In-Vitro Diagnostics (IVD) : Global Industry Analysis & Outlook (2017-2021)
"Global
In-Vitro Diagnostics (IVD) Market: Industry Analysis & Outlook
(2017-2021)"
The Report covers current Industries Trends, Worldwide Analysis,
Global Forecast, Review, Share, Size, Growth, Effect.
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Description-
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Diagnosis is the identification of the nature and cause of a certain
phenomenon. It involves two different types of testing method: in
vivo and in vitro diagnostics. In-vitro diagnostics (IVDs) tests are
defined as tests executed outside a patient’s body which put
analytical instruments, devices, reagents, calibrators and systems to
use for checking of health status or diagnosing diseases.
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Purpose for doing the IVD test is to prevent, effectively cure and
mitigate any kind of risk and for post-treatment intensive care
diseases and infections. IVD products are precisely designed and
produced for collecting samples derived from the human body and
scrutinizing them outside the human body.
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The global IVD market is segmented on the basis of product,
technology used and test location. On the basis of product, this
market can be divided into three sub segments; reagents, analytical
instruments and accessory products. By technologies employed, it can
be segmented into various sub segments; immunochemistry, SMBG, POCT,
molecular diagnostics, clinical chemistry, microbiology, hematology
and others. Further, depending upon test location, the market can be
divided into three sub segments; labs, POC and self-test.
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Growth of the global IVD market is
driven by several factors including rapid occurrence of infectious
diseases, increasing diabetic patient base, and surge in incidences
of chronic ailments. Further, growing geriatric population, rising
GDP per capita and increasing healthcare expenditure per capita will
act as a catalyst for market growth. Owing to the suitable
demographical changes and rising disposable income coupled with
improving basic infrastructure, developing regions such as
Asia-Pacific and Latin America are expected to experience robust
growth. However, the market growth prospects could be hindered by
lack of customer adoption, lack of proper facilities and
infrastructure and strict government regulations.
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The report “Global In-Vitro
Diagnostics (IVD) Market: Industry Analysis & Outlook
(2017-2021)” analyzes the development of this market, with focus on
the North America, EMEA, Asia-Pacific and Latin America markets. The
major trends, growth drivers as well as issues faced by the market
are discussed in detail in this report. The four major players:
Siemens AG., Roche Holdings AG., Abbott Laboratories and Danaher
Corp. are being profiled along with their key financials and
strategies for growth.
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