China In Vitro Diagnostics Market will be USD 22.3 Billion by 2026
China In Vitro Diagnostics Market will be USD 22.3 Billion by 2026. Forecast by Segment (Clinical Chemistry, Immunoassay, Molecular Testing, Microbiology, Hematology, SMBG, Point of Care Testing, Coagulation), Company Analysis.
China's in vitro diagnosis industry began in the 1980s, and has been in existence for under 40 years. From the angle of industrialscale and marketcapacity development analysis, China's IVDs industry history is split into three development stages. The initial stage, in the 1980s, was characterized by the production of manual reagents and by low capacity during a small market. future development stage, in the 1990s, was about studying the industry in developed countries primarily. apart from the production of some conventional and hepatitis reagents, most biochemical reagent packages were imported. during this second stage, only semiautomatic microplate readers, semiautomatic chemical analyzers, and a few fully automatic instruments, like blood cell analyzers and urine analyzers, can be produced in China. The new century brought about a period of rapid development in China, where all reagents and instruments in various subdivisions came to be produced inhouse. Exports have increased year by year and domestic demand has been met. China's IVD industry has developed from the one and simple reagentandinstrument production to a more complete industrial chain, from a reagentinstrument system to raw materials, and from the domestic market to the world market. Chinese products now cover various industry segments. China has become a country with one of the foremost complete product lines in the global IVD industry; it's also the country with the strongest market demand. According to Renub Research analysis, China In Vitro Diagnostics Market will be USD 22.3 Billion by 2026.
The Food and Drug Administration (FDA)’s definition of in vitro diagnostics (IVD) refers to the utilization of reagents, instruments, and systems for the gathering, preparation, and testing of human samples to diagnose diseases or other conditions of the body. IVD provide information which will prevent diseases and their complications. Companies engaged in the production, research and development, marketing, service, and application of IVD instruments, reagents, standards, consumables, and quality control products constitute the IVD industry.
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By Segment – The Report Studies the Market of the following 8 Categories:
1. Clinical Chemistry
1. Roche Diagnostics
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