At present, there are 1,199 IVD reagent producers in China. Producers of larger scale are as follows, Kehua Bio-engineering, DAAN Gene, Strong Biotechnologies, Leadman Biochemistry, Shenzhen Mindray, Sichuan Maker, Biosino Bio-technology, Fosun Long March, etc., among which Kehua Bio-engineering, DAAN Gene, Leadman Biochemistry, EPNK, etc. are the public companies.

Development Trend of IVD Reagent Technology

1. Biochemical Diagnosis

Emphasis will be put on improving stability of the previous examination products and developing new examination projects brought by technological progress. The trend of substituting imported biochemical diagnostic reagents with domestic ones will be further strengthened in the future.

2. Immunodiagnosis

Chemiluminescent reagents have high technical requirements, which will be the main technology of IVD reagents in the future. At present, China depends on imported chemiluminescent reagents, therefore it is an inevitable trend that China will research and develop chemiluminescent products to replace the imported ones.

3. Upstream Raw Materials

At present, China still mostly depends on imported upstream raw materials. From the long run, China must master the preparation techniques of raw materials.

Reference Reports:

Research Report on China In-vitro Diagnostic Reagent Industry, 2017-2021

In 2016, the annual consumption per capita of China’s in-vitro diagnostic products was less than USD 3, while that of developed countries reached USD 25 to USD 30.

The post Analysis on In-vitro Diagnostic (IVD) Reagent Industry in China, 2017 first appeared on CRI Report.

The three stages in cold-chain equipment industry, namely, “the first kilometer”, “circulation and transportation” and “the last kilometer”, correspond to the pre-cooling equipment, cold storage equipment, refrigerated trucks/refrigerated container transport equipment, and “the last-kilometer equipment” respectively, of which cold storage and refrigerator truck are among the core equipment links. The “first and the last kilometer” links have large potential development space.

Second, there is no commercial scale demand for pre-cooling facilities.

There is large potential space in this industry, for the pre-cooling rate is only 30% in China, much lower than 95%, that in Europe and the U.S. Both supply end and demand end are highly dispersed, so it is difficult to form large-scale leading enterprises. As for the product form, there is no commercial scale demand at this stage.

The market size of cold storage equipment is about CNY 6 billion. Entering a stable growth stage, there will be large development potential in automatic cold storage market in the future. Total cold storage capacity was expected to be over 100 million cubic meters in 2016. The cold storage market of the year valued CNY 20 billion, of which the share of refrigeration equipment was about CNY 6 billion. It is expected that the average scale of the cold storage market will be CNY 20 billion per year in the next five years, and the highly-automatic three-dimensional cold storage may be the investment tendency. Daleng Holdings together with Yantai Moon have formed a monopolistic competition pattern in refrigeration equipment field.

Third, the market size of refrigerator trucks is CNY 8.5 billion, of which the share of cold machines is CNY 3.4 billion

It is expected that the CAGR of refrigerated truck market will be 10.5% in the next 5 years, which is expected to develop towards the light, multi-temperature and electric types. The reserves of refrigerated trucks was 93,400 in 2015, which was equivalent to a one-year growth in the U.S. or Europe, and reserves per capita was merely one-tenth that of Japan. The market size was over CNY 8 billion per year. It is estimated that the market size will reach CNY 15 billion per year with the CAGR being 11.8% in 2020. However, as the refrigeration technology being mature and the market competition being fierce, it will be hard to make profit from standardized products.

The “last kilometer” commercial mode of cold chain equipment remains to be explored. The potential market demand is large, the types and functions are abundant (including refrigerated distribution trucks, refrigerator/freezer, refrigerated incubator, self-pickup cabinet), and the gross profit rate is high. However, the demand for equipment in the “last kilometer” is limited by the economic cost of cold-chain delivery, therefore the present market is still at the exploration stage of commercial mode.

Forecast on Market of Cold Storage in China, 2017-2020

Source: CRI

Forecast on Refrigerator Truck Market in China, 2017-2020

Source: CRI

Related Reports:

Research Report on Cold Chain Logistics Industry in China, 2017-2021

CRI estimates that in 2016 in China, over 130 million tons of goods were transported and distributed via cold chain logistics and the market size was over CNY 130 billion.

The post CAGR of China’s Cold Chain Logistics Industry over 20% During 2017-2021 first appeared on CRI Report.