Delivery Mode

7.3.1.2.4. By End User

5

Table of Contents


7.3.2. India Laboratory Information System Market Outlook


7.3.2.1.1. By Value






7.3.3. Japan Laboratory Information System Market Outlook


7.3.3.1.1. By Value






7.3.4. South Korea Laboratory Information System Market Outlook

6

Table of Contents



7.3.4.1.1. By Value






7.3.5. Australia Laboratory Information System Market Outlook


7.3.5.1.1. By Value






8. Europe Laboratory Information System Market Outlook

7

Table of Contents



8.1.1. By Value


8.2.1. By Product

8.2.2. By Component


8.2.4. By End User

8.2.5. By Country (France, Germany, United Kingdom, Italy, Spain)

8.3. Europe: Country Analysis

8.3.1. France Laboratory Information System Market Outlook


8.3.1.1.1. By Value





8

Table of Contents



8.3.2. Germany Laboratory Information System Market Outlook


8.3.2.1.1. By Value






8.3.3. United Kingdom Laboratory Information System Market Outlook


8.3.3.1.1. By Value






9

Table of Contents


8.3.4. Italy Laboratory Information System Market Outlook


8.3.4.1.1. By Value






8.3.5. Spain Laboratory Information System Market Outlook


8.3.5.1.1. By Value






9. North America Laboratory Information System Market Outlook


10

Table of Contents


9.1.1. By Value


9.2.1. By Product

9.2.2. By Component


9.2.4. By End User

9.2.5. By Country (United States, Canada, Mexico)

9.3. North America: Country Analysis

9.3.1. United States Laboratory Information System Market Outlook


9.3.1.1.1. By Value






9.3.2. Canada Laboratory Information System Market Outlook

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Table of Contents



9.3.2.1.1. By Value






9.3.3. Mexico Laboratory Information System Market Outlook


9.3.3.1.1. By Value






10. South America Laboratory Information System Market Outlook


10.1.1. By Value


12

Table of Contents


10.2.1. By Product

10.2.2. By Component


10.2.4. By End User

10.2.5. By Country (Brazil, Argentina, Colombia)

10.3. South America: Country Analysis

10.3.1. Brazil Laboratory Information System Market Outlook


10.3.1.1.1 By Value





10.3.1.2.4. By End User

10.3.2. Argentina Laboratory Information System Market Outlook


10.3.2.1.1 By Value





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Table of Contents


10.3.2.2.4. By End User

10.3.3. Colombia Laboratory Information System Market Outlook


10.3.3.1.1 By Value





10.3.2.2.4. By End User

11. Middle East & Africa Laboratory Information System Market Outlook


11.1.1. By Value


11.2.1. By Product

11.2.2. By Component


11.2.4. By End User

11.2.5. By Country (South Africa, Saudi Arabia, UAE)

11.3. Middle East & Africa : Country Analysis

14

Table of Contents


11.3.1. South Africa Laboratory Information System Market Outlook


11.3.1.1.1. By Value





11.3.1.2.4. By End User

11.3.2. Saudi Arabia Laboratory Information System Market Outlook


11.3.2.1.1. By Value





11.3.2.2.4. By End User

11.3.3. UAE Laboratory Information System Market Outlook


11.3.3.1.1. By Value

15

Table of Contents






11.3.3.2.4. By End User

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Competition Outlook

14.2. Company Profiles

14.2.1. Company Details

14.2.2. Financials (As Reported)

14.2.3. SWOT Analysis

14.2.4. Key Market Focus and Geographical Presence

14.2.5. Planned Investments

14.2.1. Market Positioning

14.3. Leading Players Profiled

15. Strategic Recommendations

16. About Us & Disclaimer

RESEARCH METHODOLOGY

17

Research Methodology

✓ Identifying Key Opinion

Leaders

✓ Questionnaire Design

✓ In-depth Interviews

Data Collection

Developing List of Respondents

Formulating Questionnaire

Market Profiling

Data Validation

Data Analysis

In-depth secondary research was conducted to

determine top players in the global laboratory

information system market, overall market size and segmental market size.

In order to conduct industry experts’

interviews, TechSci formulated a detailed

discussion guide.

List of industry players and industry

specialists was developed.

TechSci conducted interviews with

industry experts and industry players for data collection and

verification.

Data obtained as a result of primary and secondary research was

validated through rigorous

triangulation.

The data was scrutinized using MS-Excel, statistical

tools and internal proprietary database to obtain qualitative and

quantitative insights about the global laboratory

information system market.

Data

Collection

Data Filter

& AnalysisResearch &

Intelligence

Actionable

InsightsBusiness

Solution

Primary Research Desk Research Company Analysis

✓ Recent Developments

✓ Market Changing

Aspects/Dynamics

✓ Government Policies

✓ Conclusion

✓ Market Participants

✓ Key Strengths

✓ LinkedIn✓ TechSci Internal

Database

✓ Factiva✓ Hoovers

Paid Sources

✓ Company Websites✓ Company Annual

Reports✓ White Paper Study✓ Financial Reports✓ Investor

Presentations✓ Regulatory Body✓ Associations, etc.

Secondary Research

Primary Research

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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed various aspects of the global laboratory information system market. The team has

analyzed the outlook of various segments of this market, while considering the the major influencing factors such as growing population base suffering

from chronic disorders. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to

achieve sustainability in the global laboratory information system market.

Methodology Followed for Calculation of Market Size:

• Market Size by Value: Market size, in terms of value, for the year 2019 was calculated based on information collected through exhaustive

secondary research and primary surveys, with various key opinion leaders/stakeholders, such as laboratory information system companies, channel

partners, market influencers & end-users, industry experts, and other industry participants.

• The team interviewed more than 15 – 20 laboratory information system companies, 100 – 120 end-users, and 15 – 20 industry experts and other

value chain stakeholders in the global laboratory information system market to obtain the overall market size from 2015 to 2019, which was

validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data

during 2015-2019.

19


• Respondents were asked about the current and future market growth rates, market shares by product, by component, by delivery mode, by end

user, by company and by region. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were

further triangulated from other stakeholders.

Methodology Followed for Calculation of Market Shares:

Market share by product, by component, by delivery mode, by end user, by company and by region were calculated based on the responses received

through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various

segments of laboratory information system markets. The final shares were calculated by taking the geometric mean of the responses gathered from

key opinion leaders after eliminating the outliers.

Methodology Followed for Forecasting:

• TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

SPSS/Tableau Software.

• Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast global laboratory

information system market, TechSci Research used various forecast techniques such as:

✓ Moving Average

✓ Time Series Analysis

✓ Regression Analysis

✓ Econometric and Judgmental Analysis

20


TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used

the impact analysis during short, medium and long term period to estimate the demand and to reach accurate market numbers. It should be noted that

the figures compiled are only for the organized market including market share data. The currency used in the report is the United States Dollar (USD),

with the market size indicated in USD million.

Partial List of Companies Interviewed Key Secondary Sources

• LabVantage

• Abbott Laboratories

• LabWare

• McKesson Corporation

• Thermo Fisher Scientific

• LabLynx

• Computing Solutions

• Labworks LLC

• Siemens

• Dassault Systemes

• Orchard Software Corporation

• Sunquest Information Systems Inc.

• Cerner Corporation

• Computer Programs and Systems, Inc.

• CompuGroup Medical AG

• Meditech

• Epic Systems Corporation

• Schuyler House

• LabHealth

• American Soft Solutions Corp.

▪ World Bank

▪ TechSci Research Proprietary Database & Knowledge

Repository

▪ Company Annual Reports

▪ Industry Magazines

▪ Industry Reports

▪ News Dailies

▪ Credible Paid Databases

21

Industry Brief

According to TechSci Research report, “Global Laboratory Information System Market By Product (Standalone LIS, Integrated LIS), By

Component (Services, Software), By Delivery Mode (On-Premises, Cloud-Based), By End-user (Hospital Labs, Independent Labs, Physician

Office Laboratories, Others), By Region, Forecast & Opportunities, 2025”, global laboratory information system market is expected to witness

robust CAGR during the forecast period. Growing requirement for laboratory automation is one of the major factors accounting for the growth of

global laboratory information system market. Moreover, development of integrated laboratory information systems is expected to bode well for the

growth of global laboratory information system market through the forecast period. In addition to this, rising support for disease treatment

methods and research by the governments across various economies is also anticipated to fuel the demand for associated technologies and

solutions, thereby positively influencing the growth of global laboratory information system market. Also, laboratory information systems offers

several benefits such delivering fast and accurate subtyping for diseases, decrease redundancy and costs, providing quick access to cancer

data, and facilitating data collection and then integrating it through various types of instruments and systems, thereby fueling the growth of this

market. However, there are certain factors that might hamper the growth of global laboratory information system market over the coming years

such as high maintenance and service costs associated with laboratory information systems.

Global laboratory information system market can be segmented based on product, component, delivery mode, end user, company, and region.

Considering the component, the market is fragmented into services and software. The services segment dominated the global laboratory

information system market in terms of largest market share until 2019 and is further anticipated to maintain its dominance during the forecast

period as well, which can be accredited to their indispensable nature as well as repetitive requirement. Moreover, the end users depend on

service providers for consulting, implementing services, data storage, maintenance, training, and regular upgrades of solutions, which is further

anticipated to boost the segmental growth over the coming years. In terms of end user, the market is categorized into hospital labs, independent

labs, physician office laboratories, others. Out of these, the hospital labs segment is forecast to grow at a high CAGR in the years to come, owing

to increasing adoption of laboratory information systems in hospitals for reducing the waiting time for patients and improve the overall quality of

diagnostics.

LabVantage, Abbott Laboratories, LabWare, McKesson Corporation, Thermo Fisher Scientific, LabLyn, Computing Solutions, Labworks LLC,

Siemens, Dassault Systemes, Orchard Software Corporation, Sunquest Information Systems Inc., Cerner Corporation, Computer Programs and

Systems, Inc., CompuGroup Medical AG, Meditech, Epic Systems Corporation, Schuyler House, LabHealth, American Soft Solutions Corp are

among others are the leading players operating in global laboratory information system market. The players are adopting several growth

strategies to enhance the market scenario of laboratory information system. Other competitive strategies include product launches; mergers &

acquisitions; agreements, partnerships, and collaborations; and expansions to diversify their product portfolio to strengthen their market position.

“North America is forecast to dominate the global laboratory information system market during the next five years on account of presence of

several major players in the United States. Furthermore, increased reimbursements for pathology procedures is also contributing to the growing

trend. Additionally, growing cases of cancer in the region are further anticipated to fuel the market over the coming years.”, said Mr. Karan

Chechi, Research Director with TechSci Research, a research based global management consulting firm.

22

Sample Data - Snapshot

Global Laboratory Information System Market Size, By Value (USD Million), 2015-2025F

5.00 6.00 7.00 8.00 9.00 10.00 11.00 12.00 13.00 14.00 15.00

2015 2019 2020E 2025F

By Value (USD Million)

CAGR By Value CAGR By Value

XX% YY%

North America Laboratory Information System Market Share, By Product, By Value, 2015–2025F

50%50%50%50%50%50%50%50%50%50%50%

50%50%50%50%50%50%50%50%50%50%50%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Standalone LIS Integrated LIS

United States Laboratory Information System Market Share, By Component, By Value, 2015–2025F

50%50%50%50%50%50%50%50%50%50%50%

50%50%50%50%50%50%50%50%50%50%50%

2015

2016

2017

2018

2019

2020E

2021F

2022F

2023F

2024F

2025F

Services Software

23

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FORECAST & OPPORTUNITIES

2015 – 2025

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About Us & Disclaimer

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in number of areas

to organizations. The company uses innovative business Modes that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting

Modes use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ Mode of a country, regional and

global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the

market.

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The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely, accurate or

complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and firsthand.

However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors or omissions or for the results

obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together

with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal

consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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