Laboratory Information System (LIS) Market | Forecasts up to 2025 | Covid-19 Impact Analysis

This report, from Stratview Research, studies the global laboratory information system (LIS) market over the trend period of 2014 to 2017 and forecast period of 2018 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The Burning Questions This Report Will Answer:

• What is the need of this system, what happens if we do not use it?
• What are the major application areas of LIMS in a clinical laboratory?
• How can it help me reduce the cost of operations?
• Is it 100% error proof? Is it cost effective?

Global Laboratory Information System (LIS) Market: Highlights

LIMS or Laboratory information system or Laboratory management system is a software-based system used to manage all state of art clinical laboratory operations. The software-based system manages everything from the order entry, result in entry, patient check in, specimen processing, patient demographics to final report dispatch reducing the human negligence to nearly zero. This system mainly enables the technicians to enter results into a database that is accessible to authorised users when a patient’s samples are tested at Hospital’s Diagnostic Centre, Independent Clinical Laboratories and /or Contract Research Organizations.

The success of LIMS depends on flexibility, scalability and efficiency. LIM’s scalability must support the growth of the laboratory and medical practice; while flexibility to interface with modern, point-of-care telehealth technologies in ways that enable laboratory to drive today’s precision medicine healthcare initiatives. Another formula for success is a strong after sales team which can remain in touch with the buyer and understand his changing needs, when to replace or upgrade an existing software, when to save their system from technical glitch. Due to high volume of service providers in LIMS space, the competition is high and small outputs can build or brake reputation of the LIMS companies across the globe.

The report not only investigates the segmentation by deployment and type but also covers the voice of customers and regional splits and identifies the opportunities in the regions like APAC, the Middle East, South America, North America and Western Europe.

Research Methodology

Our reports offer high-quality insights and are the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. About 10 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors 
• Future outlook

The global laboratory information system (LIS) market is segmented into the following categories: 

By Type

• Broad-based LIMS, Industry-specific LIMS,

By Component

• Services & Software,

By Deployment

• On Site, Remote Access and Cloud Based,

By After Sales

• Software upgradation, Technical Issues, Others,

By End User

• Hospital Laboratories, Independent Clinical Laboratories, Bio-Banks, Environmental Testing Laboratories, Pharmaceutical R&D Laboratories, and Others,

By Region

• North America (Country Analysis: the USA, Canada)
• Western Europe (Country Analysis: Germany, France, the UK)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Latin America (Country Analysis: Brazil, Argentina, Mexico, and Others)
• Rest of the World (Sub-Region Analysis: The Middle East, Africa, Rest of Europe and Others) 

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our first-time clients:

Company Profiling

• SWOT analysis of key players (up to 3 players)
• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In the case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].