Market Trends of Japan In-vitro Diagnostics Industry
This section covers the major market trends shaping the Japan In-vitro Diagnostics Market according to our research experts:
Instruments segment dominates the Japan In-vitro Diagnostics Market
The population of Japan is aging rapidly. The health life expectancy has shown a dramatic increase in recent years. This trend is expected to shift the focus of the medical device industry from treatment to prevention. The IVD instruments are expected to play a major role in this shift. IVD instruments, such as glucose meters, chemical analyzers, clinical chemistry analyzers, hematology analyzers, urine analyzers, and immunochemistry analyzers are expected to find increased applications, with people starting to prefer prevention over treatment. Companies are increasing their R&D expenditures, and are continuously bringing integrated and closed systems to the market, in order to retain their market share. Moreover, outsourcing in instrumentation is increasing gradually instead of in-house instrumentation, owing to increased efficiency, speed, and low operating costs realized, due to the economics of scale. The aforementioned factors are expected to increase the market, during the forecast period.
