China Clinical Laboratory Tests Market Size & Outlook
China clinical laboratory tests market, 2018-2030 (US$M)
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China clinical laboratory tests market highlights
- The China clinical laboratory tests market generated a revenue of USD 3,273.5 million in 2023 and is expected to reach USD 8,142.0 million by 2030.
- The China market is expected to grow at a CAGR of 13.9% from 2024 to 2030.
- In terms of segment, hba1c tests was the largest revenue generating type in 2023.
- HGB/HCT tests is the most lucrative type segment registering the fastest growth during the forecast period.
Clinical laboratory tests market data book summary
| Market revenue in 2023 | USD 3,273.5 million |
| Market revenue in 2030 | USD 8,142.0 million |
| Growth rate | 13.9% (CAGR from 2023 to 2030) |
| Largest segment | Hba1c tests |
| Fastest growing segment | HGB/HCT tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Complete blood count, HGB/HCT tests, Basic metabolic panel, BUN creatinine tests, Electrolytes testing, HbA1c tests, Comprehensive metabolic panel tests, Liver panel tests, Renal panel tests, Lipid panel tests |
| Key market players worldwide | Quest Diagnostics Inc, Abbott Laboratories, Labcorp Holdings Inc, ARUP Laboratories, OPKO Health Inc, Clinical Reference Laboratory, Sonic Healthcare Ltd, Cinven, Unilabs |
Other key industry trends
- In terms of revenue, China accounted for 2.9% of the global clinical laboratory tests market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China clinical laboratory tests market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,145.7 million by 2030.
Hba1c tests was the largest segment with a revenue share of 12.41% in 2023. Horizon Databook has segmented the China clinical laboratory tests market based on complete blood count, hgb/hct tests, basic metabolic panel, bun creatinine tests, electrolytes testing, hba1c tests, comprehensive metabolic panel tests, liver panel tests, renal panel tests, lipid panel tests covering the revenue growth of each sub-segment from 2018 to 2030.
Some of the key factors responsible for the market growth in China are the rapidly aging population, increasing ease of accreditation of laboratories, a growing number of laboratories, and improving medical infrastructure. According to NCBI, 1 in 10 individuals living in China meets the criteria for obesity.
The high prevalence of obesity has led to a rise in the prevalence of chronic conditions, such as stroke, diabetes, and atrial fibrillation. The increasing prevalence of chronic diseases in this country and the presence of the target population, along with high unmet clinical needs, are expected to support the market growth.
Most of the companies in this country have a domestic supply of tests and services due to regulatory restrictions. Most Chinese CROs are wholly owned and are self-sufficient in conducting trials. The majority of companies are setting up their facilities in China due to the easy and wide availability of raw materials. These factors are expected to boost the market in China.
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Clinical Laboratory Tests Market Scope
Clinical Laboratory Tests Market Companies
| Name | Profile | # Employees | HQ | Website |
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China clinical laboratory tests market size, by type, 2018-2030 (US$M)
China Clinical Laboratory Tests Market Outlook Share, 2023 & 2030 (US$M)
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