Laboratory Information Systems (LIS) Market Sales Revenue Forecast 2027
The global Laboratory Information Systems (LIS) market gathered revenue around USD 1.0 Billion in 2020 and market is set to grow USD 3.9 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 10.0% during the prediction period 2021 to 2027.
-Market-Size-2020-to-2027.jpg "Laboratory Information Systems (LIS) Market Size 2020 to 2027")
Growth Factors:
The Growth in this Laboratory Information Systems Market can be primarily attributed to the need for laboratory automation, development of integrated laboratory information systems, need to comply with regulatory requirements, rising prevalence of chronic diseases, and growing adoption of LIS to enhance lab efficiency.
Laboratory information systems (LIS) help streamline laboratory processes to decrease specimen handling time, increase productivity, and improve turnaround time.
The COVID-19 pandemic has had a significant impact on the world's population and economy. As a result of the pandemic, healthcare facilities face immense pressure to create a well-coordinated environment where all clinical functions are connected internally, and the organization operates in coordination with other healthcare units. The novel coronavirus pandemic has exerted enormous strain on the functioning of healthcare and life sciences industries. Research laboratories focused on developing treatments or vaccines for COVID-19 need an effective end-to-end solution to improve the quality, productivity, and rapidity of the vaccine manufacturing process. This is likely to increase the uptake of informatics solutions, such as LIS.
This research report purposes at stressing the most lucrative growth prospects. The aim of the research report is to provide an inclusive valuation of the Laboratory Information Systems (LIS) market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Laboratory Information Systems (LIS) market report aids in comprehending market structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
Report Coverage
| Report Scope | Details |
| Market Size | USD 3.9 Billion by 2027 |
| Growth Rate | CAGR of 10.0% From 2021 to 2027 |
| Base Year | 2020 |
| Forecast Period | 2021 to 2027 |
| Historic Data | 2017 to 2020 |
| Report coverage | Growth Factors, Revenue Status, Competitive Landscape, and Future Trends |
| Segments Covered | By Product, Component, Delivery Mode, End User, & Region |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Companies Mentioned | Software Corporation, Sunquest Information Systems, Cerner Corporation, CompuGroup Medical, Computer Programs and Systems Inc., Meditech, SCC Soft Computer, Epic Systems Corporation, Comp Pro Med, American Soft Solutions Corp., and Allscripts Healthcare Solutions, Inc. among others. |
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-down impact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilar across various industry verticals. The research report offers present short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lasting tactics for recovery and by region.
Laboratory Information Systems (LIS) market Report empowers readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplishes sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Competitive Rivalry
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share. Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Some of the prominent players in the Laboratory Information Systems (LIS) Market include: Software Corporation, Sunquest Information Systems, Cerner Corporation, CompuGroup Medical, Computer Programs and Systems Inc., Meditech, SCC Soft Computer, Epic Systems Corporation, Comp Pro Med, American Soft Solutions Corp., and Allscripts Healthcare Solutions, Inc. among others.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:
By Product
By Component
By Delivery Mode
By End User
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East & Africa (MEA)
Highlights of the Report:
Research Methodology
In the study, a unique research methodology is utilized to conduct extensive research on the growth of the Laboratory Information Systems (LIS) market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure the accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the Laboratory Information Systems (LIS) market study are as follows - statistics from government organizations, trade journals, white papers, and internal and external proprietary databases. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, all of whom have contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as a validation from companies in the market, and makes the projections on the growth prospects of the Laboratory Information Systems (LIS) markets more accurate and reliable.
Secondary Research
It involves company databases such as Hoover's: This assists us recognize financial information, structure of the market participants and industry competitive landscape.
The secondary research sources referred in the process are as follows:
Primary Research
Primary research includes face-to face interviews, online surveys, and telephonic interviews.
Industry participants involved in this research study include:
Key Points Covered in Laboratory Information Systems (LIS) market Study:
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Laboratory Information Systems (LIS) Market, By Product
7.1. Laboratory Information Systems (LIS) Market, By Product, 2021-2027
7.1.1. Standalone LIS
7.1.1.1. Market Revenue and Forecast (2016-2027)
7.1.2. Integrated LIS
7.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 8. Global Laboratory Information Systems (LIS) Market, By Component
8.1. Laboratory Information Systems (LIS) Market, By Component, 2021-2027
8.1.1. Services
8.1.1.1. Market Revenue and Forecast (2016-2027)
8.1.2. Software
8.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 9. Global Laboratory Information Systems (LIS) Market, By Delivery Mode
9.1. Laboratory Information Systems (LIS) Market, By Delivery Mode, 2021-2027
9.1.1. On-premise
9.1.1.1. Market Revenue and Forecast (2016-2027)
9.1.2. Cloud-based
9.1.2.1. Market Revenue and Forecast (2016-2027)
Chapter 10.Global Laboratory Information Systems (LIS) Market, By End User
10.1. Laboratory Information Systems (LIS) Market, By End User, 2021-2027
10.1.1. Hospital Laboratories
10.1.1.1. Market Revenue and Forecast (2016-2027)
10.1.2. Independent Laboratories
10.1.2.1. Market Revenue and Forecast (2016-2027)
10.1.3. POLs
10.1.3.1. Market Revenue and Forecast (2016-2027)
10.1.4. Other end users
10.1.4.1. Market Revenue and Forecast (2016-2027)
Chapter 11.Global Laboratory Information Systems (LIS) Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, By Product (2016-2027)
11.1.2. Market Revenue and Forecast, By Component (2016-2027)
11.1.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.1.4. Market Revenue and Forecast, By End User (2016-2027)
11.1.5. U.S.
11.1.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.1.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.1.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.1.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.1.6. Rest of North America
11.1.6.1. Market Revenue and Forecast, By Product (2016-2027)
11.1.6.2. Market Revenue and Forecast, By Component (2016-2027)
11.1.6.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.1.6.4. Market Revenue and Forecast, By End User (2016-2027)
11.2. Europe
11.2.1. Market Revenue and Forecast, By Product (2016-2027)
11.2.2. Market Revenue and Forecast, By Component (2016-2027)
11.2.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.2.4. Market Revenue and Forecast, By End User (2016-2027)
11.2.5. UK
11.2.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.2.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.2.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.2.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.2.6. Germany
11.2.6.1. Market Revenue and Forecast, By Product(2016-2027)
11.2.6.2. Market Revenue and Forecast, By Component (2016-2027)
11.2.6.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.2.6.4. Market Revenue and Forecast, By End User (2016-2027)
11.2.7. France
11.2.7.1. Market Revenue and Forecast, By Product (2016-2027)
11.2.7.2. Market Revenue and Forecast, By Component (2016-2027)
11.2.7.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.2.7.4. Market Revenue and Forecast, By End User (2016-2027)
11.2.8. Rest of Europe
11.2.8.1. Market Revenue and Forecast, By Product (2016-2027)
11.2.8.2. Market Revenue and Forecast, By Component (2016-2027)
11.2.8.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.2.8.4. Market Revenue and Forecast, By End User (2016-2027)
11.3. APAC
11.3.1. Market Revenue and Forecast, By Product (2016-2027)
11.3.2. Market Revenue and Forecast, By Component (2016-2027)
11.3.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.3.4. Market Revenue and Forecast, By End User (2016-2027)
11.3.5. India
11.3.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.3.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.3.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.3.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.3.6. China
11.3.6.1. Market Revenue and Forecast, By Product (2016-2027)
11.3.6.2. Market Revenue and Forecast, By Component (2016-2027)
11.3.6.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.3.6.4. Market Revenue and Forecast, By End User (2016-2027)
11.3.7. Japan
11.3.7.1. Market Revenue and Forecast, By Product (2016-2027)
11.3.7.2. Market Revenue and Forecast, By Component (2016-2027)
11.3.7.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.3.7.4. Market Revenue and Forecast, By End User (2016-2027)
11.3.8. Rest of APAC
11.3.8.1. Market Revenue and Forecast, By Product (2016-2027)
11.3.8.2. Market Revenue and Forecast, By Component (2016-2027)
11.3.8.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.3.8.4. Market Revenue and Forecast, By End User (2016-2027)
11.4. MEA
11.4.1. Market Revenue and Forecast, By Product (2016-2027)
11.4.2. Market Revenue and Forecast, By Component (2016-2027)
11.4.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.4.4. Market Revenue and Forecast, By End User (2016-2027)
11.4.5. GCC
11.4.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.4.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.4.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.4.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.4.6. North Africa
11.4.6.1. Market Revenue and Forecast, By Product (2016-2027)
11.4.6.2. Market Revenue and Forecast, By Component (2016-2027)
11.4.6.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.4.6.4. Market Revenue and Forecast, By End User (2016-2027)
11.4.7. South Africa
11.4.7.1. Market Revenue and Forecast, By Product (2016-2027)
11.4.7.2. Market Revenue and Forecast, By Component (2016-2027)
11.4.7.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.4.7.4. Market Revenue and Forecast, By End User (2016-2027)
11.4.8. Rest of MEA
11.4.8.1. Market Revenue and Forecast, By Product (2016-2027)
11.4.8.2. Market Revenue and Forecast, By Component (2016-2027)
11.4.8.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.4.8.4. Market Revenue and Forecast, By End User (2016-2027)
11.5. Latin America
11.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.5.5. Brazil
11.5.5.1. Market Revenue and Forecast, By Product (2016-2027)
11.5.5.2. Market Revenue and Forecast, By Component (2016-2027)
11.5.5.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.5.5.4. Market Revenue and Forecast, By End User (2016-2027)
11.5.6. Rest of LATAM
11.5.6.1. Market Revenue and Forecast, By Product (2016-2027)
11.5.6.2. Market Revenue and Forecast, By Component (2016-2027)
11.5.6.3. Market Revenue and Forecast, By Delivery Mode (2016-2027)
11.5.6.4. Market Revenue and Forecast, By End User (2016-2027)
Chapter 12. Company Profiles
12.1. Software Corporation
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Sunquest
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Information Systems
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Cerner Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. CompuGroup Medical
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Computer Programs and Systems Inc.
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Meditech
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. SCC Soft Computer
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Epic Systems Corporation
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Comp Pro Med
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles
(Upto 5 With No Cost)
Additional Countries (Apart
From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers