2024 Scientific Experimental Instrument and Equipment Industry Market Research and Development Prospect Forecast Report

The scientific experiment instrument and equipment industry benefits from the support and encouragement of national policies

In order to promote the development of domestic instruments and equipment and encourage the innovation of domestic manufacturers, the State Council, the National Development and Reform Commission, the State Administration of Taxation and other departments have successively issued the "Administrative Measures for VAT Refund of Domestic Equipment Purchased by R&D Institutions", "Several Opinions of the General Office of the State Council on Reforming and Improving the Management of Scientific Research Funds of the Central Government", "14th Five-Year Plan" for the Development of Bioeconomy and other policy documents to promote the application of domestic equipment and support the development of domestic scientific experimental instrument and equipment manufacturers. The support and encouragement of national policies provide a good macro policy environment for the development of the scientific experimental instrument and equipment industry, which is conducive to the orderly, healthy and rapid development of the domestic industry.

1. Basic concepts of scientific experiment instruments and equipment

Scientific experimental instruments and equipment refer to the instruments and equipment (excluding conventional instruments and physical measuring tools) that are intended to be used for laboratory analysis, measurement, measurement, verification, observation, inspection, diagnosis, operation and control, including chemical analysis instruments, physical property testing instruments, life science instruments and many other instruments used for analysis and testing, as well as common laboratory instruments and equipment that cannot directly carry out quantitative or qualitative analysis of samples, but are necessary for the effective development of laboratory analysis and testing, such as sample pretreatment instruments, storage equipment, Heating or refrigeration equipment, cleaning or disinfection equipment, and some laboratory supporting instruments and equipment, etc.

The upstream of the industrial chain of the scientific experiment instrument and equipment industry is the manufacturer of sensors, controllers and other parts and raw materials; Midstream is a manufacturer of scientific experiment instruments and equipment; The downstream is all kinds of scientific research institutions, universities, as well as enterprises in biopharmaceutical, food and cosmetics, new energy and other industries.

2024 Scientific Experimental Instrument and Equipment Industry Market Research and Development Prospect Forecast Report

2. The basic situation of the global scientific experiment instrument and equipment industry

Scientific experimental instruments and equipment are indispensable tools for carrying out research and experimental activities, and are an important way for human beings to observe new phenomena, obtain new data, discover new mechanisms, and reveal new laws. Scientific experimental instruments and equipment have become an important foundation for promoting the high-quality development of the national economy and the continuous innovation of science and technology.

The development of scientific experimental instruments and equipment can be traced back to the Renaissance at the earliest, and the demand for scientific research activities in Western countries has promoted the production of scientific experimental instruments and equipment, and all kinds of scientific instruments used for scientific research have provided the basis for scientific discovery. In the 20th century, the rapid development of industry has strongly promoted the progress of the scientific experimental instrument industry, and internationally renowned scientific instrument manufacturers such as Thermo Fisher, Agilent Technologies, Inc., and Bruker Corporation were established during this period. Since the 21st century, the United States, France, Germany, the United Kingdom and Japan and other major scientific experiment instrument and equipment manufacturing countries have set up special plans (funds) to develop "major scientific instruments", at the same time, China, South Korea and other emerging countries have accelerated the development and production of scientific experimental instruments and equipment, and the global scientific experiment instrument and equipment industry has entered a stage of accelerated development.

3. The driving factors of the global scientific experiment instrument and equipment industry

(1) R&D expenditures of various countries have grown steadily

R&D expenditure in various countries is the main driving force for the growth of the market size of scientific experiment instruments and equipment. At present, the global competition in science and technology is becoming more and more fierce, and scientific and technological innovation has become a key part of enhancing the country's comprehensive national strength, and all countries attach great importance to investment in research and development activities. According to the data released by the OECD, since 2000, the R&D expenditure of the world's major developed countries has basically maintained growth, of which the R&D expenditure of the United States has increased from US$360.340 billion in 2000 to US$709.713 billion in 2021, with an average annual compound growth rate of 4.62%. As an important facility foundation for R&D activities, scientific experimental instruments and equipment will continue to grow with the gradual increase in research and experimental development expenditures in various countries.

(2) The development of bioeconomy has brought new growth points

Bioeconomy is an economy based on the R&D and application of life science and biotechnology, based on biotechnology products and industries, and is the fourth economic form after agricultural economy, industrial economy and digital economy. Since the beginning of the 21st century, developed countries and international institutions such as the United States and the European Union have begun to intensively formulate and implement bioeconomy strategies. In May 2009, the OECD released the report "Bioeconomy 2030: Setting the Policy Agenda", which concluded that biotechnology will contribute more than 2.7% to global GDP by 2030.

As the foundation of bioeconomy, the development of life science drives the advent of the bioeconomy era. At present, life science research has entered the third stage, and a series of major discoveries have emerged, and life science has shown explosive growth. At the same time, the creation and application of various physical and chemical methods and technology platforms have provided more and more powerful tools for life science research, promoting the development of life science research from qualitative description to dynamic, accurate and quantitative interpretation.

On the basis of the rapid development of related research in the field of life sciences, the investment in research funds in the field of life sciences in countries around the world is also showing a rapid growth trend. The needs of life science and bioeconomy in experimental research, inspection and testing, application development and other aspects have brought a broad market demand for scientific experimental instruments and equipment, and have become a new growth point for the future scientific experiment instrument and equipment market.

(3) The market size of the downstream inspection and testing industry is large

The downstream application fields of scientific experimental instruments and equipment are wide, among which the inspection and testing industry is one of the main downstream markets for scientific experimental instruments and equipment, covering environmental monitoring, food safety testing, medical testing, industrial testing and other subdivisions. Inspection and testing mainly refers to the testing of product quality, safety, performance, environmental protection and other aspects through equipment, instruments and professional technology, which is an important step to verify that the product or service achieves the corresponding standards. Due to the coverage of many industries in modern society, the market size of the inspection and testing industry is large. According to the statistics of the Department of Accreditation and Inspection and Testing Supervision of the State Administration for Market Regulation, the market size of the global inspection and testing industry has increased from 74.1 billion euros in 2016 to 212.7 billion euros in 2020 (corresponding to a market size of more than 1.6 trillion yuan), with an average annual compound growth rate of 30.16%.

4. The basic situation of China's scientific experiment instrument and equipment industry

With the in-depth promotion of the national industrial transformation and upgrading process and the rapid development of emerging fields such as new materials, new energy, energy conservation and environmental protection, and biomedicine, the downstream application fields of scientific experimental instruments and equipment continue to expand. At present, scientific experimental instruments and equipment have been widely used in life sciences, biopharmaceuticals, new energy, environmental monitoring, food testing, commodity inspection, material analysis and other industries, playing an important role in product research and development, inspection and testing and other key links, providing strong basic support for the high-quality development of various industries. At the same time, the continuous development of downstream application fields also puts forward higher requirements for the performance, accuracy and efficiency of scientific experimental instruments and equipment, thus becoming the source of technological upgrading and product iteration in the scientific experimental instrument and equipment industry.

(1) The mainland scientific experiment instrument and equipment industry started late

The mainland scientific experiment instrument and equipment industry started late, and the products produced by domestic manufacturers are generally inferior to similar products in Europe and the United States in terms of technical indicators and performance parameters. Although with the continuous strengthening of R&D investment and technology accumulation by domestic manufacturers, and at the same time, under the encouragement and guidance of national policies, the technical gap between domestic scientific experimental instruments and equipment and foreign products is constantly narrowing, but large-scale analytical instruments are basically monopolized by Europe and the United States.

(2) The demand for scientific experiment instruments and equipment is mainly concentrated in the developed coastal areas

The scale of demand for scientific experimental instruments and equipment is related to the level of regional economic development, the scale of R&D investment, and the number of scientific research institutions. At present, the demand for scientific experimental instruments and equipment industry in mainland China is mainly distributed in the Yangtze River Delta, the Pearl River Delta and the Beijing-Tianjin-Hebei region, where the level of economic development is high, the scale of scientific and technological research and development is large, and the demand for scientific experimental instruments and equipment is relatively strong. According to the 2022 National Statistical Communiqué on National Science and Technology Expenditure jointly issued by the National Bureau of Statistics, the Ministry of Science and Technology and the Ministry of Finance, the national R&D expenditure in 2022 reached RMB3,078.290 billion, with the top five provinces and cities in terms of expenditure being Guangdong, Jiangsu, Beijing, Zhejiang and Shandong, accounting for more than half of the country's R&D expenditure.

5. The driving factors of China's scientific experiment instrument and equipment industry

(1) China's R&D expenditure has grown steadily, and there are a large number of scientific research institutions

The demand potential of the scientific experiment instrument and equipment industry is related to the development of scientific research activities, and the development of scientific research activities is mainly reflected in the number and scale of scientific research institutions and R&D investment. From 2010 to 2021, the average annual compound growth rate of R&D expenditure in mainland China reached 13.29%, and R&D expenditure continued to maintain rapid growth. In 2021, the mainland's R&D expenditure reached 2.79 trillion yuan, a year-on-year increase of 14.23%, and the R&D expenditure intensity (the proportion of R&D expenditure in GDP) was 2.44%, with the investment intensity continuing to increase and ranking second in the world. Among them, colleges and universities and various types of scientific research institutions, as one of the main downstream customers of scientific experimental instruments and equipment, have seen rapid growth in R&D investment in recent years. According to the 2022 National Statistical Communiqué on Science and Technology Investment, in 2022, mainland universities and government-affiliated research institutions invested RMB622.680 billion in science and technology, a year-on-year increase of 5.53%.

In terms of the main body of R&D activities, the mainland's R&D and experimental development expenditure is mainly invested by enterprises. According to the National Statistical Bulletin on Science and Technology Investment, from 2017 to 2022, the proportion of enterprise investment in the mainland's research and experimental development investment has always remained above 75%, and as the mainland continues to encourage scientific research, some non-profit organizations have gradually increased their investment in research and experimental development activities. The proportion of R&D investment by non-profit organizations and other organizations has steadily increased from 1.4% in 2017 to 2.0% in 2021, and the types of investment entities are diversifying.

There are a large number of colleges and universities and various types of laboratories in mainland China, and national policies have increased support for the construction of laboratories. According to the Ministry of Education, as of 2023, there are a total of 3,074 colleges and universities in mainland China, an increase of 61 over the previous year; According to the China National Accreditation Service for Conformity Assessment (CNAS), as of March 31, 2023, CNAS has accredited a total of 16,040 certification bodies, laboratories, inspection bodies, and validation and verification bodies, including 234 certification bodies, 14,943 laboratories, 855 inspection bodies, and 8 validation and verification bodies. More than 1.6 million certification certificates have been issued by accredited certification bodies, and the number of CNAS accredited institutions and the number of recognized certification certificates have ranked first in the world for many years. In terms of national policies, the 14th Five-Year Plan points out that it is necessary to accelerate the construction of strategic scientific and technological forces led by national laboratories, establish a number of national laboratories in major innovation fields, reorganize national key laboratories, and form a laboratory system with reasonable structure and efficient operation. Guided by the "14th Five-Year Plan", the state has successively introduced a number of policies, including re-lending for scientific and technological innovation, and starting the construction of basic discipline research centers, to support scientific and technological innovation, improve scientific research capabilities, and promote the construction of laboratories in mainland China. The continuous growth of R&D investment in enterprises, government-affiliated research institutions, colleges and universities, and the increase in the number of various types of laboratories have provided impetus for the growth of demand for scientific experimental instruments and equipment.

(2) The continuous development of the downstream industry drives the procurement demand for scientific experimental instruments and equipment

In terms of the biopharmaceutical industry, the mainland biopharmaceutical industry is ushering in a golden stage of development, and there is a strong demand for scientific experimental instruments and equipment for cell culture, biological culture, biological sample storage, drug stability testing and other purposes. According to the "2024-2030 China Pharmaceutical Industry Market Research and Development Prospect Forecast Report" released by PwC Consulting, from 2018 to 2023, the scale of China's pharmaceutical market for terminal sales has achieved significant growth, with the total scale steadily increasing from RMB1,713.1 billion to RMB1,861.4 billion, with a compound annual growth rate of 3.78%. At the same time, the medical device industry in mainland China is also showing a rapid development trend, and the "2024-2030 Medical Device Industry In-depth Research and Investment Prospect Forecast Report" released by PwC Youce Consulting shows that the scale of China's medical device market will grow to 1,122.9 billion yuan in 2023.

In terms of the medical and health industry, new medical infrastructure has brought about the need for new construction and renewal of medical and health infrastructure such as hospitals. In July 2021, the National Development and Reform Commission (NDRC) and the National Health Commission (NHC) jointly issued the Implementation Plan for the Construction of a High-quality and Efficient Medical and Health Service System during the 14th Five-Year Plan, which plans to accelerate the construction of a strong public health system and promote the expansion of high-quality medical resources and the balanced distribution of regions. In November 2021, the National Health Commission (NHC) issued the "Thousand Counties Project" County Hospital Comprehensive Capacity Improvement Plan (2021-2025), proposing that by 2025, at least 1,000 county hospitals across the country will reach the level of tertiary hospital medical services. In addition, the state has recently introduced a subsidized loan policy to provide support for new medical infrastructure. The successive introduction of various policies for the new medical infrastructure to create a good policy environment, the country's investment in the construction of the public health service system is also increasing, the implementation of the new medical infrastructure will effectively promote the growth of medical equipment, consumables and all kinds of scientific experimental equipment demand.

In terms of the inspection and testing industry, the inspection and testing industry needs to use drying ovens, incubators, various test chambers and other scientific experimental instruments and equipment to process samples and carry out inspection and testing. Compared with the global market, the mainland inspection and testing industry started late but developed rapidly, and in recent years, the industry scale has been expanding, and it has become the main market of the global inspection and testing industry. According to the data of the Accreditation and Testing Department of the State Administration for Market Regulation, the revenue scale of the inspection and testing industry in mainland China increased from 281.050 billion yuan in 2018 to 427.584 billion yuan in 2022, with an average annual compound growth rate of 13.03%, which is higher than the global growth level.

In addition to the above-mentioned industries, food, daily chemicals, new energy, new materials, electronic components and other industries enterprises need to use drying ovens, various types of test chambers and other scientific experimental instruments and equipment in the process of product production and development experiments, providing a larger market space for the scientific experimental equipment industry.

(3) The field of life sciences and bioeconomy has become a new growth point

The field of life sciences and bioeconomy will become a new growth point for the downstream application of the scientific experiment instrument and equipment industry. During the "14th Five-Year Plan" period, the bioeconomy will become a strong driving force for the high-quality development of the mainland, and it will become an important task to strengthen basic research and technological innovation in the field of life sciences and improve the construction of the national biosecurity risk prevention and control and governance system. In May 2022, the National Development and Reform Commission (NDRC) issued the 14th Five-Year Plan for the Development of the Bioeconomy, proposing that the bioeconomy is driven by the development and progress of life sciences and biotechnology, based on the protection, development and utilization of biological resources, and characterized by extensive and deep integration of pharmaceutical, health, agriculture, forestry, energy, environmental protection, materials and other industries. The rapid development and industrial application of life sciences such as basic research, biopharmaceuticals, and medical testing, as well as the gradual maturity of emerging biotechnology such as immunotherapy, gene diagnosis and treatment, and stem cell therapy, have made the demand for scientific experimental instruments and equipment such as biological culture, sample storage, and sample operation platforms for government research institutions, universities, and pharmaceutical enterprises show an increasing trend.

6. The competition pattern of the scientific experiment instrument and equipment industry

With the continuous growth of scientific research investment in the mainland, the market for scientific experimental instruments and equipment is also developing rapidly, and the mainland has become one of the main markets for scientific experimental instruments and equipment in the world, and the market scale is still expanding. In view of the good development trend of the mainland market, large international scientific experimental instrument and equipment manufacturers have set up branches in China, established sales and service networks, and participated in market competition. Due to the late start and weak technical foundation of the mainland scientific experimental instrument and equipment industry, foreign manufacturers occupy a dominant position in the domestic market by virtue of their technical strength, financial advantages and brand awareness.

In recent years, changes in the international trade situation are changing the competition pattern of the domestic market, the state has continuously strengthened its support for the field of scientific experimental instruments and equipment, and domestic manufacturers are also increasing R&D investment and improving product technology. In the field of laboratory general instruments and equipment, domestic manufacturers have the ability to compete with internationally renowned brands, breaking the competition pattern dominated by foreign giants and imported products, and domestic products have occupied a dominant position in the domestic market.

(1) Thermo Fisher

The company is a global leader in scientific services, and its main products include carbon dioxide incubators, ultra-low temperature freezers, biological safety cabinets, rail shakers, fluorescence/chemiluminescence analyzers, centrifugal concentrators, PCR instruments, electrophoresis tanks, centrifuges, etc.

(2) Binder

binder is one of the world's largest manufacturers of simulation chambers for scientific and industrial laboratories. binder has long been committed to the development and production of environmental simulation chambers, providing a stable and reliable experimental environment for biological, chemical, physical and other research, providing various environmental simulation chamber series products including carbon dioxide incubators, cryogenic incubators, constant temperature and humidity chambers, material testing chambers, etc.

(3) Memalte

Melt is one of the world's largest manufacturers of temperature-controlled enclosures. Committed to the research, development and production of precision temperature control technology. Its products include carbon dioxide incubators, constant temperature and humidity incubators, light incubators, low-temperature incubators, environmental test chambers, vacuum ovens, general ovens, sterilization ovens, incubators, etc.

(4) 爱斯佩克 Corporation

ESPEC has been committed to the research and development, manufacturing and sales of environmental reliability test instruments. The main products are high temperature test chamber, high and low temperature test chamber, cold and thermal shock test chamber, etc., and provide mechanical vibration, material testing, data acquisition and failure analysis and other supporting products.

(5) Yishike Biotech

The main products produced and sold by ISKE include biological safety cabinets, carbon dioxide incubators, laminar flow ultra-clean benches, fume hoods, IVF incubators, time-delay incubators, benchtop incubators, IVF workstations, IVF consumables, drug isolators, etc.

(6) Boxun Biotech

Boxun Biotechnology specializes in the production of laboratory equipment and life science instruments, the main products are stability test chambers, autoclaves, drying ovens, incubators, purification tables, safety cabinets and other basic laboratory equipment and life science instruments, and are widely used in biopharmaceutical, health and epidemic prevention, environmental protection, agricultural research and other fields.

(7) Bein Technology

The company has long been committed to product development and technology application in the field of temperature and humidity control, and its main products include laboratory general instruments and equipment, life science instruments and equipment, environmental testing instruments and infant care equipment.

(8) Kangcheng immortality

Kangcheng Yongsheng is a manufacturer and supplier of temperature and humidity control instruments and drug testing solutions in the field of life sciences, and has been focusing on providing pharmaceutical companies and research institutions with a full range of solutions for drug stability test chambers, walk-in laboratories and drug testing systems.

(9) Shanghai Jinghong

Shanghai Jinghong is a manufacturing enterprise specializing in the production and sales of scientific experimental instruments and equipment. The main products are electric constant temperature blast drying, constant temperature incubator, program-controlled box-type resistance furnace, and constant temperature tank series instruments.

7. The main trend of the development of the scientific experiment instrument and equipment industry

(1) Automation and intelligence

With the wide application of information technology in scientific experiment instruments and equipment, the degree of laboratory automation has gradually improved. The application of various automated scientific experiment instruments and equipment has shortened the experimental process, improved the accuracy of inspection and testing, and effectively improved the work efficiency of modern laboratories. At the same time, with the increasing requirements for the number of samples, testing efficiency and detection accuracy of inspection and testing, scientific research and so on, automation, intelligence and high integration have become the development trend of scientific experimental instruments and equipment. The application of artificial intelligence, 5G, big data, Internet of Things and other technologies in laboratory equipment IoT control, laboratory automation workflow, laboratory automation detection and analysis, laboratory data management, laboratory report processing automation, etc., will provide more intelligent and efficient products for users in life sciences, biopharmaceuticals, new energy, environmental monitoring, food testing, commodity inspection, material analysis, education and scientific research and other industries, and fully meet the needs of downstream customers.

(2) High throughput and flexibility

In recent years, with the rapid development of the inspection and testing industry, the update speed of testing technology is also accelerating. With its advantages of high throughput, low cost and rapidity, high-throughput detection technology has gradually become the development direction of future inspection and testing method development and standard formulation, as well as a hot spot of research at home and abroad. High-throughput detection technology refers to the detection technology and method of detecting multiple samples or multiple indicators of a sample at the same time, and its biggest advantage is that it is high-throughput and fast, which can realize the rapid processing and detection of a large number of samples and reduce the detection cost. Secondly, in the face of different samples from different sources and different types of detection needs, high-throughput detection technologies have the same detection performance and indicators, and have strong versatility. High throughput and flexibility have become the development trend of scientific experimental instruments and equipment, which need to meet the characteristics of multi-sample and large capacity, and can flexibly integrate different functional modules to suit different sample types and consumables specifications, so as to meet different sample processing and detection needs.

(3) Localization

Due to the high dependence on the import of high-end instruments and equipment in the mainland, in the context of intensified global trade frictions, the state has strengthened its support for domestic instruments. Since the "Twelfth Five-Year Plan", the state has issued a number of policies and regulations to support the development of the scientific experimental instrument and equipment industry, which has effectively ensured the sustainable development of basic research, upgrading and marketing of scientific experimental instruments and equipment. In September 2022, the executive meeting of the State Council pointed out that new subsidized loans were added to the purchase and modernization needs of equipment such as universities, vocational colleges, training bases, and hospitals, and then the People's Bank of China announced the establishment of a special reloan for equipment modernization and transformation with a limit of more than 200 billion yuan to support equipment modernization and transformation in manufacturing and other fields. With the support of the national industrial policy, domestic scientific experiment instrument and equipment manufacturers will usher in good market opportunities in the future, and localization will become the development trend of the scientific experiment instrument and equipment industry in the future.

For more industry information, please refer to the "2024-2030 Scientific Experimental Instrument and Equipment Industry Market Research and Development Prospect Forecast Report" of PwC Consulting, at the same time, PwC Consulting also provides special market research projects, industrial research reports, industrial chain consulting, project feasibility study reports, specialized and special new small giant certification, market share reports, 15th Five-Year Plan, post-project evaluation reports, BP business plans, industrial maps, industrial planning, blue white papers, national manufacturing single champion enterprise certification, IPO fundraising feasibility study, IPO working paper consulting and other services.

2024 Scientific Experimental Instrument and Equipment Industry Market Research and Development Prospect Forecast Report

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