iGATE Research has released a report on "Japan In-Vitro Diagnostics (IVD) Market Size, Share, Trends, Major Deals, Company Analysis and Recent Developments – Forecast to 2026"
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Japan In Vitro Diagnostics (IVD) Market – Overview
Japan In Vitro Diagnostics (IVD) market is predicted to exceed US$ 4.4 Billion mark by 2026. With an aging population, technological advances and advent of point of care diagnostics, Japanese IVD market is slated to show substantial growth in the future. Japan represents one of the largest clinical laboratory markets in the Asia–Pacific region, and the fastest growing among the top ten IVD country markets. Japan’s quickly aging population means the country is experiencing an explosion of chronic conditions such as diabetes, heart disease and cancer. All of these conditions can be diagnosed and monitored using IVD products. However, some of the factors limiting the growth of the market are a lack of proper reimbursement policies and stringent regulatory framework.
Japan IVD – Segment Wise Market and Forecast
• On segment basis, Immunoassay and Infectious disease are the leading segment of the Japan IVD market.
• It is projected that the immunoassay market in Japan will surpass US$ 1 Billion mark by 2026.
• Clinical Chemistry holds the 3rd spot in the Japan IVD market.
• Tumor Marker and Hematology segments are competing closely with each other to grab maximum share of the pie.
• Pathology is the fastest growing segment of the Japan in vitro diagnostics market.
• Genetic Testing captures least share of the Japan in vitro diagnostics market.
Japan IVD Market – Company Wise Sales Analysis
• In Japan IVD market, Sysmex Corporation is the leader, followed by Roche Diagnostics.
• It is predicted that Sysmex Corporation will maintain its dominant position throughout the forecasting period.
• Danaher Corporation and Abbott Laboratories are other top two players in the Japan IVD market.
• It is anticipated that biomerieux’s IVD revenue in Japan will increase to nearly US$ 200 Million by 2026.
iGATE RESEARCH report titled “Japan In-Vitro Diagnostics (IVD) Market Size, Share, Trends, Major Deals, Company Analysis and Recent Developments – Forecast to 2026” provides a comprehensive assessment of the fast–evolving, high–growth Japan IVD Market.
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