MarkNtel Advisors recently published a detailed industry analysis of the China Laboratory Informatics Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the China Laboratory Informatics Market (2024-2030)
The China Laboratory Informatics Market is estimated to grow at a CAGR of around 8.79% during the forecast period, i.e., 2024-30.
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China Laboratory Informatics Market Driver:
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.
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), Laboratory Information Management Systems (LIMS), Chromatography Data Systems (CDS), Electronic Data Capture (EDC), Enterprise Content Management Systems (ECM), Others (Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Clinical Data Management Systems (CDMS), etc.)),
By Components
(Service, Software),
By End User
(Life Sciences Industry, [Pharma & Biotechnology, Biobanks & Bio Repositories, Molecular Diagnostics & Clinical Research Labs, Others (Contract Service Organisation, Academic Research Institutes, etc.)], Chemical Industry, Food & Beverage, Agriculture, Others (Petrochemical Refinery, Oil & Gas Industry, Environment Testing Laboratories, etc.)),
By Deployment Model
(Remote Hosting, On-Premise Model, Cloud-based Model)
By Region
North, East, South Central, South West, North West, North East
Explore the Complete China Laboratory Informatics Market Analysis Report – https://www.marknteladvisors.com/research-library/china-laboratory-informatics.html
Who are the leading key players shaping the China Laboratory Informatics Market landscape?
ThermoFisher Scientific Inc., LabVantage Solutions Inc., Dassault Systèmes, STARLIMS Corporation, Autoscribe Informatics Inc., Lablynx Inc., Waters Corporation, Zifo Technologies Pvt. Ltd., Caliber Technologies, Agilent Technologies, and Others
Questions Addressed in this Study
1.What factors are driving the China Laboratory Informatics Market growth?
2.What are the key insights into the current trends in the China Laboratory Informatics Market?
3.What is the current size of the China Laboratory Informatics Market, and how is it projected to change in the future?
4.What is the future outlook for the China Laboratory Informatics Market in terms of technological advancements and market expansion?
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