Mindray(SZ:300760) Chan Ye Xin Xi Wang·2026-01-09 01:57Core Insights - The cell counter industry in China is projected to reach a market size of approximately 11.24 billion yuan in 2024, with a year-on-year growth of 6.30% [1][6][8] - Traditional manual or semi-automatic counting devices are being rapidly phased out in favor of multifunctional intelligent cell analyzers that can monitor live cells and possess fluorescence analysis capabilities [1][6][8] Industry Overview - Cell counters are laboratory devices used to accurately measure the number of cells in liquid samples and analyze cell characteristics such as viability, size, morphology, and fluorescence labeling [2] - They are widely applied in fields such as biology, medicine, pharmaceuticals, cell culture, clinical diagnostics, drug screening, and cell therapy, characterized by efficiency, precision, and reduced human error [2] Industry Chain - The upstream of the cell counter industry includes raw materials and components such as lenses, filters, lasers, LED light sources, sensors, chips, and precision mechanical parts [4] - The midstream involves the production and manufacturing of cell counters, while the downstream applications span clinical diagnostics, scientific research, biopharmaceuticals, and environmental monitoring [4] Market Size - The cell counter market is a fundamental tool in the in vitro diagnostics (IVD) sector, which is expected to reach a market size of approximately 120 billion yuan in 2024, growing by 1.27% year-on-year [6] - The demand for fully automated cell counters is increasing due to the push for laboratory automation upgrades, particularly in the context of new healthcare projects [7] Key Companies - The market is characterized by a concentration of leading companies, with products from companies like Ruiwo De and Highpoint Bio being highly recognized [8] - Shenzhen Mindray Biomedical Electronics Co., Ltd. has made significant technological advancements in flow cytometry, enhancing its market position [10] Industry Development Trends 1. The technology is moving towards high integration and intelligence, evolving from mere counting tools to comprehensive intelligent analysis systems [12] 2. Market demand is shifting from general-purpose instruments to specialized solutions tailored for specific applications, leading to a more segmented market [13] 3. The industry is undergoing structural adjustments, with a focus on high-quality products and domestic alternatives gaining traction in the mid-to-high-end market [14]