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China Laboratory Informatics Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of China laboratory informatics market which consists of market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
It has been found that the adoption of laboratory informatics is limited to healthcare & life sciences institutions in China. Moreover, IT integration in specialty care centers has been escalating due to the rise in private investments focusing on improving operational efficiency by accessing real-time data inputs.
The government is emerging as a key stakeholder in the healthcare market as the limitation on the opening of general clinics, third-party medical institutions are removed. These developments are set to boost the deployment of laboratory informatics solutions market in the forthcoming years in China.
According to MarkNtel Advisors’ research report “China Laboratory Informatics Market Analysis, 2020”, the China Laboratory Informatics market is anticipated to grow at a CAGR of around 13% during 2020-25. With the cost-cutting integration of technologies and enhancing innovations, the laboratory informatics has been bolstering in the biotechnology and pharmaceutical sectors in the country.
Electronic Lab Notebooks (ELNs) are Registering Sturdy Growth Rate
Apart from using LIMS, and SDMS, the adoption of ELN is rising as the companies are progressively looking to use the information from diverse sources and IPR to manage the workflow and reduction in time. The usage of LIMS is propelling day by day among the Chinese pharma manufacturers for resource management, forecast fewer sample volume and resource needs, identify process failures, etc.
During 2017-19, the country’s healthcare institutions received investments of around USD2.1 bn. A considerable amount was allocated towards establishing informatics, data analysis, AI, and other disruptive solutions as revealed by the MarkNtel Advisors’ research report “China Laboratory Informatics Market Analysis, 2020”.
On-Premise Model is the Leading Segment
The on-premise model is popular acquiring the largest market share in the country in 2019. However, the cloud-based segment is growing at a rapid pace as the companies are switching toward the online prescription models for cost-cutting.
According to MarkNtel Advisors, the key players with a considerable market share in the China Laboratory Informatics market include Lab Vantage, LabLynx, Autoscribe, Perkin Elmer, Thermofisher Scientific, Beijing Lab Ware and Sci & Tech Co., Agilent Technologies (Beijing), Abbott Laboratories, Waters Corporation, McKesson Corporation, etc are among others.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What is the historical year, base year and forecast year considered in the research report on China Laboratory Informatics Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What would be the growth rate or CAGR of China Laboratory Informatics Market during 2020-25?
A. The growth rate of China Laboratory Informatics Market during 2020-25 is forecast to be around 13%.
Q. Who are the key competitors or players operating in China Laboratory Informatics Market?
A Lab Vantage, LabLynx, Autoscribe, Perkin Elmer, Thermofisher Scientific, Beijing Lab Ware and Sci & Tech Co., Agilent Technologies (Beijing), Abbott Laboratories, Waters Corporation, McKesson Corporation, etc., are few of the leading players in the China Laboratory Informatics Market.
Q. Which product type segment would emerge as an opportunity area for players in China Laboratory Informatics Market?
A. LIMS segment is expected to attain the highest CAGR during the forecast period and would maintain its significant market share.
Q. Which end user would emerge as an opportunity area for players in China Laboratory Informatics Market?
A. The Biobanks and biorepositories sector grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of China Laboratory Informatics Market.
