MarkNtel Advisors, a leading market research firm, has showed its latest study titled “China Laboratory Informatics Market“, offering a detailed industry overview and market perspective. This comprehensive research provides insights into the current state of the market, highlighting recent advancements and emerging trends.
The report combines in-depth quantitative analysis with qualitative analysis; it ranges from macro-overviews of the overall market size, industry chain, and market dynamics to micro details of segment markets. This, as a result, provides a thorough overview of the industry under study as well as a profound understanding of all of its important features.
Analysis and Insights into 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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What are the primary factors driving the growth of the China Laboratory Informatics market?
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.
China Laboratory Informatics Market Segmentation:
The China Laboratory Informatics market is categorized in to different segments. Analyzing growth across these segments enables a comprehensive understanding of key growth areas within the industry. This segmentation provides valuable market insights, empowering stakeholders to make strategic decisions and identify primary market applications effectively.
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.)
- Laboratory Information Management Systems have dominated the Laboratory Informatics Market as they can be effectively integrated with laboratory instruments.
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
Geographical Analysis into the China Laboratory Informatics Market:
- North
- East
- South Central
- South West
- North West
- North East
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Competitive Landscape and China Laboratory Informatics Market Share Analysis:
The competitive landscape of the China Laboratory Informatics market includes comprehensive details about competitors. These details encompass company overviews, financial performance, revenue generation, market potential, investments in research and development, new market strategies, production facilities, strengths and weaknesses, product launches, ongoing trials, approvals, patents, product range, dominant applications, and technology life cycle.
The report features major players including:
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
Market research studies from MarkNtel Advisors are offered in PDF, Excel and PowerPoint formats. Within 24 hours of the payment being successfully received, the report will be sent to your email address.
Questions Addressed in this Study
- What factors are driving the China Laboratory Informatics Market growth?
- How is the China Laboratory Informatics Market expected to grow over the next five years?
- What are the key insights into the current trends in the China Laboratory Informatics Market?
- What is the current size of the China Laboratory Informatics Market, and how is it projected to change in the future?
- What is the future outlook for the China Laboratory Informatics Market in terms of technological advancements and market expansion?
Why choose MarkNtel?
MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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