Posted in Healthcare and Medical by market research Executive Summary Stem cell research and experimentation has been in process for well over five decades, as stem cells have the unique ability to divide and replicate repeatedly. The possibilities arising from these characteristics has caused great commercial interest, with potential applications ranging from the use of stem cells in reversal or treatment of disease, to targeted cell therapy, tissue regeneration, pharmacological testing on cell-specific tissues, and more. Traditionally, scientists have worked with both embryonic and adult stem cells as research tools. While the appeal of embryonic cells has been their ability to differentiate into any type of cell, there has been significant ethical, moral and spiritual controversy surrounding their use for research purposes.
It is expected to expand at a CAGR of 6. IVD devices enable early detection of cancer, infectious diseases, and genetic disorders by using genetic technologies and has applications in detection of abnormalities in the prenatal stage. Molecular diagnosis is evolving to help healthcare professionals in detecting various diseases that could possibly turn into severe social and economic burden later.
Growing prevalence of various types of chronic diseases is one of the key trends escalating market growth.
These factors raise the demand for diagnostic services to monitor health, which in turn is stoking the growth of the market. Aging is considered as the greatest risk factor for development of diseases such as cardiovascular and neurological disorders.
Therefore, widening base of geriatric population is estimated to augment the market over the forecast period. Rapid technological advancements in terms of cost-effectiveness, portability, and accuracy are anticipated to drive the market.
Moreover, usage of real-time polymerase chain reaction qPCR is one of the fastest growing application segments of the IVD infectious disease market. Some of the major factors accounting for increase in demand for point-of-care healthcare facilities are government support, technological advancements, rising end-user awareness, and implementation of waived tests under clinical laboratory improvement amendments.
Miniaturization of nano-biotechnology, biochips, and microfluidics is likely to increase the demand for point-of-care products. These improvements have increased the access to diagnostic Jsb market research global in vitro near patient site and are projected to help in rendering quick and effective test results.
Product Insights Reagents dominated the overall market in terms of revenue inmajorly owing to their high usage. These instruments are specially used for detection and analysis of blood samples for infection causing microorganisms.
Reagents such as protein biomarker specific antibodies, washing buffer, and fluorescent tags are used during immunochemistry assays. Primers and fluorescent-labeled nucleotides are primary and most frequently used reagents during molecular diagnostic techniques.
Application Insights The infectious disease segment dominated the overall market in in terms of revenue owing to mounting cases of infectious diseases such as HIV, tuberculosis, and pneumonia.
Cancer, on the other hand, is anticipated to be the fastest growing application segment. According to the National Cancer Institute, 1,new cases of cancer are likely to be diagnosed in the U. The market is driven by various factors such as surging demand for point-of-care diagnostics and self-care devices for the treatment of target diseases.
Technology Insights On the basis of technology, clinical chemistry held the leading share in the market. The dominance of the segment can be attributed to high demand for test strips and reagents for urinalysis. Furthermore, molecular diagnostic is likely to be the fastest growing segment.
Automation is being increasingly incorporated in clinical testing and the trend is projected to gain greater momentum in the coming years. This is poised to support the growth of the segment. Availability of easy-to-use portable devices facilitates self-testing, which is expected to foster market growth.
End-use Insights IVD services are used by hospitals, laboratories, and directly by patients. Hospitals were one of the most prominent end users in the in vitro diagnostics market in The growth of the segment can be attributed to increasing number of hospitals across the globe along with easy accessibility to them.
On the other hand, the homecare segment is estimated to be the fastest growing segment over the forecast period, owing to increasing advancements in homecare settings and growing geriatric population. Regional Insights North America was the most prominent regional market in terms of revenue in Rising prevalence of chronic disorders such as respiratory diseases and cancer is the primary growth stimulant of the market in the region.
Europe represented the second largest market in and is expected to register significant growth over the coming years due to growing incidence rate of tuberculosis, cancer, and pneumonia in future. Asia Pacific is estimated to be the fastest growing region over the forecast period.
Rising per capita healthcare expenditure, government initiatives, and growing clinical research activities for advanced diagnostics are anticipated to supplement the growth of the regional market over the forecast period.
The players are offering various solutions in the form of instruments, reagents, and services.Posts about Market Analysis written by market research.
The global injectable drug delivery technologies market was valued at $ billion in , and is expected to reach $ billion by at a CAGR of % from to Injectable drug delivery technologies are the combination of two major segments; devices and formulations.
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In-vitro fertilization is a type of assisted reproductive technology that helps women in conceiving.
The global IVF market was valued at $ billion in and is expected to grow up to $ billion by IP Video Surveillance and VSaaS Market (Technologies, Applications, Services, Geography) - Industry Analysis, Trends, Share, Opportunities and Forecast, - Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online.
Easily share your publications and get them in front of Issuu’s. In-vitro fertilization is a type of assisted reproductive technology that helps women in conceiving. The global IVF market was valued at $ billion in and is expected to grow up to $ billion by