LONDON
Technavio has published a new report on the immunodiagnostics market in China, which is expected to grow at a CAGR exceeding 17% from 2015-2019.
About the Report
In accordance with the latest report by Technavio, multinational companies are adopting strategies such as joint ventures or distribution agreements with the local players to enter the market in China. Innovation combined with the manufacturing strength of the local players can help multinationals establish themselves in the market.
“For instance, Roche and DiaSorin signed a five-year agreement to establish the connectivity of the LIAISON XL system to the cobas 8100 automated workflow series in high-volume laboratories to help make all immunodiagnostic processes fully-automated,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also emphasizes the increasing popularity of chemiluminiscence immunoassay (CLIA) in the immunodiagnostics market in China.
“The local manufacturers are shifting their focus on the production of CLIA systems, depicting a growth of approximately 20%. Moreover, Diasorin has recently received approval of CLIA hepatitis and retrovirus tests in China,” adds Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the immunodiagnostics market in China from 2015-2019. To calculate the market size, the report considers revenue generated from the sales of the products, including instruments and reagents, using techniques such as ELISA, CLIA, and others.
Key Information Covered in the Report:
- Key Vendors:
- Roche Diagnostics
- Abbott Diagnostics
- Siemens Healthcare
- Beckman Coulter
- Market Growth Drivers:
- Widening of insurance coverage
- For a full detailed list, view our report.
- Market Challenges:
- Declining imports
- For a full detailed list, view our report.
- Market Trends:
- Increase in M&A
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 300+ reports on the diagnostics market:
- Global Dermatology Diagnostic Devices Market – Industry analysis 2015-2019
- Global Oncology Molecular Diagnostics Market 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150925005014/en/
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