Tests which are performed in test- tubes or in a
controlled environment outside a living organism to provide diagnosis are known
as In-vitro diagnostic (IVD) tests. Contemporary IVD industry commonly uses
analytical instruments and reagents to perform various tests to diagnose study
and monitor various kinds of diseases. The reagents used are specialized
chemicals which are capable of reacting with target substances such as tissue,
blood, urine etc, found in the sample provided by the patient. Also, the
analytical instruments include various equipments that bring the sample and the
reagent together for the reaction to happen and automate the process.
The IVD market of BRIC economies is expected to witness
immense growth opportunities due to increased healthcare budgets, increased
number of hospitals and technological advancement. Moreover, BRICS is viewed as
one of the attractive markets for MNCs concerned with healthcare sector due to
the increasing awareness among consumers and large untapped population.
Therefore, heavy investments are being made to expand market shares in these
areas. However, absence of strict regulations in respect to the patient’s
safety is considered as a hurdle for the growth of IVD market, to a certain
extent.
The BRICS IVD market is expected to have a healthy
growth rate. Various application segments studied in this report include
Molecular diagnostics, Clinical Chemistry, Microbiology, Immunology, Hemostasis,
Cytology, Cardiac markers, Hormones/marking tumors and Hematology. Clinical
chemistry is expected to lead in terms of market size among all the other
segments and molecular diagnostics is expected to witness highest growth rate
during the forecast period. Among the BRICS nations China is forecasted to
account for a larger share of the IVD market followed by Brazil, Russia and
India.
Some of the market players profiled in this report
include Abbott diagnostics, Sysmex Corp, Mindray ltd, Oxoid ltd, Beckman
Coulter Inc, Diasorin diagnostics spa, Ortho-clinical diagnostics Inc, Horiba
ltd, Becton, Dickinson & co., Qiagen N.V, Siemens healthcare, Biomérieux
SA, Roche diagnostics Ltd and Bio-Rad Laboratories Inc.
This research report analyzes this market depending on
its market segments, major geographies, and current market trends. Geographies
analyzed under this research report include
North America
Asia Pacific
Europe
Rest of the World
This report provides comprehensive analysis
of
Market growth
drivers
Factors limiting market
growth
Current market
trends
Market structure
Market projections for
upcoming years
This report is a complete study of current trends in
the market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent developments
in technology, Porter’s five force model analysis and detailed profiles of top
industry players. The report also includes a review of micro and macro factors
essential for the existing market players and new entrants along with detailed
value chain analysis.
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