Published in cooperation with McEvoy and Farmer. Not part of any Kalorama Information subscription package. Not available on Profound aggregator due to license restrictions.
The Chinese market represents a significant opportunity for IVD diagnostic companies. But actionable information about this emerging market is often difficult to get. Only with an exhaustive, on-the-ground research team can a company truly understand the chinese market. Now, a resource is available that can make on-the-ground research available to all companies at a fraction of the cost. Published jointly with trusted Asian IVD market experts, this Kalorama report is a complete survey of the IVD market in China today. Market size for major categories of the IVD market, products on the market, important Chinese market trends and intense company profiles are part of this exhaustive study. There is not a year when McEvoy and Farmer have completed their exhaustive research on the Chinese IVD market when China has now shown growth. This most recent version, the result of detailed on-the-ground research, is no exception. This country of 1.3 billion people is now America’s sixth largest export market, and China’s economy, which has been growing at an average rate of 8% over the last 20 years, grew over 9% last year.
Combined with this impressive overall growth, a number of recent events and trends in the Chinese healthcare environment are making China an increasingly attractive market opportunity for in vitro diagnostics companies. China’s accession to the World Trade Organization (WTO) has made doing business in China much easier for diagnostic companies by reducing tariffs and opening the door for foreign firms to control their own distribution. The increasing numbers of private laboratories and expanded reference laboratories are expanding the market for tests of all kinds.
Although there are a number of challenges for diagnostic manufacturers to understand and overcome, the market for clinical diagnostics in China (both reagents and instruments) remains one of the most promising emerging markets in the world.
The report covers seven market segments:
For each segment, the report provides key market data such as market size, number of labs and their workload, level of automation, and market share for both instrument and reagent competitors, foreign and domestic.
Perhaps the most valuable part of the report, however, is the extensive listing of market participants. The report profiles:
This report, produced jointly with the firm McEvoy & Farmer, is the product of years of on-the-ground research in China. Although the focus is on what is happening now, the report provides historical background from McEvoy & Farmer’s 12+ years of studying IVD markets in Asia and particularly China.
This report contains profiles of the following companies active in IVD in China:
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