Major Progress of In-Vitro Diagnostics (IVD) Global Industry : Research and Forecast 2018-2025
Press
Release - 06 Feb 2018
Global
Research and Development News
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Report
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. 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.
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.
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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