IDC: China’s Life Science Sector Spent a Total of $2.76 billion on IT in 2018, a Year-on-Year Growth of 6.2%

According to IDC’s latest report Market Forecast on China’s Life Science IT Industry, 2019-2023, China’s life science sector spent a total of $2.76 billion on IT, a year-on-year growth of 6.2%. According to IDC’s forecast, China’s life science sector will spend $3.89 billion on IT in 2023 with a CAGR of 7.1% between 2018 and 2023. Software represents the fastest growth area. Spending on software witnesses a GACR of 10.8% between 2018-2023.