Asia-pacific Laboratory Information Systems Market Forecast 2017-2025
KEY FINDINGS The Asia Pacific laboratory information systems market was valued at $287 million in 2016 and is expected to reach $686 million by 2025. The market is expected to be the fastest growing market with a CAGR of 10.23% for the forecast period of 2017-2025.
MARKET INSIGHTS The increasing demand from emerging economies, the rising adoption and usage of LIS from the end-users, and the heavy investments in R&D are majorly responsible for propelling the market growth. The LIS market can be classified according to the deployment type, end-user, product, and component. The deployment mode can either be cloud-based or on-premises. An increasing demand for cloud based laboratory information system has been observed in the recent years. The end-users mostly comprise of laboratories, hospitals etc. The products can be either integrated or standalone and the component segment comprises of software and services, with the services segment gaining an increasing popularity.
COMPETITIVE INSIGHTS Labvantage Solutions Inc, Novatek International, Abbott Informatics (Starlims), Thermo Fisher Scientific, Autoscribe Informatics Inc, Epic Systems Corporation, etc and Sunquest Information Systems are few of the leading market players.