Diagnostic Reagents Market report published by Value Market Research, which studies the future outlook of the market. It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2022-2030.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Diagnostic Reagents market include Abbott Laboratories, F. Hullmann-La Roche AG, Becton, Dickinson and Company, Siemens Healthineers, Sysmex Corporation, Profiled, DiaSorin S.p.A., biuMerieux SA, Ortho Clinical Diagnostics, Thermo Fisher Scientific Inc., Agilent Technologies Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Increasing disease prevalence, particularly chronic and infectious conditions, has spurred demand for accurate diagnostic tests. The aging global population, technological advancements in diagnostics, and investments in healthcare infrastructure have further driven market expansion. Personalized medicine's rise has created a need for precise diagnostic information, while awareness about preventive healthcare has increased the demand for screening tests. Outbreaks like COVID-19 highlighted the vital role of diagnostic reagents in disease detection and containment. The demand for rapid, point-of-care tests has surged due to emergency situations and resource constraints. Ongoing research, supportive regulatory policies, public health initiatives, and global trade partnerships have collectively contributed to the market's growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of diagnostic reagents. The growth and trends of diagnostic reagents industry provide a holistic approach to this study.
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Market Segmentation
This section of the diagnostic reagents market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Chromatography Reagents
- Molecular Diagnostic Reagents
- Immunoassay Reagents
- Clinical Chemistry Reagents
- Flow Cytometry Reagents
- Cell & Tissue Culture Reagents
- Hematology & Hemostasis Reagents
- Microbiology Reagents
- Others
By End-User
- Hospitals & Diagnostics Laboratories
- Academic & Research Institutes
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Diagnostic Reagents market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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Factors such as increasing burden of chronic diseases (majorly due to the rising geriatric population), rising prevalence of infectious diseases, rising demand for early disease diagnosis using specialized tests, growing awareness on personalized medicine, increasing adoption of fully-automated instruments and automation in laboratories, and increasing adoption of point-of-care testing are driving the market growth.The In Vitro Diagnostics Market is projected to reach USD 87.93 billion by 2023 from USD 68.12 billion in 2018, at a CAGR of 5.2%.The oncology segment is expected to grow at the highest CAGR in the in vitro diagnostics marketThe IVD market, by application is segmented into infectious diseases, diabetes, oncology, cardiology, drug testing/pharmacogenomics, HIV/AIDS, autoimmune diseases, nephrology, and other applications (including genetic disease screening and human leukocyte antigen typing).
The increasing number of cancer cases across the globe, growing demand for personalized medicine treatment, the increasing utility of biomarkers, and availability of funding for cancer research are some of the major factors propelling the growth of this application segment.Download PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=703 Point-of-care testing segment will continue to grow at higher rate till 2023.On the basis of end users, the in vitro diagnostics market is segmented into hospitals, laboratories, poit-of-care testing, patient self-testing, academic institutes, and other end users.
The hospitals segment held the largest share of this market in 2017, while point-of-care testing segment is expected to register highest growth during the forecast period.Regional Analysis:-The in vitro diagnostics market, by region, has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2017, North America dominates the market; and Asia Pacific is expected to witness the highest CAGR during the forecast period, owing to factors such as government efforts to increase awareness about the early detection of diseases and regular health check-ups; continuously rising healthcare expenditure; increasing number of hospitals and clinical diagnostic laboratories in India and China; and strengthening research base for diagnostic procedures across India, China, and Japan.Read More: - https://www.marketsandmarkets.com/PressReleases/ivd-in-vitro-diagnostics.aspTop Key players:-The top five players in this market hold a share of ~55–60% in 2017.
Roche Diagnostics Limited (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Abbott Laboratories (US), and Thermo Fisher Scientific (US) are the leading players in this market.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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