Mexico In Vitro Diagnostics Market – Size, Outlook, Trends and Forecast (2024

Mexico In Vitro Diagnostics Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

An in-vitro diagnostic is a process where diagnostic tests performed using analytical instruments and reagents on specific samples such as blood, urine, and other body fluids. The samples are gathered from patients or healthy individuals to identify and detect the diseases. The market is valued at USD XX billion in 2017 and is projected to USD XX billion by 2024 at a CAGR of 5.8%.

Mexico In-Vitro Diagnostics Market Share:

IVD plays a vital role in early diagnostics and detection of diseases. The point of care testing segment is holding the most significant share in the market at present.

Mexico In-Vitro Diagnostics Market Size:

North America is the leading one, and Mexico is expected to grow and dominate in forecast due to increasing acceptance of personalised medicine and growing adoption of advanced products and increase in chronic diseases patient pool and technological advancements. Asia-Pacific is expected to have highest CAGR during forecast due to growth in research and increasing investments.

Mexico In-Vitro Diagnostics Market Growth:

The market inclines due to the growth of healthcare expenditure in the emerging

Mexico In Vitro Diagnostics Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

markets, the high demand for advanced testing methods, and rise in global GDP per capita and growing geriatric population are the factors influencing the growth of the market.

Mexico In-Vitro Diagnostics Industry Analysis:

Application, product divide the market, and service, end user and technology. By application, it is categorised into diabetes, cancer, cardiology, autoimmune disease, drug testing, infectious disease, and nephrology. By the end-user market is segmented into hospitals, laboratories, point care testing, patient-care testing and academic industries. By technology, the market is into the immune disease, clinical chemistry, molecular diagnostics, Clinical microbiology, haematology, coagulation, and hemostasis by product the market is categorised into reagents and kits, instruments, consumables and data management services. By reusability, the market is segmented into reusable IVD devices and disposable IVD devices.

Mexico In-Vitro Diagnostics Market Outlook:

In-vitro means study of microorganisms, cells, biological molecules outside their biological context called test tube experiments. These diagnostics use analytical instruments and reagents on specific samples. North America is the leading one in the In-vitro diagnostics market.

Mexico In-Vitro Diagnostics Market Trends:

Danaher signed to acquire Cepheid for $ 4 billion and acquired Phenomenex for $ 700 million to expand in life sciences space. Siemens signed to acquire Mentor Graphics Corporation. Abbott announced that it had completed the acquisition of St. Jude Medical, Inc., the company as a leader in medical device arena.

Mexico In-Vitro Diagnostics Market Research Reports Include:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis through industry value chain analysis, Porter’s five, PESTLE, SWOT analysis, and Y-o-Y analysis.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year–On–Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the merger and acquisition which will have a comparative financial study with significant competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
Identify the latest developments, market shares and strategies that are employed by the major market players, such as
Abbott Laboratories
Danaher
Siemens Healthcare
Becton, Dickinson & Company
Thermo Fisher Scientific

Trends: Danaher signed to

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Mexico In Vitro Diagnostics Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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