In-Vitro Diagnostics or IVD Market Sketch
There are number of factors driving growth of the market – aging population, notably cancer and infectious disease in developing countries. Rising acceptance of molecular diagnostics in personalized medicine, increasing prevalence of lifestyle and chronic diseases, increasing number of private diagnostic centers.
In vitro Diagnostic (IVD), are medical devices, reagents and accessories used to perform tests on samples, (e.g., blood, urine and tissue) taken from the human body. The Global In-Vitro Diagnostics Market is expected to grow at a CAGR of 6.5% during forecasted period 2018-2023.
According to WHO, it is the second most common type of cancer in women. Every year 200,000 new cases are diagnosed worldwide and this number is continuously increasing. Prevalence of breast cancer is more common in developed countries compare with developing countries. Moreover, adoption of unhealthy lifestyle, exposure to harmful radiation, increasing geriatric population and increasing governmental initiatives also contributed in the growth of the market.
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Regional Analysis for Global In-Vitro Diagnostics or IVD Market
On the regional basis, the market is segmented into America, Europe, Asia Pacific and Middle East and Africa.
America dominates the Global market for In-Vitro Diagnostics. Increasing demand for the advanced techniques and In-Vitro Diagnostics and higher expenditure are the major factors for growth of the America market.
Europe records the second largest market share followed by Asia Pacific. Asia Pacific is fastest growing market. Due to increasing prevalence of chronic diseases, increasing number of private diagnostic centers are driving forces for growth of the market. Lack of proper reimbursement policies in the developing countries and strict FDA regulations are the main restraints for the growth of the IVD market.
On the other hand, in the Middle East and Africa, blood disorders have become a huge problem due to limited screening, ignorance of diseases, and poor access to treatment.
Key Players for Global In-Vitro Diagnostics or IVD Market
Abbott (US), F. Hoffmann-La Roche Ltd (Switzerland), Biomérieux (France), Ortho Clinical Diagnostics (US), Johnson & Johnson (US), Siemens Healthcare GmbH (Germany), Sysmex (japan), Becton Dickinson (US), Thermo Fisher Scientific Inc. (US), Accelerate Diagnostics (US), Hycor Biomedical (US), Diagnostic Biosystems (US), Eurogentec (Belgium), Orgentec Diagnostics (US), Immunarray PVT. LTD (US), Werfen Group (Spain), Danaher Corporation (US), Bio-Rad Laboratories INC (US), Stago Diagnostica (France), Alere Inc (US), and Others.
Key Questions Answered In This Report:
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Some Brief Table of Contents of Report
Chapter 1 Report Prologue
Chapter 2 Introduction
2.2 Scope Of Study
2.3 Research Objective
Chapter 3 Research Methodology
3.2 Primary Research
3.3 Secondary Research
Chapter 4 Market Dynamics
4.5 Macroeconomic Indicators
Chapter 5 Market Factor Analysis
5.1 Porter’s Five Forces Model
5.1.1 Bargaining Power Of Suppliers
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