Clinical Diagnostics Market in APAC - Market Analysis 2015-2019
| Published: Oct 2015 | Pages: 55 | SKU: IRTNTR7299 |
Market outlook of the global clinical diagnostics market in APAC
Clinical diagnostics is a method of performing diagnostic tests by using instruments, assay reagents, and systems to identify a disease or pathological condition in a laboratory. As these diagnostic tools are easy to use and highly accessible, the market for clinical diagnostics in APAC is expected to surpass USD 16 billion by 2019. The advent of biomarker-based tests and the rising popularity of point-of-care (POC) tests in this region are expected to result in this market’s healthy growth during the forecast period.
Technavio’s market research analysts have estimated factors like the growing popularity of POC tests to impel market growth during the next five years. POC testing reduces the waiting time of test results and involves fewer or no follow up visits. Additionally, it improves the patient’s healthcare accessibility and also allows them to conduct tests by themselves with the help of some home-based health devices like ACCU-CHEK.
Product-based segmentation of the clinical diagnostics market in APAC
- POC
- Tissue diagnostic
- Clinical microbiology
- Immunodiagnostics
- Molecular diagnostics
- Hematology
In this market research report, Technavio’s analysts have estimated the POC testing segment to account for the highest market growth rate during the forecast period. This segment is envisaged to grow at a rate of approximately 12% owing to its ability to reduce the clinical operating time and the number of visits to the clinic.
Competitive landscape and key vendors
This market is dominated by large vendors like Roche and Qiagen, and offers tremendous growth opportunities to the vendors. Since the market in APAC is rapidly growing, the establishment of industries and headquarters in this region will foster the growth opportunities for the vendors.
Key vendors in this market are -
- Abbott
- Biomerieux
- Beckman Coulter Diagnostics
- Roche
- Qiagen
Other prominent vendors in this market are Amgenix International, BD, Cepheid, DiagCor, Hologic, Life Technologies, J. Mitra & Co Pvt. Ltd, Landwind Medical, Mindray, Randox Laboratories, Span Diagnostics, Snibe Diagnostics, Sysmex, Trivitron Healthcare, Tosoh Corporation, and URIT.
Growth drivers, challenges, and upcoming trends: Clinical diagnostics
Technavio’s analyst has estimated upcoming trends, like the privatization of the healthcare sector, to spur market growth during the forecast period. The government’s increasing preference for multisite practice in this region is expected to allow private providers to easily access physicians according to their convenience. Also, the introduction of 100% foreign investment by governments in India and China is expected to boost the hospital business segment during the forecast period.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the global clinical diagnostics market in APAC. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
Key questions answered in the report include
- What will the market size and the growth rate be in 2019?
- What are the key factors driving the global clinical diagnostics market in APAC?
- What are the key market trends impacting the growth of the global clinical diagnostics market in APAC?
- What are the challenges to market growth?
- Who are the key vendors in the global clinical diagnostics market in APAC?
- What are the market opportunities and threats faced by the vendors in the global clinical diagnostics market in APAC?
- Trending factors influencing the market shares of APAC?
- What are the key outcomes of the five forces analysis of the global clinical diagnostics market in APAC?
Technavio also offers customization on reports based on specific client requirement.
Related reports
- Highlights
- Market overview
- Top-vendor offerings
- Research methodology
- Economic indicators
- Key market highlights
- Market overview
- Market size and forecast
- Five forces analysis
- Impact of regulatory services on clinical diagnostic devices
- Clinical diagnostics: Product pipeline
- Immunodiagnostics market in APAC
- POC diagnostics market in APAC
- Molecular diagnostics market in APAC
- Hematology devices market in APAC
- Tissue diagnostics market in APAC
- Clinical microbiology systems market in APAC
- Early and accurate diagnosis of life-threatening diseases
- Market expansion
- POC home diagnostics
- Government funding
- Domestic manufacturing of devices in China
- Lack of infrastructure and skilled professionals
- Issues with intellectual property rights
- Availability of counterfeit IVD products
- Inaccuracy of conventional diagnostics
- Pricing policies and unfavorable reimbursement policies in China
- Privatization and healthcare coverage
- Emergence of antibiotic-resistant pathogens
- Personalized medicines
- Next-generation technology and DNA microarrays
- Local distributors as intermediaries
- Competitive scenario
- Market share analysis 2014
- Other prominent vendors
- PART 15: Key vendor analysis
- Abbott Diagnostics
- bioMérieux
- Beckman Coulter
- Qiagen
- Roche Diagnostics
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
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Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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