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Global In-Vitro Diagnostics Packaging Market 2016-2020

Global In-Vitro Diagnostics Packaging Market 2016-2020

Market outlook of the global in-vitro diagnostics packaging market

Technavios market research analyst predicts the global in-vitro diagnostics (IVD) packaging market to grow at a CAGR of around 3% between the period of 2016 and 2020. The prospects for growth in this market are driven by the recent increase in diagnostic services and a rise in the incidence and prevalence of chronic diseases and infections. Additionally, the growing practice of self-testing by patients at home is a noteworthy factor that incites market growth during the forecast period.

The significant market growth observed in emerging countries is the key driver for the growth of this market. In recent times, it has been observed that product manufacturers are focusing on emerging economies, such as Brazil, Russia, India, and China (BRIC), to expand their operations. The improvement of the existing healthcare infrastructure in these countries will result in the augmented demand for IVD packaging during the forecast period.

Product-type segmentation of the in-vitro diagnostics packaging market

Bottles and vials
Tubes
Petri dishes
Closures
In this market study, analysts have estimated the bottles and vials segment to be the highest revenue generating segment during the forecast period. The ability of vials and bottles to withstand high temperatures, chemical shocks, and thermal shocks will result in its augmented adoption during the predicted period.

Geographical segmentation of the in-vitro diagnostics packaging market

Americas
APAC
EMEA
Technavio market research analysts anticipate the Americas to be the largest market for IVD packaging during the forecast period. Rising aging population and an increase in the number of people with chronic and infectious diseases will bolster the demand for diagnostic products and services, which in turn will foster growth in this market during the estimated period.

Competitive landscape and key vendors

The vendors in this market compete in the complex and challenging medical devices industry, which is subject to frequent changes. To succeed in this market, the vendors need to invest in patent protection as it will help them to augment their revenue generating capacity. Furthermore, to establish themselves in this market, the vendors have to focus on improving their distribution networks rather than marketing their products.

The leading vendors in the market are

Bio-Rad
Corning
Greiner Bio-One
Narang Medical
Other prominent vendors in the market include Baidefu, Bellco Glass Crystalgen, Duran Group, Eppendorf, Kimble Chase Life Science, Sarstedt, VITLAB.

Key questions answered in the report include

What will the market size and the growth rate be in 2020
What are the key factors driving the global in-vitro diagnostics packaging market
What are the key market trends impacting the growth of the in-vitro diagnostics packaging
What are the challenges to market growth
Who are the key vendors in this market space
What are the market opportunities and threats faced by the vendors in the global in-vitro diagnostics packaging market
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the in-vitro diagnostics packaging market
Technavio also offers customization on reports based on specific client requirement.

Related reports:

Global Anti-counterfeit Packaging Market 2015-2019
Aseptic Packaging Market in Americas 2015-2019
Global Biopharma Cold Chain Packaging Market 2015-2019


Press Release

Technavio Announces the Publication of its Research Report Global In-Vitro Diagnostics Packaging Market 2016-2020

Technavio recognizes the following companies as the key players in the Global In-Vitro Diagnostics Packaging Market: Bio-Rad, Corning, Greiner Bio-One and Narang Medical

Other Prominent Vendors in the market are: Baidefu, Bellco Glass Crystalgen, Duran Group, Eppendorf, Kimble Chase Life Science, Sarstedt, VITLAB.

Commenting on the report, an analyst from Technavios team said: IVD products packaged as kits with small vials placed in a polystyrene block are shipped in the frozen (on dry ice) or refrigerated (on ice) state. Pressure control is a major concern during shipping through the air, as tiny leaks tend to occur in packed seals. To overcome this problem, special packaging using hermetically sealed foil is required for outer packages, resulting in increased usage of the product.

According to the report, a rise in geriatric population worldwide is driving sales of IVD products and hence the growth of the market. The rising older population around the globe has led to an increase in the incidence and prevalence of chronic conditions. This creates more demand for diagnostic tests, which in turn has resulted in high consumption of IVD consumables.

Further, the report states that a rise in geriatric population worldwide is driving sales of IVD products and hence the growth of the market. The rising older population around the globe has led to an increase in the incidence and prevalence of chronic conditions. This creates more demand for diagnostic tests, which in turn has resulted in high consumption of IVD consumables.

Companies Mentioned

Bio-Rad, Corning, Greiner Bio-One, Narang Medical, Baidefu, Bellco Glass Crystalgen, Duran Group, Eppendorf, Kimble Chase Life Science, Sarstedt, VITLAB.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Overview of global IVD packaging market
    • Market size and forecast
      • Table Global IVD packaging market 2015-2020 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Global IVD packaging market by product type
      • Table Global IVD packaging market by product 2015-2020 ($ billions)
    • Global IVD packaging market by bottles and vials
      • Table Global IVD packaging market by bottles and vials 2015-2020 ($ billions)
    • Global IVD packaging market by tubes
      • Table Global IVD packaging market by tubes 2015-2020 ($ billions)
    • Global IVD packaging market by Petri dishes
      • Table Global IVD packaging market by Petri dishes 2015-2020 ($ billions)
    • Global IVD packaging market by closures
      • Table Global IVD packaging market by closures 2015-2020 ($ billions)
    • Global IVD packaging market by others
      • Table Global IVD packaging market by others 2015-2020 ($ billions)
  • Geographical segmentation
    • Global IVD packaging market by geography
      • Table Global IVD packaging market by geography 2015
      • Table Global IVD packaging market by geography 2015-2020
    • IVD packaging market in Americas
      • Table IVD packaging market in Americas 2015-2020 ($ billions)
    • IVD packaging market in EMEA
      • Table IVD packaging market in EMEA 2015-2020 ($ billions)
    • IVD packaging market in APAC
      • Table IVD packaging market in APAC 2015-2020 ($ billions)
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • Bio-Rad Laboratories
      • Table Bio-Rad Laboratories: Business segmentation by revenue 2014
      • Table Bio-Rad Laboratories: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Bio-Rad Laboratories: Geographical segmentation by revenue 2014
    • Corning
      • Table Corning: Business segmentation by revenue 2014
      • Table Corning: Business segmentation by revenue 2013 and 2014
    • Greiner Bio-One
      • Table Greiner Bio-One: Product segmentation
    • Narang Medical
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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