Asia-Pacific In Vitro Diagnostics Market Size, Share, Trends, Growth and Forecast 2022 – Acute Market Reports
In vitro diagnostics (IVD) is a method used for detection and identification of diseases in an artificial environment using samples such as blood, urine, stool, tissues and other body fluids, which are derived from the human body. IVD includes several techniques such as immunodiagnostic, infectious diseases testing, blood testing, clinical chemistry, molecular diagnosis and other such techniques. Considerable increase in the number of chronic and infectious diseases, growing awareness towards healthcare solutions and technological advancements in healthcare industry encouraged doctors and researchers to shift their focus from traditional diagnostic methods to personalized medicines.
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The overall revenue of the Asia Pacific IVD market accounted for about $12.9 billion in 2015, and is estimated to reach $19.0 billion by 2022, registering a CAGR of 5.6% over the forecast period. The increased application of personalized medicines and widespread knowledge of rare diseases are boosting the growth of Asia Pacific IVD market. Moreover, growing need of IVD testing owing to increasing incidences of chronic and infectious diseases and growing geriatric population prone to immunological disorders drives the market growth. The Asia Pacific IVD market has evolved over the years with the launch of several innovative techniques used across multiple therapeutic areas. However, stringent regulatory policies and reimbursements issues in few countries limit the growth of this market. The rising demand for technologically advanced diagnostic devices, rise in GDP and per capita income and rise in disposable incomes facilitate a huge potential for the Asia Pacific IVD market in the Asia-Pacific region. Similarly, the development of a new range of condition-specific markers and tests along with the advancement in genomics and proteomics are creating new opportunities in emerging economies.
The Asia-Pacific IVD market is segmented based on product type, technique, indications, end user and country. Based on technique, the market is segmented into immunodiagnostics, blood testing, molecular diagnostics, tissue diagnostics, clinical chemistry and other clinical technique. Immunodiagnostic is the highest revenue-generating segment in the overall IVD techniques market. However, the blood testing is the fastest growing technique in the overall IVD techniques market due to its ability to accurately detect the primary cause of the disease.
Based on product type, the market is segmented into instruments, reagents, services & software. Reagents held the highest market share in the Asia Pacific IVD market followed by rapidly growing instrument segment. Reagents are largely used in various equipment and play a key role in the overall diagnosis process. The application segment is categorized into infectious diseases, cancer, cardiac diseases, immune system diseases, nephrological diseases, gastrointestinal diseases, and others. Infectious diseases segment was the highest revenue-generating segment in 2015 and would continue to maintain its position throughout the forecast period, due to the rise in incidences of infectious diseases such as HIV/AIDS, Chlamydia and Hepatitis.
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Chapter: 1 INTRODUCTION
1.1 Report description
1.2 Reason for doing the study
1.3 Key take away
1.4 Key market segments
1.5 Research methodology
1.5.1 Secondary Research
1.5.2 Primary Research
1.5.3 Analyst tools and models
Chapter: 2 EXECUTIVE SUMMARY
Chapter: 3 MARKET OVERVIEW
3.1 Market definition and scope
3.2 Key findings
3.3 Key Intelligence
3.3.1 Top impacting factors
3.3.2 Top investment pockets
3.3.3 Top winning strategies
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