China In Vitro Diagnostics (IVD) Market to Keep on Growing through 2021, Says DPI Research in Report Recently Published at MarketPublishers.com26 Aug 2016 • by Natalie Aster
LONDON – During the past few years, the Chinese in–vitro diagnostics (IVD) market has been following an upward trend. Furthermore, this market is slated to keep on growing steadily in the offing, with the highest growth potential in such segments as chronic disease testing, infectious disease testing and early-stage diagnosis. The Chinese IVD market is likely to exceed USD 10 billion in 2021, growing at a double-digit CAGR from 2016 up till 2021.
Key market growth drivers include increasing incidence of chronic diseases, enhancing public health awareness, rising number of elderly people, growing number of independent testing laboratories and private hospitals, by escalating demand from the middle-class, among others.
In the meantime, the Chinese IVD market growth is restrained by difficulty for foreign companies to enter the low-end IVD products market, absence of quality products by the Chinese companies and low reimbursement rate.
Todays, the largest share of the Chinese IVD market belongs to the immunoassay segment, which is expected to remain the leading segment by 2021. Clinical chemistry, molecular testing and POCT are amid the segments that are also expected to develop at swift pace in the years to come.
The Chinese market for IVD is dominated by such majors as Roche, Sysmex Corporation, Abbott Laboratories, Mindray and Shanghai Kehua Bioengineering (KHB).
The insightful research report “China In Vitro Diagnostics (IVD) – Opportunity Assessment, Competitive Landscape and Market Forecasts to 2021” elaborated by DPI Research & Marketing Solutions provides an in-depth analysis of the Chinese in vitro diagnostics (IVD) market, includes important facts, provides historical data and discloses vital statistics. The research publication also covers the market dynamics, offers a thorough market segmentation analysis, highlights the latest developments and new product launches. In addition, top companies’ profiles and their product portfolios are available here. Future projections for the market up to 2021 are at hand, too.
More novel research reports by DPI Research & Marketing Solutions are available at its page.