Global Laboratory Information System Market: Emerging Trends, Major Key Players Orchard Software Corporation (US) and Sunquest Information Systems (US)

According to the report, The laboratory information systems market is projected to reach USD 2.4 billion by 2026 from an estimated USD 1.5 billion in 2021, at a CAGR of 9.0% from 2020 to 2027. The market for Laboratory Information systems is growing rapidly. This is a result of the increased investment from the government in the health sector and the growing awareness among hospitals. Proponents of the LIS market say that with more privately owned laboratory and diagnostic centers being set up, there has been an increase in demand for LISs. The increased use of electronic devices in hospitals is also fueling this market as it reduces errors in treatment by providing patients' medical histories on-demand.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global LABORATORY INFORMATION SYSTEM industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the Laboratory Information System market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major Laboratory Information System players holding highest market share include Orchard Software Corporation (US), Sunquest Information Systems (US), Cerner Corporation (US) and CompuGroup Medical (Germany). These players use acquisition as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Orchard Software Corporation (US)
• Sunquest Information Systems (US)
• Cerner Corporation (US)
• CompuGroup Medical (Germany)
• Computer Programs and Systems Inc. (US)
• Meditech (US)
• SCC Soft Computer (US)
• Epic Systems Corporation (US)
• Comp Pro Med (US)
• American Soft Solutions Corp. (US)
• Allscripts Healthcare Solutions, Inc. (US)

Segmental Analysis

Market Segment By Product with focus on market share, consumption trend, and growth rate of LABORATORY INFORMATION SYSTEM Market:
• Standalone LIS
• Integrated LIS

Market Segment By Component with focus on market share, consumption trend, and growth rate of LABORATORY INFORMATION SYSTEM Market:
• Services
• Software

Market Segment By Delivery Mode with a focus on market share, consumption trend, and growth rate of LABORATORY INFORMATION SYSTEM Market:
• On-premise
• Cloud-based

Market Segment By End User with a focus on market share, consumption trend, and growth rate of LABORATORY INFORMATION SYSTEM Market:
• Hospital Laboratories
• Independent Laboratories
• POLs
• Other end users

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Global Laboratory Information System Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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