Albany, NY (PRWEB) December 16, 2014
According to the report, the China IVD market will demonstrate a substantial growth by 2018. The research report delivers facts and figures with graphics of the China IVD market such as overall market and forecast, segment-wise market forecast, regulatory status, and company-wise IVD sales and forecast.
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Government efforts to regulate laboratory testing will fuel the China IVD market in the coming years. In addition, increasing number of private hospitals and independent testing laboratories in China will drive the IVD market further. However, lack of expertise in advanced technologies in local companies will hamper the in vitro diagnostics market to certain extents. Price pressures will limit the participation of multinational IVD companies in the China in vitro diagnostics market. Reimbursement rates of different products for different provinces will also restrain the China IVD market.
Factors such as state healthcare reforms, state citizen-benefiting policies, and requirement of hospital upgrading have contributed towards the development of China IVD market.
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The China in vitro diagnostics market is segmented according to major applications into immunoassay market, clinical chemistry market, hematology market, microbiology market, molecular testing market, coagulation market, self monitoring of blood glucose (SMBG) market, and point of care testing (POCT) market. China has become a competitive force and emerged as the world’s fastest growing IVD products market. The report states, that the China in vitro diagnostics market will double in its size by 2018 as compared to its 2013 market size.
Currently, the immunoassay application segment holds the largest market share compared to all other application segments of in vitro diagnostics. Clinical chemistry application segment holds the second position, but its market share is declining every year. Hence, it is expected to drop its position in near future. Molecular diagnostics segment is in the third position and expected to display a growth in its market share in the coming few years.
The research report provides detailed segmentation of the blood screening reagents used in the in vitro diagnostics market. These include nucleic acid detection kits for blood screening, diagnostic reagents for medical devices management, and radioactive reagents for drug administration. In addition, the report also provides data on the blood screening reagents belonging, quality improvement, and pre-evaluation of registration standards.
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The key players in China in vitro diagnostics market are Roche Diagnostics, Mindray Medical International Limited, Sysmex Corporation, and Shanghai Kehua Bio-Engineering Co. td. Other players include Zhejiang Di’an Diagnostics Technology Co. Ltd, Guangzhou Kingmed Diagnostics Centre Co. Ltd., Kindstar Global, BGI-Shenzhen, ADICON Clinical Laboratories, and OriGene Technologies. Among the key companies, Roche is leading with highest market share in China IVD market. Detailed company overview of each company with their products and services offering is covered in the report.
In Vitro Diagnostics Market (Clinical Chemistry, Immunoassay, Diabetes Testing, Blood Testing, Molecular Diagnostics) - Global Industry Analysis, Size, Share, Growth And Forecast, 2012 - 2018
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In vitro diagnostics provide valuable information regarding the physiological and/or pathological state of body and therefore are very essential to take well-informed medical decisions. This report estimates the market for the in vitro diagnostics terms of revenue (USD million) for the period 2012 – 2018, keeping 2011 as the base year. The in vitro diagnostics market is segmented into two major types namely market by geography and market by products. The market estimation for the U.S. and two emerging economies (China and India) have also been included in the report.
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The U.S., India and China in vitro diagnostics market is segmented by products into clinical chemistry IVDs, Immunoassay IVDs, diabetes testing IVDs, blood testing IVDs, molecular diagnostics, and other IVDs. The global market for in vitro diagnostics is segmented on the basis of geography into North America, Europe, Asia-Pacific and rest of the world (RoW) regions and this market is provided in terms of USD million.
Global IVD Products And Test Market-Strategic Volume And Pricing Analysis 2012-2016
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Global In Vitro Diagnostics (IVD) Products and Test market to grow at a CAGR of 4.33 percent over the period 2012-2016. One of the key factors contributing to this market growth is the significant growth of the IVD market in emerging countries. The market has also been witnessing a significant increase in the number of acquisitions of small and medium companies. However, the emergence of counterfeit or duplicate IVD products could pose a challenge to the growth of this market.
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The Global IVD Products and Test Market - Strategic Volume and Pricing Analysis 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market in the Americas, and the APAC and EMEA regions and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this space include Abbott Laboratories, Becton Dickinson and Company, bioMerieux SA, F. Hoffmann-La Roche Ltd., and Siemens Healthcare.
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