Mexico In-Vitro Diagnostics Market - Growth, Trends & Forecast (2017 - 2022)
Mexico’s market for In-Vitro Diagnostics is currently estimated to be worth USD 1.24 billion in the year 2014 and is expected to reach USD 1.61 billion by the end of 2020. The CAGR during this period of the forecast is 5.36%. Currently, North America dominates the global market, with the market yet to reach saturation. Latin America is an emerging market that has scope for growth and can dominate the market in the future. This is due to the rising of chronic disease patient pool and technological advances in the field of diagnostics. This escalation is developing the need to analyze, review and forecast the growth of the In-Vitro Diagnostics market. Mexico In-Vitro Diagnostics Market-Market Dynamics The report details several factors driving and restraining the growth of the market. Some of these are discussed below. Drivers Some of the factors contributing to the growth of market are: Rapid increase in the chronic & infectious disease population Technological advances Rapidly aging population Advent of point of care diagnostics Restraints Some of the factors limiting the growth of the market are a lack of proper reimbursement policies and stringent regulatory framework. The report studies in detail the market for different In-Vitro Diagnostic techniques, which include clinical chemistry, hematology, immunoassays, point of care diagnostics, molecular diagnostics and coagulation. The products sector includes instruments, reagents, and data management systems. Molecular diagnostics currently dominate the global market and are expected to dominate it in the near future also. What the Report Offers Market analysis for Mexico’s In-Vitro Diagnostics market, with region-specific assessments and competition analysis on the global and regional scale. Market definition along with the identification of key drivers and restraints. Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their market share for the next five years. Identification and analysis of the macro and micro factors that affect the market on both global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information. A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market. Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped. The various applications of In-Vitro Diagnostics have been discussed in detail, in addition to a comprehensive overview of the market.