Asia-Pacific Laboratory Information System Market is a $0.23 Billion market in 2018 and is poised to reach $0.36 Billion by the end of 2023 with a tremendous CAGR of 9.7%. 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 is revolutionising the information management system since its advent and is considered to be 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 includes in-process testing labs, quality assurance lab 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 a 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 and is believed to sustain its growth in the near future owing to the increased infectious diseases, rise in healthcare expenditure and advancements in healthcare IT sector. The market is also aided by the factors which includes the need for enhancing the efficiency of medical laboratories, rising demand for error free diagnosis and increasing integration of information system with laboratories. However, there are few hurdles the market has to overcome in order for it to prosper which include high costs related to the information system and insufficient skilled professionals in healthcare IT.
The segmentation of Asia-Pacific laboratory information system market is based on the categories of components, delivery mode and end-users. By components the market is analysed as Services, Software and Hardware. By end-users, the market is categorised into clinical laboratories, hospitals, independent laboratories and others. By the type of delivery mode, the market is divided into segments as cloud based and on-premises. By region, geographical segmentation of Asia is as China, India, Japan, South Korea and Australia.
The laboratory information system market is looking healthy with initiatives from the government and industry giants of the healthcare IT services. The market is majorly dominated by the players like SCC Soft Computer, Medical Information System, McKesson, Cerner Corporation, Sunquest Information systems, Evident, Epic system corporation, Compugroup Medical and Labware.
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
