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Chinese IVD market set for ongoing growth
June 2018
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NEW YORK—China’s IVD market was estimated at $3.2 billion in 2017, according to Kalorama Information, and the market is expected to continue growing at a rate of 13.2 percent annually to reach $5.95 billion by 2022. Modernizing healthcare infrastructure and migration from manual to automated processes is expected to support market growth, and its growth is expected to outpace that of the U.S. and Western Europe markets. Kalorama notes that “Through the foreseeable future, China will continue to offer one of the fastest-growing markets for IVD products, even for western-style lab instrumentation and advanced tests outside of the scope of recent public healthcare network expansion.”

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