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In Vitro Diagnostic (IVD) Reagent Market– Global Upcoming Demand & Growth Analysis 2019 to 2029

02-23-2021 01:48 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

In Vitro Diagnostic (IVD) Reagent Market– Global Upcoming

IVD reagents are used in vitro diagnostic procedures for patient diagnosis, monitoring, and treatment. These products are intended for use in the examination of specimens that are taken from the human body.

It may also be used in various instruments ranging from small, handheld tests to complex laboratory instruments.

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There are three types of in-vitro diagnostic reagents used that include chemical, bio-chemical and immune-chemical. Chemical reagent is the basic IVD reagent used which incorporates dyes, surfactants, buffers, and basic chemicals. Other reagents such as biochemical and immunochemical are complex and incorporate numerous steps and working components.

These find applications in clinical chemistry and special chemistry testing laboratories. IVD reagents market is anticipated to witness higher-single digit growth over the forecast period.

IVD Reagent Market: Segmentation

Based on type, the IVD Reagent Market is segmented as:
Chemical
Bio-chemical
Immunochemical

Based on application, the IVD Reagent Market is segmented as:
Immunoassay
Clinical Chemistry
Molecular Diagnostics
Hematology
Urinalysis
Others

Based on the end-use, the global IVD Reagent Market is segmented as:
Healthcare Institutes
Independent Laboratories
Research Institutes

Based on the region, the IVD Reagent market is segmented as:
North America
Latin America
Europe
East Asia
South Asia & Oceania
Middle East & Africa (MEA)
IVD Reagent Market: Regional Outlook

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Global IVD Reagent market is divided into six regions including Latin America, North America, South Asia & Oceania, Europe, East Asia, and MEA.

Among these regions, North America is surfaced as the prominent region owing to the presence of advanced technology, laboratory automation, increase in usage of molecular diagnostics for cancer screening and genetic disorders, and the presence of leading manufacturers in the region.

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Europe is expected to witness moderate growth due to the stringent government regulations on new and established products and established healthcare systems. East Asia, on the other hand, is expected to witness the highest growth over the forecast period due to the increase in healthcare infrastructure in China, increasing chronic diseases and introduction of several policies for the promotion of IVD procedures by the State Development and Reform Commission, Ministry of Health and the Ministry of Science

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