In terms of revenue, the global diagnostic reagents market was valued at US$ 45.8 Bn in 2021, projected to grow at an estimated CAGR of 8% over the forecast period. 7In order to treat any disease, its root cause has to be found first. This can be done by studying symptoms or with the help of specific procedure and this is known as diagnosis. Diagnosis is extremely part of any treatment. Diagnostic reagents are proving extremely helpful in the treatment of various diseases. Diagnostic reagents mainly happen to be those medical reagents that are acquired with the help processes or principles of molecular biology, microbiology and immunology are used in vitro for the purpose of epidemiological investigation and diagnosis detection of any ailment associated with humans. Majorly, the diagnostic reagents are segregated into in vivo diagnostic reagents and in vitro diagnostic reagents. The diagnostic reagents market is aggressively growing owing to various factors.
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Unlike several other markets, the diagnostic reagents market emerged highly profitable in the times of the coronavirus pandemic. As understanding the severity of the highly infectious virus was a daunting task, the diagnostic reagents proved incredibly helpful in this. This market made more money during the pandemic as the demand for diagnostic reagents spiked significantly.
One of the major factors that has been driving the growth of the diagnostic reagents market is surge in the demand for advanced diagnosis of infectious and chronic diseases. On the other hand, the diagnostic reagents market is forecasted to face hindrance in the form of growing concerns related to the quality of diagnostic reagents. Lack of quality standards, or different regulatory authorities across different countries drags back this market’s growth. Meanwhile, the diagnostic reagents market is expected to witness tremendous growth over the period of next few years. This would be majorly because of rise in demand for advanced reagents for different type of diseases.
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By End Users, Research centers and laboratories segment will witness growth at fastest rate for the diagnostic reagents market in 2022
Innovation is key for the overall growth of the planet and this also applies to this market. Rising research activities across various countries in order to find more effective reagents is the reason why this segment will make more money over the period of forecast.
Asia Pacific Region to witness fastest growth for this market Over the Forecast Period (2022 – 2030) in the diagnostic reagents market
Rising prevalence of chronic and infectious diseases in densely populated countries like China and India, along with rapidly developing healthcare infrastructure helps the market grow in the region. Also the governments are heavily investing in order to find effective ways of diagnosis, helps this market’s growth.
Some of the major players operating in the Diagnostic Reagents market are listed below:
- Agappe Diagnostics Ltd
- Agilent Technologies, Inc.
- BD
- bioMerieux SA
- Calbiotech
- DiaSorin S.p.A
- F. Hoffmann-La Roche Ltd
- Hipro Biotechnology Co. Ltd
- Lanyi Technology Group
- Lifecycle Biotechnologies
- Meriduan Bioscience, Inc.
- Randox Laboratories Ltd
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd
- Siemens Healthcare Private Limited
- Thermo Fisher Scientific, Inc
- Other Market Participants
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Global Diagnostic Reagents Market Segmentation
The global diagnostic reagents market has been segmented by type, application/ test type, end users and region which are further classified into respective countries:
Global Diagnostic Reagents Market Application Type Outlook (Revenue, USD Million, 2015 - 2030)
- In vivo diagnostic
- In vitro diagnostic
- Clinical Biochemical
- Immunodiagnostic reagents
- Molecular Diagnostic
Global Diagnostic Reagents Market Application/ Test Type Outlook (Revenue, USD Million, 2015 - 2030)
- Cardiovascular Test
- Human Fatty Acid Binding Protein Test
- Cardiac Troponin Test
- Homocysteine Test
- Others
- Infection Test
- Renal Function Test
- Hemoglobin A1c Test
- Microalbumin Test
- Cystine Test
- Retinol Binding Protein Test
- Others
- Rheumatism Test
- Rheumatoid Factor Test
- Anti CCP
- Antistreptolysin O Test
- Gastric Function Test
- Pepsinogen I Test
- Pepsinogen II (PGII) Test
- Liver Test
- Prealbumin Blood Test
- Transferrin Blood Test
- Complement 4 Blood Test
- Others
- Hormone Test
- Thyroid Stimulating Hormone protein test
- Total Thyroxine Test
- Human Chorionic Gonadotropin Test
- Others
- Autoimmunity Test
- Immune Globulin A Test
- Immune Globulin M Test
- Immune Globulin E Test
- Others
- Others
Global Diagnostic Reagents Market End User Type Outlook (Revenue, USD Million, 2015 - 2030)
- Hospitals and Clinics
- Research centers and Laboratories
- Others
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Global Diagnostic Reagents Market Regional Outlook (Revenue, USD Million, 2015 - 2030)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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