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Asia-Pacific IVD Market Projected to Hit $19,888 Million by 2023

The Asia-Pacific IVD Market accounted for $13,680 million in 2016, and is estimated to reach at $19,888 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023.

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Asia-Pacific IVD Market Projected to Hit $19,888 Million by 2023

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  1. Asia Pacific IVD Market by Product Type (Reagents, Instruments, and Software & Services), by Technique (Immunodiagnostics, Blood Testing, Molecular Diagnostics, Tissue Diagnostics, Clinical Chemistry, and Other IVD Techniques), by Application (Infectious Diseases, Cancer, Cardiac Diseases, Immune System Disorders, Nephrological Diseases, Gastrointestinal Diseases, and Other Indications), and by End Users (Standalone Laboratory, Hospitals, Academic and Medical Schools, Point of Care Testing, and Others) - Opportunity Analysis and Industry Forecast, 2017-2023

  2. Introduction: The Asia-Pacific IVD Market accounted for $13,680 million in 2016, and is estimated to reach at $19,888 million by 2023, growing at a CAGR of 5.4% from 2017 to 2023. IVD are the medical diagnostic devices comprised of any reagent, calibrator, control material, kit, specimen receptacle, software, instrument, apparatus, equipment or system; used alone or in combination with other diagnostic devices, specifically designed for in-vitro examination of specimens of human body.

  3. Segmentation Based on product type, the market is categorized into reagents, instruments, and software & services. The reagent segment accounted for the highest market share in 2016, and the software and services is expected to grow at the highest growth rate during the forecast period. The growth of the reagent market is attributed to the recent introduction of new novel reagents and wide availability of effective and cost-efficient reagents. On the basis of techniques, the immunodiagnostics segment captured the highest market share in 2016, due to the increase in demand for personalized medicines. On the basis of application, infectious diseases segment captured the highest market share in 2016, owing to the increase in prevalence of infectious diseases and rise in increase in preventive healthcare awareness among the population. Based on end users, the standalone laboratory segment captured the highest market share in 2016, primarily due to non-availability of complex tests in hospitals and commercial clinics. Get Sample Report: https://www.alliedmarketresearch.com/request-sample/1256

  4. Key Players: • Thermo Fisher Scientific Inc. • Alere Inc. • Biomerieux • Danaher Corporation • F.Hoffmann-La Roche AG • Becton Dickinson and Company • Bio-Rad Laboratories • Bayer AG • Sysmex Corporation • Johnson & Johns Read More: https://www.alliedmarketresearch.com/asia-pacific-IVD-market

  5. Key Benefits: • The study provides in-depth analysis of the Asia-Pacific IVD market along with current trends and future estimations to elucidate the imminent investment pockets. • Quantitative analysis of the industry is provided for the period of 2016‐2023 to enable the stakeholders to capitalize on the prevailing market opportunities. • Extensive analysis by technology and application helps understand various trends and prevailing opportunities in the market. • Comprehensive analysis of all geographical regions is provided, which determines the main opportunities in these geographies. • The key market players are profiled and their strategies are analyzed to predict the competitive outlook of the market.

  6. About Us: Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain. Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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  8. Thank You View Report: http://hitechnewsdaily.com/2019/07/asia-pacific-ivd-market-is-increasing-faster-to-reach-19888-million-and-predicted-to-show-highest-growth-rates-by-2023/

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