With COVID-19 resulting in the economic fallout, numerous economies are working on game-changing improvements to protect their employees and clients. While focusing on the ongoing challenges, the leaders are embracing new plans in order to manage and stay afloat in this competitive environment.
China Laboratory Informatics Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of China laboratory informatics market which consists of market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
It has been found that the adoption of laboratory informatics is limited to healthcare & life sciences institutions in China. Moreover, IT integration in specialty care centers has been escalating due to the rise in private investments focusing on improving operational efficiency by accessing real-time data inputs.
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The Final Report will cover the impact analysis of COVID-19 on this industry: China Laboratory Informatics Market Analysis and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2020
The government is emerging as a key stakeholder in the healthcare market as the limitation on the opening of general clinics, third-party medical institutions are removed. These developments are set to boost the deployment of laboratory informatics solutions market in the forthcoming years in China.
According to MarkNtel Advisors’ research report “China Laboratory Informatics Market Analysis, 2020”, the China Laboratory Informatics market is anticipated to grow at a CAGR of around 13% during 2020-25. With the cost-cutting integration of technologies and enhancing innovations, the laboratory informatics has been bolstering in the biotechnology and pharmaceutical sectors in the country.
Electronic Lab Notebooks (ELNs) are Registering Sturdy Growth Rate
Apart from using LIMS, and SDMS, the adoption of ELN is rising as the companies are progressively looking to use the information from diverse sources and IPR to manage the workflow and reduction in time. The usage of LIMS is propelling day by day among the Chinese pharma manufacturers for resource management, forecast fewer sample volume and resource needs, identify process failures, etc.
During 2017-19, the country’s healthcare institutions received investments of around USD2.1 bn. A considerable amount was allocated towards establishing informatics, data analysis, AI, and other disruptive solutions as revealed by the MarkNtel Advisors’ research report “China Laboratory Informatics Market Analysis, 2020”.
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The Final Report will cover the impact analysis of COVID-19 on this industry: China Laboratory Informatics Market Analysis and Revenue Analysis Insights by Latest Trends, Top Key Players, Future Growth, Revenue and Demand Forecast 2020
On-Premise Model is the Leading Segment
The on-premise model is popular acquiring the largest market share in the country in 2019. However, the cloud-based segment is growing at a rapid pace as the companies are switching toward the online prescription models for cost-cutting.
According to MarkNtel Advisors, the key players with a considerable market share in the China Laboratory Informatics market include Lab Vantage, LabLynx, Autoscribe, Perkin Elmer, Thermofisher Scientific, Beijing Lab Ware and Sci & Tech Co., Agilent Technologies (Beijing), Abbott Laboratories, Waters Corporation, McKesson Corporation, etc are among others.
Key Questions Answered in the Market Research Report
1. What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of China Laboratory Informatics Market?
2. What are the region-wise industry size, growth drivers and challenges key market trends?
3. What are the key innovations, technology upgrades, opportunities, regulations in the China Laboratory Informatics Market?
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