/PRNewswire/ The global rapid diagnostics market size is expected to increase by USD 12.74 billion between 2021 and 2026, expanding at a CAGR of 7.58%.
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KUALA LUMPUR, Jan 26 (The Star/ANN) - Several Chinese manufacturers of coronavirus test kits are eyeing the US market as they see China-US anti-epidemic cooperation as bright under the new Biden administration, according to Global Times of China
Currently, virtually none of the Chinese test kit producers are in the US market partly due to trade tensions. But in recent months – especially this month, some China-made test kit suppliers started applying for the FDA certification amid rising order inquiries from the US, Global Times reported Tuesday based on input from industry players.
Guangzhou-based test kit maker Wondfo Biotech Co told Global Times that Biden’s plan to clamp down on the deadly virus could drive up demand for the quick test kits manufactured by Chinese producers.
SOURCE / ECONOMY By GT staff reporters Published: Jan 25, 2021 09:29 PM
A medical worker collects nucleic acid sample at a testing site in a primary school in Harbin, Northeast China s Heilongjiang Province, Jan. 22, 2021. Citizens in Harbin have been undergoing nucleic acid testing for the COVID-19 prevention and control. (Xinhua/Wang Jianwei)
Some Chinese manufacturers of coronavirus test kits said the market prospects for China-US anti-epidemic cooperation are bright and they look forward to making a contribution to the Biden administration s fight against the COVID-19 pandemic.
Virtually none of the Chinese test kit producers have entered the US market previously, partly due to trade tensions and uncertainties on both sides, industry insiders said. But months before Joe Biden took office, some domestic suppliers started applying for the FDA certification, and others saw rising order inquiries from the US, especially in January, as the market sensed the potential oppo