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The China laboratory equipment and services market is a rapidly growing market, with a projected CAGR of 13.4% from 2019 to 2024. The market is driven by a number of factors, including the increasing demand for laboratory equipment and services from the pharmaceutical, biotechnology, and environmental testing industries.
The Chinese government is a major purchaser of laboratory equipment and services. In 2022, the government spent an estimated RMB 100 billion on laboratory equipment and services. The government's procurement is driven by the need to support scientific research and development.
The main laboratory equipment and services products and services procured by the Chinese government include:
Analytical instruments
General laboratory equipment
Specialty laboratory equipment
Laboratory consumables
Laboratory services, such as calibration, maintenance, and validation
The top authorities for China laboratory equipment and services procurement are:
Ministry of Science and Technology (MOST)
Ministry of Education (MOE)
Ministry of Health (MOH)
Ministry of Environmental Protection (MEP)
The top players in the Chinese laboratory equipment market are a mix of domestic and foreign companies. Some of the leading domestic companies include Shanghai Pufei Instrument Co., Ltd., Beijing Jusco Technology Co., Ltd., and Guangzhou Wondfo Biotech Co., Ltd.
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