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According to the latest report by MarkNtel Advisors, titled “China Laboratory Informatics Market By Product Type (Nitrogenous Fertilizer, Phosphatic, Potassic, Others), The China Laboratory Informatics Market is likely to grow at a CAGR of around 8.79% in the forecast period of 2024-30. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.
Base Year: 2023
Forecast Period: 2024-30
Historical Data: 2019-22
CAGR (2024-2030): 8.79%
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Expansion of Clinical Laboratories – Clinical laboratories have been expanding in China over the past few years, which has become a huge emerging market trend. The demand for clinical laboratories has increased as pharmaceutical manufacturers are speeding up the processes of developing new drugs, vaccines, and biologics across the country. This is mainly due to the large number of tests, such as viral vector testing and bioanalytical testing, which have been required during clinical trials and the development of new drugs. Hence, to cater to this emerging market trend, wherein the demand for clinical testing solutions is growing, several companies have been expanding their coverage of clinical testing laboratories across the country.
Hence, as clinical laboratories have been expanding, it has helped drive the market for laboratory informatics in China. Also, as the country is largely focusing on research & development activities in the life sciences sector, this would further emerge as a new market trend and would drive the need for laboratory informatics services in the coming years as well.
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-By Product Type
Laboratory Information Management Systems have dominated the Laboratory Informatics Market as they can be effectively integrated with laboratory instruments.
-By End User
The Pharmaceutical & Biotechnology segment under the Life Science Industry companies has gained major market share as end users of laboratory informatics in China.
-By Components
-By Deployment Model
-By Region
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China Laboratory Informatics Market Share China Laboratory Informatics Market Trends China Laboratory Informatics Market Growth
