The China Laboratory Informatics Market is projected to grow by around 10% CAGR during the forecast period, i.e., 2021-26, cites a recent research study conducted by MarkNtel Advisors. The key highlights of the research report include the industry growth drivers, restraints, opportunities, trends, & extensive insights into the market dynamics amidst the Covid-19 crisis. Besides, a thorough analysis of the China Laboratory Informatics Market across various segments, countries, and leading competitors has also been added to the study.
The study provides a predictable market size for 2021 based on demand and price analysis. The report forecasts the China Laboratory Informatics market size to 2026 in both the short and long term. The COVID-19 pandemic has had an unfavorable influence on various markets, where small and medium-sized firms are struggling to stay afloat in the short term.
Market Drivers : Surging IT Integration & Automation to Drive the Market
The cloud is becoming the norm for laboratory informatics software. Due to the enlarging patient counts, there is an amplified need for more data storage in laboratories. Informatics providers integrate with companies for cloud solutions & SaaS strategy, and nearly all of the new players in the market provide their technology as SaaS.
With burgeoning IT spending in China, the adoption of laboratory informatics is significantly increasing. Moreover, according to an industrial report, China's expenditure on information technology (IT) is likely to witness 10% year-on-year growth and reach around USD346.1 billion by the end of 2021.
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Key points covered in the report:
- China Laboratory Informatics Market dynamics, market size, trend analysis, leading market players, opportunities, recent developments.
-Economy synopsis and forecast analysis for 2021-2026.
-The research on China Laboratory Informatics Industry includes a detailed analysis of the key market participants.
-Market strategies that are increasingly being used by prominent China Laboratory Informatics Companies.
-Assessment of market factors including market growth drivers, significant challengers, inhibitors, and opportunities.
-Strategic profiling of key market players and thorough evaluation of their growth tactics.
-PESTEL Analysis, Porter’s Five Forces Model, Competitors Analysis, Value Chain Analysis, Recommendations and Price Analysis.
The study is beneficial for industry stakeholders in justifying numerous key questions, such as which market segments should be targeted, marketing strategies to be applied, revenue generation techniques, in order to strategize investments and take advantage of market growth.
“We are constantly monitoring the changing dynamics of the Covid-19 outbreak & provide detailed impact analysis on the market”.
Key Companies & Market Share Insights:
Owing to the vast number of major and small-scale manufacturers, the market is extremely concentrated and competitive. Major corporations pursue numerous marketing tactics, such as geographic expansion, in order to boost sales and capitalize on new businesses and markets for new and existing products/services. Major industry players are: Lab Vantage, LabLynx, Autoscribe, Perkin Elmer, Thermofisher Scientific, Beijing LabWare and Sci & Tech Co., Agilent Technologies (Beijing), Abbott Laboratories, Waters Corporation, McKesson Corporation.
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Market Segmentation includes:
The China Laboratory Informatics Market is categorized. This section brings the segmentation statistics and provides insights regarding growing and dominating segments. The data has been represented using charts and graphs to make it reader friendly.
China Laboratory Informatics Market Fragments, By Product Type
Laboratory Information Management Systems (LIMS)
Electronic Lab Notebooks (ELN)
Chromatography Data Systems (CDS)
Electronic Data Capture (EDC) & Clinical Data Management Systems
Laboratory Execution Systems (LES)
Enterprise Content Management (ECM)
Scientific Data Management Systems (SDMS)
China Laboratory Informatics Market Fragments, By Components Type
Pharma and Biotechnology
Biobanks & Bio Repositories
Molecular Diagnostics & Clinical Research Labs
Contract Service Organization
Academia
Food and Beverage
Chemical Industry
Petrochemical Refinery & Oil and Gas Industry
China Laboratory Informatics Market Fragments, By Deployment Model
Remote Hosting
On-Premise Model
Cloud-Based Model
The study outlines all of the issues that are being faced by China Laboratory Informatics Market. This enables the reader to gain a better understanding of the market and grab the lucrative opportunities. The analysts conducted a thorough examination of the current market scenario while concentrating on new business objectives. A comprehensive evaluation of evolving stakeholders’ needs and the entire environment study is included.
Recommendations:
To grab the market opportunities, the analysts at MarkNtel Advisors provide strategic recommendations based on the statistical data and other relevant information. These recommendations are well researched and meant to boost the growth of the business considering the ongoing crisis of the Covid-19 pandemic. Our team uses the best research techniques and the latest methodology to provide cost-effective measures to the stakeholders and deliver professional services.
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We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.
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