American In Vitro Diagnostic Market - Latest Trends, Competitive Intelligence & Capability Assessment up to 2025

Stratview Research has launched a research report American In Vitro Diagnostic Market. The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Life Science Reagents Market from 2018 to 2025.

This report is segmented in five ways to provide a 360 degree holistic view. The segments are –
• Central and South America
o By Long Term Growth Forecast
o By Products and Services (2018-2025) (Equipment, Reagents, Services, etc)
o By Technology (2018-2025) (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, etc)
o By Therapeutic Area (2018-2025) (Tropical Diseases, Lifestyle Disease, Neurology, Oncology, etc)
o By End User (2018-2025) (Hospital, Hospital Bed Side, Home Users, Research Labs)
o By Domestic Versus Global Competition
o By Key Export/Import Destinations
• Mexico IVD Market – Long Term Growth Forecast (2018e-2025f)
o By Products & Services (Equipment, Reagents, Services, etc)
o By Technology (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, etc)
o By Therapeutic Area (Tropical Diseases, Lifestyle Disease, Neurology, Oncology, etc)
o By End User (Hospital, Hospital Bed Side, Home Users, Research Labs)
o By Domestic Competition
o By Global Competition
o Are You Planning To Invest in 2019-2020?
• Argentina IVD Market – Long Term Growth Forecast (2018e-2025f)
o By Products & Services (Equipment, Reagents, Services, etc)
o By Technology (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, etc)
o By Therapeutic Area (Tropical Diseases, Lifestyle Disease, Neurology, Oncology, etc)
o By End User (Hospital, Hospital Bed Side, Home Users, Research Labs)
o By Domestic Competition
o By Global Competition
o Are You Planning To Invest in 2019-2020?
• Brazil IVD Market – Long Term Growth Forecast (2018e-2025f)
o By Products & Services (Equipment, Reagents, Services, etc)
o By Technology (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, etc)
o By Therapeutic Area (Tropical Diseases, Lifestyle Disease, Neurology, Oncology, etc)
o By End User (Hospital, Hospital Bed Side, Home Users, Research Labs)
o By Domestic Competition
o By Global Competition
o Are You Planning To Invest in 2019-2020?
• Peru IVD Market – Long Term Growth Forecast (2018e-2025f)
o By Products & Services (Equipment, Reagents, Services, etc)
o By Technology (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, etc)
o By Therapeutic Area (Tropical Diseases, Lifestyle Disease, Neurology, Oncology, etc)
o By End User (Hospital, Hospital Bed Side, Home Users, Research Labs)
o By Domestic Competition
o By Global Competition
o Are You Planning To Invest in 2019-2020?

The report covers comprehensive view of North, Central and South American IVD market in 2018 and gives insights till 2025, considering the growth trends, domestic and global competition, import/ export trends, disease epidemiology, products and services, technologies and the end user pattern. The report gives a 360 overview of the market and a comparative scenario between north, central and southern American IVD market in 2018.

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The biggest IVD market
The North American market is the biggest IVD market, globally and also the biggest consumption market. The San Francisco Bay Area may be often considered as a natural home to well established IVD device leaders responsible for spearheading industry advancements including Bio-Rad, Roche and Thermo Fisher and many other promising startups breaking into the market. Currently it has approximately 30% share of the global market and would exceed the share by 2020, growing at a CAGR of 3.57% from 2019 till 2025.

In North America, some of the most common routine tests that are conducted in laboratories include cholesterol level tests, HIV tests, pap tests, pregnancy tests, tests to detect infectious diseases and substance abuse tests. Clinical lab testing is also used to monitor other diseases and drug treatments. Specialty testing, which is often more expensive than routine tests cover tests in genetics, immunology, oncology, endocrinology, and other segments. The clinical laboratory market is highly competitive with hundreds of providers. North America has presence of some of the major global players in the world that are headquartered in USA.

Convenient Centers are the new IVD Walk-in Clinics in North America
Convenient Centers are the new IVD Walk-in Clinics in North America especially the United States. As per the growing trend in 2017-2018, IVD service providers such as Quest Diagnostics (Quest) and Laboratory Corporation of America (LabCorp) and few other laboratories have been actively promoting patient service centers in grocery stores and retail pharmacies. In 2017, Quest had announced plans to open patient services centers with several retailers, particularly in the states of Texas and Florida. Similarly, LabCorp disclosed an agreement with the Walgreens Boots Alliance.

US is one of the leaders in the market
US is one of the leaders in the market which is moving towards value based model, there are few clinical laboratories in the southwestern United States which are looking at how to prevent early term delivery. The San Francisco Bay Area is home to well-established IVD device leaders responsible for spearheading industry advancements including Bio-Rad, Roche and Thermo Fisher and many other promising startups breaking into the market.

Central and South American IVD market enjoys a little over 3% of the global IVD market share
Compared to North, Central and South American IVD market enjoys a little over 3% of the global IVD market share. Although the market is small, with limited resources and infrastructure, but it offers opportunities in the form of high disease presence (which requires testing), medical tourism (Peru, Brazil, Argentina get high traffic from USA every year). The report from Stratview research also looks at the smaller market in South America such as Peru while including the bigger markets such as Mexico, Argentina and Brazil.

In South America, markets varies depending on the demand from the population, for e.g. In Brazilian IVD market, 77% of the population rely on the public health care system which makes it challenging for the government to expand its services and reduce the exam time. While in Central America, if we consider markets such as Mexico, the scenario is different and we observe them as early adopters of technology. Public laboratories are subsidized by the government and usually acquire molecular diagnostics (MolDx) equipment through reagent rentals rather than outright purchases. This is variable in the private laboratories, but purchasing methods are more dependent on the workload, the type of instrument and the decision makers (typically including the laboratory director and governing board in private laboratories and purchasing departments in public laboratories).

This report studies the global American In Vitro Diagnostic Market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 15 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Research has several high value market reports in the healthcare & life science industry. Please refer to the following link to browse through our reports:
https://www.stratviewresearch.com/market/report/Healthcare-and-Life-Sciences.html

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