China Laboratory Informatics Market Size & Outlook
China laboratory informatics market, 2018-2030 (US$M)
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China laboratory informatics market highlights
- The China laboratory informatics market generated a revenue of USD 183.8 million in 2023 and is expected to reach USD 300.9 million by 2030.
- The China market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, laboratory information management systems (lims) was the largest revenue generating product in 2023.
- Laboratory Information Management Systems (LIMS) is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory informatics market data book summary
| Market revenue in 2023 | USD 183.8 million |
| Market revenue in 2030 | USD 300.9 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Laboratory information management systems (lims) |
| Fastest growing segment | Laboratory Information Management Systems (LIMS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Laboratory Information Management Systems (LIMS), Electronic Lab Notebooks (ELN), Scientific Data Management Systems (SDMS), Laboratory Execution Systems (LES), Electronic Data Capture (EDC) & Clinical Data Management Systems (CDMS), Chromatography Data Systems (CDS), Enterprise Content Management (ECM) |
| Key market players worldwide | Thermo Fisher Scientific Inc, LabWare, PerkinElmer, LabVantage Solutions, Inc., LabLynx, Agilent Technologies Inc, McKesson Corp, Waters Corp, Abbott Laboratories |
Other key industry trends
- In terms of revenue, China accounted for 5.0% of the global laboratory informatics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan laboratory informatics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 346.2 million by 2030.
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Laboratory Informatics Market Scope
Laboratory Informatics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China laboratory informatics 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 laboratory informatics market will help companies and investors design strategic landscapes.
Laboratory information management systems (lims) was the largest segment with a revenue share of 46.3% in 2023. Horizon Databook has segmented the China laboratory informatics market based on laboratory information management systems (lims), electronic lab notebooks (eln), scientific data management systems (sdms), laboratory execution systems (les), electronic data capture (edc) & clinical data management systems (cdms), chromatography data systems (cds), enterprise content management (ecm) covering the revenue growth of each sub-segment from 2018 to 2030.
China’s lab informatics market growing unmet needs of the huge population base, the market is expected to witness lucrative growth over the forecast period. The Ministry of Health in China has defined an action plan for use of e-health related services to geographically dispersed sections of the country encompassing broad areas of medical services, insurance plans, and with a large focus on the adoption of electronic record systems to allow data sharing across the national healthcare system.
To this end, the Health Information Standards Professional Committee of Ministry of Health formulates standards and specifications for the national medical records systems to enable standardization of China’s health information.
To integrate information and communication technology at all geographic levels and close the inequity gap in healthcare access, the Chinese government, through its 12th Five-Year Plan, aims at developing ehealth records and facilitate information sharing using Regional Healthcare Information Networks (RHINs) for citizens residing in rural parts of the country as well. These initiatives are expected to help penetrate the lab informatics services in China, thus boosting the market growth.
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Our clientele includes a mix of laboratory informatics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the China laboratory informatics market , including forecasts for subscribers. This country databook contains high-level insights into China laboratory informatics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China laboratory informatics market size, by product, 2018-2030 (US$M)
China Laboratory Informatics Market Outlook Share, 2023 & 2030 (US$M)
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