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India Is The World’s Fastest-Growing Market For In-Vitro Diagnostics

(July 09, 2018)

The Indian market for equipment used for laboratory tests to detect disease is growing at a remarkable 8.6% year on year, a report from The Business Research Company shows, just ahead of China where the market’s annual increase is 8.5%. The USA and Australia are the only two developed countries where growth even approaches these figures – the USA’s is 5.3% and Australia’s 4.4%. No Western European country is seeing growth above 3%.

India’s market for in-vitro diagnostics was worth $2.1 billion in 2017. It is the world’s fifth largest, but will soon overtake Japan’s and be in fourth place. The USA, with 21% of the total, and China, with 16% are the world’s two largest. Germany is in third place, with 4.3% of the global total. Boosted by India, and especially China, Asia Pacific is both the largest and the fastest-growing region for this market.

Download a sample of the In-Vitro Diagnostics Global Market Report 2018:



https://www.thebusinessresearchcompany.com/sample.aspx?id=235&type=smp

Point-of-care diagnostics are the largest segment of the global in-vitro diagnostic equipment market, accounting for 34% of the total in 2017. Demand for these devices is buoyant as they provide rapid results, are cost effective and have advanced diagnosis features for patients. The number of patients seeking treatments at local physician offices, retail clinics and in patients’ homes are increasing, thus boosting the demand for point-of-care testing devices. Companies in this market are focusing on developing more user friendly, reliable and efficient point of care devices. For instance, in July 2016, Spartan Bioscience introduced Spartan Cube, the world's smallest DNA-testing system that enables anybody to quickly perform DNA testing.  Philips also launched a new handheld blood test, Handheld Minicare I-20 system used for diagnosing heart attacks in emergency departments which provide results within 10 minutes.

The in-vitro diagnostic equipment market is highly concentrated: the top five competitors made up over 80% of the total market in 2017. Despite this, further consolidation is under way. Merger and acquisition activity in the in-vitro diagnostic market in the last 3 years has been at a high level. Roche, Thermo Fisher Scientific, Grifols, Carlyle and Beckman Coulter are among companies in the industry that have completed deals in the last three years.

Where To Learn More

Read the Medical Equipment Global Market Report 2018 from The Business Research Company for information on the following:

Markets Covered: Medical equipment, healthcare market, in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices

Medical Equipment Market Companies Covered: Medtronic Plc., Johnson & Johnson, Siemens AG, Abbott Laboratories, Koninklijke Philips NV, General Electric Company, Danaher Corporation, Becton, Dickinson and Company, Baxter International Inc., 3M Company

Regions: North America, Asia Pacific, Western Europe, South America, Eastern Europe, Middle East, Africa.

Countries: USA, China, UK, Japan, France, Germany, Australia, India, Spain, Russia, Italy, Brazil

Time Series: Five years historic (2013-17) and forecast (2017-21).

Data Segmentations: Medical equipment market historic and forecast size and growth rates for the world, 7 regions and 12 countries, medical equipment market segmentation by type (in-vitro diagnostics, cardiovascular devices, diagnostic equipment, orthopedic devices, hospital supplies, ophthalmic devices, nephrology & urology devices, patient monitoring devices, anesthesia and respiratory devices, dental equipment and supplies, wound care devices, diabetes care devices, surgical equipment, ENT devices, neurology devices) market shares, historic and forecast size and growth rates for the world, 7 regions and 12 countries, global competitor sales and market shares.  

Healthcare market segment shares for the world, 7 regions and 12 countries, healthcare market historic and forecast size and growth rates for the world, 7 regions and 12 countries

Other Data: Per capita average medical equipment expenditure, global and by country, medical equipment market size as a percentage of GDP, global and by country; global number of medical equipment enterprises for 2017, average medical equipment market revenue per enterprise for 2017, global number of employees in the medical equipment industry for 2017, and average revenues per employee in the medical equipment industry for 2017- by country

Other Information: Drivers and restraints of the global medical equipment market, PESTEL analysis, medical equipment market customer information, company profiles including products, strategy and financial performance for 5 medical equipment companies, medical equipment market trends and strategies, medical equipment market key mergers and acquisitions

Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes. Sources include primary as well as extensive secondary research.

Number of Figures in the report: 141

Number of Tables in the report: 145

Interested to know more? Here is a report similar to “Medical Equipment Global Market Report 2018”:

Pharmaceutical Drugs Global Market Report 2018

Table of Contents For The Medical Equipment Market Global Report 2018

Table of Contents................................................................................................................................................. 2

List of Figures...................................................................................................................................................... 26

List of Tables....................................................................................................................................................... 30

1. Medical Equipment Market Characteristics................................................................................................... 34

2. Medical Equipment Market Size And Growth................................................................................................ 36

2.1 Historic Market Growth, Value ($ Billion)................................................................................................. 36

2.1.1 Drivers Of The Market........................................................................................................................ 37

Aging Populations........................................................................................................................................ 37

Emerging Markets Growth.......................................................................................................................... 37

Low Interest Rate Environment.................................................................................................................. 37

Falling Oil Prices.......................................................................................................................................... 37

2.1.2 Restraints On The Market.................................................................................................................. 37

Government Regulations............................................................................................................................ 37

Weak Wage Growth in Developed Economies........................................................................................... 37

2.2 Forecast Market Growth, Value ($ Billion)............................................................................................... 38

2.2.1 Drivers Of The Market........................................................................................................................ 39

Economic Growth........................................................................................................................................ 39

Technology.................................................................................................................................................. 39

Changes in Lifestyles................................................................................................................................... 39

2.2.2 Restraints On The Market.................................................................................................................. 39

Interest Rate Increases................................................................................................................................ 39

Reduction In Free Trade.............................................................................................................................. 39

3. Medical Equipment Trends And Strategies.................................................................................................... 40

Self-Diagnosis/Treatment is Increasing....................................................................................................... 40

Technology and Analytics in Patient Care................................................................................................... 40

Wearables and Mobile Applications........................................................................................................... 40

Shift to Service Contracts............................................................................................................................ 40

4. Pestle Analysis................................................................................................................................................ 41

4.1 Political...................................................................................................................................................... 42

4.2 Economic................................................................................................................................................... 42

4.3 Social......................................................................................................................................................... 42

4.4 Technological............................................................................................................................................ 43

4.5 Legal.......................................................................................................................................................... 43

4.6 Environmental........................................................................................................................................... 44

5. Medical Equipment Market Customer Information....................................................................................... 45

6. Medical Equipment Market Regional And Country Analysis.......................................................................... 47

6.1 Global Medical Equipment Market, 2017, By Region, Value ($ Billion)................................................... 47

6.2 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, By Region............................... 49

6.3 Global Medical Equipment Market, Growth And Market Share Comparison, By Region........................ 50

6.4 Global Medical Equipment Market, 2017, By Country, Value ($ Billion)................................................. 51

6.5 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, By Country............................. 53

6.6 Global Medical Equipment Market, Growth And Market Share Comparison, By Country...................... 55

7. Medical Equipment Market Segmentation.................................................................................................... 56

7.1 Global Medical Equipment Market, 2017, Segmentation By Type, Value ($ Billion)............................... 56

In-Vitro Diagnostics..................................................................................................................................... 57

Cardiovascular Devices................................................................................................................................ 57

Diagnostic Equipment................................................................................................................................. 57

Orthopedic Devices..................................................................................................................................... 58

Hospital Supplies......................................................................................................................................... 58

Ophthalmic Devices..................................................................................................................................... 58

Nephrology and Urology Devices................................................................................................................ 58

Patient Monitoring Devices......................................................................................................................... 58

Anesthesia and Respiratory Devices........................................................................................................... 58

Dental Equipment And Supplies.................................................................................................................. 58

Wound Care Devices................................................................................................................................... 58

Diabetes Care Devices................................................................................................................................. 58

Surgical Equipment...................................................................................................................................... 58

ENT Devices................................................................................................................................................. 58

Neurology Devices....................................................................................................................................... 58

7.2 Global Medical Equipment Market, 2013 - 2021, Historic And Forecast, Segmentation By Type, Value ($ Billion)............................................................................................................................................................. 59

Hospital Supplies......................................................................................................................................... 60

Patient Monitoring Devices......................................................................................................................... 60

Ophthalmic Devices..................................................................................................................................... 60

Dental Equipment and Supplies.................................................................................................................. 60

Diagnostic Equipment................................................................................................................................. 60

Diabetes Care Devices................................................................................................................................. 60

Neurology Devices....................................................................................................................................... 61

Nephrology & Urology Devices................................................................................................................... 61

Cardiovascular Devices................................................................................................................................ 61

Surgical Equipment...................................................................................................................................... 61

In-Vitro Diagnostics..................................................................................................................................... 61

Orthopedic Devices..................................................................................................................................... 61

Wound Care Devices................................................................................................................................... 61

ENT Devices................................................................................................................................................. 61

Anesthesia and Respiratory Devices........................................................................................................... 61

8. Medical Equipment Market Segments and Sub-segments............................................................................ 62

8.1 In-Vitro Diagnostics................................................................................................................................... 62

a) Market Characteristics............................................................................................................................ 62

b) Market Trends & Strategies.................................................................................................................... 64

c) Global In-Vitro Diagnostics Market, 2017, By Sub-segment, Value ($ Billion)........................................ 65

Point-of-Care Diagnostics............................................................................................................................ 66

Immunochemistry....................................................................................................................................... 66

Clinical Chemistry........................................................................................................................................ 66

Molecular Diagnostics................................................................................................................................. 66

Microbiology............................................................................................................................................... 66

Hemostasis.................................................................................................................................................. 66

Hematology................................................................................................................................................. 66

Immunohematology.................................................................................................................................... 66

d) Global In-Vitro Diagnostics Market, 2013 - 2021, Historic And Forecast, By Sub-segment................... 67

8.2 Cardiovascular Devices............................................................................................................................. 69

a) Market Characteristics............................................................................................................................ 69

b) Market Trends & Strategies.................................................................................................................... 71

Technological Innovations........................................................................................................................... 71

Increasing Demand for Minimally-Invasive Cardiac Surgeries.................................................................... 71

Wearable Technology.................................................................................................................................. 71

Growing Demand For Total Artificial Heart (TAH)...................................................................................... 72

3-D Printed Heart Replica............................................................................................................................ 72

c) Global Cardiovascular Devices Market, 2017, By Sub-segment, Value ($ Billion).................................. 73

Cardiovascular Surgery Devices.................................................................................................................. 74

Cardiac Rhythm Management (CRM) Devices............................................................................................ 74

Interventional Cardiology Devices.............................................................................................................. 74

Defibrillator Devices.................................................................................................................................... 74

Peripheral Vascular Devices........................................................................................................................ 74

Prosthetic Heart Valve Device..................................................................................................................... 74

Electrophysiology Devices........................................................................................................................... 74

Cardiac Assist Devices................................................................................................................................. 74

d) Global Cardiovascular Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............. 75

8.3 Diagnostic Equipment............................................................................................................................... 77

a) Market Characteristics............................................................................................................................ 77

b) Market Trends & Strategies.................................................................................................................... 80

Increasing Demand For Portable Diagnostic Equipment............................................................................ 80

Strategic Collaborations And Agreements.................................................................................................. 80

New Product Launches................................................................................................................................ 80

c) Global Diagnostic Equipment Market, 2017, By Sub-segment, Value ($ Billion).................................... 81

X-ray Systems.............................................................................................................................................. 82

Ultrasound Systems..................................................................................................................................... 82

Magnetic Resonance Imaging Systems....................................................................................................... 82

Computed Tomography (CT) Scanners....................................................................................................... 82

Cardiovascular Monitoring and Diagnostic Devices.................................................................................... 82

Nuclear Imaging Devices............................................................................................................................. 82

d) Global Diagnostic Equipment Market, 2013 - 2021, Historic And Forecast, By Sub-segment............... 83

8.4 Orthopedic Devices................................................................................................................................... 85

a) Market Characteristics............................................................................................................................ 85

b) Market Trends & Strategies.................................................................................................................... 88

Introduction of Biodegradable Implants..................................................................................................... 88

Development of 3D Printer Implants.......................................................................................................... 88

Advanced Robotic-Assisted Surgery to Perform Complex Surgeries.......................................................... 88

Strategic Initiatives...................................................................................................................................... 89

New Product Launches................................................................................................................................ 89

c) Global Orthopedic Devices Market, 2017, By Sub-segment, Value ($ Billion)........................................ 90

Joint Reconstruction.................................................................................................................................... 91

Spinal Surgery.............................................................................................................................................. 91

Trauma Fixation........................................................................................................................................... 91

Orthobiologics............................................................................................................................................. 91

Arthroscopy................................................................................................................................................. 91

Orthopedic Braces and Support.................................................................................................................. 91

Orthopedic Accessories............................................................................................................................... 91

Orthopedic Prosthetics............................................................................................................................... 91

Craniomaxillofacial (CMF) Devices.............................................................................................................. 91

d) Global Orthopedic Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment................... 92

8.5 Hospital Supplies....................................................................................................................................... 94

a) Market Characteristics............................................................................................................................ 94

b) Market Trends & Strategies.................................................................................................................... 94

Technological Innovations In Hospital Beds................................................................................................ 94

Advances in Patient Mobility Aids............................................................................................................... 95

Disposable Hospital Supplies....................................................................................................................... 95

Transforming Supply Chain......................................................................................................................... 95

c) Global Hospital Supplies Market, 2017, By Sub-segment, Value ($ Billion)............................................ 96

Disposable Hospital Supplies....................................................................................................................... 96

Sterilization equipment and disinfectants.................................................................................................. 97

Mobility Aids And Transportation Equipment............................................................................................ 97

Operating Room Equipment....................................................................................................................... 97

d) Global Hospital Supplies Market, 2013 - 2021, Historic And Forecast, By Sub-segment....................... 97

8.6 Ophthalmic Devices.................................................................................................................................. 99

a) Market Characteristics............................................................................................................................ 99

b) Market Trends & Strategies.................................................................................................................. 100

Emergence Of Robotic-Assisted Eye Surgery............................................................................................ 100

Strategic Investments in R&D.................................................................................................................... 100

Combination Technologies........................................................................................................................ 100

Development of Drug-Dispensing Contact Lens....................................................................................... 101

c) Global Ophthalmic Devices Market, 2017, By Sub-segment, Value ($ Billion)..................................... 102

Vision Care Devices................................................................................................................................... 102

Cataract Surgery Devices........................................................................................................................... 102

Diagnostic And Monitoring Ophthalmic Devices...................................................................................... 103

Diagnostic and Monitoring Ophthalmic Devices....................................................................................... 103

d) Global Ophthalmic Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment................ 103

8.7 Nephrology and Urology Devices........................................................................................................... 105

a) Market Characteristics.......................................................................................................................... 105

b) Market Trends & Strategies.................................................................................................................. 107

Wearable Artificial Kidney......................................................................................................................... 107

Development of Minimally Invasive Treatments...................................................................................... 107

Development of Lithotripters.................................................................................................................... 107

c) Global Nephrology and Urology Devices Market, 2017, By Sub-segment, Value ($ Billion)................ 108

Dialysis Devices......................................................................................................................................... 109

Endoscopy Devices.................................................................................................................................... 109

Benign prostatic Hyperplasia (BPH) Treatment Devices........................................................................... 109

Urinary Incontinence and Pelvic Organ Prolapse Treatment Devices...................................................... 109

Urinary Stone Treatment Devices............................................................................................................. 109

d) Global Nephrology and Urology Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment..................................................................................................................................................... 110

8.8 Patient Monitoring Devices.................................................................................................................... 112

a) Market Characteristics.......................................................................................................................... 112

b) Market Trends & Strategies.................................................................................................................. 114

Customized Multi-parameter Monitors (MPMs)...................................................................................... 114

Medical Body Area Network (MBAN)....................................................................................................... 114

Wearables and Mobile Applications......................................................................................................... 114

High Deal Activities.................................................................................................................................... 114

c) Global Patient Monitoring Devices Market, 2017, By Sub-segment, Value ($ Billion)......................... 115

Fetal And Neonatal Monitoring Devices................................................................................................... 116

Weight Monitoring And Body Temperature Monitoring Devices............................................................. 116

Multiparameter Monitoring Devices........................................................................................................ 116

Cardiac Monitoring Devices...................................................................................................................... 116

Respiratory Monitoring Devices................................................................................................................ 116

Neuromonitoring Devices......................................................................................................................... 116

Hemodynamic Monitoring Devices........................................................................................................... 116

Remote Patient Monitoring Devices......................................................................................................... 116

d) Global Patient Monitoring Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment..... 116

8.9 Dental Equipment And Supplies............................................................................................................. 119

a) Market Characteristics.......................................................................................................................... 119

b) Market Trends & Strategies.................................................................................................................. 121

Development Of 3D Printer Implants........................................................................................................ 121

Advanced Robotic-Assisted Surgery To Perform Complex Dental Surgeries............................................ 121

Growing Demand For Cosmetic Dentistry................................................................................................ 121

c) Global Dental Equipment And Supplies Market, 2017, By Sub-segment, Value ($ Billion).................. 122

General Dental Equipment........................................................................................................................ 122

Dental Surgical Equipment........................................................................................................................ 122

Dental Diagnostic Imaging Equipment...................................................................................................... 123

Therapeutic Dental Equipment................................................................................................................. 123

d) Global Dental Equipment And Supplies Market, 2013 - 2021, Historic And Forecast, By Sub-segment..................................................................................................................................................... 123

8.10 Wound Care Devices............................................................................................................................. 125

a) Market Characteristics.......................................................................................................................... 125

b) Market Trends & Strategies.................................................................................................................. 126

Increasing Demand for Combination Dressing......................................................................................... 126

Growing Demand or Anti-Infective Dressings........................................................................................... 126

New Product Launches.............................................................................................................................. 126

Strategic Mergers and Acquisitions.......................................................................................................... 127

c) Global Wound Care Devices Market, 2017, By Sub-segment, Value ($ Billion).................................... 128

Traditional Adhesive Dressings................................................................................................................. 129

Negative-pressure Wound Therapy (NPWT)............................................................................................. 129

Sutures and Staples................................................................................................................................... 129

Anti-microbial Dressings........................................................................................................................... 129

Non-adherent Dressings............................................................................................................................ 129

Tissue Adhesives, Sealants, and Glues...................................................................................................... 130

Traditional Gauze Dressings...................................................................................................................... 130

Foam Dressings......................................................................................................................................... 130

Hydrocolloids............................................................................................................................................. 130

Bioengineered Skin Substitutes................................................................................................................. 130

Film Dressings............................................................................................................................................ 130

Growth Factors.......................................................................................................................................... 130

Alginate Dressings..................................................................................................................................... 130

Hydrogels................................................................................................................................................... 130

d) Global Wound Care Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............... 131

8.11 Diabetes Care Devices.......................................................................................................................... 134

a) Market Characteristics.......................................................................................................................... 134

b) Market Trends & Strategies.................................................................................................................. 135

Artificial Pancreas...................................................................................................................................... 135

Shift in Traditional Insulin Syringe............................................................................................................. 135

Wearable and Mobile Glucose Monitoring Systems................................................................................. 135

Intelligent Glucose Meters........................................................................................................................ 135

c) Global Diabetes Care Devices Market, 2017, By Sub-segment, Value ($ Billion)................................. 136

Blood Glucose Test Strips.......................................................................................................................... 137

Insulin Pens................................................................................................................................................ 137

Insulin Syringes.......................................................................................................................................... 137

Insulin Pumps and injectors...................................................................................................................... 137

Lancing Devices......................................................................................................................................... 137

Continuous Glucose Monitoring Devices.................................................................................................. 137

Blood Glucose Meters............................................................................................................................... 137

d) Global Diabetes Care Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............. 138

8.12 Surgical Equipment............................................................................................................................... 140

a) Market Characteristics.......................................................................................................................... 140

b) Market Trends & Strategies.................................................................................................................. 141

Modern Electrosurgical Units (ESUs)........................................................................................................ 141

Next Generation Ultrasonic Surgical Devices............................................................................................ 141

Advanced Robotic-assisted Surgery.......................................................................................................... 141

Pay Per Use Model.................................................................................................................................... 142

c) Global Surgical Equipment Market, 2017, By Sub-segment, Value ($ Billion)...................................... 142

Surgical Sutures And Staples..................................................................................................................... 143

Electrosurgical Devices.............................................................................................................................. 143

Handheld Surgical Devices........................................................................................................................ 143

d) Global Surgical Equipment Market, 2013 - 2021, Historic And Forecast, By Sub-segment................. 144

8.13 ENT Devices........................................................................................................................................... 145

a) Market Characteristics.......................................................................................................................... 145

b) Market Trends & Strategies.................................................................................................................. 146

Technological Advancements in Otolaryngology...................................................................................... 146

Customized Hearing Implants or 3D Printing............................................................................................ 146

Minimally Invasive Techniques Using Robotic Instruments..................................................................... 146

c) Global ENT Devices Market, 2017, By Sub-segment, Value ($ Billion).................................................. 147

Hearing Aid Devices................................................................................................................................... 148

Hearing Diagnostic Devices....................................................................................................................... 148

ENT Surgical Devices.................................................................................................................................. 148

Nasal Splints.............................................................................................................................................. 148

Hearing Implants....................................................................................................................................... 148

Voice Prosthesis Devices........................................................................................................................... 148

d) Global ENT Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment............................. 149

8.14 Anesthesia and Respiratory Devices..................................................................................................... 151

a) Market Characteristics.......................................................................................................................... 151

b) Market Trends & Strategies.................................................................................................................. 153

New Product Launches.............................................................................................................................. 153

Portable Sleep Apnea Diagnostic Devices at Home.................................................................................. 153

Increased Adoption of Portable Systems.................................................................................................. 154

c) Global Anesthesia and Respiratory Devices Market, 2017, By Sub-segment, Value ($ Billion)............ 154

Respiratory Devices (Therapeutic and Diagnostic)................................................................................... 155

Anesthesia Machines................................................................................................................................ 155

Anesthesia Disposables............................................................................................................................. 155

Respiratory Monitoring Devices................................................................................................................ 155

Respiratory Disposables............................................................................................................................ 155

d) Global Anesthesia and Respiratory Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment................................................................................................................................................................... 156

8.15 Neurology Devices................................................................................................................................ 158

a) Market Characteristics.......................................................................................................................... 158

b) Market Trends & Strategies.................................................................................................................. 159

Wearable Technology................................................................................................................................ 159

Minimally Invasive Treatments................................................................................................................. 159

Increasing M&A activity............................................................................................................................ 159

c) Global Neurology Devices Market, 2017, By Sub-segment, Value ($ Billion)....................................... 160

Neurostimulation Devices......................................................................................................................... 160

Interventional Neurology Devices............................................................................................................. 160

Neurosurgery Devices............................................................................................................................... 161

Cerebrospinal Fluid (CSF) Management Devices...................................................................................... 161

d) Global Neurology Devices Market, 2013 - 2021, Historic And Forecast, By Sub-segment.................. 161

 

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