What is the current size of the IVD market in China?
Carl McEvoy: The last report by McEvoy and Farmer on the IVD market in China came out at the end of 2004. At that time, we estimated the market for the segments we cover to be $703 million. The segments that we follow include chemistry, critical-care chemistry, immunochemistry, hematology, urinalysis, coagulation, and molecular testing. If you add about 15% for the segments we don’t cover, such as microbiology, clinical pathology, and psychology, then the market would be around $808 million. Then, taking into consideration the two years of growth since the report was published, the market today is roughly $1 billion and growing. What factors are driving this growth? How much do you expect the IVD market in China to grow during the next 5–10 years? There’s quite a bit of variation in the growth rates between the market segments but, in general, the market is expanding at around 15% per year. The main driver of this growth is the increasing prosperity of the population. The economy has b
