Lab Instrument and Apparatus Manufacturing in China - Industry Market Research Report

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. Industry revenue is expected to rise at an annualized 4.2% over the five years through 2023, to $46.7 billion. However, the industry's revenue growth has been volatile, ranging between a rise of 9.0% in 2019, a decline of 5.8% in 2020, and a rise by 5.7% in the current year. The Lab Instrument and Apparatus Manufacturing industry in China produces instruments used for qualitative analysis, quantitative analysis, and structural analysis based on the experimental subjects’ physical, chemical, and electrical properties. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.