China Laboratory Informatics Market Research 2024–2030: Demand Drivers & Projections
China Laboratory Informatics Market report by MarkNtel Advisors, a leading market research company, provides an in-depth analysis of the market’s size, share, and growth prospects."
China Laboratory Informatics Market Poised for Robust Growth, forecasted to Expand at 8.79% CAGR from 2024 to 2030
MarkNtel Advisors has released its latest report highlighting strong growth in the China Laboratory Informatics Market is estimated to grow at a CAGR of around 8.79% during the forecast period, i.e., 2024-30.
Report Coverage
This report offers a comprehensive analysis of the China Laboratory Informatics Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-2030
- Historical Years: 2019-2022
China Laboratory Informatics Market Overview
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 Segmentation Outlook
The China Laboratory Informatics is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
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
China Laboratory Informatics Market Challenge
Lack of Standards & Policies – In China, laboratory informatics software has not been well regulated and also lacks standards & policies related to them, which has emerged as a major market challenge. This has been primarily, because of the lack of regulations has been affecting the credibility of laboratory informatics solutions. As laboratory informatics solutions have been used across R&D facilities, any data breach might affect the entire research process of the end-user organizations.
Also, as these solutions are not well regulated, installation of unprotected solutions might also result in cyberattacks on the end user organizations, and the provider would not be held responsible. Hence, the fear of data breaches and cyber-attacks, coupled with the lack of regulatory environment has been hampering the adoption of laboratory informatics services. Consequently, this challenge has affected the growth of the market for laboratory informatics.
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Top China Laboratory Informatics Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies - 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 as key players shaping the market landscape.
China Laboratory Informatics Market News
- 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.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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