Asia-Pacific Laboratory Information System (LIS) Market, By Product (Standalone LIS, Integrated LIS), Type (Clinical LIS, Anatomical LIS), Components (Services, Software), Delivery Mode (Cloud-Based, On Premises), End Use (Hospitals, Clinics, Anatomical Pathology Laboratories, Blood Banks, Molecular Diagnostic Laboratories, Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific)- Industry Trends and Forecast to 2029.
Market Analysis and Insights: Asia-Pacific Laboratory Information System (LIS) Market
The laboratory information system (LIS) market is expected to witness market growth at a rate of 9.95% in the forecast period of 2022 to 2029. Data Bridge Market Research report on laboratory information system (LIS) market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of laboratory information system (LIS) market.
Laboratory information system (LIS) refers to a system that assists in retrieving, recording, modifying and storing data and information in laboratories regarding the patient’ s proper diagnosis, treatment and prevention of diseases. The technology helps in tracking and managing audit trails of health services, integrating instruments and applications and handling demographic information for associated clients.
The increase in the prevalence of chronic diseases across the region acts as one of the major factors driving the growth of laboratory information system (LIS) market. The surge in demand for improved laboratory efficiency coupled with hospitals prioritizing for laboratory information systems and rise in need to comply with regulatory requirements accelerate the market growth. The rise in the prevalence of life threatening diseases like cancer and cardio vascular disorder (CVD) among people, and increase in demand for LIS in biobanks/biorepositories further influence the market. Additionally, development in the healthcare infrastructure, favorable government initiatives to enhance the existing healthcare system, technological advancements and increase in number of laboratories positively affects the laboratory information system (LIS) market. Furthermore, popularity of cloud-based LIS and increase in demand for demand for personalized medicine extend profitable opportunity to the market players in the forecast period of 2022 to 2029.
On the other hand, high maintenance and service costs and lack of integration standards for LIS are expected to obstruct the market growth. Requirement of specialized LIS solutions and issues with data storage are projected to challenge the laboratory information system (LIS) market in the forecast period of 2022-2029.
This laboratory information system (LIS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on laboratory information system (LIS) market Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Laboratory Information System (LIS) Market Scope and Market Size
The laboratory information system (LIS) market is segmented on the basis of product, type, components, delivery mode and end use. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of product, the laboratory information system (LIS) market is segmented into standalone LIS and integrated LIS.
- On the basis of type, the laboratory information system (LIS) market is segmented into clinical LIS and anatomical LIS.
- On the basis of components, the laboratory information system (LIS) market is segmented into LIS services and LIS software.
- On the basis of delivery mode, the laboratory information system (LIS) market is segmented into cloud-based and on premises.
- On the basis of end use, the laboratory information system (LIS) market into hospitals, clinics, anatomical pathology laboratories, molecular diagnostic laboratories and others.
Asia-Pacific Laboratory Information System (LIS) Market Country Level Analysis
The laboratory information system (LIS) market is analyzed and market size insights and trends are provided by country, product, type, components, delivery mode and end use as referenced above.
The countries covered in the Asia-Pacific laboratory information system (LIS) market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
Japan dominates the Asia-Pacific laboratory information system (LIS) market owning to the technological advancements in the region. China is expected to witness high growth during the forecast period of 2022 to 2029 because of the growing demand for advanced devices.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
Asia-Pacific laboratory information system (LIS) market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for Asia-Pacific laboratory information system (LIS) market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the Asia-Pacific laboratory information system (LIS) market. The data is available for historic period 2010-2020.
Competitive Landscape and Asia-Pacific Laboratory Information System (LIS) Market Share Analysis
The laboratory information system (LIS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to laboratory information system (LIS) market.
The major players operating in the laboratory information system (LIS) market report are Cerner Corporation, McKesson Corporation, Epic systems Corporation, Sunquest information Systems, Inc., Allscripts Healthcare, LLC, Medical Information Technology, Inc., Orchard software Corporation, Labware, Evident, SCC Soft Computers, Psyche Systems Corporation, TECHNIDATA, Siemens Healthcare Private Limited and Merge Healthcare, among others.
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