China Business Information Network: Life science is a science that studies life phenomena and reveals the laws of life activities and the essence of life. The research objects include animals, plants, microorganisms and humans themselves, and the research level involves molecules, cells, tissues, organs, individuals, groups, communities and ecosystems. The rapid development of life science research has driven the rapid growth of demand for upstream related industries. As an important tool for life science, experimental and testing consumables have huge market demand.
Global market size
Global life science consumables market is mainly Europe and the United States. The Asia-Pacific region, especially countries represented by China, India and Singapore, has grown rapidly with the increasing investment in the biotech industry. In 2018, the global life science medical consumables market size was US$33.687 billion, and the market size is expected to reach US$58.919 billion in 2022.
Data source: compiled by China Business Industry Research Institute
Domestic market size
China's life science research started late compared with European and American countries. However, with the country's emphasis on the life science industry and the rapid development of the biopharmaceutical industry, the Chinese market has gradually become an emerging market for life science experiments and testing consumables. In 2017, the market capacity of disposable life science experiments and testing consumables in my country was 19.272 billion yuan, which increased to 23.126 billion yuan in 2018. It is predicted that the annual growth rate will be 20% in the future, and the scale will reach 47.955 billion yuan in 2022.
Industry development prospects
1. National policies promote the continuous and rapid development of the industry
0 The biological industry is a strategic emerging industry that my country strongly supports and encourages the development of the industry. In order to promote the development of the industry, the state has promulgated the "Regulations on Safety Management of Biotechnology Research and Development (Draft for Comments)" and "The "13th Five-Year Plan for Bioindustry Development", which will enhance R&D innovation capabilities, upgrade industrial structure, and expand application space as development goals, emphasizing the important application of life sciences in building a new biomedical system, improving the development level of biomedical engineering, and building an advanced technological gene bank. The "Proposal of the Central Committee of the Communist Party of China on Formulating the 14th Five-Year Plan for National Economic and Social Development and the Long-Term Goals for 2035" promulgated in October 2020 once again emphasized the acceleration of the expansion of strategic emerging industries such as biotechnology. As an important part of life science research, biological laboratory consumables face a broad market space.
2. The demand in the domestic life science service field develops rapidly
my country's life science experimental consumables market demand will maintain rapid growth. In 2018, my country's biological laboratory consumables market size was 23.126 billion yuan, accounting for about 10.00% of the world. my country's huge population base and rapidly growing demand for biomedical medicine are expected to drive the rapid development of the biotechnology experimental consumables market, and it is expected that the compound annual growth rate from 2019 to 2023 is expected to reach 20.00%. At the same time, the domestic demand for import substitution of high-end life science experiments is becoming increasingly strong. Domestic brands are expected to break the dominance of foreign brands and their market share is expected to increase. High-end life science experiment consumables companies with core technologies, including companies, will benefit from it. Especially in the context of the 2020 COVID-19 pandemic, international giants have experienced a large shortage of domestic stocks, and overseas delivery is restricted by international shipping capacity, which provides development opportunities for domestic consumables to replace foreign brands.
3. The scale expansion of life science research data demand for large-scale automated operation consumables has increased
Modern life science research has formed a large number of samples and experimental data, and it is necessary to provide supporting automation systems and equipment to ensure the efficiency of mass sample collection, storage and processing. High-end consumables suitable for large-scale automated operations are becoming increasingly important for the promotion of life science experiments and the preservation of samples, and the market demand for high-end consumables is constantly expanding. As an enterprise specializing in the research and development and production of experimental and testing consumables, the company has laid out high-end consumables earlier, especially in products such as multi-code in one frozen storage duct that can be used for large-scale automated operations. The product performance is excellent, customer expansion has made great progress, and has formed a considerable sales scale, and has great opportunities in subsequent import substitution and market expansion.
For more information, please refer to the "Research Report on Market Prospects and Investment Opportunities of China Life Science Consumables Industry" released by China Business Industry Research Institute. At the same time, China Business Industry Research Institute also provides industrial big data, industrial intelligence, industrial research reports, industrial planning, park planning, 14th Five-Year Plan, industrial investment promotion and other services.
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