About Diagnostic Reagents
Diagnostic reagents are a medical device that is that includes reagents, calibrators, instruments, and systems used in the diagnosis of a disease or other conditions, including a determination of the state of health, in order to prevent disease. Such products can be used independently or can used in combination with other instruments, facilities or systems. Diagnostic reagents play the main role in medical labs, as they help to produce test results through diagnostic testing assays. Diagnostic reagents can be used to generate accurate and precise patient test results whether they are chemical, or biochemical in design.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Diagnostic Reagents market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Lifecycle Biotechnologies (United States), Pointe Scientific, Inc. (United States), Abbott Laboratories (United States), Agilent Technologies (United States), Becton, Dickinson and Company (United States), Danaher Corporation (United States), Hologic (United States), Illumina (United States), Qiagen (Germany), Roche Diagnostics (Switzerland), Siemens AG (Germany), Thermo Fisher Scientific (United States) and BioMerieux (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Diasorin (Italy) and Grifols (Spain).
Segmentation Overview
AMA Research has segmented the market of Global Diagnostic Reagents market by Type (Reagents & Kits, Instruments and Others), Application (Infectious Diseases [HIV, HAIs, HPV, TB], Oncology [Breast Cancer, Lung Cancer, Colorectal Cancer], Genetic Tests and Other) and Region.
On the basis of geography, the market of Diagnostic Reagents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Polymerase Chain Reaction (PCR) will boost the Diagnostic Reagents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Users, the sub-segment i.e. Hospitals & Clinics will boost the Diagnostic Reagents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Molecular Techniques
Market Growth Drivers:
Increasing Incidence of Infectious Diseases and Various Types of Cancers and Rising Acceptance of Personalized Medicine and Companion Diagnostics
Challenges:
Shortage of Trained Professionals for Use of New Molecular Diagnostic Technologies
Restraints:
Complex Regulatory Frameworks and Delay in the Approval of New Molecular Diagnostic Tests
Opportunities:
Developments in Genomics and Proteomics
Market Leaders and their expansionary development strategies
On September 16, 2019 - Abbott and Sanofi are partnering to integrate glucose sensing and insulin delivery technologies that would help to further simplify how people with diabetes manage their condition. The two companies will take an innovative approach to connected care by developing tools that combine the revolutionary FreeStyle Libre technology with Sanofi′s insulin dosing information for future smart pens, insulin titration apps, and cloud software. and On March 19, 2019 - Baxter International Inc., a global leader in acute care, and bioMérieux, a world leader in the field of in vitro diagnostics, has announced an agreement to develop future biomarkers with the goal to rapidly identify and inform the treatment of acute kidney injury (AKI).
In March 2022, Healthcare company Mylab Discovery Solutions has announced its plans to launch an entire range of routine diagnostic kits and devices in conventional and POCT format. It will include the devices and kits for three major sub-segments of the market immunology, biochemistry and haematology.
Key Target Audience
Manufacturers of Diagnostic Reagents, Wholesalers, Distributors and Retailers of Diagnostic Reagents, Healthcare Industry, Research Institutes, Reference Laboratories and Diagnostics Suppliers
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.