(PharmaNewsWire.Com, May 12, 2017 ) Asia-Pacific Laboratory Information System Market research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 9.7% to reach USD 0.3 billion by 2021, from USD 0.19 billion in 2016, which amounts to a cumulative growth of USD 0.11 billion.
A Laboratory information system is a complex system designed for data and information management related to medical laboratories which include analytical and clinical laboratories. This includes research and development labs, quality assurance labs and in-process testing labs. The information is stored in the LIS database for any future references. Laboratory information system helps in providing the information regarding diagnosis, treatment, prevention management of the disease. By the implementation of automation in laboratories, the process can be made more productive by minimizing the non-value adding steps which includes centrifugation, sorting tubes and prepping and sorting material for storage.
The report also presents detailed analysis of multitude of factors affecting the Laboratory Information System Market bearing either positive or negative outcomes.
Some of those factors are • need to enhance the workforce efficiency of clinical laboratories • increased demand for quality diagnosis with reduced errors • rising integration of information systems in laboratory. • increasing chronic infection diseases • increase in per capita expenditure on healthcare and advancements in healthcare IT solutions. • high costs involved in laboratory information systems • lack of skilled healthcare professionals in IT sector.
For granular level understanding the Laboratory Information System Market is segmented based on type and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on component, Market can be segmented into Services, hardware and Software. Based on end-users market can be segmented into hospitals, independent laboratories, clinics and others. Based on delivery mode market can be segmented into cloud based and on-premises.
With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific.
Some of the key players that operate in the Asia-Pacific Laboratory Information System Market include Compugroup Medical, SCC Soft Computer, McKesson, Medical Information System, Cerner Corporation, Evident, Sunquest Information systems, Epic system corporation and Labware. Laboratory Information System Market automates a part of laboratory system and can also be a great importance of integrating laboratory operations like consolidating the results of tests, sub-processes and thus speeding up the whole process of laboratory operations.
The Asia- Pacific Laboratory Information System Market report offers wide-range of scope:
• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
• Know more about key areas of industry growth via detailed Segment-level analysis on basis of Components, delivery mode, end-user along with market size forecasts and y-o-y estimations
• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
• 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
• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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