APAC Diagnostics Tests Market - Industry Trends and Forecast to 2032

APAC Diagnostics Tests Market - Industry Trends and Forecast to 2032

The Asia-Pacific diagnostic tests market is projected to register a CAGR of 9.5% in the forecast period of 2024 to 2031. The market is expected to reach USD 113,347,264.22 thousand by 2031 from USD 55,766,645.87 thousand in 2023.

Market Segmentation

Asia-Pacific Diagnostic Tests Market, By Type (Routine Tests and Specialized Tests), Component (Services and Products), Technology (Immunoassay-Based, PCR-Based, Next Gen Sequencing, Spectroscopy-Based, Chromatography-Based, Microfluidics, and Others), Mode of Testing (Prescription-Based Testing and OTC Testing), Application (Oncology, Cardiology, Orthopedics, Gastroenterology, Gynecology, Neurology, Odontology, and Others), Sample Type (Blood, Urine, Saliva, Sweat, Hair, and Others), Testing Site (Laboratory Based Testing and At Home Testing), Testing Type (Biochemistry, Hematology, Microbiology, Histopathology, and Others), Age (Geriatric, Adult, and Pediatric), End Users (Hospitals, Diagnostic Center, Ambulatory Surgical Centers (ASCs), Specialty Clinics, Homecare, Blood Banks, Research Labs & Institutes, and Others), Distribution Channel (Direct Tenders, Retail Sales, and Online Sales), Country (China, Japan, India, South Korea, Australia, Malaysia, Singapore, Thailand, Indonesia, Philippines, Vietnam, and rest of Asia-Pacific) - Industry Trends and Forecast to 2031

Overview of the Asia-Pacific Diagnostic Tests Market Dynamics

Drivers
• Increasing prevalence of chronic disease
• Rising number of IVD tests conducted across the globe
Restraints
• High cost of kits
• Non-availability of relevant and unappropriated kits
Opportunities
• Strategic initiatives by the market players
• Expanding business through subsidiaries
Market Players
Some of the major players operating in the Asia-Pacific diagnostic tests market are:
• F. Hoffmann-La Roche Ltd
• Abbott
• Danaher
• Siemens Healthineers AG
• BD
• Thermo Fisher Scientific Inc.
• Bio-Rad Laboratories, Inc.
• EKF Diagnostics
• ACON Laboratories, Inc.

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