China Analytical Instrumentation Market Size & Outlook
China analytical instrumentation market, 2018-2030 (US$M)
Related Markets
China analytical instrumentation market highlights
- The China analytical instrumentation market generated a revenue of USD 3,276.5 million in 2023 and is expected to reach USD 4,724.7 million by 2030.
- The China market is expected to grow at a CAGR of 5.4% from 2024 to 2030.
- In terms of segment, instruments was the largest revenue generating product in 2023.
- Software is the most lucrative product segment registering the fastest growth during the forecast period.
Analytical instrumentation market data book summary
| Market revenue in 2023 | USD 3,276.5 million |
| Market revenue in 2030 | USD 4,724.7 million |
| Growth rate | 5.4% (CAGR from 2023 to 2030) |
| Largest segment | Instruments |
| Fastest growing segment | Software |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Instruments, Services, Software |
| Key market players worldwide | Thermo Fisher Scientific Inc, Waters Corp, Shimadzu Corp, Danaher Corp, Agilent Technologies Inc, Bruker Corp, PerkinElmer, Mettler-Toledo International Inc, ZEISS Group, Bio-Rad Laboratories Inc, Illumina Inc, Eppendorf, Roche Holding AG, Sartorius AG, Avantor Inc |
Other key industry trends
- In terms of revenue, China accounted for 6.0% of the global analytical instrumentation market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China analytical instrumentation market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,724.7 million by 2030.
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Analytical Instrumentation Market Scope
Analytical Instrumentation Market Companies
| Name | Profile | # Employees | HQ | Website |
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China analytical instrumentation market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to analytical instrumentation market will help companies and investors design strategic landscapes.
Instruments was the largest segment with a revenue share of 55.4% in 2023. Horizon Databook has segmented the China analytical instrumentation market based on instruments, services, software covering the revenue growth of each sub-segment from 2018 to 2030.
The pandemic prompted China to invest heavily in healthcare infrastructure, including the establishment of new laboratories and medical facilities. These facilities require analytical instruments for diagnostic testing, research, and monitoring of COVID-19 cases.
Expansion of biomanufacturing facilities by key players in the region is expected to provide lucrative opportunities for growth of analytical instrumentation market. For instance, in March 2022, Stevanato Group completed the acquisition of a facility in Zhangjiagang to build a manufacturing center in China.
Similarly, in July 2021, Lonza announced an investment of USD 21 million to expand its facility in China to support the growing demand for antibody-drug conjugate production. Such initiatives are anticipated to drive the analytical instrumentation market in China over the forecast period.
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Our clientele includes a mix of analytical instrumentation market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China analytical instrumentation market , including forecasts for subscribers. This country databook contains high-level insights into China analytical instrumentation market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China analytical instrumentation market size, by product, 2018-2030 (US$M)
China Analytical Instrumentation Market Outlook Share, 2023 & 2030 (US$M)
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