HOME Top Market Reports Laboratory Information System /LIS Market by Product (Standalone, Integrated), Component (Services, Software), End User (Hospital Labs, Independent Labs), Delivery Mode (On-premise, Web-based, Cloud-based) - Analysis & Forecasts to 2021

Laboratory Information System /LIS Market by Product (Standalone, Integrated), Component (Services, Software), End User (Hospital Labs, Independent Labs), Delivery Mode (On-premise, Web-based, Cloud-based) - Analysis & Forecasts to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: HIT 2808

 

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The laboratory information system market is poised to reach USD 2.12 Billion by 2021, growing at a CAGR of 9.1% during the forecast period of 2016 to 2021. The growth of the overall laboratory information system market can be contributed to the rising chronic disease prevalence, utilization of laboratory information system for enhancing laboratory workflow efficiency, and increasing government and industry player’s initiatives into the laboratory services. However, high cost of LIS systems and lack of skilled healthcare IT professionals are likely to hamper the growth of the market.

This report segments the laboratory information system market based on product, delivery mode, component, end user and region. The product segments described in the report are standalone LIS and integrated LIS system. The standalone LIS segment is expected to account for the largest share of the market in 2016. The large share of this segment is mainly attributed to the ability of these systems to work offline and independently for laboratories along with user-friendly nature as compared to integrated systems. Integrated LIS segment is projected to have fastest growth rate in the forecast period, due to its reduced additional maintenance and installation cost.

North America is estimated to account for the largest share of the global laboratory information system market. Increasing chronic diseases prevalence, rising demand for quality diagnostics, favorable reimbursement policies, and initiatives undertaken by governments are some of the key factors driving the growth of the laboratory information system market in North America. Europe is expected to account for the second-largest share of the market. A majority of the leading players in the laboratory information system market are pursuing the strategies of product deployments, new product launches, and partnerships.

In the coming years, the laboratory information system market is expected to witness the highest growth in the Asia-Pacific region. Factors such as large patient population, increasing initiatives in the healthcare industry by the government and key market players, and rising adoption of advanced technologies for disease diagnosis are driving the growth of the laboratory information system market in this region.

Prominent players in the global laboratory information system market are Cerner Corporation (U.S.), McKesson Corporation (U.S.), Epic Corporation Inc. (U.S.), Medical Information Technology, Inc. (U.S.), SCC Soft Computer (U.S.), Sunquest Information Systems, Inc. (U.S.), CompuGroup Medical AG (Germany), Computer Programs and Systems, Inc. (U.S.), Merge Healthcare, Inc. (U.S.), and Orchard Software Corporation (U.S.).

Target Audience: 

  • Laboratory information system (LIS) Equipment Manufacturers
  • Original Equipment Manufacturers
  • Suppliers And Distributors Of Laboratory information system (LIS) Equipment
  • Teaching Hospitals and Academic Medical Centers (AMCs)
  • Research and Consulting Firms
  • Venture Capitalists
  • Community Centers

To know about the assumptions considered for the study, download the pdf brochure

Scope of the Report:

This research report categorizes laboratory information system market into the following segments:

Laboratory Information System Market, by Product

  • Standalone LIS
  • Integrated LIS

Laboratory Information System Market, by Delivery Mode

  • On premise LIS
  • Web-based LIS
  • Cloud-based LIS

Laboratory Information System Market, by Component

  • Services
  • Software

Laboratory Information System Market, by End User

  • Hospital Laboratories
  • Independent Laboratories
  • Physician Office Laboratories (POL)
  • Other end users (Blood banks, retail clinics and nursing homes)

Laboratory Information System Market, by Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization option is available for the report:

Portfolio Assessment

  • Product Matrix, which gives a detailed comparison of the product portfolios of the top five companies in the market
  • Detailed analysis and profiling of additional market players (up to 3)

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Laboratory Information System Market Definition
    1.3 Laboratory Information System Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Methodology Steps
    2.2 Secondary and Primary Research Methodology
           2.2.1 Secondary Research
                     2.2.1.1 Key Data From Secondary Sources
           2.2.2 Primary Research
                     2.2.2.1 Key Industry Insights
                     2.2.2.2 Key Data From Primary Sources
                     2.2.2.3 Key Insights From Primary Sources
    2.3 Laboratory Information System Market Size Estimation Methodology
    2.4 Laboratory Information System Market Forecast Methodology
    2.5 Laboratory Information System Market Data Validation and Triangulation
    2.6 Assumptions

3 Executive Summary (Page No. - 30)
    3.1 Current and Future Outlook
    3.2 Conclusion

4 Premium Insights (Page No. - 35)
    4.1 Laboratory Information System: Market Overview
    4.2 Geographic Analysis: Laboratory Information System Market, By End User
    4.3 Laboratory Information System Market, By Product
    4.4 Laboratory Information System Market, By Component
    4.5 Laboratory Information System Market, By Delivery Mode
    4.6 Geographic Snapshot: Laboratory Information System Market

5 Market Overview (Page No. - 40)
    5.1 Introduction
    5.2 Market Segmentation
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 Rising Prevalence and Incidence of Chronic Diseases
                     5.3.1.2 Strong Government Support and Initiatives to Promote Healthcare It Implementation
                     5.3.1.3 Increasing Adoption of Laboratory Information System to Enhance Lab Efficiency
                     5.3.1.4 Integration of Laboratory Information System and Ehr Systems
                     5.3.1.5 Growing Need to Curb the Rising Number of Diagnostic Errors
                     5.3.1.6 Reimbursement Scenario for Laboratories in the U.S.
                     5.3.1.7 Introduction of New and Advanced Products
           5.3.2 Restraints
                     5.3.2.1 High Cost of Laboratory Information System
                     5.3.2.2 Lack of Skilled It Professionals in the Healthcare Industry
           5.3.3 Opportunities
                     5.3.3.1 Personalized Medicine to Open an Array of Opportunities
                     5.3.3.2 Emerging Markets
           5.3.4 Challenges
                     5.3.4.1 Interoperability and Technical Issues
                     5.3.4.2 Requirement of Specialized Laboratory Units for Microbiology, Chemistry, and Hematology Present Challenges for LIS Vendors
                     5.3.4.3 Large Image Size Creates Data Storage Challenges
    5.4 Interoperability Standards and Regulatory Implications
           5.4.1 Process Standards
           5.4.2 Technical Standards
           5.4.3 Structure and Syntax
           5.4.4 Transport
           5.4.5 Privacy & Security
           5.4.6 Semantic Standards

6 Laboratory Information System Market, By Product (Page No. - 55)
    6.1 Introduction
    6.2 Standalone LIS
    6.3 Integrated LIS

7 Laboratory Information System Market, By Delivery Mode (Page No. - 61)
    7.1 Introduction
    7.2 On-Premise LIS
    7.3 Web-Based LIS
    7.4 Cloud-Based LIS

8 Laboratory Information System Market, By Component (Page No. - 68)
    8.1 Introduction
    8.2 Services
    8.3 Software

9 Laboratory Information System Market, By End User (Page No. - 74)
    9.1 Introduction
    9.2 Hospital Laboratories
    9.3 Independent Laboratories
    9.4 Physician Office Laboratories
    9.5 Other End Users

10 Global Laboratory Information System Market, By Region (Page No. - 85)
     10.1 Introduction
     10.2 North America
               10.2.1 U.S.
                           10.2.1.1 Increasing Healthcare Spending and Burden of Chronic Diseases
                           10.2.1.2 Regulatory Mandates in the U.S.
                           10.2.1.3 Investments for Hcit in the U.S.
                           10.2.1.4 Initiatives By Industry Players to Advance Laboratory Diagnosis
               10.2.2 Canada
                           10.2.2.1 Implementation of Favorable Initiatives By Canadian Authorities
                           10.2.2.2 Growing Need for Quality Cancer Diagnosis in Canada
                           10.2.2.3 Rising Personalized Medicine Initiatives in Canada
     10.3 Europe
               10.3.1 Germany
                           10.3.1.1 Growing Focus of Players on the LIS Market in Germany
               10.3.2 U.K.
                           10.3.2.1 Government Initiatives in the U.K. Likely to Propel the Adoption of Laboratory Information System
               10.3.3 France
                           10.3.3.1 Growing Geriatric Population to Create A Potential Market for Digital Healthcare in France
               10.3.4 RoE
     10.4 Asia-Pacific
               10.4.1 Investments and Reforms to Modernize China’s Healthcare Infrastructure
               10.4.2 Growing Ehr Adoption in China
               10.4.3 Cancer Diagnostic Initiatives to Propel the Market in Japan
               10.4.4 Rapidly Growing Indian Healthcare Industry
               10.4.5 Growth in Medical Tourism to Increase the Burden on Clinical Laboratories
               10.4.6 Implementation of Hcit Programs in Australia and New Zealand
               10.4.7 Government Initiatives to Boost Healthcare It in Singapore
     10.5 RoW
               10.5.1 Potential for Growth of the Laboratory Information System Market in Africa
               10.5.2 Rising Awareness Regarding Hcit Solutions in Brazil
               10.5.3 Modernization of Healthcare Systems in the Middle East

11 Competitive Landscape (Page No. - 124)
     11.1 Overview
     11.2 Competitive Situation and Trends
               11.2.1 Product Deployments
               11.2.2 Product Launches, Enhancements, and Integration
               11.2.3 Agreements, Alliances, Partnerships, and Collaborations
               11.2.4 Acquisitions
               11.2.5 Expansions
               11.2.6 Other Developments

12 Company Profiles (Page No. - 134)
(Business Overview, Company Snapshot, Recent Developments, & MnM View)*
     12.1 Introduction
     12.2 Cerner Corporation
     12.3 Mckesson Corporation
     12.4 Sunquest Information Systems, Inc. (Acquired By Roper Technologies, Inc.)
     12.5 EPIC Systems Corporation
     12.6 Meditech (Medical Information Technology, Inc.)
     12.7 Compugroup Medical AG
     12.8 Computer Programs and Systems, Inc. (CPSI)
     12.9 Merge Healthcare, Inc. (Subsidiary of International Business Machines (IBM) Corp.)
     12.10 SCC Soft Computer
     12.11 Orchard Software Corporation

*Details on Marketsandmarkets View, Introduction, Product & Services, Strategy, & Analyst Insights, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 157)
     13.1 Discussion Guide
     13.2 Company Developments (2013–2016)
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing Rt: Real-Time Market Intelligence
     13.5 Available Customizations
     13.6 Related Reports


List of Tables (86 Tables)

Table 1 Key Regulations & Standards Governing Healthcare Information Technologies Across the Globe
Table 2 Global LIS Market Size, By Product, 2014–2021 (USD Million)
Table 3 Standalone LIS Market Size, By Region, 2014–2021 (USD Million)
Table 4 North America: Standalone LIS Market Size, By Country,2014–2021 (USD Million)
Table 5 Europe: Standalone LIS Market Size, By Country,2014–2021 (USD Million)
Table 6 Integrated LIS Market Size, By Region, 2014–2021 (USD Million)
Table 7 North America: Integrated LIS Market Size, By Country,2014–2021 (USD Million)
Table 8 Europe: Integrated LIS Market Size, By Country,2014–2021 (USD Million)
Table 9 Global LIS Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 10 On-Premise LIS Market Size, By Region, 2014–2021 (USD Million)
Table 11 North America: On-Premise LIS Market Size, By Country,2014–2021 (USD Million)
Table 12 Europe: On-Premise LIS Market Size, By Country,2014–2021 (USD Million)
Table 13 Web-Based LIS Market Size, By Region, 2014–2021 (USD Million)
Table 14 North America: Web-Based LIS Market Size, By Country,2014–2021 (USD Million)
Table 15 Europe: Web-Based LIS Market Size, By Country, 2014–2021 (USD Million)
Table 16 Cloud-Based LIS Market Size, By Region, 2014–2021 (USD Million)
Table 17 North America: Cloud-Based LIS Market Size, By Country,2014–2021 (USD Million)
Table 18 Europe: Cloud-Based LIS Market Size, By Country,2014–2021 (USD Million)
Table 19 Global LIS Market Size, By Component, 2014–2021 (USD Million)
Table 20 LIS Services Market Size, By Region, 2014–2021 (USD Million)
Table 21 North America: LIS Services Market Size, By Country,2014–2021 (USD Million)
Table 22 Europe: LIS Services Market Size, By Country, 2014–2021 (USD Million)
Table 23 LIS Software Market Size, By Region, 2014–2021 (USD Million)
Table 24 North America: LIS Software Market Size, By Country,2014–2021 (USD Million)
Table 25 Europe: LIS Software Market Size, By Country, 2014–2021 (USD Million)
Table 26 Laboratory Information Systems Market Size, By End User,2014–2021 (USD Million)
Table 27 Laboratory Information Systems Market Size for Hospital Laboratories, By Country/Region, 2014–2021 (USD Million)
Table 28 North America: Laboratory Information Systems Market Size for Hospital Laboratories, By Country,2014–2021 (USD Million)
Table 29 Europe: Laboratory Information Systems Market Size for Hospital Laboratories, By Country, 2014–2021 (USD Million)
Table 30 Laboratory Information Systems Market Size for Independent Laboratories, By Region, 2014–2021 (USD Million)
Table 31 North America: Laboratory Information Systems Market Size for Independent Laboratories, By Country,2014–2021 (USD Million)
Table 32 Europe: Laboratory Information Systems Market Size for Independent Laboratories, By Country, 2014–2021 (USD Million)
Table 33 Laboratory Information Systems Market Size for Physician Office Laboratories, By Region, 2014–2021 (USD Million)
Table 34 North America: Laboratory Information Systems Market Size for Physician Office Laboratories, By Country, 2014–2021 (USD Million)
Table 35 Europe: Laboratory Information Systems Market Size for Physician Office Laboratories, By Country, 2014–2021 (USD Million)
Table 36 Laboratory Information Systems Market Size for Other End Users, By Region, 2014–2021 (USD Million)
Table 37 North America: Laboratory Information Systems Market Size for Other End Users, By Country, 2014–2021 (USD Million)
Table 38 Europe: Laboratory Information Systems Market Size for Other End Users, By Country, 2014–2021 (USD Million)
Table 39 Laboratory Information Systems Market Size, By Region,2014–2021 (USD Million)
Table 40 North America: Laboratory Information Systems Market Size, By Country, 2014–2021 (USD Million)
Table 41 North America: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 42 North America: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 43 North America: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 44 North America: Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 45 U.S.: Macroeconomic Indicators for the HCIT Market
Table 46 U.S.: Laboratory Information Systems Market Size, By Product,2014–2021 (USD Million)
Table 47 U.S.: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 48 U.S.: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 49 U.S.: Laboratory Information Systems Market Size, By End User,2014–2021 (USD Million)
Table 50 Canada.: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 51 Canada: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 52 Canada: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 53 Canada: Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 54 Europe: Laboratory Information Systems Market Size, By Country, 2014–2021 (USD Million)
Table 55 Europe: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 56 Europe: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 57 Europe: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 58 Europe: Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 59 Germany: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 60 Germany: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 61 Germany: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 62 Germany: Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 63 U.K.: Laboratory Information Systems Market Size, By Product,2014–2021 (USD Million)
Table 64 U.K.: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 65 U.K.: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 66 U.K.: Laboratory Information Systems Market Size, By End User,2014–2021 (USD Million)
Table 67 France: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 68 France: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 69 France: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 70 France: Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 71 RoE: Laboratory Information Systems Market Size, By Product,2014–2021 (USD Million)
Table 72 RoE: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 73 RoE: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 74 RoE: Laboratory Information Systems Market Size, By End User,2014–2021 (USD Million)
Table 75 Asia-Pacific: Laboratory Information Systems Market Size, By Product, 2014–2021 (USD Million)
Table 76 Asia-Pacific: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 77 Asia-Pacific: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 78 Asia-Pacific : Laboratory Information Systems Market Size, By End User, 2014–2021 (USD Million)
Table 79 RoW: Laboratory Information Systems Market Size, By Product,2014–2021 (USD Million)
Table 80 RoW: Laboratory Information Systems Market Size, By Delivery Mode, 2014–2021 (USD Million)
Table 81 RoW: Laboratory Information Systems Market Size, By Component, 2014–2021 (USD Million)
Table 82 RoW: Laboratory Information Systems Market Size, By End User,2014–2021 (USD Million)
Table 83 Product Deployments (2013–2016)
Table 84 Product Launches, Enhancements, and Integration (2013–2016)
Table 85 Agreements, Alliances, Partnerships, and Collaborations (2013–2016)
Table 86 Other Developments (2013–2016) 
 
 
List of Figures (44 Figures)
 
Figure 1 Global Laboratory Information Systems Market: Research Methodology Steps
Figure 2 Break Down of Primary Interviews: By Company Type, Designation, and Region
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Research Design
Figure 6 Data Triangulation Methodology
Figure 7 North America to Dominate the Global Laboratory Information Systems Market in 2016
Figure 8 Integrated LIS Segment to Have Fastest Growth Rate During the Forecast Period
Figure 9 On-Premise LIS Segment to Dominate the Global Laboratory Information Systems Market in 2016
Figure 10 Software Segment to Grow at the Highest CAGR During the Forecast Period
Figure 11 Hospital Laboratories Segment Will Continue to Dominate the LIS Market in 2021
Figure 12 Asia-Pacific LIS Market to Grow at the Highest CAGR During the Forecast Period
Figure 13 Asia-Pacific Laboratory Information Systems Market to Register the Highest Growth Rate During the Forecast Period
Figure 14 Hospital Laboratories Segment to Dominate the Global Laboratory Information Systems Market in 2016
Figure 15 Integrated LIS Segment to Grow at the Highest CAGR During the Forecast Period
Figure 16 Services Segment to Command the Largest Market Share in 2016
Figure 17 On-Premise LIS Delivery Mode Segment Will Continue to Dominate the Laboratory Information Systems Market in 2021
Figure 18 Asia-Pacific to Register the Highest Growth Rate in the Forecast Period
Figure 19 Laboratory Information Systems Market Segmentation
Figure 20 Laboratory Information Systems Market: Drivers, Restraints, Opportunities, and Challenges
Figure 21 Integrated LIS Segment to Grow at the Highest Rate During the Forecast Period
Figure 22 On-Premise Mode to Dominate the LIS Market in 2016
Figure 23 Services to Form the Largest Segment of the LIS Components Market in 2016
Figure 24 Independent Laboratories Segment to Grow at the Highest Rate During the Forecast Period
Figure 25 Laboratory Information Systems Market, By Region, 2016
Figure 26 North America: Laboratory Information Systems Market Snapshot (2016)
Figure 27 Europe: Laboratory Information Systems Market Snapshot (2016)
Figure 28 Asia-Pacific: Laboratory Information System (LIS) Market Snapshot (2016)
Figure 29 RoW: Laboratory Information Systems Market Snapshot (2016)
Figure 30 Top 5 Strategies Adopted By Players in the Last 3 Years (2013-2016)
Figure 31 Battle for Market Share: Product Deployments Was the Key Strategy Adopted By Market Players (2013–2016)
Figure 32 Product Deployments, By Company (2013–2016)
Figure 33 Product Launches, Enhancements, and Integration, By Company(2013–2016)
Figure 34 Agreements, Alliances, Partnerships, and Collaborations, By Company (2013–2016)
Figure 35 Acquisitions, By Company (2013–2016)
Figure 36 Expansions, By Company (2013–2016)
Figure 37 Other Developments, By Company (2013–2016)
Figure 38 Geographical Revenue Mix of the Key Players in the LIS Market (2015)
Figure 39 Cerner Corporation : Company Snapshot
Figure 40 Mckesson Corporation: Company Snapshot
Figure 41 Roper Technologies, Inc.: Company Snapshot
Figure 42 Compugroup Medical AG: Company Snapshot
Figure 43 Computer Programs and Systems, Inc.: Company Snapshot
Figure 44 IBM Corp.: Company Snapshot

The global laboratory information system market is expected to reach USD 2.12 Billion by 2021 from USD 1.37 Billion in 2016, growing at a CAGR of 9.1% from 2016 to 2021.

The global laboratory information system market is segmented on the basis of product, delivery mode, component, and end-users. By product, the market is segmented into standalone LIS and integrated LIS systems. The standalone LIS segment is estimated to account for the largest share of the global laboratory information system market in 2016. Integrated LIS segment is projected to grow at the highest CAGR during the forecast period. This growth is attributed to the reduction of the separate maintenance and service cost of these LIS solutions.

On basis of delivery mode, the market is segmented into on premise LIS, web-based LIS and cloud-based LIS. The on premise segment is expected to account for the largest share of the laboratory information system market in 2016. This is attributed to the data security and customization feature of these delivery mode.

The laboratory information system market, based on component, is segmented into services and software. The services segment is expected to account for the largest share of the laboratory information system market in 2016. This is mainly attributed to indispensable nature of these services along with availability of advanced LIS services by key players. The software segment is expected to grow at the highest CAGR during the forecast period.

On the basis of end users, the laboratory information system market is segmented into hospital laboratories, independent laboratories, physician office laboratories (POL) and other end users (Blood banks, retail clinics and nursing homes). The hospital laboratories segment is expected to account for the largest share of the market in 2016, and is projected to grow at significant CAGR during the forecast period. Affordable LIS solutions for hospitals and need for laboratory data attributed to the growth of laboratory information system market.

On the basis of regions, the laboratory information system market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America is expected to account for the largest share of the market in 2016. The large share of the North American region can be attributed to the rising chronic disease prevalence and increasing initiatives by industry players and government in field of healthcare IT. However, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

Laboratory Information System/LIS Market

Source: Healthcare Information Management Systems Society (HIMSS), Society for Laboratory Automation and Screening, American Association for Clinical Chemistry (AACC), European Coordination Committee of the Radiological Electrometrical and Health Care IT Industry (COCIR), American Health Information Management Association (AHIMA), U.S. Food and Drug Administration, The College of American Pathologists (CAP), American Society for Clinical Pathology, Centers for Medicare and Medicaid Services (CMS), Annual Reports, Press Releases, Expert Interviews, and MarketsandMarkets Analysis

Some of the major players in the laboratory information system market are Cerner Corporation (U.S.), McKesson Corporation (U.S.), Epic Corporation Inc. (U.S.), Medical Information Technology, Inc. (U.S.), SCC Soft Computer (U.S.), Sunquest Information Systems, Inc. (U.S.), CompuGroup Medical AG (Germany), Computer Programs and Systems, Inc. (U.S.), Merge Healthcare, Inc. (U.S.), and Orchard Software Corporation (U.S.).

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