Track topics on Twitter Track topics that are important to you
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 20172025.
The increasing demand from emerging economies, the rising adoption and usage of LIS from the endusers, and the heavy investments in RD are majorly responsible for propelling the market growth. The LIS market can be classified according to the deployment type, enduser, product, and component. The deployment mode can either be cloudbased or onpremises. An increasing demand for cloud based laboratory information system has been observed in the recent years. The endusers 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.
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.
The 11th largest pharmaceutical company in the world, <!--LGfEGNT2Lhm-->Abbott Laboratories generated sales of $16 billion in 2009 and has 90,000 employees. Within the <!--LGfEGNT2Lhm-->medical device arm of the company, products of note ar...