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Global In Vitro Diagnostics Sector - Prospects in Emerging Markets
AM Mind Power Solutions, May 2010, Pages: 40
The report provides an outlook on the Global In Vitro diagnostics market with the market size, major players operating & IVD market by Geography. The report also discusses in detail the IVD market in US, Europe, Austria, China, Poland & India. Also mentioned in the report are the growth drivers for this industry & the Industry trends along with the oppurtunities in Japan. Company Profiles of major companies such as Bayer AG, Roche, Johnson & Johnson & Siemens AG are also covered.
The present report on Global In-vitro diagnostics includes- market analysis, driving forces, industry competition and trends prevailing in the industry. Market analysis section talks about global in-vitro market size; major markets (United States comprise the largest market for IVD products, followed by Japan.) and market by players and sector. Section under IVD in United States, the report analyzed demand for IVD products in the country with the description of demand by product type and sector forecast. Also the report discusses demand in the European Region and China. Growth drivers help to access the factors helping in the further growth and development of the sector. Further there are opportunities which may lead the industry growth in future. Also the report has included industry trends and players profiling which gives a better understanding to the report.
- In the global health care industry, IVD sector is one of the most lucrative segments with a market size of US$~ billion globally in 2007, while the global IVD market generated sales of over US$~ billion in 2008.
- Point of care professional diagnostics market has a market size of around US$~ billion in 2008 and is growing at around 5% every year.
- In the global scenario, approximately 80% of the market is held by the top ten players, Roche being the biggest with a market share of ~%. Abbott is closely behind holding ~%.
- The costs of the IVD tests are declining due to improvement in the instruments, reagents and related consumables.
- Molecular diagnostics is becoming one of the dominant platforms of clinical laboratory medicine, representing one of the fastest growing segments in the IVD industry.
United States
- The demand for IVD products in United States is expected to reach US$~ billion in 2013 with an increase in the medical related activities, due to the aging demographic patterns, the volume of IVD testing procedures is bound to increase.
- In Clinical Chemistry there was an increase of 5.6% during 2003–2008, the demand for clinical chemistry IVD products reached US$~ billion in 2008.
- In Blood Testing, this segmentation witnessed a growth of 3.5% since 2003 and reached US$~ billion in 2008.
Europe
- The total European IVD market is valued at US$~ billion, growth was in the range of ~% versus 2007 (US$~ billion) and the market is expected to have a slow growth, which is attributed to the increase in the adoption of new technologies in the market.
- The market for IVDs in Austria is largely import oriented, with US having an import market share of ~% in 2007.
- Self test market drives the growth and is the most significant sector contributing to the market growth.
Products Mentioned:
- Clinical Chemistry
- Near Patient Testing
- Molecular diagnostics
- Hematology
- Immunology
- Rapid Diagnostics
- Microbiology
- Applied Science
- Blood Collection
- Histophathol.
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