China Analytical Instrumentation Market Size & 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. The need for mass testing to identify and contain COVID-19 outbreaks drove the demand for analytical instruments such as PCR machines and automated diagnostic systems to efficiently process a high volume of tests.

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. This new facility will support the Chinese pharmaceutical industry to fulfill the increasing demand for biologics by streamlining drug development supply chain in the country.

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. With lockdowns and restrictions in place, there was an increased focus on monitoring air and water quality. This led to a surge in the demand for analytical instruments used for environmental monitoring and analysis.