The Analytical and 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 leveraging Strategic Directions International’s proprietary database of corporate performance and surveying hundreds of laboratory scientists and researchers in the country about their instrument usage, laboratory spending, purchasing plans, supplier preferences, and regulatory parameters, this report extrapolate what the future is likely to hold for the analytical instrumentation industry in China, as well as which marketing tactics might allow for better success.
China has an estimated 1.38 billion inhabitants, accounting for nearly 20% of the world’s population. Accounting for nearly 20% of the world’s population with more than 1.35 billion inhabitants, China is the most populous nation on earth. The nation’s GDP has overtaken Japan’s to become the second largest economy in the world. The growth of a Chinese middle class is helping to transform China into both a source of product and a source of demand for many consumer goods. Demand for analytical instruments also has been transformed by the Chinese economy. Important global conglomerates have outsourced research and manufacturing to China, and with them came increased use of analytical instrumentation. The rise in productivity has enabled the Chinese to transform its educational system and domestic industrial companies, helping to fuel the demand for analytical instruments – a market now approaching $6 billion in annual sales and growing faster than either the US or European markets.
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