Government Investments in Upgrades Sustain Laboratory Analytical Instrumentation Market in China, Finds Frost & Sullivan

Government Investments in Upgrades Sustain Laboratory Analytical Instrumentation Market in China, Finds Frost & Sullivan PR Newswire SHANGHAI, Nov. 26, 2012 - Expansion of education and research lab capabilities fuel analytical instrument adoption SHANGHAI, Nov. 26, 2012 /PRNewswire/ -- China is soon expected to become a sales hub for lab analytical instruments as international companies speed up localized manufacturing in tandem with the country's economic growth. The use of analytical lab instruments has further increased, with Government investments enabling many universities and colleges in China to add new analytical courses to their curriculum. Recent analysis from Frost & Sullivan (http://www.sensors.frost.com), Chinese Laboratory Analytical Instrumentation Market, finds that the market earned revenues of over $1.51 billion in 2011 and estimates this to reach $3.22 billion in 2018 at a compound annual growth rate of 11.4 percent. "The Chinese government is expected to increase support in food safety, public health, and technology science, spurring adoption of laboratory analytical instruments," noted Frost & Sullivan Research Analyst Leo Jia. Moreover, demand for high-performance liquid chromatographs (HPLCs) and mass spectrophotometers (MS) from the environment and food testing industries presents the market with significant growth opportunities.