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Global In-Vitro Diagnostics (IVD) Market: Industry Analysis & Outlook (2017-2021)

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Title: Global In-Vitro Diagnostics (IVD) Market: Industry Analysis & Outlook (2017-2021)


1
Industry Research by Koncept Analytics
Global In-Vitro Diagnostics (IVD) Market
Industry Analysis Outlook ---------------------
-------------------- (2017-2021)
October 2017
2
Executive Summary
Diagnosis is the identification of the nature and
cause of a certain phenomena. 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
patients 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. 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.
3
Rising incidence of chronic and infectious
diseases, growth in the number of private
diagnostic centers, and shift in focus from
centralized laboratories to decentralized
point-of-care testing are the key factors
expected to drive the global IVD market for the
given time period.
Global IVD Market by Value (2012-2016)
  • The global IVD market reached US... billion in
    2016, increasing from US... billion, registering
    a CAGR of spanning from 2012 to 2016.
  • In 2021, the global IVD market is predicted to be
    valued at US... billion, growing at a CAGR of
    , spanning from 2017 to 2021.
  • In 2016, North America remained the largest
    market with share, followed by Europe/Middle
    East/Africa (EMEA) at and Asia-Pacific at
    share.

Global IVD Market Forecast by Value (2017-2021)
Global IVD Market by Region (2016)
4
Asia-Pacific is among the fastest growing IVD
markets, primarily due to presence of rapidly
growing economies such as China and advanced
markets such as Japan. Continuously rising
income, government initiatives to control disease
prognosis, rising importance of early disease
detection and technological advancements are
likely to drive the market.
North America IVD Market by Value (2012-2016)
  • In 2016, North American IVD market was valued at
    US... billion and is forecasted to reach US...
    billion in 2021, growing at a CAGR of spanning
    from 2016 to 2021.
  • The EMEA IVD market is expected to be valued at
    US... billion in 2021. It is forecasted to grow
    at a CAGR of , spanning from 2016 to 2021.
  • In 2021, Asia-Pacific IVD market is expected to
    reach US... billion, increasing from US...
    billion in 2016, growing at a CAGR of nearly
    for the forecasted time period.

EMEA IVD Market Forecast by Value (2016-2021)
Asia-Pacific IVD Market Forecast by Value
(2016-2021)
5
For Report Purchase Click Belowhttp//www.koncep
tanalytics.com/Researchreport/global-in-vitro-diag
nostics-ivd-market-industry-analysis-outlook-2017-
2021-25462.aspx
Disclaimer
Contact Us
This is a licensed product of Koncept Analytics.
You cannot reproduce, publish, distribute,
publicly display, sell or create other works from
this report or use them in any way for commercial
purpose without our prior permission. Further,
you cannot copy this material, by any means
(including electronic copies), for distribution
to others unless you have purchased the corporate
license of this report. We believe the sources
are reliable, but Koncept Analytics does not
warranty the accuracy or completeness of the
data. The data presented in the report is updated
at the publication date but is subject to change
at subsequent releases. All possible efforts have
been made to ensure accuracy of data. However,
investors should not completely rely on the
information given in this report and must make
decisions based on their own investment strategy,
risk management and capital adequacy.
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Plaza Vaishali, Ghaziabad, U.P. 201010 T
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