NORTH AMERICA LABORATORY INFORMATION SYSTEMS MARKET FORECAST 2017-2025
KEY FINDINGS
The North America laboratory information systems market was valued at $559 million in 2016 and expected to reach $1259 million by 2025 growing at a CAGR of 9.48% during the forecast period of 2017-2025.
MARKET INSIGHTS
The market segmentation is done on the basis of component, deployment mode, end-user, and product. The component segment is further divided into services and software. The deployment mode can either be cloud based, on-premises, and web based. The end-users for the market include independent laboratories, hospitals, physician office laboratories, etc and the product type includes standalone and integrated type.
COMPETITIVE INSIGHTS
Some of the important players in the market include Thermo Fisher Scientific, Evident, Abbott Informatics (Starlims), Baytek International, Merge Healthcare Incorporated, Orchard Software Corporation, Labvantage Solutions Inc, Aac Infotray AG Compugroup Medical AG, Labware Inc.and Medical Information Technology Inc.
The North America laboratory information systems market was valued at $559 million in 2016 and expected to reach $1259 million by 2025 growing at a CAGR of 9.48% during the forecast period of 2017-2025.
MARKET INSIGHTS
The market segmentation is done on the basis of component, deployment mode, end-user, and product. The component segment is further divided into services and software. The deployment mode can either be cloud based, on-premises, and web based. The end-users for the market include independent laboratories, hospitals, physician office laboratories, etc and the product type includes standalone and integrated type.
COMPETITIVE INSIGHTS
Some of the important players in the market include Thermo Fisher Scientific, Evident, Abbott Informatics (Starlims), Baytek International, Merge Healthcare Incorporated, Orchard Software Corporation, Labvantage Solutions Inc, Aac Infotray AG Compugroup Medical AG, Labware Inc.and Medical Information Technology Inc.
1. RESEARCH SCOPE
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
2.5. ESTIMATION METHODOLOGY
3. EXECUTIVE SUMMARY
3.1. KEY FINDINGS
3.1.1. INCREASING DEMAND FOR CLOUD BASED LABORATORY INFORMATION SYSTEM
3.1.2. NORTH AMERICA IS ANTICIPATED TO ACCOUNT THE LARGEST REVENUE SHARE IN 2017
3.1.3. SERVICES SEGMENT LEADS THE MARKET IN COMPONENT SEGMENT
4. MARKET OVERVIEW
4.1. MARKET EVOLUTION
4.2. LIS INDUSTRY FRAMEWORK
4.3. REGULATIONS INFLUENCING THE LABORATORY INFORMATION SYSTEM
4.4. MARKET DYNAMICS
4.4.1. DRIVERS
4.4.1.1. INCREASING DEMAND IN EMERGING ECONOMIES
4.4.1.2. CLOUD BASED LABORATORY INFORMATION SYSTEM IS DRIVING THE MARKET GROWTH
4.4.1.3. INCREASING INVESTMENTS IN R&D
4.4.1.4. GROWING ADOPTION AND USAGE OF LIS FROM END-USERS
4.4.1.5. DIGITAL TRANSFORMATION IN HEALTHCARE OFFERINGS
4.4.1.6. CONSUMERS GROWING PREFERENCE FOR BETTER FACILITIES AND PATIENT CARE
4.4.1.7. INCREASING PENETRATION OF MOBILE APPLICATIONS IN HEALTHCARE SOLUTIONS
4.4.2. RESTRAINTS
4.4.2.1. LACK OF PROPER STANDARDS FOR LIS SYSTEMS
4.4.2.2. HIGH COST OF IMPLEMENTATION
4.4.2.3. HEALTHCARE INFORMATION SOFTWARE COME WITH HIGH MAINTENANCE COST
4.4.2.4. RISING SECURITY CONCERNS REGARDING CONFIDENTIAL DATA
4.4.3. OPPORTUNITIES
4.4.3.1. INCREASE IN HEALTHCARE SPENDING OF EMERGING NATIONS
4.4.3.2. PROPER PRODUCTIVITY AND COST MANAGEMENT REQUIRED
4.4.3.3. QUALITY OF HEALTHCARE FACILITIES NEED TO BE IMPROVED
4.4.4. CHALLENGES
4.4.4.1. COMPLEX LIS INTERFACE DIFFICULT FOR USERS TO ADOPT
4.4.4.2. INTEGRATION AND MIGRATION OF DATA IS DIFFICULT
4.4.4.3. LACK OF SKILLED PROFESSIONALS
5. MARKET SEGMENTATION
5.1. BY COMPONENT
5.1.1. SOFTWARE
5.1.2. SERVICES
5.2. BY PRODUCT
5.2.1. STANDALONE
5.2.2. INTEGRATED
5.3. BY END USER
5.3.1. HOSPITAL
5.3.2. INDEPENDENT LABORATORIES
5.3.3. PHYSICIAN OFFICE LABORATORIES
5.3.4. OTHERS
5.4. BY DEPLOYMENT MODE
5.4.1. ON-PREMISES
5.4.2. CLOUD BASED
5.4.3. WEB BASED
6. KEY ANALYTICS
6.1. PORTERS 5 FORCE MODEL
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCT
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SEE-SAW ANALYSIS
6.3. CONSUMER ANALYSIS AND KEY BUYING CRITERIA
6.3.1. COST
6.3.2. AVAILABILITY
6.3.3. SECURITY & PRIVACY
6.3.4. EASY TO USE
6.4. OPPORTUNITY MATRIX
7. GEOGRAPHIC ANALYSIS
7.1. NORTH AMERICA
7.1.1. U.S.
7.1.2. CANADA
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIES AND ANALYSIS
8.2. MARKET SHARE
8.3. TOP COMPANY ANALYSIS
8.4. KEY STRATEGIES
8.5. COMPANY PROFILING
8.5.1. 3M COMPANY
8.5.2. AAC INFOTRAY AG
8.5.3. ABBOTT INFORMATICS (STARLIMS)
8.5.4. AUTOSCRIBE INFORMATICS INC.
8.5.5. BAYTEK INTERNATIONAL
8.5.6. CERNER CORPORATION
8.5.7. COMPUGROUP MEDICAL AG
8.5.8. EPIC SYSTEMS CORPORATION
8.5.9. EVIDENT
8.5.10. GENOLOGICS – ILLUMINA
8.5.11. H&A SCIENTIFIC
8.5.12. LABVANTAGE SOLUTIONS INC
8.5.13. LABWARE INC.
8.5.14. MCKESSON CORPORATION
8.5.15. MEDICAL INFORMATION TECHNOLOGY, INC
8.5.16. MERGE HEALTHCARE INCORPORATED
8.5.17. NOVATEK INTERNATIONAL
8.5.18. ORCHARD SOFTWARE CORPORATION
8.5.19. PERKINELMER
8.5.20. ROPER TECHNOLOGIES, INC.
8.5.21. SCC SOFT COMPUTER
8.5.22. SUNQUEST INFORMATION SYSTEMS, INC. (ACQUIRED BY ROPER TECHNOLOGIES, INC.)
8.5.23. SWISSLAB GMBH
8.5.24. THERMO FISHER SCIENTIFIC
9. STRATEGIC ANALYSIS
9.1. STRATEGIC INVESTMENT RECOMMENDATIONS
9.1.1. REGIONAL OPPORTUNITIES
9.1.2. INVESTMENT OPPORTUNITIES IN NASCENT APPLICATIONS
1.1. STUDY GOALS
1.2. SCOPE OF MARKET STUDY
1.3. WHO WILL FIND THIS REPORT USEFUL?
1.4. STUDY AND FORECASTING YEARS
2. RESEARCH METHODOLOGY
2.1. SOURCES OF DATA
2.2. TOP DOWN APPROACH
2.3. BOTTOM UP APPROACH
2.4. DATA TRIANGULATION
2.5. ESTIMATION METHODOLOGY
3. EXECUTIVE SUMMARY
3.1. KEY FINDINGS
3.1.1. INCREASING DEMAND FOR CLOUD BASED LABORATORY INFORMATION SYSTEM
3.1.2. NORTH AMERICA IS ANTICIPATED TO ACCOUNT THE LARGEST REVENUE SHARE IN 2017
3.1.3. SERVICES SEGMENT LEADS THE MARKET IN COMPONENT SEGMENT
4. MARKET OVERVIEW
4.1. MARKET EVOLUTION
4.2. LIS INDUSTRY FRAMEWORK
4.3. REGULATIONS INFLUENCING THE LABORATORY INFORMATION SYSTEM
4.4. MARKET DYNAMICS
4.4.1. DRIVERS
4.4.1.1. INCREASING DEMAND IN EMERGING ECONOMIES
4.4.1.2. CLOUD BASED LABORATORY INFORMATION SYSTEM IS DRIVING THE MARKET GROWTH
4.4.1.3. INCREASING INVESTMENTS IN R&D
4.4.1.4. GROWING ADOPTION AND USAGE OF LIS FROM END-USERS
4.4.1.5. DIGITAL TRANSFORMATION IN HEALTHCARE OFFERINGS
4.4.1.6. CONSUMERS GROWING PREFERENCE FOR BETTER FACILITIES AND PATIENT CARE
4.4.1.7. INCREASING PENETRATION OF MOBILE APPLICATIONS IN HEALTHCARE SOLUTIONS
4.4.2. RESTRAINTS
4.4.2.1. LACK OF PROPER STANDARDS FOR LIS SYSTEMS
4.4.2.2. HIGH COST OF IMPLEMENTATION
4.4.2.3. HEALTHCARE INFORMATION SOFTWARE COME WITH HIGH MAINTENANCE COST
4.4.2.4. RISING SECURITY CONCERNS REGARDING CONFIDENTIAL DATA
4.4.3. OPPORTUNITIES
4.4.3.1. INCREASE IN HEALTHCARE SPENDING OF EMERGING NATIONS
4.4.3.2. PROPER PRODUCTIVITY AND COST MANAGEMENT REQUIRED
4.4.3.3. QUALITY OF HEALTHCARE FACILITIES NEED TO BE IMPROVED
4.4.4. CHALLENGES
4.4.4.1. COMPLEX LIS INTERFACE DIFFICULT FOR USERS TO ADOPT
4.4.4.2. INTEGRATION AND MIGRATION OF DATA IS DIFFICULT
4.4.4.3. LACK OF SKILLED PROFESSIONALS
5. MARKET SEGMENTATION
5.1. BY COMPONENT
5.1.1. SOFTWARE
5.1.2. SERVICES
5.2. BY PRODUCT
5.2.1. STANDALONE
5.2.2. INTEGRATED
5.3. BY END USER
5.3.1. HOSPITAL
5.3.2. INDEPENDENT LABORATORIES
5.3.3. PHYSICIAN OFFICE LABORATORIES
5.3.4. OTHERS
5.4. BY DEPLOYMENT MODE
5.4.1. ON-PREMISES
5.4.2. CLOUD BASED
5.4.3. WEB BASED
6. KEY ANALYTICS
6.1. PORTERS 5 FORCE MODEL
6.1.1. THREAT OF NEW ENTRANTS
6.1.2. THREAT OF SUBSTITUTE PRODUCT
6.1.3. BARGAINING POWER OF BUYERS
6.1.4. BARGAINING POWER OF SUPPLIERS
6.1.5. INTENSITY OF COMPETITIVE RIVALRY
6.2. SEE-SAW ANALYSIS
6.3. CONSUMER ANALYSIS AND KEY BUYING CRITERIA
6.3.1. COST
6.3.2. AVAILABILITY
6.3.3. SECURITY & PRIVACY
6.3.4. EASY TO USE
6.4. OPPORTUNITY MATRIX
7. GEOGRAPHIC ANALYSIS
7.1. NORTH AMERICA
7.1.1. U.S.
7.1.2. CANADA
8. COMPETITIVE LANDSCAPE
8.1. KEY STRATEGIES AND ANALYSIS
8.2. MARKET SHARE
8.3. TOP COMPANY ANALYSIS
8.4. KEY STRATEGIES
8.5. COMPANY PROFILING
8.5.1. 3M COMPANY
8.5.2. AAC INFOTRAY AG
8.5.3. ABBOTT INFORMATICS (STARLIMS)
8.5.4. AUTOSCRIBE INFORMATICS INC.
8.5.5. BAYTEK INTERNATIONAL
8.5.6. CERNER CORPORATION
8.5.7. COMPUGROUP MEDICAL AG
8.5.8. EPIC SYSTEMS CORPORATION
8.5.9. EVIDENT
8.5.10. GENOLOGICS – ILLUMINA
8.5.11. H&A SCIENTIFIC
8.5.12. LABVANTAGE SOLUTIONS INC
8.5.13. LABWARE INC.
8.5.14. MCKESSON CORPORATION
8.5.15. MEDICAL INFORMATION TECHNOLOGY, INC
8.5.16. MERGE HEALTHCARE INCORPORATED
8.5.17. NOVATEK INTERNATIONAL
8.5.18. ORCHARD SOFTWARE CORPORATION
8.5.19. PERKINELMER
8.5.20. ROPER TECHNOLOGIES, INC.
8.5.21. SCC SOFT COMPUTER
8.5.22. SUNQUEST INFORMATION SYSTEMS, INC. (ACQUIRED BY ROPER TECHNOLOGIES, INC.)
8.5.23. SWISSLAB GMBH
8.5.24. THERMO FISHER SCIENTIFIC
9. STRATEGIC ANALYSIS
9.1. STRATEGIC INVESTMENT RECOMMENDATIONS
9.1.1. REGIONAL OPPORTUNITIES
9.1.2. INVESTMENT OPPORTUNITIES IN NASCENT APPLICATIONS
LIST OF TABLES
TABLE 1 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 2 TYPE OF INTERFACES IN LIS
TABLE 3 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY COMPONENT 2017-2025 ($ MILLION)
TABLE 4 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY PRODUCT 2017-2025 ($ MILLION)
TABLE 5 NORTH AMERICA LIS MARKET BY END USER 2017-2025 ($ MILLION)
TABLE 6 NORTH AMERICA LIS MARKET BY DEPLOYMENT MODE 2017-2025 ($ MILLION)
TABLE 7 HIGHEST INTERNET PENETRATION BY COUNTRY, 2017
TABLE 8 THREAT OF NEW ENTRANT’S ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 9 THREAT OF SUBSTITUTE PRODUCT ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 10 BARGAINING POWER BUYER ANALYSIS IN LABORATORY INFORMATION SYSTEM
TABLE 11 BARGAINING POWER SUPPLIERS ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 12 INTENSITY OF COMPETITIVE RIVALRY ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 13 TOP 5 OPPORTUNITY MARKET FOR LABORATORY INFORMATION SYSTEM MARKET SNAPSHOT
TABLE 14 NORTH AMERICA LABORATORY INFORMATION SYSTEM BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 15 RECENT DEVELOPMENTS
TABLE 1 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 2 TYPE OF INTERFACES IN LIS
TABLE 3 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY COMPONENT 2017-2025 ($ MILLION)
TABLE 4 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY PRODUCT 2017-2025 ($ MILLION)
TABLE 5 NORTH AMERICA LIS MARKET BY END USER 2017-2025 ($ MILLION)
TABLE 6 NORTH AMERICA LIS MARKET BY DEPLOYMENT MODE 2017-2025 ($ MILLION)
TABLE 7 HIGHEST INTERNET PENETRATION BY COUNTRY, 2017
TABLE 8 THREAT OF NEW ENTRANT’S ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 9 THREAT OF SUBSTITUTE PRODUCT ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 10 BARGAINING POWER BUYER ANALYSIS IN LABORATORY INFORMATION SYSTEM
TABLE 11 BARGAINING POWER SUPPLIERS ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 12 INTENSITY OF COMPETITIVE RIVALRY ANALYSIS IN LABORATORY INFORMATION SYSTEM MARKET
TABLE 13 TOP 5 OPPORTUNITY MARKET FOR LABORATORY INFORMATION SYSTEM MARKET SNAPSHOT
TABLE 14 NORTH AMERICA LABORATORY INFORMATION SYSTEM BY GEOGRAPHY 2017-2025 ($ MILLION)
TABLE 15 RECENT DEVELOPMENTS
LIST OF FIGURES
FIGURE 1 NORTH AMERICA CLOUD BASED DEPLOYMENT SEGMENT REVENUE GROWTH 2017-2025 ($ MILLION)
FIGURE 2 SERVICE SEGMENT MARKET GROWTH 2016 & 2025 ($ MILLION)
FIGURE 3 NUMBER OF HOSPITALS ACROSS REGIONS
FIGURE 4 PER CAPITA HEALTHCARE EXPENDITURE IN USD
FIGURE 5 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY SOFTWARE 2017-2025 ($ MILLION)
FIGURE 6 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY SERVICES 2017-2025 ($ MILLION)
FIGURE 7 NORTH AMERICA STANDALONE LIS MARKET 2017-2026 ($ MILLION)
FIGURE 8 NORTH AMERICA INTEGRATED LIS MARKET 2017-2025 ($ MILLION)
FIGURE 9 NORTH AMERICA LIS END USER MARKET SHARE 2016 & 2025
FIGURE 10 NORTH AMERICA HOSPITAL LABORATORIES INFORMATION SYSTEM INDUSTRY MARKET 2017-2025 ($ MILLION)
FIGURE 16 NORTH AMERICA INDEPENDENT LABORATORIES LIS MARKET 2017-2025 ($ MILLION)
FIGURE 18 NORTH AMERICA PHYSICIAN OFFICE LABORATORIES LIS MARKET 2017-2025 ($ MILLION)
FIGURE 19 NORTH AMERICA OTHER LABORATORY LIS MARKET 2017-2025 ($ MILLION)
FIGURE 20 NORTH AMERICA LIS DEPLOYMENT MODE MARKET SHARE 2016 & 2025
FIGURE 21 SAAS SOFTWARE APPLICATIONS
FIGURE 22 NORTH AMERICA LIS MARKET BY ON-PREMISE DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 23 NORTH AMERICA LIS MARKET BY CLOUD BASED DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 24 NORTH AMERICA LIS MARKET BY WEB BASED DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 25 PORTERS 5 FORCE MODEL OF LABORATORY INFORMATION SYSTEM
FIGURE 26 SEE SAW ANALYSIS OF LABORATORY INFORMATION SYSTEM MARKET
FIGURE 27 KEY BUYING CRITERIA OF LABORATORY INFORMATION SYSTEM 2016 & 2025
FIGURE 28 COMPARATIVE ANALYSIS ACROSS REGIONS
FIGURE 29 UNITED STATES LABORATORY INFORMATION SYSTEM MARKET 2017-2025 ($ MILLION)
FIGURE 30 CANADA LABORATORY INFORMATION SYSTEM 2017-2025 ($ MILLION)
FIGURE 31 MARKET SHARE ANALYSIS OF KEY PLAYERS IN LABORATORY INFORMATION SYSTEM MARKET 2016
FIGURE 32 END-USERS INVESTMENT OPPORTUNITIES 2017-2025
FIGURE 1 NORTH AMERICA CLOUD BASED DEPLOYMENT SEGMENT REVENUE GROWTH 2017-2025 ($ MILLION)
FIGURE 2 SERVICE SEGMENT MARKET GROWTH 2016 & 2025 ($ MILLION)
FIGURE 3 NUMBER OF HOSPITALS ACROSS REGIONS
FIGURE 4 PER CAPITA HEALTHCARE EXPENDITURE IN USD
FIGURE 5 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY SOFTWARE 2017-2025 ($ MILLION)
FIGURE 6 NORTH AMERICA LABORATORY INFORMATION SYSTEM MARKET BY SERVICES 2017-2025 ($ MILLION)
FIGURE 7 NORTH AMERICA STANDALONE LIS MARKET 2017-2026 ($ MILLION)
FIGURE 8 NORTH AMERICA INTEGRATED LIS MARKET 2017-2025 ($ MILLION)
FIGURE 9 NORTH AMERICA LIS END USER MARKET SHARE 2016 & 2025
FIGURE 10 NORTH AMERICA HOSPITAL LABORATORIES INFORMATION SYSTEM INDUSTRY MARKET 2017-2025 ($ MILLION)
FIGURE 16 NORTH AMERICA INDEPENDENT LABORATORIES LIS MARKET 2017-2025 ($ MILLION)
FIGURE 18 NORTH AMERICA PHYSICIAN OFFICE LABORATORIES LIS MARKET 2017-2025 ($ MILLION)
FIGURE 19 NORTH AMERICA OTHER LABORATORY LIS MARKET 2017-2025 ($ MILLION)
FIGURE 20 NORTH AMERICA LIS DEPLOYMENT MODE MARKET SHARE 2016 & 2025
FIGURE 21 SAAS SOFTWARE APPLICATIONS
FIGURE 22 NORTH AMERICA LIS MARKET BY ON-PREMISE DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 23 NORTH AMERICA LIS MARKET BY CLOUD BASED DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 24 NORTH AMERICA LIS MARKET BY WEB BASED DEPLOYMENT 2017-2025 ($ MILLION)
FIGURE 25 PORTERS 5 FORCE MODEL OF LABORATORY INFORMATION SYSTEM
FIGURE 26 SEE SAW ANALYSIS OF LABORATORY INFORMATION SYSTEM MARKET
FIGURE 27 KEY BUYING CRITERIA OF LABORATORY INFORMATION SYSTEM 2016 & 2025
FIGURE 28 COMPARATIVE ANALYSIS ACROSS REGIONS
FIGURE 29 UNITED STATES LABORATORY INFORMATION SYSTEM MARKET 2017-2025 ($ MILLION)
FIGURE 30 CANADA LABORATORY INFORMATION SYSTEM 2017-2025 ($ MILLION)
FIGURE 31 MARKET SHARE ANALYSIS OF KEY PLAYERS IN LABORATORY INFORMATION SYSTEM MARKET 2016
FIGURE 32 END-USERS INVESTMENT OPPORTUNITIES 2017-2025
