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Pulished Date April, 2021
ID: 361
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North America Laboratory Information System Market Research Report – Segmented By Component, End-users, Delivery Mode & Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 361
Pages: 132

North America Laboratory Information System Market Size (2021 to 2026)

The size of the Laboratory Information System Market in North America was worth USD 0.61 Billion in 2021. It is expected to reach USD 0.91 Billion by 2026, with a significant CAGR of 8.4% during the forecast period.

The Laboratory Information Systems (LIS) Market in the North American region is predicted to be driven by the factors such as Y-O-Y growth in the incidence of chronic diseases, growing demand for automation of systems and devices, and increased efficiency. Chronic diseases such as cardiovascular disease, cancer, neurological disorders, respiratory diseases, and diabetes account for 60% of fatalities worldwide. Furthermore, the rising need for early diagnosis of diseases, treatment plans for the same, and individualized medicines is expected to boost the market’s growth rate. 

In addition, the demand for advanced laboratory research and technology is increasing as people become more concerned about chronic illness. The LIS industry in North America benefits from government support in raising awareness about various chronic diseases and improving research methodology.

North America has risen to first place in recent years as a result of numerous scientific endeavors. As a result, the procedures performed are preserved and recorded for many purposes. Diagnostic errors are complicated, and according to many government bodies, they must be reduced in order to give safe therapy. It is necessary to upgrade software systems, which are doable in well-developed and technologically advanced regions.

However, high installation costs for laboratory information systems, additional service and maintenance costs, and the expense of recruiting IT experts are expected to limit the North America LIS market expansion. The market growth would be hampered by software updates and service costs, and a lack of integrated standards. Other significant barriers to market growth include increased data thefts and hackings. End-user and client-related difficulties impede market expansion. The most important aspects of server maintenance are system upgrades and software tool regulations. Implementations in current software systems, such as big data, market data security more difficult. In the information systems sector, data deprivation is a significant concern.

This research report on the North America laboratory information system market has been segmented and sub-segmented into the following categories:

By Component: 

  • LIS Services
  • LIS Hardware
  • LIS Software

By End-users: 

  • Hospitals
  • Independent Laboratories
  • Clinics
  • Others

By Delivery Mode: 

  • Cloud-Based
  • On-premises

By Country: 

  • The United States
  • Canada
  • Rest of North America

The global laboratory information system market was dominated by the North American market in 2020, which is expected to grow rapidly during the forecast period. The market for laboratory information systems is attributed to the increased market value, expanded research and activities, technological improvements, and effective reimbursement plans for pathology and other research procedures. In addition, the presence of several investors, public and private funding agencies, government and non-government organizations increase the market size of laboratory information systems in this region. Moreover, U.S. and Canada are majorly contributing to the North American regional market growth.

The United States LIS market held the largest share of the North American laboratory information systems market in 2020. The market growth is driven by the increasing prevalence of chronic diseases, necessitating more integrated healthcare systems and advanced healthcare infrastructure. In addition, biotechnology businesses in the United States spent around USD 44,793 million in research and development in 2017, according to the Organization for Economic Co-operation and Development (OECD). As a result, over the forecast period, this is expected to boost the market’s growth.

Canada is the pioneer in conducting primary research and developing new approaches, and preserving them for future generations. As a result, the market for laboratory information systems grows in size. In addition, the growing need for laboratory information systems in hospitals for efficient patient information monitoring would propel the market forward in the area.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North American laboratory information systems market profiled in this report are McKesson, Cerner Corporation, Epic System Corporation, SCC Software Computers, Medical information technology, Labware, Sunquest Information systems, Compugroup Medical, and Evident.

1. Introduction                                                 

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 New Developments                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 By Component                                          

                                5.1.1 LIS Services                             

                                5.1.2 LIS Software                           

                                5.1.3 LIS Hardware                          

                5.2 By End-User                                               

                                5.2.1 Hospitals                  

                                5.2.2 Independent Laboratories                               

                                5.2.3 Clinical Laboratories                            

                                5.2.4 Others                      

                5.3 By Delivery Mode                                    

                                5.3.1 Cloud Based                           

                                5.3.2 On-Premises                          

6. Geographical Analysis                                                              

                6.1 Introduction                                               

                6.2 United States                                            

                6.3 Canada                                         

7. Strategic Analysis                                                       

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8. Market Leaders' Analysis                                                        

                8.1 McKesson                                   

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Strategic Evaluation and Operations                            

                                8.1.4 Financial analysis                  

                                8.1.5 Legal issues                             

                                8.1.6 Recent Developments                       

                                8.1.7 SWOT analysis                       

                                8.1.8 Analyst View                          

                8.2 Cerner Corporation                                 

                8.3 Epic System Corporation                                       

                8.4 Medical information technology                                       

                8.5 SCC Soft computer                                  

                8.6 Sunquest Information systems                                          

                8.7 Labware                                       

                8.8 Compugroup Medical                                            

                8.9 Evident                                         

9. Competitive Landscape                                                           

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10. Expert Opinions                                                        

                10.1 Market Outlook                                     

                10.2 Investment Opportunities                                 

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

 

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Laboratory Information System Market, By Region, From 2021 to 2026 (USD Billion)
  2. North America Laboratory Information System Market, By Component, From 2021 to 2026 (USD Billion)
  3. North America LIS Services Market, By Region, From 2021 to 2026 (USD Billion)
  4. North America LIS Software Market, By Region, From 2021 to 2026 (USD Billion)
  5. North America LIS Hardware Market, By Region, From 2021 to 2026 (USD Billion)
  6. North America Market, By Region, From 2021 to 2026 (USD Billion)
  7. North America Market, By Region, From 2021 to 2026 (USD Billion)
  8. North America Laboratory Information System Market, By End-User, From 2021 to 2026 (USD Billion)
  9. North America Hospitals Market, By Region, From 2021 to 2026 (USD Billion)
  10. North America Independent Laboratories Market, By Region, From 2021 to 2026 (USD Billion)
  11. North America Clinical Laboratories Market, By Region, From 2021 to 2026 (USD Billion)
  12. North America Other end-users Market, By Region, From 2021 to 2026 (USD Billion)
  13. North America Laboratory Information System Market, By Delivery Mode, From 2021 to 2026 (USD Billion)
  14. North America Cloud Based Market, By Region, From 2021 to 2026 (USD Billion)
  15. North America On-Premises Market, By Region, From 2021 to 2026 (USD Billion)
  16. United States Laboratory Information System Market, By Component, From 2021 to 2026 (USD Billion)
  17. United States Laboratory Information System Market, By End-User, From 2021 to 2026 (USD Billion)
  18. United States Laboratory Information System Market, By Delivery Mode, From 2021 to 2026 (USD Billion)
  19. Canada Laboratory Information System Market, By Component, From 2021 to 2026 (USD Billion)
  20. Canada Laboratory Information System Market, By End-User, From 2021 to 2026 (USD Billion)
  21. Canada Laboratory Information System Market, By Delivery Mode, From 2021 to 2026 (USD Billion)

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