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Global In Vitro Diagnostics Market to Expand Rapidly in Developing Countries due to Presence of Unmet Needs

Posted on Oct 14, 2015

Transparency Market Research has published a new report that offers an in-depth study of the global metrology services market. The report, titled “In Vitro Diagnostics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2012 - 2018”, is available for sale on the company’s website. This report offers a 360-degree view of the global in vitro diagnostics market along with an assessment of the strengths, weaknesses, opportunities, and threats faced by this market.

Browse the full In Vitro Diagnostics Market (Clinical Chemistry, Immunoassay, Diabetes Testing, Blood Testing, Molecular Diagnostics) - Global Industry Analysis, Size, Share, Growth and Forecast, 2012 - 2018 report at http://www.transparencymarketresearch.com/in-vitro-diagnostic-tests.html

The global in vitro diagnostics market has been segmented on the basis of products and geography. In terms of geography, this market can be divided into Asia Pacific, Europe, North America, and Rest of the World. The products in the global in vitro diagnostics market are clinical chemistry IVDs, immunoassay IVDs, blood testing IVDs, molecular diagnostics, diabetes testing IVDs, and other IVDs.

The increasing demand for IVDs from regions such as Asia Pacific and Latin America is rapidly changing the landscape of the in vitro diagnostics market across the globe. Back in 2011, Europe and North America held a large share in the in vitro diagnostics market due to the presence of organized clinical research facilities and growing healthcare awareness. However, the tables have turned, as developing economies are now in the limelight and are attracting important market players with their pool of unmet opportunities.

The main drivers for the in vitro diagnostics market in Europe are the growing incidence of illnesses such as tuberculosis, sexually transmitted infections, and pneumonia, cardiovascular diseases (CVDs), diabetes mellitus, and cancer, and growing interest in quick diagnostics and point-of-care testing.

The report suggests that clinical chemistry IVDs dominated the market in China, India, and the U.S in 2011. However, analysts predict that the molecular diagnostics segment will outpace the growth of other segments, as it helps in identifying diseases at a very early stage. In addition to this, the growing number of diabetics will also drive the global diabetes testing IVDs market, which includes blood glucose meters and glucose testing strips. As the diagnostic companies are working with pharmaceutical organizations for improving diagnostic procedures, the market will witness a huge array of convenient testing options in the near future.

The report on the global in vitro diagnostics market also profiles some of the key players in the market to provide a clear picture of the competitive landscape. The important companies in the global in vitro diagnostics market are Abbott Laboratories Inc., Bayer AG, Alere Inc., Becton Dickinson and Company, Siemens Healthcare (a division of Siemens AG), Beckman Coulter Inc., Biomerieux SA, Danaher Corporation, Gen-Probe Incorporated, Life Technologies Corporation, Johnson and Johnson, Thermo Fisher Scientific Corporation, and F. Hoffmann-La Roche Ltd. The section on company profiles includes an overview, financial status, research and development plans, marketing strategies, and investment plans for the coming few years.

The global in vitro diagnostics market is categorized into the following segments:

  • Market by Products
    • U.S.
      • Clinical Chemistry
      • Immunoassay
      • Diabetes Testing
      • Blood Testing
      • Molecular Diagnostics
      • Others (Flow Cytometry, Microbiological Diagnostic Techniques)
    • India
      • Clinical Chemistry
      • Immunoassay
      • Diabetes Testing
      • Blood Testing
      • Molecular Diagnostics
      • Others (Flow Cytometry, Microbiological Diagnostic Techniques)
    • China
      • Clinical Chemistry
      • Immunoassay
      • Diabetes Testing
      • Blood Testing
      • Molecular Diagnostics
      • Others (Flow Cytometry, Microbiological Diagnostic Techniques)
  • Market by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)

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