Asia Pacific In Vitro Diagnostics (IVD) Market Share, Current Impact, and Holistic View By 2024
The report on the Asia Pacific In Vitro Diagnostics (IVD) market report includes future industry Trends, Size, Share, Past, current data and deep analysis, and forecast. This market offers a coordinated and orderly methodology for the most important aspects that have influenced the market within the past and also the forthcoming market prospects on which the organizations can rely upon before investing. It furnishes with an affordable examination of the marketplace for better decision-making and assessment to place resources into it. The report analyses the weather and an entire detailed outlook of the most players that are likely to feature to the demand within the global Asia Pacific In Vitro Diagnostics (IVD) market within the upcoming years.
The market study additionally gives a to-the-point evaluation of the techniques and plans of action that are being executed by the manufacturers and firms to contribute to Asia Pacific In Vitro Diagnostics (IVD) market growth. A number of the foremost conspicuous measures taken by the organizations are partnerships, mergers & acquisitions, and collaborations to increase their overall reach. The key players are likewise presenting newer product varieties within the market to enhance the merchandise portfolio by embracing the new innovation and completing it in their enterprise.
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The Asia Pacific in Vitro Diagnostics Market was estimated at USD 12.5 billion in the year 2015. The increasing incidence of infectious and chronic diseases, rising awareness regarding advanced diagnostics solutions as well as technological advancements are expected to boost the in vitro diagnostic market in the Asia Pacific region.
The increasing need for rapid diagnostics, rise in healthcare spending, and rapid adoption of advanced technologies in the countries like India and China attributes to the escalating growth rate of the in vitro diagnostics in the region. Moreover, the increasing per capita income in these countries also has led to boost in the in vitro diagnostics market. The other major factors responsible for the growth of the market are increasing gross domestic products, and disposable income.
High population, cheap labor, unmet needs of targeted population, as well as escalating incidence and prevalence of infectious diseases have triggered major global players to enter the regional market. The increasing number of funds and more investments in the emerging economies has also helped to boost the demand for IVD products in the region. However, the strict regulatory policies are expected to the restraint the market growth of IVD.
On the basis of application, the market is classified into oncology, infectious diseases, HIV, cardiology, autoimmune diseases, nephrology, and drug testing. The infectious segment is estimated to be the largest among all due to high incidence rate of the infectious diseases in the Asia Pacific region.
Moreover, the increasing incidence of HIV has further led to the increase in demand for rapid IVD tests. In addition, the increasing awareness among the people regarding the new test methods has led to augment the in vitro diagnostics market in the Asia Pacific region.
End Use Insights
On the basis of the end use, the IVD market in the Asia Pacific region is classified into the hospitals, laboratories, homecare diagnostics, and others. Being the primary healthcare center, hospital held the largest revenue share in 2015.
Homecare diagnostics is anticipated to grow at the highest CAGR during the forecast period. Growing elderly population base, rising demand for rapid testing, and increasing initiatives for reducing prolonged hospital stays are some of the key factors supporting market growth.
The regional IVD market is classified in to Japan, India, and China. China is projected to grow at the highest CAGR during the study period. The increasing per capita income and rising GDP are factors responsible for the growth of these markets.
Moreover, the developing economies such as that of India have attracted various companies to invest in these countries. The increasing population also has led to the increased demand of IVD in the Asia Pacific region.
Table of Contents:-
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Asia Pacific In Vitro Diagnostics (IVD): Market Variables, Trends & Scope
Chapter 4 Asia Pacific In Vitro Diagnostics (IVD): Product Estimates & Trend Analysis
Chapter 5 Asia Pacific In Vitro Diagnostics (IVD): Application Estimates & Trend Analysis
Chapter 6 Asia Pacific In Vitro Diagnostics (IVD): End-use Estimates & Trend Analysis
Chapter 7 Asia Pacific In Vitro Diagnostics (IVD): Industrial End-use Estimates & Trend Analysis
Chapter 8 Asia Pacific In Vitro Diagnostics (IVD): Regional Estimates & Trend Analysis
Chapter 9 Competitive Landscape
Chapter 10 Asia Pacific In Vitro Diagnostics (IVD): Manufacturers Company Profiles
Top Key Players of Asia Pacific In Vitro Diagnostics (IVD) Market:
Affymetrix, Inc., Danaher Corporation, Alere, Inc, Abbott Laboratories, Roche Diagnostics, Bio-Rad Laboratories, Inc., Becton, Dickinson and Company, BioMerieux, Inc., Vela Diagnostics, Inc., Siemens Healthcare Diagnostics, Inc.
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