NEW YORK, June 25, 2015 /PRNewswire/ -- China is not only a large IVD market, it's the center of attention for an industry that is seeking new markets for testing. In 2014, the IVD market in China was estimated at 2 billion and should demonstrate considerable growth the next few years. Kalorama estimated the size of the Chinese IVD market in its report, IVD in China.
The report can be found at: http://www.kaloramainformation.com/redirect.asp?progid=87599&productid=9063032.
Kalorama notes that with a population of more than 1 billion, China is the world's largest country and therefore also its single largest potential market for goods and services. The country represents the largest single landmass in Southeast Asia and is also culturally diverse, trading with a number of important partners.
"China represents the most attractive IVD market in the developing world and among BRIC nations," said Bruce Carlson, Publisher of Kalorama Information.
The country's largest metropolitan areas, including Beijing, Shanghai, Shenyang, Harbin and Guangzhou, are found on its East coast, and account for almost half of its population. Urban healthcare markets in China – defined by better-equipped and better-funded city hospitals and patients seeking medical care at such institutions – are significantly more lucrative opportunities for international IVD companies than rural healthcare markets.
Supporting growth will be a modernizing healthcare infrastructure and steady migration from manual to automated processes. Nonetheless, this is slightly slower than previously predicted market growth, and reflects an evolving market and lower overall economic activity.
Leading IVD companies have all established themselves in China and are seeking long-term markets.
The report, IVD in China presents current analysis of the Chinese IVD industry and provides forecasts to 2024. The report takes an in-depth look at the market, providing data on the size and growth of the total Chinese market as well as on the following IVD in China market segments: Immunoassays, Clinical Chemistry, Hematology, Point of Care, Molecular Testing, Urinalysis, and other tests. The report can be found at: http://www.kaloramainformation.com/redirect.asp?progid=87599&productid=9063032.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. Reports can be purchased through Kalorama's website and are also available on www.marketresearch.com and www.profound.com.
We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.
SOURCE Kalorama Information