MarkNtel Advisors recently published a detailed industry analysis of the China Laboratory Informatics Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
China Laboratory Informatics Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The China Laboratory Informatics Market is estimated to grow at a CAGR of around 8.79% during the forecast period, i.e., 2024-30.
What are the major Driver the China Laboratory Informatics industry?
Increasing Corporate Research Activities Driving the Demand for Laboratory Informatics Solutions – China has been one of the top countries spending the maximum amount of budget on research & development activities. This go-ahead approach of the government towards becoming a technological hub has also encouraged the corporate sector to invest actively in R&D activities. Moreover, the corporate sector in China has also received government support in the form of incentives on taxes and subsidies to encourage investing in R&D activities. Further, the government is also supporting the corporate sector through indirect funding and high-tech research infrastructure provision. Therefore, a hefty amount of R&D funding has been made in recent times by corporate companies as they focus on developing products based on native technology. For instance:
In 2023, the World Intellectual Property Organization has expressed that the corporate companies of China have invested a collective of about USD 237.9 billion in R&D in 2022. The main companies participating in the investment were Huawei & Tencent, among about 679 firms.
Hence, as corporate R&D expenditure has increased, the demand for laboratory informatics services has also amplified. This, in turn, has been increasing corporate R&D expenditure which has emerged as a major market driver for Laboratory Informatics Companies in China.
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What segments define the China Laboratory Informatics market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
- By Product Type
- Electronic Lab Notebooks (ELNs)- Market Size & Forecast 2019-2030F, (USD Million)
- Laboratory Information Management Systems (LIMS)- Market Size & Forecast 2019-2030F, (USD Million)
- Chromatography Data Systems (CDS)- Market Size & Forecast 2019-2030F, (USD Million)
- Electronic Data Capture (EDC)- Market Size & Forecast 2019-2030F, (USD Million)
- Enterprise Content Management Systems (ECM)- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Clinical Data Management Systems (CDMS), etc.)- Market Size & Forecast 2019-2030F, (USD Million)
According to report, Laboratory Information Management Systems have dominated the Laboratory Informatics Market as they can be effectively integrated with laboratory instruments.
- By Components
- Service- Market Size & Forecast 2019-2030F, (USD Million)
- Software- Market Size & Forecast 2019-2030F, (USD Million)
- By End User
- Life Sciences Industry- Market Size & Forecast 2019-2030F, (USD Million)
- Pharma & Biotechnology- Market Size & Forecast 2019-2030F, (USD Million)
- Biobanks & Bio Repositories- Market Size & Forecast 2019-2030F, (USD Million)
- Molecular Diagnostics & Clinical Research Labs- Market Size & Forecast 2019-2030F, (USD Million)
- Others (Contract Service Organisation, Academic Research Institutes, etc.)- Market Size & Forecast 2019-2030F, (USD Million)
- Chemical Industry- Market Size & Forecast 2019-2030F, (USD Million)
- Food & Beverage- Market Size & Forecast 2019-2030F, (USD Million)
- Agriculture – Market Size & Forecast 2019-2030F, (USD Million)
- Others (Petrochemical Refinery, Oil & Gas Industry, Environment Testing Laboratories, etc.) – Market Size & Forecast 2019-2030F, (USD Million)
- Life Sciences Industry- Market Size & Forecast 2019-2030F, (USD Million)
According to report, The Pharmaceutical & Biotechnology segment under the Life Science Industry companies has gained major market share as end users of laboratory informatics in China.
- By Deployment Model
- Remote Hosting- Market Size & Forecast 2019-2030F, (USD Million)
- On-Premise Model- Market Size & Forecast 2019-2030F, (USD Million)
- Cloud-based Model- Market Size & Forecast 2019-2030F, (USD Million)
Explore the Complete China Laboratory Informatics Market Analysis Report – https://www.marknteladvisors.com/research-library/china-laboratory-informatics.html
Geographical Analysis: China Laboratory Informatics Market
- North
- East
- South Central
- South West
- North West
- North East
China Laboratory Informatics Market Share & Competitive Landscape:
The China Laboratory Informatics Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry’s leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the China Laboratory Informatics Market are:
- Thermo Fisher Scientific Inc.
- LabVantage Solutions Inc.
- Dassault Systèmes
- STARLIMS Corporation
- Autoscribe Informatics Inc.
- Lablynx Inc.
- Waters Corporation
- Zifo Technologies Pvt. Ltd.
- Caliber Technologies
- Agilent Technologies
China Laboratory Informatics Industry Recent Development:
- 2023: STARLIMS Corporation announced the successful integration of STARLIM solutions in the Taide Pharmaceutical laboratory, which would allow the automation process, and help in the digital management of upstream & downstream inspection processes.
- 2023: Agilent Technologies launched several laboratory software solutions and services at the 11th Munich Shanghai Analytical and Biochemical Exhibition. It also introduced a new Agilent MassHunter software suite, which would help in the analytical testing of laboratories using GC/MS.
Questions Addressed in this Study
1.What factors are driving the China Laboratory Informatics Market growth?
2.How is the China Laboratory Informatics Market expected to grow over the next five years?
3.What are the key insights into the current trends in the China Laboratory Informatics Market?
4.What is the current size of the China Laboratory Informatics Market, and how is it projected to change in the future?
6.What is the future outlook for the China Laboratory Informatics Market in terms of technological advancements and market expansion?
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