The Lab Instrument and Apparatus Manufacturing industry in China supplies general and specialized analytical instruments to the education, healthcare and food production sectors. Driven by the rapid development of companies in these sectors, the industry has been flourishing. Over the five years through 2014, industry revenue has been growing at an annualized rate of 14.1% to $4.6 billion. However, annual growth was volatile, ranging between 5.1% and 27.0% over the period.
The industry is highly dependent on imports of high-end products, as there is a huge technological gap between Chinese and foreign lab instrument manufacturers.
The Lab Instrument and Apparatus Manufacturing industry in China primarily produces instruments used for qualitative analysis, quantitative analysis, and structural analysis based on the experimental subjects’ physical, chemical, and electrical properties.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.