Diagnostic tests market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.8% in the forecast period of 2020 to 2027 and is expected to reach USD 286,081.12 million by 2027 from USD 119,659.21 million in 2019.
Some of the major players operating in this diagnostic tests market are ABBOTT, Danaher, BD, Thermo Fisher Scientific Inc., ACON Laboratories Inc., Hemosure, Inc., , QIAGEN, Grifols, S.A, BODITECH MED INC., Chembio Diagnostic Systems, Inc., DiaSorin S.p.A., Bio-Rad Laboratories, Inc., BIOMEDOMICS INC, EKF Diagnostics Holdings plc and Siemens Healthcare GmbH and, among others.
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Asia-Pacific Diagnostic Tests Market, By Type (Glucose Test, Infectious Diseases Test, Cytology Test, CBC Test, Blood Culture Test, Syphilis Test, Urea Test, C-Reactive Protein Test, Antigen Test, HBA1C Test, Pregnancy Test, Lipid Profile Test, Electrolytes Test, Liver Function Test, Stool Helicobacter Pylori Test, Calcium Test, Crossmatch Test, Thyroid Function Test, Stool Microscopy Test, Urine Microscopy Test, Unit Packed RBCS Test, ESR Test and Others Test), Solutions (Services and Products), Technology (Immunoassay-Based, PCR-Based, Next Gene Sequencing, Spectroscopy-Based, Chromatography-Based, Microfluidics, Substrate Technology and Others), Mode of Testing (Prescription-Based Testing and OTC Testing), Approach (Molecular Diagnostic Instrument, In-Vitro Diagnostic Instrument and Point Of Care Testing Instrument), Sample Type (Urine, Saliva, Blood, Hair, Sweat and Others), Application (Cardiology, Oncology, Neurology, Orthopedics, Gastroenterology, Gynecology, Odontology and Others), Testing Type (Biochemistry, Haematology, Microbiology, Histopathology and Others), Age (Pediatric, Adult and Geriatric), End User (Hospitals, Diagnostic Center, Research Labs & Institutes, Research Institute, Homecare, Blood Banks, Specialty Clinics, Ambulatory Surgical Centers and Others), Distribution Channel (Direct Tenders, Retail Sales and Online Sales), Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam and Rest of Asia-Pacific) Industry Trends & Forecast to 2027
Asia-Pacific Diagnostic Tests Market Drivers & Restraints:
Increase in prevalence of chronic disease, rising number of IVD test across the globe, adequate reimbursement policies, improving diagnosis seeking rate across the globe & extending reach of molecular diagnostics are the major drivers which propelled the demand of the market in the forecast period.
Increase in number of IVD tests across the globe is driving the global diagnostics test market. Due to the high costs of kits, not everyone is able to afford the kits and specifically in the developing nations thus hampering the growth.
Major players are operating the business through expanding the subsidiaries across the regions which is acting as an opportunity for the market. Operational barriers faced in conducting the diagnostic test is one of the major challenge in the diagnostic market
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