Key Market Indicators
China's import of diagnostic reagents is projected to hit approximately $2.6 billion by 2028, up from around $2.2 billion in 2023. This marks an average annual growth rate of 2.7%. Since 1997, the demand for these reagents in China has surged by an annual average of 3.9%. On the export front, China's diagnostic reagent shipments are expected to reach nearly $374 million by 2028, up from about $319 million in 2023, growing at an average rate of 2.5% per year. Since 1997, Chinese exports have increased by an average of 3.2% annually. In 2023, China ranked 18th in diagnostic reagent exports, with Denmark leading at the same export value of approximately $319 million. Germany, the Netherlands, and the United Kingdom followed in the second, third, and fourth positions, respectively.
