All along, China's instrumentation industry has not received attention from too many companies in the industry. Although the active market leader in the market is quite confident, it is not a positive attitude toward the Chinese mainland market.
Recently, the US market survey agency SDI reported that in the past decade, China has become the world's second largest economy and has a profound influence in many industries around the world, including the life sciences analytical instrument industry. The sustained growth of China's economy has also stimulated the demand for instruments. Its market has developed at a double-digit rate for a long time, making China one of the most important markets in the world. According to the peers of life science analytical instruments, China can provide a source of demand development in today's economic situation.
The report shows that the total demand for analytical instruments in China reached 4 billion U.S. dollars in 2013 and continues to grow. However, the Chinese market still has major changes. At present, some technologies are thriving and some technologies are being cooled. Faced with the current situation in China, such as the priority of government spending, the trend of global outsourcing, food safety and environmental crisis, the future of the Chinese market will undergo greater changes. The most important trend in the Chinese market may be the continued development of Chinese-made instruments, and it will also become a strong competitor for domestic importers. In addition, many domestic companies already have the scale and strength to conduct global operations.
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