“Asia-Pacific In-Vitro Diagnostics Market” research report published by Market Data Forecast estimates that the market is growing with a CAGR of 9.64% to reach USD 16.22 billion by 2021, from USD 12.12 billion in 2016, which amounts to a cumulative growth of USD 0.82 billion.
In-Vitro diagnostics can be described as tests that can help in detecting diseases, conditions, or infections. Some of these tests are performed in laboratory or healthcare settings while other tests are for consumers to use at home. In-Vitro Diagnostics market is expected to witness faster growth owing to advancements and innovations in the IVD technologies.
In-Vitro diagnostics test a sample of tissue or body fluids for microbial cultures or blood glucose. They are also used for testing changes in the liver function, imbalance in calcium levels in the body and electrolytes in the blood such as sodium, urea, potassium and Keratinise. The end users of In Vitro diagnostics market are generally Laboratories, Hospitals, Academic institutions, Point-of-care testing centres. There are around 40,000 IVD products available in the market assisting patients and specialists on a wide range of conditions Global.
The report also presents detailed analysis of multitude of factors affecting Asia-Pacific In-Vitro Diagnostics Market bearing either positive or negative outcomes. Some of those factors are
- Rising geriatric population base
- Growing prevalence of diabetes
- Increasing recognition of the diabetic’s role in the patient care
- Rapidly evolving healthcare environment due to growing awareness about various diseases
- Stringent regulatory policies
- Unclear reimbursement policies are restraining the growth of the market.
For granular level understanding, the Asia-Pacific In-Vitro Diagnostics Market is segmented based on product, technology and by application each being provided with Market Size Estimations and Y-o-Y Forecasts. On the basis of product, the market is again sub segmented into instruments, reagents and kits, Data management system/software and services. On the basis of technology the in-vitro diagnostics market is sub segmented into Clinical Chemistry, Hematology, immunoassays, Coagulation and Hemostasis, molecular diagnostics, microbiology and other IVD technologies. On the basis of application the market for In-Vitro diagnostics is segmented into Diabetes, Infectious Diseases, Oncology/Cancer, Cardiology, Nephrology, Autoimmune Diseases, Drug testing and HIV
On the basis of geography, Asia-Pacific market for In-Vitro diagnostics is segmented into China, India, Japan and others. China Is the largest market for In-Vitro diagnostics accounting for a highest share owing to growing prevalence of chronic diseases such as cancer and respiratory diseases in the region while India is estimated to be the fastest growing segment with a CAGR
Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global IVD market. Other companies, which account for a significant share in the IVD market, are Biomérieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation, and Thermo Fisher Scientific, Inc.
The Asia-Pacific In-Vitro Diagnostics Market report offers wide-range of scope:
- Regional and country-level analysisthat provides an individual perspective of Asia-Pacific region and the aforementioned countries
- Know more about key areas of industry growth via detailed Segment-level analysison basis of product, technology and by application with market size forecasts and y-o-y estimations
- Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
- Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
- Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
- Competitive landscape analysislisting out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- Market Outlook – Investment opportunities devised by stand in expertsto provide both individuals and organizations a strong financial foothold in the market
For more reports related to the Asia-Pacific In-Vitro Diagnostics Market:
Asia Pacific HIV Diagnostics Market: http://www.marketdataforecast.com/market-reports/asia-pacific-hiv-diagnostics-market-2148/
Asia-Pacific In-Vitro Diagnostics Market: http://www.marketdataforecast.com/market-reports/asia-pacific-in-vitro-diagnostics-market-149/
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