Key Players in the Asian Laboratory Information System (LIS) Market analyzed in this report are McKesson Corporation, Cerner Corporation, Epic Systems, Allscripts, GE Healthcare, eClinicalWorks, Agfa-Gevaert, Meditech, Merge Healthcare.
(PRWEB) November 25, 2014
The Asian Laboratory Information System (LIS) Market report defines the concerned market and provides revenue forecasts. It expects the market to reach a value of $185.0 million in 2018. During the study span, it estimates the market to grow at a CAGR of 7.1% from 2013 to 2018.
Browse through the TOC of the Asian Laboratory Information System (LIS) Market report for in-depth analysis of the segmentation supported by various tables and figures.
Laboratory information systems are used for data management and analysis in laboratories. These systems help in capturing, organizing, storing, and retrieving laboratory data. LIS are important for healthcare professionals and related industries as they drastically improve the analysis of patient-related data. Easy and quick availability of this data also helps in minimizing/eliminating the future occurrence of the same disease as well as finding an effective course of treatment for a particular condition.
Laboratory information systems are highly customization according to specific requirements of a laboratory. From basic operations of managing patient data and information integration to advanced functions such as audit management, customer relationship management, inventory management, and several associated functions, LIS aids efficient management of laboratory operations. It can also be used to integrate various applications used within the laboratory. Modern-day LIS are equipped with data-sharing functions, using which the data from one system can be imported and exported.
According to the report, with increasing healthcare awareness, the demand for sophisticated laboratory systems is increasing. This growth factor is pushing the companies to come up with innovative LIS solutions.
Increase in R&D expenditure by market players is also driving this market. Growth will occur due to the growing popularity of enterprise-wide and commercial off-the-shelf LIS solutions and increased demand for pharmaceutical LIS solutions from Contract Research Organizations (CRO).
Relatively untapped markets of the Asian region have increased the demand for diagnostic tests and opened an array of opportunities for the LIS market, especially with the advent of growing medical tourism. According to the report, rising cases of fatal diseases and their diagnostic and treatment needs are some of the major factors further driving the demand for the Asia Pacific laboratory information systems market.
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The report segment the Asian LIS market on the basis of its types, applications, deployment, components, and end users. By type, the market is segmented into integrated and standalone. The application segment is further sub-segmented into clinical guidelines, clinical reminders, drug allergy alerts, drug dosing support, drug-drug interactions, and other applications. By deployment, the report categorizes the market into on-premise, web-based, and cloud-based, while the component segment of the report comprises hardware, software, and services. On the basis of geography, it analyzes major countries in the region such as India, China, and Japan.
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This report also includes market shares, value chain analyses, and market drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of the key players in the market.
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North America Laboratory Information System Market
North America is the largest market in the laboratory information system market segment, and it is projected to grow at a CAGR of 7.1% from 2012 to 2018. In North America, there is a rapid incidence of life-threatening diseases that requires accurate diagnostic tools for timely detection and prevention. With these laboratory information systems in place, it becomes easier for the healthcare provider to refer to such authentic medical information, and keep a track of the patient’s health condition. Owing to the advantages it offers, the laboratory information systems market is progressing rapidly. In addition to this, rising investments made in the form of government initiatives and public funding, along with the need to integrate highly innovative healthcare solutions, have become major market drivers increasing the growth of this market. Countries in the North American region, such as the U.S., have the most advanced healthcare infrastructure and technological growth observed in the field of medicine. This has thereby resulted in becoming a major market impetus augmenting the overall demand of laboratory information system market in North America.
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