China Laboratory Informatics Market to Grow at a CAGR of more than 10% through 2026

According to MarkNtel Advisors, the China Laboratory Informatics Market is expected to grow at a CAGR of more than 10% in the forecast period of 2021-26.
NEW YORK, N.J. - Oct. 7, 2021 - PRLog -- The market growth principally attributes to the mounting need for scientific data integration solutions & the rising adoption of laboratory information management systems across several verticals, especially the pharmaceuticals industry.

Additionally, the soaring need for automating laboratory operations to decrease operational expenses is also projected to propel market growth in the coming years. Also, the rising number of samples and information continues to boost the demand for laboratory informatics in the country. Hence, based on these aspects, China Laboratory Informatics Market is likely to grow significantly during the forecast period, further states the research report, "China Laboratory Informatics Market Analysis, 2021."

Chemical Industry to Grow at a Sturdy Rate in the China Laboratory Informatics Market During 2021-26
Based on the Industry, the China Laboratory Informatics Market bifurcates into:
  • Pharma & Biotechnology
  • Biobanks & Bio Repositories
  • Molecular Diagnostics & Clinical Research Labs
  • Contract Service Organization
  • Academia
  • Food and Beverage
  • Chemical Industry
  • Petrochemical Refinery & Oil and Gas Industry

Of these segments, the demand for laboratory informatics across the Chemical Industry of China is expected to witness a sturdy growth rate during 2021-26. China has the fastest-growing chemical industry. The country accounts for around 40% of the global chemical industry revenues. Moreover, China expects to contribute to more than half of the chemical industry's growth globally in the coming years, thereby underlining its importance.

The country's Made in China 2025 policy is prioritizing developments in several high-tech industries, which shall stimulate some end markets like Electronics, Aerospace, Electric Vehicles (EVs), and Batteries &, in turn, create opportunities for expanding the production of more sophisticated chemical products in China. Hence, the burgeoning investments in labs in the chemical industry of China are boosting the adoption of laboratory informatics in the sector.

"China Laboratory Informatics Market Analysis, 2021" highlights insights on the market potential & opportunities, along with business strategies to enhance the overall market growth. The report offers an overview of leading market players and their recent developments. Moreover, the report provides incredible market opportunities & emerging trends to help stakeholders make appropriate decisions before investing.

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Key Questions Answered in the Study
1.    What are the current & future trends in the China Laboratory Informatics Market?
2.    How has the industry been evolving in terms of geography & service adoption?
3.    How has the competition been shaping across China, followed by their comparative factorial indexing?
4.    What are the key growth drivers & challenges for the China Laboratory Informatics Market?

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