Summary

The diagnostic lab market in China stands at the forefront of a rapidly evolving healthcare landscape, shaped by the intersection of technological advancements, government healthcare reforms, and a burgeoning demand for comprehensive medical services. With a population of over a billion, the diagnostic lab sector plays a pivotal role in meeting the diverse healthcare needs of the nation. China has undergone significant healthcare transformations, marked by extensive government initiatives aimed at expanding healthcare coverage, improving infrastructure, and fostering innovations in diagnostics. The market's growth is underpinned by a growing aging population, the prevalence of chronic diseases, and an increasing awareness of the importance of preventive healthcare. As digital health technologies gain prominence, diagnostic labs in China are witnessing a digital revolution, integrating electronic health records, telemedicine, and advanced diagnostic technologies to enhance service delivery. The diagnostic lab market in China is not only pivotal for domestic healthcare but has also positioned the nation as a destination for medical tourism, reflecting its commitment to providing high-quality and cutting-edge diagnostic services. China has been implementing comprehensive healthcare reforms to address challenges and improve the overall healthcare system. These reforms include initiatives to strengthen primary healthcare services, upgrade medical facilities, and enhance the quality of diagnostic services provided by labs across the country.

According to the research report "China Diagnostic Labs Market Overview, 2029," published by Bonafide Research, the China Diagnostic Labs market was valued at more than USD 23 Billion in 2023. China has a rapidly ageing population, leading to an increased prevalence of age-related health conditions. The ageing demographic contributes to a higher demand for diagnostic tests to detect and monitor chronic diseases associated with older age groups. The rising incidence of chronic diseases such as diabetes, cardiovascular diseases, and cancer has led to an increased demand for diagnostic tests. Early detection and monitoring of chronic conditions are crucial for effective management and treatment. Growing awareness among the Chinese population regarding the importance of health check-ups and preventive healthcare measures has led to an uptick in demand for diagnostic tests. Individuals are becoming more proactive in managing their health, driving the need for early detection and screening. Changes in lifestyle patterns, including sedentary behaviour and dietary habits, have contributed to the prevalence of lifestyle-related diseases. Diagnostic labs play a critical role in diagnosing conditions related to lifestyle factors. The growth of the private healthcare sector in China, with private hospitals and clinics, has expanded the availability of diagnostic services. Private diagnostic labs often invest in advanced technologies, attracting individuals seeking premium healthcare services.

Based on general and clinical testing, physiological function testing (ECG, echo, X-ray, endoscopy, CT, MRI, and others), esoteric testing, specialised testing, non-invasive prenatal testing, and others, among them, general and clinical testing leads the market. General and clinical testing often forms a significant part of routine health check-ups. As healthcare awareness increases in China, individuals are more likely to undergo regular check-ups that include a battery of general and clinical tests to assess their overall health. China has been placing a growing emphasis on preventive healthcare measures. General and clinical testing plays a vital role in preventive health screenings, allowing for the early detection of health issues and the implementation of preventive measures. Clinical testing is vital for the diagnosis and management of infectious diseases. The ability to conduct tests for infectious agents, including viruses and bacteria, is crucial for public health, especially during disease outbreaks. The growing trend of health and wellness consciousness among the Chinese population contributes to the demand for general and clinical testing. Individuals are proactively seeking information about their health status to make informed lifestyle choices. In terms of lab types, they are segmented into hospital-based labs, single or independent laboratories, physician office labs, and others. In China, physician office labs significantly contribute to the demand because they provide convenient and easily accessible diagnostic services for patients. By offering testing within the physician's office, patients can undergo necessary tests during their regular medical appointments, eliminating the need for separate lab visits. Advances in diagnostic technologies have made it more feasible for physician offices to have on-site testing capabilities. Compact and user-friendly diagnostic equipment allows for a variety of tests to be conducted efficiently within the confines of a medical office.

According to the report, revenue sources are segmented into healthcare plan operators and insurers, out-of-pocket, and public systems. In China, healthcare plan operators and insurers contribute the highest market share. Healthcare plan operators and insurers often cover the costs of diagnostic tests as part of their coverage plans. This makes diagnostic services more affordable for individuals, leading to increased utilisation of diagnostic labs. Insured individuals are more likely to seek timely testing, promoting early detection and prevention. Health insurance plans in China often include comprehensive coverage for a range of medical services, including diagnostic testing. This comprehensive coverage encourages individuals to undergo a broader spectrum of tests, contributing to the overall demand for diagnostic services. China's government emphasises the importance of health insurance coverage as part of its broader healthcare initiatives. Insurers play a key role in aligning their coverage plans with government goals, which can include support for diagnostic services and preventive care.

Considered in this report:
• Geography: China
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report:
• China Diagnostic Labs market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Testing Service Types
• Testing Service
• General and Clinical Testing
• Physiological Function Testing
• Esoteric Testing
• Specialized Testing
• Non-invasive Prenatal Testing
• Others

By Lab Types:
• Hospital-Based Labs
• Single/Independent Laboratories
• Physician Office Labs
• Others

By Revenue Source:
• Healthcare Plan Operators and Insurers
• Out-of-Pocket
• Public System

The approach of the report:
This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources.

Intended audience:
This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Diagnostic Labs, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

ページTOPに戻る

Table of Contents