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Which region will generate highest demand for In Vitro Diagnostic (IVD) Reagent Market by the end of forecast period 2029? – Explores Fact.MR study
In Vitro Diagnostic (IVD) Reagent Market Study Provides Latest Intelligence on Growth in 2021 and BeyondGlobal In Vitro Diagnostic (IVD) Reagent supply-demand continues to be impacted by broader developments in the chemicals sector. The new In Vitro Diagnostic (IVD) Reagent market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2019–2029).
The study tracks In Vitro Diagnostic (IVD) Reagent demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and In Vitro Diagnostic (IVD) Reagent in particular.
How will In Vitro Diagnostic (IVD) Reagent Sales Grow in 2021 and Beyond
The In Vitro Diagnostic (IVD) Reagent industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for In Vitro Diagnostic (IVD) Reagent will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
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)
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading In Vitro Diagnostic (IVD) Reagent companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the In Vitro Diagnostic (IVD) Reagent market include (Reagent market are Biokit, EKF Diagnostic Holdings, Meridian Life Science, Polymed Therapeutics)
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IVD Reagent Market Regional Analysis Includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
East Asia (China, South Korea and Japan)
South Asia & Oceania (India, Thailand, Malaysia, Indonesia, ANZ, Rest of South Asia & Oceania)
Middle East & Africa (GCC Countries, South Africa)
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