The size of the Asia Pacific Laboratory Information System Market was estimated at USD 0.23 Billion in 2020. It is further poised to grow and worth USD 0.36 Billion by the end of 2025, growing at a tremendous CAGR of 9.7% from 2020 to 2025.
The information systems in laboratories analyses the potential markets in the healthcare IT that includes practice in the clinical diagnostics labs, next-generation sequencing labs, research, and drug discovery labs. The laboratory information system has revolutionized the information management system since its advent and is considered the most advanced system currently available.
A laboratory information system is a data and information management system relating to the clinical and analytical laboratories. These include in-process testing labs, quality assurance labs, and research & development labs. The information collected is then stored in the database of LIS for any future needs. These systems are proved to be of great help regarding the treatment, prevention management, and diagnosis of the disease. The processes in the laboratories like centrifugation, prepping, and sorting material for storage, sorting tubes can be made more productive by reducing the non-value adding steps through the implementation of automation in medical laboratories.
The market is growing at a steady rate. It is believed to sustain its growth in the near future due to increased infectious diseases, a rise in healthcare expenditure, and advancements in the healthcare IT sector. The market is also aided by the factors that include the need to enhance medical laboratories' efficiency, rising demand for error-free diagnosis, and increasing integration of information systems with laboratories.
However, there are few hurdles the market has to overcome for it to prosper, which include high costs related to the information system and insufficiently skilled professionals in healthcare IT.
This research report on the Asia Pacific Laboratory Information System Market has been segmented and sub-segmented into the following categories:
By Component:
By End-users:
By Delivery Mode:
By Country:
Companies playing a dominating role in the APAC Laboratory Information System 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 China
6.3 India
6.4 Japan
6.5 South Korea
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
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