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(MoneyNewsWire.Net, October 09, 2017 ) Latin America In-Vitro diagnostics market has been estimated at USD 7.73 billion in 2016 and is expected to reach 10.29 billion at a Compound Annual Growth Rate (CAGR) of 5.9%. In-Vitro diagnostics can be described as tests that can help in detecting diseases, conditions or infections. Some of these tests are performed in laboratory or healthcare settings while others are for consumers to use at home.
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In-Vitro diagnostics test a sample of tissue or body fluids for microbial cultures or blood glucose. These tests are also used for measuring changes in the liver function, unevenness in calcium levels in the body and electrolyte imbalance in the blood such as sodium, urea, potassium and Creatinine. The end users of In Vitro diagnostics market are generally Laboratories, Hospitals, Academic institutions, Point-of-care testing centers.
Advancements and innovations in the IVD technologies. Rising geriatric population base around the globe, growing prevalence of diabetes are the key factors driving the market growth. Continuously evolving healthcare environment due to increasing awareness about various diseases is expected to drive the In-Vitro diagnostics market in the forecast period. However stringent regulatory policies and unclear reimbursement policies are restraining the growth of the market.
Global market for In-Vitro Diagnostics is segmented on the basis of product, technology and by application. On the basis of product the market is again sub segmented into instruments, reagents and kits, Data management system/software and services. On the basis of technology the in-vitro diagnostics market is sub segmented into Clinical Chemistry, Hematology, immunoassays, Coagulation and Hemostasis, molecular diagnostics, microbiology and other IVD technologies. On the basis of application the market for In-Vitro diagnostics is segmented into Diabetes, Infectious Diseases, Oncology/Cancer, Cardiology, Nephrology, Autoimmune Diseases, Drug testing and HIV
On the basis of geography Latin America market for In-Vitro diagnostics is segmented into Brazil, Argentina and others.
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Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global IVD market. Other companies which account for a significant share in the IVD market are Biomιrieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation and Thermo Fisher Scientific, Inc.
Market Segmentation
1) By Product
Instruments
Reagents and Kits
Software
2) By Technology
Clinical Chemistry
Hematology
Immunoassays
Coagulation and Hemostasis
Molecular Diagnostics
Microbiology
Other IVD technologies
3) By Application
Diabetes
Infectious Diseases
Oncology/Cancer
Cardiology
Nephrology
Autoimmune Diseases
Drug Testing
HIV
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Reasons to buy Latin America for In-Vitro diagnostics Market Research Report:
Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
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Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
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