Despite Slowdown Fears, No Change in China IVD Forecast

Despite Slowdown Fears, No Change in China IVD Forecast

Despite a growing concern about a slowdown in the Chinese economy, Kalorama Information does not see a lower estimate for the IVD industry. A few months ago we estimated that in 2014, the IVD market in China was $2.2 billion and is expected to show annual growth of 14.1% to reach $4.2 billion in 2019. We still see that estimate as most likely. The breakneck expansion of the past has tempered, underlying characteristics of the Chinese market - large population in need of healthcare will support c...