China IVD Market Forecast Analysis

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China IVD Market Forecast Analysis

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Access full Research: As per Renub Research analysis China IVD market is predicted to grow with a double digit CAGR of 19.01% in future. China IVD market is forecasted to be three times from the present market. In vitro diagnostics are playing a gradually more vital role in the provision of healthcare. About 80% of the information that physicians use to make medical decisions is produced by diagnostics and clinical laboratories. IVDs are largely used in testing, which comprises of Infectious Diseases, Diabetes, Oncology, Cardiology, Autoimmune Diseases, Nephrology, Drug testing, HIV/AIDS and others. The Largest share of IVD products is Infectious Diseases followed by Oncology, which is the fastest growing segment mainly in the prevalence of cancer. IVD market emphasizes on Hospitals, Laboratories, Academics, the point of care testing and others are end users. – PowerPoint PPT presentation

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Title: China IVD Market Forecast Analysis


1
China IVD Market Forecast and Analysis
Category Diagnostics Report
2
China IVD Market Forecast and Analysis Analyst
View China IVD market is predicted to grow
with a double digit CAGR of 19.01 in future.
China IVD market is forecasted to be 3 times from
the present market. Get 10 Free Customization in
this Report Press Release Title China IVD
market is growing due to Innovation in Molecular
Biological Technologies For More
Information http//www.renub.com/china-ivd-market
-is-growing-due-to-innovation-in-molecular-biologi
cal-technologies-54-nd.php

3
China IVD market is predicted to grow with
a double digit CAGR of 19.01 in future
Access Full Research http//www.renub.com/china-i
n-vitro-diagnostics-ivd-market-forecast-companies-
analysis-registration-rules-1089-p.php As per
Renub Research analysis China IVD market is
predicted to grow with a double digit CAGR of
19.01 in future. China IVD market is forecasted
to be three times from the present market. In
vitro diagnostics are playing a gradually more
vital role in the provision of healthcare.
About 80 of the information that physicians use
to make medical decisions is produced by
diagnostics and clinical laboratories.   IVDs are
largely used in testing, which comprises  of
Infectious Diseases, Diabetes, Oncology,
Cardiology, Autoimmune Diseases, Nephrology, Drug
testing, HIV/AIDS and others. The Largest share
of IVD products is Infectious Diseases followed
by Oncology, which is the fastest growing segment
mainly in the prevalence of cancer. IVD market
emphasizes on Hospitals, Laboratories, Academics,
the point of care testing and others are end
users.

4
About the 3/4th of the Chinas molecular market
which trades at prices that no overseas IVD
company is willing to match
China has a vivacious market with more than 13
local manufacturers that have supplied the market
with approximately 8,000 instruments and the
reagents they need. These systems are
semi-automated as well as automated.    Request a
free sample copy of the report
http//www.renub.com/contactus.php Chinas
molecular diagnostics market is getting bigger
because of the huge volume of PCR testing.
Infectious diseases have done in China using
locally formed kits. About the 3/4th of the
Chinas molecular market which trades at prices
that no overseas IVD company is willing to match.
That is why the overseas companies are mainly
selling instruments in China. Though, rising
disease oncology will start to give overseas
companies a greater existence in the molecular
reagent market as there is no considerable local
competition in the market.

5
IVD market is segmented into Clinical chemistry,
Immunoassays, Hematology, Coagulation,
Hematology, Microbiology, Molecular Diagnostics
Point of care Diagnostics.
Segmentation of Chinas IVD Market China IVD
market is segmented based on Products, Usability,
and Technology. On the basis of the Products of
IVD markets are segmented into- Instrument, Data
Management System, Reagents. The Usability is
segmented into disposable and reusable IVD
Devices in contrast Technology. IVD market is
segmented into Clinical chemistry, Immunoassays,
Hematology, Coagulation, Hematology,
Microbiology, Molecular Diagnostics and Point of
care Diagnostics. Chinas IVD Market
Share Chinas in vitro diagnostics products
segment are highly in demands, Instruments holds
the highest Market share while the Reagents
market is also growing at a great pace. According
to the Report, the Reusable IVD devices are on
high demands and holds largest revenue share in
IVD Usability market. To avoid infection the
Doctors and Clinicians prefer disposable devices.
Immunoassays hold the largest market share in
Technology IVD market followed by Molecular
Diagnostics and Clinical Chemistry.

6
Growth Factors for China In-Vitro Diagnostics
Market 
  • Clinical Laboratories in China where IVD Testing
    is Performed
  • Clinical laboratories in China are expected to be
    around 20,000. Nearly all of these labs have
    automated devices due to technological
    advancement in China. Adding around 500 per year
    new hospitals in the country and various other
    healthcare facilities like clinics in rural and
    urban areas as well as in small towns and the
    Chinese Center for Disease Control labs are also
    doing IVD testing. Now in China there were
    numerous Private labs which are becoming more
    important in the market. 
  • Though, earlier there were no small private labs
    in China, newly private companies are coming
    forward to set up their own labs around the
    country. Major four groups which are building
    national laboratory chains in China was Kingmed
    (Guangzhou, China), Adicon (Hangzhou, China), Da
    An (Guangzhou, China), Lawke (Beijing).
  • Growth Factors for China In-Vitro Diagnostics
    Market 
  •     With the Government support to regulate
    laboratory testing
  •     Rising number of independent testing
    laboratories as well as private hospitals 
  •     Advancement in Technology
  •     Growing  population
  •     Fast Growth in the chronic diseases




7
Table of Contents for China IVD Market
  • Challenges of China IVD Market
  •     Price concern
  •     Severe regulatory structure
  •     Improper reimbursement policies 
  •     Lack of proficiency in technological
    advancement
  • Key Players in the Market
  • The key players in China in Vitro Diagnostic
    Market were Roche Diagnostic, Abbott and Siemens
    Healthineers. The other companies in China who
    deals in IVD market  are Atlas Link Biotech,
    Autobio Diagnostics, Bioneovan, Bioptik
    Technology, Bio Rad Laboratories, Boson
    Biotech, C G Biotech, Cepheid, Changchum
    Wancheng Bio elect, Changsha City Empower
    Electronics Science, Chongqing Haray
    International Business, Cusabio  Biotech, Yuan Yu
    Bio Tech, Wuhan HNC Technology.
  • Table of Contents
  • 1. Executive Summary
  •  
  • 2. China IVD Market Market Share (2007
    2022)


8
Table of Contents for China IVD Market
3. China IVD Companies Market Share (2011
2022) 4. China IVD Market by Segments (2007
2022)   5. Development Environment of Chinese
IVD Industry   6. China Health Insurance and
Reimbursement Policies (New)   7. Registration
of In Vitro Diagnostic Reagents in China   8.
Medical Devices and Reagents Class Registration
in China   9. China IVD Industry Drivers   10.
China IVD Industry Challenges   11. China
IVD Market Company Sales Analysis (2011
2022)   12. Profiles of Select Private
Clinical Labs and Diagnostic Services Companies

9
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Diagnostics Market Report http//www.renub.com/
diagnostics-14-c.php
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