China Laboratory Supplies Market Size & Outlook, 2023-2030
China laboratory supplies market, 2018-2030 (US$M)
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China laboratory supplies market highlights
- The China laboratory supplies market generated a revenue of USD 2,925.5 million in 2023 and is expected to reach USD 4,579.8 million by 2030.
- The China market is expected to grow at a CAGR of 6.6% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Disposables is the most lucrative product segment registering the fastest growth during the forecast period.
Laboratory supplies market data book summary
| Market revenue in 2023 | USD 2,925.5 million |
| Market revenue in 2030 | USD 4,579.8 million |
| Growth rate | 6.6% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Disposables |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Disposables |
| Key market players worldwide | Agilent Technologies Inc, Bio-Rad Laboratories Inc, Bruker Corp, Danaher Corp, FUJIFILM Holdings Corp, PerkinElmer, Sartorius AG, Shimadzu Corp, Thermo Fisher Scientific Inc, Waters Corp |
Other key industry trends
- In terms of revenue, China accounted for 7.1% of the global laboratory supplies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China laboratory supplies market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,155.8 million by 2030.
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Laboratory Supplies Market Scope
Laboratory Supplies Market Companies
| Name | Profile | # Employees | HQ | Website |
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China laboratory supplies 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 supplies market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 62.58% in 2023. Horizon Databook has segmented the China laboratory supplies market based on equipment, disposables covering the revenue growth of each sub-segment from 2018 to 2030.
According to an article published in Live Science, the Chinese government aims to build 5 to 7 high containment labs in the country by 2025. In May 2020, Chengdu Institute of Biological Products Co, Ltd obtained registration for 15 secondary biosafety laboratories. The development of new labs is anticipated to increase the demand for lab equipment, especially biosafety cabinets.
China is the forerunner in global COVID-19-related clinical trials. According to WHO data, as of July 2020, there were more than 820 COVID-19 clinical trials registered in the country. Moreover, nearly 40% of the global clinical trials related COVID-19 vaccine are being conducted in China.
The Chinese government is providing funds for trials and has also fast-tracked projects related to vaccine development. Such supportive government initiatives and the large number of clinical trials are anticipated to facilitate market growth, due to high laboratory work associated with trials and vaccine development.
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Target buyers of China laboratory supplies market databook
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Our clientele includes a mix of laboratory supplies 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 laboratory supplies market , including forecasts for subscribers. This country databook contains high-level insights into China laboratory supplies market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China laboratory supplies market size, by product, 2018-2030 (US$M)
China Laboratory Supplies Market Outlook Share, 2023 & 2030 (US$M)
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