The diagnostic biomarker market in China is estimated to grow significantly at a CAGR of over 13% during the forecast period. China is expected to generate a significant market for diagnostic biomarkers during the forecast period. China has emerged as a strong player in the biotechnology sector that results from the huge investments in R&D by the Chinese government. Chinese life science sector has progressively grown in the last years as a result of strong R&D and funding. The Chinese government has invested enormously in the cancer diagnostics making it a prominent region for the biomarker market. China’s substantial patient populations in urban markets and research capability in genome sequencing have formed substantial opportunities for foreign companies. China has a clear market development priority for the IVD industry in the areas of cancer diagnostics, sequencing-based cancer assays, and companion diagnostics.
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The Chinese diagnostic biomarker market is segmented on the basis of diagnostic technique and application. On the basis of the diagnostic technique, the market is segmented into ELISA, colorimetric assay, liquid chromatography-mass spectrometry, particle-enhanced turbidimetric immunoassay and other. Further, on the basis of application, the market is segmented into oncology, cardiology, neurology, nephrology, and others. There is a huge scope for the market in the oncology segment due to the increasing prevalence of cancer. A large number of researches are going on finding a diagnostic biomarker for various types of cancer so that early detection can be done.
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China Diagnostic Biomarker Market Segmentation
By Diagnostic Technique
- ELISA
- Colorimetric Assay
- Liquid Chromatography-Mass Spectrometry
- Particle-Enhanced Turbidimetric Immunoassay
- Others
By Application
- Oncology
- Cardiology
- Neurology
- Nephrology
- Others
Company Profiles
- Abbott Laboratories Inc.
- Becton, Dickson, and Co.
- Denovo Biopharma
- Epigenomics AG
- F-Hoffman-La Roche Ltd.
- Ipsos Group
- Novartis AG
- Pfizer, Inc.
- Thermo Fisher Scientific Inc.
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