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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Industry Insights
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.
Application Insights
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.
Regional Insights
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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