Expert view: IVD Market in LAMEA still promises to grow by 4.7% CAGR
The infectious diseases segment was the major shareholder in the LAMEA IVD based application market in 2018.
NE WIN SIVERS DRIVE, PORTLAND, UNITED STATES, January 13, 2022 /EINPresswire.com/ -- According to a new report published by Allied Market Research, titled, LAMEA IVD Market1 by Product Type, Techniques, Application, and End Users: Opportunity Analysis and Industry Forecast, 2017-2023, the LAMEA IVD market was valued at $7,413 million in 2016, and is projected to reach at $10,316 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023. The immunodiagnostics segment accounted for more than two-ninths share of the total market in 2016.
In vitro diagnostics (IVD) are medical devices and reagents used for examination of the body samples such as blood, tissue, and body fluids to detect diseases, disorders, and infections and identify suitable medical treatment. Rise in incidences of chronic and infectious diseases, constant technological developments to improve efficacy of IVD and increase in government healthcare expenditure in LAMEA region drive the market growth. However, stringent government regulations related to the safety and efficacy of the IVD and unfavorable reimbursement policies are expected to restrain the market growth during the forecast period. Ongoing R&D associated with the IVD and increased disposable income of consumers provides huge growth potential for IVD market.
(๐ ๐ฃ๐๐ | ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ข๐ณ ๐ง๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐๐ ๐๐๐ฎ๐ถ๐น๐ฎ๐ฏ๐น๐ฒ ๐๐บ๐บ๐ฒ๐ฑ๐ถ๐ฎ๐๐ฒ๐น๐ ๐จ๐ฝ๐ผ๐ป ๐ฅ๐ฒ๐พ๐๐ฒ๐๐) ๐ฎ๐: https://www.alliedmarketresearch.com/request-sample/4137
๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
1) The COVID-19 impact on the LAMEA IVD Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
๐๐ฒ๐ ๐๐ฒ๐๐ฎ๐ถ๐น๐ฒ๐ฑ ๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐๐บ๐ฝ๐ฎ๐ฐ๐ ๐๐ป๐ฎ๐น๐๐๐ถ๐ ๐ฎ๐- https://www.alliedmarketresearch.com/request-for-customization/4137?reqfor=covid
Based on product type, the reagents segment held the highest market share in 2016, owing to the recent introduction of new novel reagents in the market that are more effective.
Based on application, the infectious diseases segment contributed the highest market share in 2016, owing to the increase in prevalence of infectious diseases such as HIV, tuberculosis, and others.
Based on end users, the standalone laboratory segment captured the highest market share in 2016, mainly due to increase in outsourcing of diagnostic test by hospitals.
๐๐ฒ๐ ๐๐ฒ๐ป๐ฒ๐ณ๐ถ๐๐ ๐ณ๐ผ๐ฟ ๐ฆ๐๐ฎ๐ธ๐ฒ๐ต๐ผ๐น๐ฑ๐ฒ๐ฟ๐:
โขThis report entails a detailed quantitative analysis along with the current global LAMEA IVD Market trends from 2018 to 2025 to identify the prevailing opportunities along with the strategic assessment.
โขThe LAMEA IVD Market forecast is studied from 2018 to 2025.
โขThe LAMEA IVD Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
โขA qualitative analysis based on innovative products facilitates strategic business planning.
โขThe development strategies adopted by the key market players are enlisted to understand the competitive scenario of the LAMEA IVD Market.
๐๐ถ๐๐ ๐ผ๐ณ ๐๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ฃ๐ฟ๐ผ๐ณ๐ถ๐น๐ฒ๐ฑ ๐ถ๐ป ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
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, and Johnson & Johnson among others.
๐ง๐ผ ๐๐ฒ๐ ๐๐ถ๐๐ฐ๐ผ๐๐ป๐, ๐ ๐ฎ๐ธ๐ฒ ๐ฃ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐๐ป๐พ๐๐ถ๐ฟ๐ ๐ฎ๐- https://www.alliedmarketresearch.com/purchase-enquiry/4137
๐๐ฟ๐ฒ๐พ๐๐ฒ๐ป๐๐น๐ ๐๐๐ธ๐ฒ๐ฑ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐?
Q1. What are the leading market players active in the LAMEA IVD Market?
Q2. What current trends will influence the market in the next few years?
Q3. What are the driving factors, restraints, and opportunities in the market?
Q4. What are the projections for the future that would help in taking further strategic steps?
๐๐ฉ๐๐ก๐จ๐- ๐ ๐ฆ๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป-๐๐ฎ๐๐ฒ๐ฑ ๐๐ถ๐ฏ๐ฟ๐ฎ๐ฟ๐ (๐ฃ๐ฟ๐ฒ๐บ๐ถ๐๐บ ๐ผ๐ป-๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ, ๐๐๐ฏ๐๐ฐ๐ฟ๐ถ๐ฝ๐๐ถ๐ผ๐ป-๐ฏ๐ฎ๐๐ฒ๐ฑ ๐ฝ๐ฟ๐ถ๐ฐ๐ถ๐ป๐ด ๐บ๐ผ๐ฑ๐ฒ๐น) ๐ข๐ณ๐ณ๐ฒ๐ฟ๐ฒ๐ฑ ๐ฏ๐ ๐๐น๐น๐ถ๐ฒ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต:
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๐ง๐ฟ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐ ๐ถ๐ป ๐๐ฒ๐ฎ๐น๐๐ต๐ฐ๐ฎ๐ฟ๐ฒ ๐๐ป๐ฑ๐๐๐๐ฟ๐ (๐๐ผ๐ผ๐ธ ๐ก๐ผ๐ ๐๐ถ๐๐ต ๐ญ๐ฌ% ๐๐ถ๐๐ฐ๐ผ๐๐ป๐):
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
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1 https://www.alliedmarketresearch.com/lamea-ivd-market
2 https://www.alliedmarketresearch.com/vaccines-market
3 https://www.alliedmarketresearch.com/insomnia-market