In Vitro Diagnostics Market

Posted by ahila on April 25th, 2018

Invitro diagnostics market: Invitro diagnostics are used to detect infectious diseases, and also used to monitor the health status of a person and therapeutic procedures by examining the specimens like blood, tissue, urine, stools and other bodily fluids. Various technologies are incorporated in in-vitro diagnostics such as microarray techniques, mass spectrometry, polymerase chain reaction and sequencing technology are used for testing the sample preparation.

 Market Outline: Global In Vitro Diagnostics Market

 Increasing expenditure on healthcare sector in emerging markets, huge demand for novel diagnostic methods for diagnosis of the diseases are expected to create demand for in vitro diagnostics. Rising adaptation of point care testing, rising incidences of lifestyle diseases are expected to boost the market. As per 2014 report of National Diabetes Statistics states that about 9.3% of U.S. population have diabetes and about 8.1Mn people are undiagnosed, In accordance with WHO, about 5Mn deaths were recorded because of the chronic diseases like TB, Malaria, and AIDS in 2011, around 8.7 Mn cases registered due to TB. Cancer accounted for 7.9Mn deaths and anticipated to reach 11Mn by 2030. Increase in the number of laboratories with sophisticated infrastructure in developed countries is the few factors expected to boost the growth of Invitro diagnostics market. However, unfavourable reimbursement policies in developing countries and strict regulatory framework are few factors that are restraining the growth of the IVD market.

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The In Vitro diagnostics (IVD) market is classified on the basis of product type, application, techniques, end user and geography.

Based on product type, in vitro diagnostics market is segmented into the following

• Reagents and consumables
• Software and services
• Instruments

Based on techniques, in vitro diagnostics market is segmented into the following

• Immunochemistry
• Molecular diagnostics
• Clinical chemistry
• Tissue diagnostics
• Haematology
• Others

Based on Application, in vitro diagnostics (IVD) market is segmented into the following

• Cancer
• Infectious disease
• Nephrological diseases
• Immune system disorders
• Gastrointestinal disorders
• Neurological disorders
• Others

Based on end user, in vitro diagnostics market is segmented into the following

• Hospitals
• Diagnostic centres
• Point-of-care testing
• Others

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