According to the latest report by Renub Research, titled "Japan In Vitro Diagnostics (IVD) Market, By Diagnostics, Companies, Reimbursements, Porter's Model, Growth Drivers, Opportunities Challenges" Japan is facing the problem of the ageing population as it has a large population of people more than 65 years of age. This means that country is likely to face a rise in prevalence of chronic and infectious diseases. All of these diseases with the help of IVD test, conditions can be detected early, which leads to early intervention, thus improving patient outcomes, saving lives, and the cost of costly late-stage care. Increase in the number of IVD laboratories around Japan is enabling patients to get better diagnostic facilities. According to Renub Research, Japan In Vitro Diagnostic Market is forecasted to be USD 4.43 Billion by 2026.
Besides, growth in adoption of genetic testing, point-of-care testing, molecular diagnostics, Polymerase Chain Reaction (PCR), personalized medicine and Next-Generation Sequencing (NGS) is expected to drive the growth of the in vitro diagnostics industry in Japan during the forecast period. Japan is being considered to have one of the robust clinical laboratories globally.
COVID-19 Impact on Japan IVD Market
The demand for in-vitro diagnostic products is expected to grow in Japan, due to the COVID-19 pandemic is likely to increase due to factors such as growth in consumer demand for PCR, NGS, serology-based rapid-test products, the supportive regulatory environment for drug creation & marketing and a sharp increase in target patient population.
These investments and technology-driven M&A activity pay off. The industry now uses technologies that might not are thought of when the primary edition appeared two decades ago. Their influence is felt in personalized medicine, inherited diseases, pathogen detection, antibiotic resistance testing, blood banking, and far more to come. Yet innovation has gone with challenges, and therefore the industry is additionally subject to regulation, price scrutiny, and value-proving the maximum amount as any a part of the healthcare system and maybe more. IVD testing maybe a 69 billion-dollar market worldwide, as seen during this figure:
Pathology Market is that the Fastest Growing Segment in Japan In Vitro Diagnostics Market
In this report Research has done an in-depth study of 11 segments of Japan In-vitro Diagnostic Market: By Diagnostics (Tumor Marker, Urine & Feces, Clinical Chemistry, Hematology, Self Monitoring of blood sugar (SMBG), Immunology, infectious disease, Microbiology, Pathology, and Genetic Testing). The report gives you comprehensive insight of every segment of In-vitro diagnostic alongside separate growth factors for every segments.
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Market Summary:
By Diagnostics: This research report has covered the market and market share of Self Monitoring of Blood Glucose (SMBG), Tumor Marker, Infectious Disease, Urine & Feces, Hematology, Immunology, Microbiology, Clinical Chemistry, Pathology and Genetic Testing.
By Companies: This research report has covered Company Overview, Recent Development or Strategy, and Revenue analysis for Becton Dickinson, Biomerieux, Abbott Laboratories, Roche Diagnostics, and Danaher Corporation.
Industry Related Opportunity:
China In Vitro Fertilization Market: https://www.renub.com/china-in-vitro-fertilization-market-p.php
France In-Vitro Diagnostics (IVD) Market: https://www.renub.com/france-in-vitro-diagnostics-market-p.php
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