According to Bio Valley Founder ZHANG Bao, China’s market for these products is 20 billion yuan , of which 13 billion yuan are reagents. Per capita consumption of diagnostic products is only about $ 2, as compared to $ 25-30 in developed countries. Roche , Siemens, Abbott, Beckman Coulter , BD and Sysmex account for 60% of domestic IVD market share. Mindray and Kehua are the Chinese leaders. With a tendency to improved quality of life, the size of the market is expected to exceed 30 billion yuan by 2015.

China Bio news release, May 5, 2014