Market Spotlight: The Analytical & Life Science Instrument Market in China: Dispatch from the Middle Kingdom
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Published in January 2017, SDi’s 2017 Global Assessment Report is the definitive market reference tool for the analytical and life science instrumentation industry, covering the worldwide market for 82 distinct technologies grouped into 10 major categories. A recurring theme in this publication is the anticipation of robust sales growth in China for many of the technologies covered. This is nothing new of course. Sales for most technologies have generally grown fastest in China over the last decade and many executives from the industry are cautiously optimistic that it will remain this way for at least the next few years. With a bourgeoning pharma/bio sector and increasingly stringent environmental and food regulations, it is not hard to see why.
The Analytical & Life Science Instrument Market in China: Dispatch from the Middle Kingdom was specifically developed to go beneath the surface of the instrumentation market in China to address and explore the engines that drive its growth and to what extent laboratory spending in the nation will continue to flourish. By surveying hundreds of laboratory scientists and researchers in the country about their instrument usage, laboratory spending, purchasing plans, supplier preferences, and regulatory parameters, SDi was able to extrapolate what the future is likely to hold for the analytical instrumentation industry in the region, as well as which marketing tactics might allow for better success. This report does not focus on one particular technology, but broadly addresses the same 82 technologies that were covered in The 2017 Global Assessment Report. The focus therefore is on the different industries in China and what impact their directions might have on the sales of lab instruments and lab equipment.
Besides the information collected from instrument end-users, The Analytical & Life Science Instrument Market in China: Dispatch from the Middle Kingdom contains market estimates that represent the cumulative annual sales of the suppliers of each technology. These are not necessarily the same as end-user sales. It is important to note that these estimates include not only the sale of the initial system, but revenues from the aftermarket (components and consumables) and service as well. The technologies that are covered are primarily benchtop and portable instruments. Unless they are specifically called out, market estimates do not cover process instruments or special-purpose clinical diagnostics instruments that bear regulatory approval marks.
