Key Market Indicators
China is set to become the world's leading importer and exporter of diagnostic reagents over the next five years. Imports are projected to reach $2.41 billion by 2026, a 3% year-on-year compound annual growth rate (CAGR). This is an increase of 6.7% year-on-year since 1997. In 2021, China ranked third, behind Germany ($1.99 billion) and the Netherlands ($1.62 billion). Exports of diagnostic reagents are expected to reach $352 million by 2026, a 2.8% year-on-year CAGR. This is an increase of 11.7% year-on-year since 1997. In 2021, China ranked eighteenth, behind Denmark ($295 million). Germany, the Netherlands and the United Kingdom ranked second, third and fourth, respectively.
