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Asia Pacific Laboratory Information System (LIS) Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product (Standalone LIS and Integrated LIS), Delivery Mode (Cloud-Based Delivery Mode, Web-Based Delivery Mode, and On-Premises Delivery Mode), Component (Software and Services), and End User (Hospital Labs, Independent Labs, and Physician Office Labs)
Market Report I 2022-12-23 I 109 Pages I The Insight Partners
The laboratory information system (LIS) market in Asia Pacific is expected to grow from US$ 171.12 million in 2022 to US$ 319.95 million by 2028. It is estimated to grow at a CAGR of 11.0% from 2022 to 2028.
Significant Potential for Laboratory Informatics in Emerging Markets
Research and development expenditure in countries such as China and India are growing, which has led to rise in demand for LIS for data storage, research regulation compliance, and validation. Various countries in the abovementioned regions are capable of adopting advanced LIS; they are engaged in the development of cost-effective and high-performance systems with an aim to reach remote areas, where advanced medical facilities are not available. In addition, the emergence of medical tourism in Asia Pacific countries, especially in India, Vietnam, Malaysia, Indonesia, Thailand, and the Philippines, is expected to create lucrative growth opportunities for players in the global laboratory information system market. According to a report released by the India Brand Equity Foundation in January 2019, the estimated Foreign Tourist Arrivals (FTAs) in India for medical purpose in years 2015, 2016, and 2017 were 233,918; 427,014; and 495,056, respectively.
Further, increasing incidence of various diseases in Asia Pacific has further escalated the demand for diagnostic tests in the region. For instance, according to the Globocan 2020, the number of new cancer cases in China has reached 19,292,789. Furthermore, governments are enforcing regulations to encourage the use of LIS in traditional wet labs. The largest pool of patient population, availability of a large number of skilled science professionals for testing services, abundance of healthcare facilities, and lower costs of clinical trials would further drive the growth of the LIS market in Asia.
Market Overview
Asia Pacific LIS market is mainly represented by China, Japan, India, South Korea, and Australia. The market is also evaluated for the rest of countries in APAC. The market is driven by the factors such as increasing number of clinical trials, need for further cost containment of clinical trials, and increasing number of pharmaceutical and biotech companies in this region.
China has the world's second-largest pharmaceutical market. The large population coupled with the rising non-communicable diseases and growing international pharma business in China are majorly driving the growth of the pharmaceutical companies in China. Established pharmaceutical market, growing biotechnology industry, increasing R&D expenditures, increasing number of clinical trials due to lower cost, and favorable regulatory policies are prime factors driving the growth of the LIS market. Over the last few years, the pharmaceutical industry in China has focused mainly on research and development to develop more effective drugs. The Made in China 2025 initiative is aimed at further increasing the foothold of Chinese industries, including pharmaceuticals.
Further, the Chinese government is standardizing its clinical studies, improving its reimbursement process, and modernizing its regulatory pathway, therefore easing the process for biotech companies to seek convenient approval. As a result, the number of drug approvals in China has increased in the recent years. In addition, China is focused on further strengthening its biotechnology sector. As a result, more biological science research parks are opening in the country. The country has total of 111 biotechnology research and development parks. Favorable regulatory policies in China have increased the growth opportunity for the biotechnology companies in this country. In addition, the new regulatory framework is also encouraging innovation and improve data quality. This has increased the preference for global pharmaceutical players to establish a strong foothold in the country, thereby driving the adoption of LIS software.
Asia Pacific Laboratory Information System (LIS) Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Laboratory Information System (LIS) Market Segmentation
The Asia Pacific laboratory information system (LIS) market is segmented into product, delivery mode, component, end user, and country.
Based on product, the market is bifurcated into standalone LIS and integrated LIS. The standalone LIS segment held the larger market share in 2022.
Based on delivery mode, the market is segmented into cloud-based delivery mode, web-based delivery mode, and on-premises delivery mode. Cloud-based delivery mode segment held the largest market share in 2022.
Based on component, the market is segmented into software and services. Software segment held the larger market share in 2022.
Based on end user, the market is segmented into hospital labs, independent labs, and physician office labs. The hospital labs segment held the largest market share in 2022.
Based on country, the market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
CompuGroup Medical; Illumina, Inc.; LabLynx, Inc.; and LabVantage Solutions, Inc.; are the leading companies operating in the laboratory information system (LIS) market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Laboratory Information System (LIS) Market - By Product
1.3.2 APAC Laboratory Information System (LIS) Market - By Component
1.3.3 APAC Laboratory Information System (LIS) Market - By Delivery Mode
1.3.4 APAC Laboratory Information System (LIS) Market - By End User
1.3.5 APAC Laboratory Information System (LIS) Market- By Country
2. APAC Laboratory Information System (LIS) Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC Laboratory Information System (LIS) Market- Market Landscape
4.1 Overview
4.2 APAC PEST Analysis
4.3 Experts Opinion
5. APAC Laboratory Information System (LIS) - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Adoption of Automation in Laboratories
5.1.2 Technological Advancements in LIS
5.2 Key Market Restraints
5.2.1 Limited Expertise in Healthcare IT Domain
5.2.2 High Costs of Implementation of LIS
5.3 Key Market Opportunities
5.3.1 Significant Potential for Laboratory Informatics in Emerging Markets
5.4 Future Trend
5.4.1 Emergence of Cloud-Based Delivery Mode LIS Services
5.5 Impact analysis
6. APAC Laboratory Information System (LIS) Market- APAC Analysis
6.1 APAC Laboratory Information System Market Revenue Forecast and Analysis
7. APAC Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Product
7.1 Overview
7.2 APAC Laboratory Information System (LIS) Market, By Product 2021 & 2028 (%)
7.3 Standalone LIS
7.3.1 Overview
7.3.2 Standalone LIS Market Revenue and Forecast to 2028 (US$ Mn)
7.4 Integrated LIS
7.4.1 Overview
7.4.2 Integrated LIS Market Revenue and Forecast to 2028 (US$ Mn)
8. APAC Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Component
8.1 Overview
8.2 APAC Laboratory Information System (LIS) Market, By Component 2021 & 2028 (%)
8.3 Software
8.3.1 Overview
8.3.2 Software Market Revenue and Forecast to 2028 (US$ Mn)
8.4 Services
8.4.1 Overview
8.4.2 Services Market Revenue and Forecast to 2028 (US$ Mn)
9. APAC Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By Delivery Mode
9.1 Overview
9.2 APAC Laboratory Information System (LIS) Market, By Delivery Mode 2021 & 2028 (%)
9.3 Cloud-Based Delivery Mode
9.3.1 Overview
9.3.2 Cloud-Based Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
9.4 Web-Based Delivery Mode
9.4.1 Overview
9.4.2 Web-Based Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
9.5 On-Premises Delivery Mode
9.5.1 Overview
9.5.2 On-Premises Delivery Mode Market Revenue and Forecast to 2028 (US$ Mn)
10. APAC Laboratory Information System (LIS) Market Analysis and Forecasts To 2028 - By End User
10.1 Overview
10.2 APAC Laboratory Information System (LIS) Market, By End User 2021 & 2028 (%)
10.3 Hospital Labs
10.3.1 Overview
10.3.2 Hospital Labs Market Revenue and Forecast to 2028 (US$ Mn)
10.4 Independent Labs
10.4.1 Overview
10.4.2 Independent Labs Market Revenue and Forecast to 2028 (US$ Mn)
10.5 Physician Office Labs
10.5.1 Overview
10.5.2 Physician Office Labs Market Revenue and Forecast to 2028 (US$ Mn)
11. APAC Laboratory Information System (LIS) Market -Country Analysis
11.1 Overview
11.1.1 APAC: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2 APAC: Laboratory Information System (LIS) Market, by Country, 2021 & 2028 (%)
11.1.2.1 China: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.1.1 China: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.1.2 China: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.1.3 China: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.1.4 China: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.1.5 China: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
11.1.2.2 Japan: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.2.1 Japan: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.2.2 Japan: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.2.3 Japan: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.2.4 Japan: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.2.5 Japan: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
11.1.2.3 India: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.3.1 India: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.3.2 India: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.3.3 India: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.3.4 India: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.3.5 India: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
11.1.2.4 Australia: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.4.1 Australia: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.4.2 Australia: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.4.3 Australia: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.4.4 Australia: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.4.5 Australia: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
11.1.2.5 South Korea: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.5.1 South Korea: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.5.2 South Korea: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.5.3 South Korea: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.5.4 South Korea: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.5.5 South Korea: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
11.1.2.6 Rest of APAC: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.6.1 Rest of APAC: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
11.1.2.6.2 Rest of APAC: Laboratory Information System (LIS) Market, By Product, 2020-2028 (USD Million)
11.1.2.6.3 Rest of APAC: Laboratory Information System (LIS) Market, by Delivery Mode, 2020-2028 (USD Million)
11.1.2.6.4 Rest of APAC: Laboratory Information System (LIS) Market, by Component, 2020-2028 (USD Million)
11.1.2.6.5 Rest of APAC: Laboratory Information System (LIS) Market, by End User, 2020-2028 (USD Million)
12. Industry Landscape
12.1 Overview
12.2 Growth Strategies Done by the Companies in the Market, (%)
12.3 Organic Developments
12.3.1 Overview
12.4 Inorganic Developments
12.4.1 Overview
13. Company Profiles
13.1 LabLynx, Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 CompuGroup Medical
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Illumina, Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 LabVantage Solutions, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Glossary of Terms
LIST OF TABLES
Table 1. China: Laboratory Information System (LIS) Market, By Product - Revenue and Forecast to 2028 (USD Million)
Table 2. China Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 3. China Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 4. China Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 5. Japan: Laboratory Information System (LIS) Market, By Product- Revenue and Forecast to 2028 (USD Million)
Table 6. Japan Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 7. Japan Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 8. Japan Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 9. India: Laboratory Information System (LIS) Market, By Product- Revenue and Forecast to 2028 (USD Million)
Table 10. India Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 11. India Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 12. India Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 13. Australia: Laboratory Information System (LIS) Market, By Product - Revenue and Forecast to 2028 (USD Million)
Table 14. Australia Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 15. Australia Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 16. Australia Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 17. South Korea: Laboratory Information System (LIS) Market, By Product - Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 20. South Korea Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 21. Rest of APAC: Laboratory Information System (LIS) Market, By Product - Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of APAC Laboratory Information System (LIS) Market, by Delivery Mode - Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of APAC Laboratory Information System (LIS) Market, by Component - Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of APAC Laboratory Information System (LIS) Market, by End User- Revenue and Forecast to 2028 (USD Million)
Table 25. Organic Developments Done by Companies
Table 26. Inorganic Developments Done by Companies
Table 27. Glossary of Terms, APAC Laboratory Information System (LIS) Market
LIST OF FIGURES
Figure 1. APAC Laboratory Information System (LIS) Market Segmentation
Figure 2. APAC Laboratory Information System (LIS) Segmentation, By Country
Figure 3. APAC Laboratory Information System (LIS) Market Overview
Figure 4. Standalone LIS Held the Largest Share of the Product Segment in APAC Laboratory Information System (LIS) Market
Figure 5. China to Show Significant Growth During Forecast Period
Figure 6. APAC PEST Analysis
Figure 7. APAC Laboratory Information System (LIS) impact analysis of driver and restraints
Figure 8. APAC Laboratory Information System Market - Revenue Forecast and Analysis - 2019-2028
Figure 9. APAC Laboratory Information System (LIS) Market, by Product 2021 & 2028 (%)
Figure 10. Standalone LIS Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 11. Integrated LIS Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 12. APAC Laboratory Information System (LIS) Market, by Component 2021 & 2028 (%)
Figure 13. Software Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 14. Services Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 15. APAC Laboratory Information System (LIS) Market, by Delivery Mode 2021 & 2028 (%)
Figure 16. Cloud-Based Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 17. Web-Based Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 18. On-Premises Delivery Mode Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 19. APAC Laboratory Information System (LIS) Market, by End User 2021 & 2028 (%)
Figure 20. Hospital Labs Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 21. Independent Labs Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 22. Physician Office Laboratories Market Revenue and Forecasts to 2028 (US$ Mn)
Figure 23. APAC: Laboratory Information System (LIS) Market, by Key Country - Revenue (2021) (USD Million)
Figure 24. APAC: Laboratory Information System (LIS) Market, by Country, 2021 & 2028 (%)
Figure 25. China: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 26. Japan: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 27. India: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 28. Australia: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 29. South Korea: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 30. Rest of APAC: Laboratory Information System (LIS) Market - Revenue and Forecast to 2028 (USD Million)
Figure 31. Growth Strategies Done by the Companies in the Market, (%)
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