The largest demand for medical routine testing in the next three years

With the deepening of China's medical reform, the increasing awareness of people's health and the improvement of testing technology, the Chinese market will further accelerate the pace of expansion.

According to the latest report of China Market Research Reports' 2013-2015 China Diagnostic Reagent Market Report, China's domestic diagnostic reagent companies are gradually breaking the monopoly of foreign brands.

In China, in vitro diagnostic reagents include biochemical diagnostic reagents, immunodiagnostic reagents, molecular diagnostic reagents, and blood diagnostic reagents. In 2012, China's biochemical and immunodiagnostic reagents reached a 70% market share, which was determined by domestic medical needs. The Chinese economy and government's medical expenses are still maintained at a low level, which has a greater impact on medical diagnosis and consumption.

In the next three years, China's demand for routine testing will reach its maximum. At home, advances in diagnostic technology and increased consumer demand will drive market demand for molecular diagnostic reagents and other related reagents. Demand for biochemical and immunodiagnostic reagents is forecast to drop to 60% in 2015. With high cost performance and local advantages, it is just around the corner for Chinese diagnostic reagent companies to break the monopoly of foreign brands.

However, foreign companies still hold 30-40% of the Chinese market share, and at the same time show obvious technical advantages in the middle and high-end areas, as well as the monopoly of the "instrument reagents" integrated platform.

It is understood that the "2014 Advanced In Vitro Diagnostic Technology Summit" held in Shanghai on February 20, 2014 will focus on the above-mentioned concerns. The event will invite experts from many industry sectors to give a speech at the conference, focusing on “how to master advanced biotechnology in time”, “If using advanced technology to develop new in vitro diagnostic products”, “How can domestic diagnostic companies find new breakthroughs”? Whether cross-country project cooperation can enter a deeper stage, "how to develop reagent research into the integration of production, education and research" and other in-depth interpretation and comprehensive interpretation.

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