China Laboratory Informatics Market Dynamics – Driver, Challenge, Segment & Competition FY2030

Markntel Advisors’ report, China Laboratory Informatics Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the China Laboratory Informatics presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

China Laboratory Informatics Market Research Report & Market Summary:

The China Laboratory Informatics Market is estimated to grow at a CAGR of around 8.79% during the forecast period, i.e., 2024-30. The major factors responsible for this market growth included the expansion of research laboratories across China and increasing R&D investments in the country. In recent years, the country has been largely facing geopolitical tensions, which have been impacting its economic growth. Hence, observing these impacts on economic growth, the government of China has initiated aligning its spending toward research & development, to become a technological powerhouse across the globe.

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China Laboratory Informatics Market Dynamics:

Key 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.

China Laboratory Informatics Market Segmentation Analysis:

According to MarkNtel study the market is segmented into the following categories:

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)

Laboratory Information Management Systems have dominated the Laboratory Informatics Market as they can be effectively integrated with laboratory instruments. In this way, it enables organizations to automate lab workflows and hence has been largely preferred by them. Other added advantages of LIMS software are the capacity for tracking & managing samples in the laboratories, all of which further help a laboratory to ease its management process, as such, the software adoption in China is increasing.

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)

The Pharmaceutical & Biotechnology segment under the Life Science Industry companies has gained major market share as end users of laboratory informatics in China. These companies actively pursue research & development activities in their organization for the expansion of new & more effective pharmaceutical products. Also, they actively integrate laboratory informatics technology into their research workflow as it helps in excessively simplifying the process of research activities.

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)

By Region

North
East
South Central
South West
North West
North East.

As indicated in the latest market research report published by Markntel Advisors, “China Laboratory Informatics Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the China Laboratory Informatics industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures - https://www.marknteladvisors.com/research-library/china-laboratory-informatics.html

Top Companies Operating in the China Laboratory Informatics Market:

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

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Key Report Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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