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China Independent Clinical Laboratory Market to Reach USD 3.4 Billion by 2018: Ken Research

The future prospect for independent clinical laboratory industry in China is very optimistic and key growth drivers for the market are increasing incidences of lifestyle diseases, mounting population of aged individuals, increasing health awareness, inclining disposable incomes, improving healthcare infrastructure, growing consolidations and strategic partnerships, accreditation of laboratories and automation and introduction of new technologies. These factors are expected to fuel the market growth of independent labs in China in the coming years.

Independent clinical laboratory space in China has been growing hastily. In 2013, the contribution of hospital labs and independent clinical labs in China was 99.4% and 0.6% respectively however in the US, the contribution by the hospital labs was 62.0% while that for independent clinical labs was 38.0%. The smaller contribution of the independent labs in China diagnostics market indicates the immense potential for a momentous growth in the independent clinical laboratory industry in China. Kingmed was the first independent clinical laboratory established in China in 1994. Currently, it is the dominant player in independent clinical laboratory industry in China. Following Kingmed, several other independent clinical labs such as Adicon Clinical Laboratories, DiAn Diagnostics, DaAn Gene and others entered the market and demonstrated that independent clinical laboratory industry has great potential in China. Presently, Kingmed Diagnostics, Adicon, Dian Diagnostics, Daan Gene and Kindstar Global are the top 5 players in the independent labs industry in China. Independent medical labs market in China has grown at the stupendous growth rate during the period from 2008-2013 and it is further expected to grow at the CAGR of 45.9% during the period 2013-2018.

According to research report, “China Independent Clinical Laboratory Market Outlook to 2018 - Escalating Significance of Diagnostic Tests to Impel Growth” by Ken Research, “Independent clinical laboratory industry in China is poised to grow gradually and steadily in the coming 5 years. Its steady growth will be driven by an extensive consumer base. Streamlined distribution network has made diagnostic services easily accessible in various regions. An increase in the number of pathology laboratories and inclining number of hospitals, both in the public and the private sector will result in the enhancement of the overall healthcare infrastructure. Consequently, easier accessibility of healthcare will provide a significant thrust to the diagnostic service market in China”.

The report provides detailed overview on the independent clinical laboratory market in China and helps reader to identify the ongoing trends in the key segments of the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report will aid industry consultants and analysts, diagnostic companies, pharmacies, hospitals and other stakeholders to align their market centric strategies according to ongoing and expected trends in future.

KEY TOPICS COVERED IN THE REPORT

·         The market size of the China Independent Clinical Labs Industry on the basis of Revenue Earned through Services, 2008-2013

·         The market size of the China Independent Clinical Labs Industry on the basis of Expenditure Incurred on Equipments, 2008-2013

·         Market segmentation of China Independent Clinical Labs Industry by services

·         Market segmentation of China Independent Clinical Labs Industry by expenditure on equipments, 2008-2013

·         Growth Drivers for the China Independent Clinical Labs Industry

·         Recent Industry Activities in China Independent Clinical Labs Industry

·         Market Share of Major Players in China Independent Clinical Labs Industry

·         Company profiles of major players in the China Independent Clinical Labs Industry

·         Future outlook and projections on the basis of revenue in China Independent Clinical Labs Industry, 2014-2018

 

TABLE OF CONTENTS

1.         China Independent Clinical Labs Market Introduction

1.1.      Organizational Structure of Clinical Labs Market in China, 2013

2.         China Independent Clinical Labs Market Size

2.1.      By Revenue Earned through Services, 2008-2013

2.2.      By Expenditure Incurred on Equipments, 2008-2013

3.         China Independent Clinical Labs Market Segmentation

3.1.      By Expenditure Incurred on Equipments, 2011-2013

3.2.      Different Types of Services Offered in Clinical Labs in China

4.         Growth Drivers of China Independent Clinical Labs Market

High Cost For Establishing Medical Laboratory

Escalating Significance of Laboratory Tests in Clinical Practice

Improving Healthcare Infrastructure

Mounting Prevalence of Lifestyle Diseases and Aging Population

Augmenting Purchasing Power and Mounting Health Consciousness

Advantages of Independent Clinical Laboratories over Hospital Clinical Laboratories

5.         Major Challenges of China Independent Clinical Labs Market

Lower Rural Penetration

Higher Equipment Costs

Lack of Standardization

6.         Company Profiles of Major Players in Independent Clinical Labs Market in China

6.1.      Kingmed Diagnostics

6.1.1.   Company Overview

6.1.2.   Business Strategies

Expansion and Development of New Test Services

Collaboration with other Healthcare Organizations and Agencies

Focus in Maintaining Quality Systems in KingMed

6.1.3.   Product Portfolio

6.1.4.   Financial Performance, 2008-2014

6.2.      Hangzhou Adicon

6.2.1.   Company Overview

6.2.2.   Business Strategies

Expanding the Number of Labs and Test Services in China

Strategic Partnership with International Companies

6.2.3.   Product Portfolio

6.2.4.   Financial Performance, 2010-2013

6.3.      Zhejiang Dian Diagnostics Technology Co. Ltd.

6.3.1.   Company Overview

6.3.2.   Business Strategies

Focus on Research and Development and Technological Innovation

Strategic Partnerships and Collaborations

6.3.3.   Product Portfolio

6.3.4.   Financial Performance, 2008-2013

6.4.      DAAN Gene

6.4.1.   Company Overview

6.4.2.   Business Strategies

Focus on Research and Development

Alliances and Partnerships

6.4.3.   Product Portfolio

6.4.4.   Financial Performance, 2008-2013

6.5.      Kindstar Global Diagnostics Co. Ltd

6.5.1.   Company Overview

6.5.2.   Business Strategies

Partnerships and Strategic Collaborative Agreements

Use of Leading-Edge Technology

6.5.3.   Product Portfolio

6.5.4.   Financial Performance, 2010 and 2013

Revenue Structure Based on Test Service Type

7.         Market Share of Major Players in China Independent Clinical Labs Industry, 2013

8.         Recent Industry Activities in China Independent Clinical Labs Market

9.         Quality Managerial System in Independent Clinical Labs in China

China National Accreditation Service for Conformity Assessment (CNAS)

Implementation of ISO 15189 in Clinical Laboratories in China

The Characteristics of Independent Clinical Laboratory Quality Managerial System in China

Benefits of Accreditation

10.       China Independent Clinical Labs Market Future Outlook and Projections, 2014-2018

Base Scenario

Conservative Scenario

Aggressive Scenario

10.1.    Cause and Effect Relationship between Dependent and Independent Factors Prevailing In Independent Clinical Labs Industry in China

11.       Macroeconomic and Industry Factors

11.1.    Population in China, 2008-2018

11.2.    Disposable Income Per Capita in China, 2008-2018

11.3.    Private Expenditure on Healthcare Sector in China, 2008-2018

11.4.    Public Expenditure on Healthcare Sector in China, 2008-2018

11.5.    Number of Clinical Laboratories in China, 2008-2018

12.       Appendix

12.1.    Market Definition

12.2.    Market Abbreviations

12.3.    Research Methodology

Data Collection Methods

Approach

Variables (Dependent and Independent)

Multi Factor Based Sensitivity Model

Final Conclusion

12.4.    Disclaimer

LIST OF FIGURES

Figure 1: China Clinical Laboratory Market Segmentation by Hospital Labs and Independent Labs in Percentage (%), 2013

Figure 2: China Independent Clinical Laboratory Market Size on the Basis of Revenue from Services in USD Million, 2008-2013

Figure 3: China Independent Clinical Laboratory Market Size on the Basis of Expenditure Incurred on Equipments in USD Million, 2008-2013

Figure 4: China Independent Clinical Labs Market Segmentation by Types of Equipments on the Basis of Expenditure Contribution in Percentage (%), 2011-2013

Figure 5: Kingmed Diagnostics Revenue in USD Million, 2008-2014

Figure 6: Hangzhou Adicon Revenue in USD Million, 2010-2013

Figure 7: Dian Diagnostics Revenue Structure by Diagnostic Services and Diagnostic Products on the Basis of Revenue in Percentage (%), 2013

Figure 8: Dian Diagnostics Revenue from Clinical Testing Services in USD Million, 2008-2013

Figure 9: DAAN Gene’s Total Revenue in USD Million, 2008-2013

Figure 10: DAAN Gene’s Revenue from Test Services in USD Million, 2010-2013

Figure 11: Kindstar Global Diagnostics Co. Ltd Revenue in USD Million, 2010 and 2013

Figure 12: Kindstar Collaboration with the Number of Hospitals, 2006-2012

Figure 13: Kindstar Global Revenue Structure by Esoteric and General Tests on the Basis of Revenue in Percentage (%), 2013

Figure 14: Market Share of Major Laboratories in China Independent Clinical Laboratory Industry on the Basis of Revenue in Percentage (%), 2013

Figure 15: Independent Clinical Laboratory Industry Projections in Terms of Revenue from Services in USD Million, 2014-2018

Figure 16: Population in China in Million, 2008-2018

Figure 17: China Population (65 Years and Above) in Million, 2008-2018

Figure 18: Disposable Income Per Capita in China in USD, 2008-2018

Figure 19: Private Expenditure on Healthcare Sector in China in USD Million, 2008-2018

Figure 20: Public Expenditure on Healthcare Sector in China in USD Million, 2008-2018

Figure 21: Number of Clinical Laboratories in China, 2008-2018

             

LIST OF TABLES

Table 1: China Clinical Laboratory Market Segmentation on the Basis of Number of Hospital Labs and Independent Labs in China, 2013

Table 2: China Independent Clinical Labs Market Segmentation by Types of Equipments on the Basis of Expenditure in USD Million, 2011-2013

Table 3: Comparison of Testing Capacities of Kingmed Diagnostics in Mainland China in 2011

Table 4: Comparison of Testing Capacities of Adicon and Dian Diagnostics in Mainland China in 2011

Table 5: Timeline of Kingmed Diagnostics from 1994-2013

Table 6: Kingmed Diagnostics Portfolio of Services Offered

Table 7: Timeline of Hangzhou Adicon from 2004-2010

Table 8: Hangzhou Adicon Portfolio of Test Items

Table 9: Timeline of Dian Diagnostics from 2001-2012

Table 10: Zhejiang Dian Diagnostics Co. Ltd. Portfolio of Services

Table 11: DAAN Gene Portfolio of Products Offered

Table 12: Timeline of Kindstar Global Diagnostics Co. Ltd from 2004-2012

Table 13: Kindstar Global Diagnostics Co. Ltd Portfolio of Test Services

Table 14: Revenue of Major Laboratories in Independent Clinical Laboratory Industry in China in USD million, 2013

Table 15: Recent Industry Activities in Independent Clinical Laboratory Industry in China

Table 16: Testing capacities of Independent Medical Labs Accredited by CAP-LAP in China

Table 17: Independent Clinical Laboratory Industry Projections in Terms of Revenue from Services in USD Million, 2014-2018

Table 18: Cause and Effect Relationship Analysis between Industry Factors and Expected Prospects in Independent Clinical Laboratory Industry in China

Table 19: China Population Segmentation on the Basis of People Residing in Urban and Rural Areas in Million, 2008-2013

Table 20: Correlation Matrix of China Independent Clinical Laboratory Industry

Table 21: Regression Coefficients Output

 

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Contact Person- Ankur Gupta

Contact Email Id- ankur@kenresearch.com