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Sep 14, 2020 6:34 AM ET

Laboratory Information System Market (COVID19- UPDATED) Tremendous Growth by 2026 | Orchard Software Corporation, Sunquest information systems, Inc.


iCrowd Newswire - Sep 14, 2020

The ‘ Laboratory Information System market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview; Laboratory Information System derived key statistics, based on the market status of the manufacturers and is a valuable source of guidance and direction for companies and individuals interested in Laboratory Information System market size forecast, Get report to understand the structure of the complete fine points (Including Full TOC, List of Tables & Figures, Chart).

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A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021

covid-19 scenario Market Behavior/ Level of Risk and Opportunity End Industry Behavior/ Opportunity Assessment Expected Industry Recovery Timeline Business Impact Horizon
Opening of Economy by Q3 2020 xx xx xx xx
Recovery – Opening of Economy extended till Q4 2020 / Q1 2021 xx xx xx xx

Laboratory Information System Market by Delivery Mode .On-premise LIS and Cloud-based LIS), Product .Standalone LIS and Integrated LIS), Component .Services and Software), End-user .Hospital laboratories, Independent laboratories, Physician office laboratories, and Other End- users), Geography .North America, Europe, Asia Pacific and Rest of the World)

The laboratory information system is a software solution that involves recording, managing, and storing the data related to the laboratory information in the clinical laboratories. Laboratory information system allows effective management of research samples and data related to a sample. The laboratory information system data is shareable across various healthcare domains.

Research Methodology:

The laboratory information system market has been analyzed by utilizing the optimum

combination of secondary sources and in-house methodology, along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants have helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

The factors contributing to the market growth of the laboratory information system are the increasing incidence of chronic diseases, the demand for automated laboratory solutions, and the need for efficiency and the necessity to meet the regulatory requirements. Moreover, the increasing demand for cloud-based laboratory information systems and the increasing importance in developing countries provide opportunities for market growth. Somehow, the lack of skilled professionals in this field restraining market growth. The laboratory information system market is predicted to grow at a CAGR of ~6.86% in the forecasting period; the market is growing from a value of $1,810 million in 2020 to $2,690 million in 2026.

This report provides an analysis on the key players – Orchard Software Corporation, Sunquest information systems, Inc., Cerner Corporation, Ecotest, Computer Programs and Systems, Inc., Compugroup Medical ag, Comp Pro Med, Inc., SCC Soft Computer, Epic Systems Corporation, Schuyler House, LabWare, Inc., LabHealth, American Soft Solutions Corp, LigoLab LLC, Allscripts Healthcare Solutions, Inc, Common Cents Systems, Inc, XIFIN, Inc, Cirdan Ltd, and Clinical Software Solutions Ltd.

The laboratory information system market categorized as follows:

Based on Delivery Mode:

 On-premise LIS

 Cloud-based LIS

Based on Product:

 Standalone LIS

 Integrated LIS

Based on Component:

 Services

 Software

Based on End-user:

 Hospital laboratories

 Independent laboratories

 Physician office laboratories

 Other end-users

Based on Geography:

 North America

 Europe

 Asia Pacific

 Rest of the World

Based on delivery mode, the on-premise laboratory information system segment is projected to have the largest share in the laboratory information system market. The on-premise segment is leading due to the reason that on-premise delivery enables users to utilize the solutions from various players, which allows the modification according to the users’ requirements.

The market also segmented based on product type standalone laboratory information system segment has the largest market share with multiple benefits compared to the integrated  laboratory information system, such as the ability to work offline and user-friendly characteristics.

The laboratory information system market based on components is divided into services and software where the services segment is having the largest share in the market. The services segment has the largest demand share due to the essential nature and recurrent usage. The laboratory information system users greatly depend on the services for better solutions.

Further, based on end-users, the hospital laboratories segment is projected to propel the market share. Hospital laboratories enabled turning down the waiting time for patients and for the better quality of diagnostics. In addition, a laboratory information system enables interaction with experts and also able to share the digital slide images of specimens.

Based on the regional analysis, the largest market share is acquired by North America, and the  reasons are the beneficial reimbursement and regulation policies and the growing cases of cancer in this region, which boost the market growth. Europe can be predicted to the next region after

North America to lead the market due to the government support is likely to drive the market growth in this region.

Globally, the laboratory information system is utilized for better and improved diagnosis and also for reducing the diagnosis errors. The reasons which are boosting the market growth such as effective workflow, integration of laboratory information system and electronic health records, as well as cloud-based information, is the current trend in the market. However, the major factors holding back the market growth are the high prices incurred in maintaining and services and the data storage.

Globally, the laboratory information system is playing a significant role in the healthcare

laboratories for advanced information and updated solutions. This report helps clients to get a detailed analysis of the market based on various segments and vendor analysis.

The research report consists of recent developments, including product innovations, joint

ventures, partnerships, and mergers and acquisitions of the leading players.

The competitive landscape includes portfolio analysis and capacity analysis of the major

players.

The report also focuses on government regulations and their impact on the laboratory

information system market.

A systematic step framework for How to Tackle The Situation… “MITIGATE” | “SUSTAIN” | “GROW”: Business Strategy Recovery, Scenario and Planning

Key Segments Studied in the Global Laboratory Information System Market

Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan

In-Depth Qualitative Analyses Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.

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Changing Forecasts in a Time of Crisis: explores key issues, including:

Key questions answered: Study Explore COVID 19 Outbreak Impact Analysis

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Key Points Covered in Laboratory Information System Market Report: COVID 19 Impact Analysis

Table of Contents

Executive Summary

Industry Outlook

Industry Overview

Industry Trends

Market Snapshot

Market Definition

Market Outlook

PEST Analysis

Porter Five Forces

Related Markets

Market characteristics

Market Evolution

Market Trends and Impact

Advantages/Disadvantages of Market

Regulatory Impact

Market Offerings

Market Segmentation

Market Dynamics

Drivers

Restraints

Opportunities

DRO – Impact Analysis

Delivery Mode: Market Size & Analysis

Overview

On-premise LIS

Cloud-based LIS

Product: Market Size & Analysis

Overview

Standalone LIS

Integrated LIS

Component: Market Size & Analysis

Overview

Services

Software

End User: Market Size & Analysis

Overview

Hospital laboratories

Independent laboratories

Physician office laboratories

Other end users

Geography: Market Size & Analysis

Overview

North America

Europe

Asia Pacific

Rest of the World

Competitive Landscape

Competitor Comparison Analysis

Market Developments

Mergers and Acquisitions, Legal, Awards, Partnerships

Product Launches and execution

Vendor Profiles

Orchard Software Corporation

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Sunquest Information Systems, Inc.

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Cerner Corporation

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Ecotest

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Computer Programs and Systems, Inc.

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Compugroup Medical Ag

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Comp Pro Med, Inc.

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Scc Soft Computer

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Epic Systems Corporation

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Comp Pro Med, Inc.

Overview

Product Offerings

Geographic Revenue

Business Units

Developments

Business Strategy

Companies to Watch

Schuyler House

Overview

Market

Business Strategy

LabWare, Inc.

Overview

Market

Business Strategy

LabHealth

Overview

Market

Business Strategy

American Soft Solutions Corp

Overview

Market

Business Strategy

LigoLab LLC

Overview

Market

Business Strategy

Allscripts Healthcare Solutions, Inc

Overview

Market

Business Strategy

Common Cents Systems, Inc

Overview

Market

Business Strategy

XIFIN, Inc

Overview

Market

Business Strategy

Cirdan Ltd

Overview

Market

Business Strategy

Clinical Software Solutions Ltd

Overview

Market

Business Strategy

Analyst Opinion

Annexure

Report Scope

Market Definitions

Research Methodology

Data Collation and In-house Estimation

Market Triangulation

Forecasting

Report Assumptions

Declarations

Stakeholders

Abbreviations

Continued….

……..and view more in complete table of Contents

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