Asia-Pacific Laboratory Information System Market Size to touch $0.3 Bn by 2021

Asia-Pacific Laboratory Information System Market Forecast & Future Market Trends 2016 - 2021

The Asia-Pacific Laboratory Information System Market is a $0.19 Billion market in 2016 and is poised to reach $0.3 Billion by the end of 2021 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.

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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.

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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.

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Keywords : Asia-Pacific Laboratory Information Systems Market, Laboratory Information Systems Market Research Report, Laboratory Information Systems Market Analysis,

by Abhishek Shukla (few years ago!)

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