Asia Pacific IVD Market by Product Type - PowerPoint PPT Presentation


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Asia Pacific IVD Market by Product Type


The Asia-Pacific IVD Market accounted for $13,680 million in 2016, and is estimated to reach at $19,888 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. – PowerPoint PPT presentation

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Title: Asia Pacific IVD Market by Product Type

Asia-Pacific In vitro Diagnostics Market
Global Opportunity Analysis and Industry
Forecast, 2017-2023
Asia Pacific IVD Market
  • In vitro diagnostics is a technique used to
    identify several diseases and health conditions
    in a controlled artificial environment.
  • The wide scope of application in various
    biological and medical diagnostics industries
    offers a competitive edge to the IVD device and
    reagents manufacturers.
  • Likewise, factors such as, increasing government
    initiatives, growing RD activities for advanced
    diagnostics techniques, improving healthcare
    infrastructure, and rising per capita healthcare
    expenditure largely drive the Asia Pacific IVD
    market growth.
  • On the other hand, lack of harmonization in
    regulatory guidelines coupled with inadequate
    reimbursement policies and technological barriers
    are hindering the market growth.

Asia Pacific IVD Market
  • The Asia-Pacific IVD Market accounted for 13,680
    million in 2016, and is estimated to reach at
    19,888 million by 2023, growing at a CAGR of
    5.4 from 2017 to 2023.
  • IVD are the medical diagnostic devices comprised
    of any reagent, calibrator, control material,
    kit, specimen receptacle, software, instrument,
    apparatus, equipment or system used alone or in
    combination with other diagnostic devices,
    specifically designed for in-vitro examination of
    specimens of human body.
  • In 2015, the immune system disorder and
    infectious diseases application segments together
    held a dominant share, of around 50 of the
    Asia-Pacific IVD market. This is attributed to
    the growing incidence and prevalence of
    infectious diseases namely, HIV/AIDS and
    Hepatitis and immune systems disorders namely,
    diabetes, and immune deficiency.
  • The Stand-alone laboratories and hospital end
    user segments dominated the market in 2015 owing
    to frequent and primary use of in vitro
    diagnostic techniques for the detection of
    several diseases and disorders.

Asia Pacific IVD Market
  • Infectious diseases segment is expected to
    maintain its foothold in the Asia-Pacific IVD
  • Cancer is projected to be the fastest growing
    application segment during the forecast period.
  • In 2015, infectious diseases and immune
    system disorders collectively accounted for about
    half of the Asia-Pacific IVD indication market.
  • Asia-Pacific IVD Instruments market is
    projected to witness the highest CAGR of 7.1
    during the forecast period.
  • India is forecasted to be the fastest growing
    market, growing at a CAGR of 7.1 from 2016 to
  • In 2015, China and Japan collectively
    accounted for around two-third of the Asia
    Pacific IVD market revenue.

Key findings of the study
Asia Pacific IVD Market

Top Investment Pocket
Asia Pacific IVD Market

Asia-Pacific IVD Market Segmentation
Asia Pacific IVD Market
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