Global Latoratory Information System (LIS) Market 2014 to 2020

1. GLOBAL INDUSTRY INSIGHT: Laboratory Information System Market Development and Demand Forecast to 2020

2. Global Laboratory Information System Market Development and Demand Forecast to 2020 P&S Market Research releases a new research report with market overview, trends, DRO analysis, market segmentation, market size, share, forecast, porter analysis, recent developments, competitive scenario and top competitor profiles in: Global Industry Insight: Laboratory Information System Market Development and Demand Forecast to 2020 The laboratory information system (“LIS”) industry includes set of programs and hardware, which are part of an integrated system designed for healthcare information. It is an information system intended for capturing complex data and information related to medical and industrial laboratories, including clinical and analytical laboratories. The information system interfaces with analytical instruments and allow users to obtain, store, manage, retrieve and record laboratory data. The information provided by LIS is then used in diagnosis, prevention, management and treatment of diseases. It acts as an indicator for individual and population health. Explore more about this Report: https://www.psmarketresearch.com/market-analysis/laboratory- information-system As industrial and medical laboratories are diverse with different requirements; hence, there is no standard information system designed for laboratories. Therefore, a laboratory information system is customized, developed, and configured according to the requirements of a laboratory. Key findings of the global LIS market: • The global LIS market is expected to grow at a CAGR of 7.3% between 2015 and 2020, driven by growth from both developed and emerging markets. • Clinical application will drive the majority of the growth in the global LIS market. • North America and Europe together contribute more than 75% of the total market size in 2014. Emerging markets such as China and India are expected to generate significant demand for LIS during 2015-2020. • Software accounts for the majority of the global LIS market in terms of components. • In respect to delivery mode, web-based solutions are expected to drive growth than on-premise technology. Implementation of cloud based solution will help the LIS market to grow further in forthcoming years. © P&S Market Research. All rights reserved 2

3. Global Laboratory Information System Market Development and Demand Forecast to 2020 Driven by technological improvement in healthcare services across the globe, the market for LIS is expected to see moderate growth over the forthcoming years.The increasing need to manage large pool of data in small and large diagnostic and medical laboratories will increase the demand for LIS. In addition, it is estimated that two third of laboratory operations take place without the help of information technology which results in higher cost and less productivity. A proper laboratory information management system can reduce the cost of production and increase efficiency and productivity. There are various other factors encouraging the growth of market, such as significant investments from healthcare IT companies and surge in number of hospitals realizing the importance of LIS. Rising need for integrated healthcare information systems, increase in healthcare initiatives by governments and continuous investments by major healthcare players also significantly impact the growth of the market. Request for Report Sample: https://www.psmarketresearch.com/enquiry- form.php?enqid=98&title=Report%20sample Mobile devices such as smart phones and tablets play an important role in providing personalized health solutions. Multi-functional personalized mobile information systems through smartphones and mobile devices offer a range of information and communication services to both patients and clinicians. The use of mobile devices also reduces the need for patients to visit hospitals or clinics every time they need a diagnosis. Their ailments can be diagnosed or follow-up check-ups can be done using mobile devices. Mobile and portable devices are gaining popularity for implementation of LIS. The molecular diagnostics market has undergone significant change and new technologies promise to yield product line extensions and machines for the point-of-care market as test automation expands. New oncology tests along with other related tests are changing the patient care paradigm by providing critical information to physicians, which will drive growth for the laboratory diagnostics and add to the need of LIS. Cloud computing has gained popularity in technology sector and several large laboratories have already adopted it or have funding in place. Cloud-based LIS are intended for hospitals and physicians who seek to concentrate more on patient care improvement than on information management. Furthermore, cloud computing enables organizations to scale up resources as and when needed and eliminate the need to access IT resources far ahead of demand. Many diagnostic companies are increasing their investments for © P&S Market Research. All rights reserved 3

4. Global Laboratory Information System Market Development and Demand Forecast to 2020 the development of new and advanced healthcare IT solutions. Large healthcare companies are expanding their business in this segment. The adoption of LIS in forthcoming years in emerging economies provides a huge growth potential for the market. The growth will be driven by the growing focus of healthcare IT players and continuous investments from both public and private sectors. Countries such as China and India, with large population base, still lack primary healthcare facilities. Buy this Report: https://www.psmarketresearch.com/market-analysis/laboratory-information- system Medical professionals face problems such as lack of harmonization between the systems and the routine operations of clinics and hospitals. In addition, lab technicians do not have the required know-how to make appropriate decisions about the kind of LIS solution required for their labs. Also, laboratory consultants, who help laboratories in buying the LIS, are not really skilled to do so as they lack adequate training. Major Competitors: The global LIS market is currently fragmented in most countries, but few large vendors hold significant market shares. However, many new players are entering the market and the consolidation of small players with larger counterparts is shaping the vendor landscape. Competition is getting intense and key players are trying to sustain themselves by improving their delivery models with increased usage of technology. STARLIMS Corporation, Sunquest Corporation, McKesson, LabWare and LabVantage are some of the leading market players offering LIS. Report Coverage • Provides comprehensive understanding of the market with the help of informed market outlook, opportunities, challenges, trends, size and growth, competitive analysis, major competitors and Porter analysis • Identifies the key drivers of growth and challenges of the key industry players. Also, assesses the future impact of the propellants and restraints on the market • Uncovers potential demands in the market • Porter analysis identifies competitive forces within the market • Provides information on the historical and current market size and the future potential of the market • Provides sizes of key regional markets using yardsticks of processes, segments, products, end user and technology, etc (as applicable) © P&S Market Research. All rights reserved 4

5. Global Laboratory Information System Market Development and Demand Forecast to 2020 • Highlights the competitive scenario of the market, major competitors, market share, benchmarking, investments and merger & acquisitions • Provides profiles of major competitors of the market including details of their operations, product and services, recent developments and key financial metrics. Profiles provide better understanding of competition as well as the demands of the market. Request for Report Sample: https://www.psmarketresearch.com/enquiry- form.php?enqid=98&title=Report%20sample TABLE OF CONTENT Chapter 1 Research Scope and Methodology 1.1 Market Definition 1.2 Market Breakdown by Application, Component and Delivery 1.3 Market Breakdown by Geography 1.4 Research Methodology and Sources Chapter 2 Executive Summary 2.1 Key Findings 2.2 Research Summary Chapter 3 Market Outlook 3.1 Introduction 3.1.1 Laboratory information system process 3.2 Trends in the Market 3.2.1 Usage of advanced diagnostics techniques and tools 3.2.2 Adoption of mobile based solutions and application 3.2.3 Development of new and innovative products 3.3 Opportunities in the Market 3.3.1 Increasing demand in personalized medical care 3.3.2 Untapped market in emerging economies 3.3.3 Growth of remote patient monitoring 3.3.4 Need of integrated IT systems in diagnostics and medical laboratories 3.4 Factors Driving the Market and its Impact on Market Forecast 3.4.1 Need for advanced healthcare information system 3.4.2 Growth in molecular diagnostics 3.4.3 Cloud computing in LIS 3.4.4 Need for increased lab productivity © P&S Market Research. All rights reserved 5

6. Global Laboratory Information System Market Development and Demand Forecast to 2020 3.4.5 Cost improvement measures of hospitals 3.4.6 Compliance with government regulations and initiatives 3.4.7 Increasing investment from healthcare IT players 3.4.8 Large geriatric population base in emerging economies 3.4.9 Impact analysis of drivers on the market forecast 3.5 Factors Hindering the Market and its Impact on Market Forecast 3.5.1 Lack of skilled professionals 3.5.2 Difficulty in integration of information with laboratory equipments 3.5.3 Risk related to confidentiality and managing information 3.5.4 High capital expenditure and maintenance requirement 3.5.5 Impact analysis of restraints on market forecast Chapter 4 Global Market Size and Forecasts (2011 – 2020) 4.1 Global Market Breakdown by Application 4.2 Global Market Breakdown by Components 4.3 Global Market Breakdown by Delivery 4.4 Global Market Breakdown by Region Chapter 5 Global Market Breakdown by Application 5.1 Clinical LIS Market 5.2 Drug Discovery LIS Market 5.3 Industrial LIS Market Chapter 6 Global Market Breakdown by Components 6.1 Software in LIS Market 6.2 Hardware in LIS Market 6.3 Services in LIS Market Chapter 7 Global Market Breakdown by Delivery 7.1 Web-based LIS Market 7.2 On-premise based LIS Market 7.3 Cloud-based LIS Market Chapter 8 Global Market Breakdown by Region 8.1 North America LIS Market Breakdown by Country 8.2 Europe LIS Market Breakdown by Country 8.3 Asia-Pacific LIS Market Breakdown by Country 8.4 Rest of the World (RoW) LIS Market Chapter 9 Competitive Analysis and Market Share 9.1 Porter's Five Forces of Competitive Position Analysis © P&S Market Research. All rights reserved 6

7. Global Laboratory Information System Market Development and Demand Forecast to 2020 9.1.1 Bargaining Power of Buyers 9.1.2 Bargaining Power of Suppliers 9.1.3 Threat of New Entrants 9.1.4 Intensity of Rivalry 9.1.5 Threat of Substitutes 9.2 Merger and Acquisition (M&A) Activities in the Market 9.2.1 Cerner acquisition of Siemens Health Services (Aug 2014) 9.2.2 Accelrys acquisition of Vialis AG (Jan 2013) 9.2.3 Roper Industries acquisition of Sunquest (Aug 2012) 9.2.4 STARLIMS’ forward integration with the acquisition of distributors 9.2.5 Sunquest acquisition of PowerPath (Oct 2011) 9.2.6 Allscripts acquisition of Eclipsys (Jun 2010) 9.2.7 Abbott acquisition of STARLIMS (Dec 2009) 9.3 Competitive Positioning of Key Competitors and Market Share Analysis Chapter 10 Company Profiles 10.1 Cerner Corporation 10.1.1 Business Overview 10.1.2 Products and Services 10.1.3 Recent Developments 10.1.4 Key P&L Metrics 10.2 Eclipsys Corporation (Allscripts Healthcare Solutions) 10.2.1 Business Overview 10.2.2 Products and Services 10.2.3 Key P&L Metrics 10.3 LabVantage Solutions Inc 10.3.1 Business Overview 10.3.2 Products and Services 10.3.3 Recent Developments 10.3.4 Key P&L Metrics 10.4 LabWare Inc 10.4.1 Business Overview 10.4.2 Products and Services 10.4.3 Recent Developments 10.4.4 Key P&L Metrics 10.5 McKesson Corporation © P&S Market Research. All rights reserved 7

8. Global Laboratory Information System Market Development and Demand Forecast to 2020 10.5.1 Business Overview 10.5.2 Products and Services 10.5.3 Recent Developments 10.5.4 Key P&L Metrics 10.6 Medical Information Technology Inc. (Meditech) 10.6.1 Business Overview 10.6.2 Products and Services 10.6.3 Recent Developments 10.6.4 Key P&L Metrics 10.7 Merge Healthcare Inc 10.7.1 Business Overview 10.7.2 Products and Services 10.7.3 Recent Developments 10.7.4 Key P&L Metrics 10.8 STARLIMS Corporation (Abbott Laboratories) 10.8.1 Business Overview 10.8.2 Products and Services 10.8.3 Recent Developments 10.8.4 Key P&L Metrics 10.9 Sunquest Corporation (Roper Industries) 10.9.1 Business Overview 10.9.2 Productsand Services 10.9.3 Recent Developments 10.9.4 Key P&L Metrics 10.10 Thermo Fisher Scientific Inc 10.10.1 Business Overview 10.10.2 Products and Services 10.10.3 Recent Developments 10.10.4 Key P&L Metrics Chapter 11 Appendix 11.1 List of Abbreviations For other market research reports visit: https://www.psmarketresearch.com © P&S Market Research. All rights reserved 8

9. Global Laboratory Information System Market Development and Demand Forecast to 2020 Request for Report Sample: https://www.psmarketresearch.com/enquiry- form.php?enqid=98&title=Report%20sample LIST OF FIGURES FIG. 1 Process of laboratory information system FIG. 2 Global LIS market, (2011 – 2014, $m) FIG. 3 Global LIS market, (2015 – 2020, $m) FIG. 4 Global LISs market share by application (2014) FIG. 5 Global LIS market share by components (2014) FIG. 6 Global LIS market share by delivery (2014) FIG. 7 Global LIS market share by region (2014) FIG. 8 North American LIS market share by country (2014) FIG. 9 Europe LIS market share by Country (2014) FIG. 10 Asia-Pacific LIS market share by country (2014) FIG. 11 Porter’s five forces of competitive position analysis FIG. 12 Competitive positioning of key competitors FIG. 13 Global market share by company (2014) LIST OF TABLES TABLE 1 Specific primary and secondary sources used for this publication TABLE 2 Global Laboratory Information Systems market snapshot (2014 and 2020) TABLE 3 Drivers for the market: Impact analysis TABLE 4 Restraints for the market: Impact analysis TABLE 5 Global LIS market breakdown by application, $m (2011 – 2014) TABLE 6 Global LIS market breakdown by application, $m (2015 – 2020) TABLE 7 Clinical LIS market breakdown by region, $m (2011 – 2014) TABLE 8 Clinical LIS market breakdown by region, $m (2015 – 2020) TABLE 9 Drug Discovery LIS market breakdown by region, $m (2011 – 2014) TABLE 10 Drug Discovery LIS market breakdown by region, $m (2015 – 2020) TABLE 11 Industrial LIS market by breakdown region, $m (2011 – 2014) TABLE 12 Industrial LIS market breakdown by region, $m (2015 – 2020) TABLE 13 Global LIS market breakdown by components, $m (2011 – 2014) TABLE 14 Global LIS market breakdown by components, $m (2015 – 2020) TABLE 15 Software in LIS market breakdown by region, $m (2011 – 2014) TABLE 16 Software in LIS market breakdown by region, $m (2015 – 2020) TABLE 17 Hardware in LIS market breakdown by region, $m (2011 – 2014) © P&S Market Research. All rights reserved 9

10. Global Laboratory Information System Market Development and Demand Forecast to 2020 TABLE 18 Hardware in LIS market breakdown by region, $m (2015 – 2020) TABLE 19 Services in LIS market breakdown by region, $m (2011 – 2014) TABLE 20 Services in LIS market breakdown by region, $m (2015 – 2020) TABLE 21 Global LIS market breakdown by delivery, $m (2011 – 2014) TABLE 22 Global LIS market breakdown by delivery, $m (2015 – 2020) TABLE 23 Web-based LIS market by region, $m (2011 – 2014) TABLE 24 Web-based LIS market by region, $m (2015 – 2020) TABLE 25 On-premise based LIS market by region, $m (2011 – 2014) TABLE 26 On-premise based LIS market by region, $m (2015 – 2020) TABLE 27 Cloud-based LIS market by region, $m (2011 – 2014) TABLE 28 Cloud-based LIS market by region, $m (2015 – 2020) TABLE 29 Global LIS market breakdown by region, $m (2011 – 2014) TABLE 30 Global LIS market breakdown by region, $m (2015 – 2020) TABLE 31 North American LIS market breakdown by country, $m (2011 – 2014) TABLE 32 North American LIS market breakdown by country, $m (2015 – 2020) TABLE 33 Europe LIS market breakdown by country, $m (2011 – 2014) TABLE 34 Europe LIS market breakdown by country, $m (2015 – 2020) TABLE 35 Asia-Pacific LIS market breakdown by country, $m (2011 – 2014) TABLE 36 Asia-Pacific LIS market breakdown by country, $m (2015 – 2020) TABLE 37 Cerner Corporation – Key Facts TABLE 38 Cerner Corporation – Key P&L Metrics TABLE 39 Eclipsys Corporation – Key Facts TABLE 40 LabVantage Solutions Inc– Key Facts TABLE 41 LabWare Inc– Key Facts TABLE 42 McKesson Corporation – Key Facts TABLE 43 McKesson Corporation – Key P&L Metrics TABLE 44 Medical Information Technology Inc. – Key Facts TABLE 45 Medical Information Technology Inc.– Key P&L Metrics TABLE 46 Merge Healthcare Inc – Key Facts TABLE 47 Merge Healthcare Inc – Key P&L Metrics TABLE 48 STARLIMS Corporation– Key Facts TABLE 49 Sunquest Corporation– Key Facts TABLE 50 Thermo Fisher Scientific Inc – Key Facts TABLE 51 Thermo Fisher Scientific Inc – Key P&L Metrics © P&S Market Research. All rights reserved 10

11. Global Laboratory Information System Market Development and Demand Forecast to 2020 About Us P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research based consulting services across a range of industries. With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions. Contact: Ms Somya 347, 5th Ave. #1402 New York City, NY - 10016 Toll-free: +1-888-778-7886 (USA/Canada) Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com © P&S Market Research. All rights reserved 11