In just five years, highly accurate and affordable gene testing has been embraced by more and more people in China, and the market for this service could reach 6 billion yuan (around $911 million) in 2016, which is more than five times than that in 2012, topping the world with its annual compound growth rate of 50 percent.
Chinese companies and research institutions have broken the monopoly on sequencing devices and reagent manufacturing by independently developing BIGIS, the first second-generation sequencers in China. Some types of domestic sequencers have been approved by the China Food and Drug Administration to enter the market.
China's fast development of gene science has been one of the main achievements in the hi-tech field since the 18th National Congress of the Communist Party of China. Now the gene industry has been a driving force for China’s economic growth and attracting a high amount of attention from the capital markets.
(The story is also published on People’s Daily Online)
This article was originally published in Huanqiu.