China Precision Diagnostics Market Size & Outlook, 2024-2030
The precision diagnostics market in China is expected to reach a projected revenue of US$ 2,034.3 million by 2030. A compound annual growth rate of 18.9% is expected of China precision diagnostics market from 2024 to 2030.
Revenue, 2023 (US$M)
$612.4
Forecast, 2030 (US$M)
$2,034.3
CAGR, 2024 - 2030
18.9%
Report Coverage
China
Global Market
Related Markets
China precision diagnostics market highlights
- The China precision diagnostics market generated a revenue of USD 612.4 million in 2023 and is expected to reach USD 2,034.3 million by 2030.
- The China market is expected to grow at a CAGR of 18.9% from 2024 to 2030.
- In terms of segment, genetic tests was the largest revenue generating test type in 2023.
- Direct to Consumer Tests is the most lucrative test type segment registering the fastest growth during the forecast period.
Precision diagnostics market data book summary
| Market revenue in 2023 | USD 612.4 million |
| Market revenue in 2030 | USD 2,034.3 million |
| Growth rate | 18.9% (CAGR from 2024 to 2030) |
| Largest segment | Genetic tests |
| Fastest growing segment | Direct to Consumer Tests |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Genetic Tests, Direct to Consumer Tests, Esoteric Tests |
| Key market players worldwide | Abbott Laboratories, Roche Holding AG, Siemens Healthineers AG ADR, Thermo Fisher Scientific Inc, BioMerieux SA, Becton Dickinson & Co, Danaher Corp, Qiagen NV, Hologic Inc, Agilent Technologies Inc |
Other key industry trends
- In terms of revenue, China accounted for 3.9% of the global precision diagnostics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China precision diagnostics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,274.9 million by 2030.
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Precision Diagnostics Market
Precision Diagnostics Market segmentation & scope
Precision Diagnostics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Abbott Laboratories | View profile | 114,000 | 100 Abbott Park Road, Abbott Park, IL, United States, 60064-6400 | www.abbottinvestor.com |
| Becton Dickinson & Co | View profile | 73,000 | 1 Becton Drive, Franklin Lakes, NJ, United States, 07417-1880 | www.bd.com |
| BioMerieux SA | View profile | 13,982 | Marcy l’Etoile, Lyon, France, 69280 | www.biomerieux.com |
| Siemens Healthineers AG ADR | View profile | 71,400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | www.siemens-healthineers.com |
| Thermo Fisher Scientific Inc | View profile | 122,000 | 168 Third Avenue, Waltham, MA, United States, 02451 | www.thermofisher.com |
| Roche Holding AG | View profile | 103,605 | Grenzacherstrasse 124, Basel, Switzerland, 4070 | www.roche.com |
| Danaher Corp | View profile | 63,000 | 2200 Pennsylvania Avenue, N.W., Suite 800W, Washington, DC, United States, 20037-1701 | www.danaher.com |
| Agilent Technologies Inc | View profile | 17,700 | 5301 Stevens Creek Boulevard, Santa Clara, CA, United States, 95051 | www.agilent.com |
| Qiagen NV | View profile | 5,900 | Hulsterweg 82, Venlo, LI, Netherlands, 5912 PL | www.qiagen.com |
| Hologic Inc | View profile | 6,990 | 250 Campus Drive, Marlborough, MA, United States, 01752 | www.hologic.com |
China Precision Diagnostics Market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Precision Diagnostics Market Outlook will help companies and investors design strategic landscapes.
Genetic Tests was the largest segment with a revenue share of 64.37% in 2023.
Horizon Databook has segmented the China precision diagnostics market based on genetic tests, direct to consumer tests, esoteric tests covering the revenue growth of each sub-segment from 2018 to 2030.
- China Precision Diagnostics Market Test Type Outlook (Revenue, USD Million , 2018-2030)
- Genetic Tests
- Direct to Consumer Tests
- Esoteric Tests
- Others
- China Precision Diagnostics Market Application Outlook (Revenue, USD Million , 2018-2030)
- Oncology
- Respiratory Diseases
- Skin Diseases
- CNS Disorders
- Immunology
- Genetic Diseases
- Others
- China Precision Diagnostics Market End Use Outlook (Revenue, USD Million , 2018-2030)
- Hospitals
- Clinical Laboratories
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the China Precision Diagnostics Market, including forecasts for subscribers. This country databook contains high-level insights into China Precision Diagnostics Market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Precision Diagnostics Market, 2018-2030 (US$M)
China precision diagnostics market statistics, by test type, 2018-2030 (US$M)
