IN Vitro Diagnostics (IVD) Market Size & Trends To 2029
Added: (Tue Apr 02 2024)
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The Indonesia IVD Market is expected to reach $1.11 billion by 2029, at a CAGR of 10.6% from 2022 to 2029. The growth of this market is driven by the high prevalence of infectious and chronic diseases and the growing awareness regarding the importance of early disease diagnosis. Furthermore, Indonesias rising health spending and the growing scope for foreign investments are expected to create significant growth opportunities for the players operating in this market. However, the shortage of healthcare professionals and the high prices of advanced IVD products are major challenges for market growth.
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The Indonesia IVD Market is segmented based on Product (Reagent, Assays, and Kits, Instruments/Analyzers, and Software & Services), Technology (Immunoassay, Clinical Chemistry, Diabetes/Glucose Monitoring, Molecular Diagnostics, Hematology, Coagulation & Hemostasis, Urinalysis, Electrolyte Analysis, Other Technologies), Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Other Applications), and End User (Hospital Laboratories, Clinical Laboratories, Home Care/Self-testing, Other End Users). The study also evaluates industry competitors in Indonesia.
Based on product, in 2022, the reagents, assays, and kits segment is expected to account for the largest share of the Indonesia IVD market. The key factors attributed to this segment's large market share are the high adoption of point-of-care tests, the high prevalence of chronic & infectious diseases, and the growing number of new disease-specific kits. The rising incidence rate of various chronic and infectious diseases is the main factor driving the adoption of IVD reagents, assays, and kits. According to the World Bank, in Indonesia, the number of deaths due to NCDs witnessed an increase from 69% in 2010 to 76% of total deaths in 2019.
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Based on technology, the immunoassay segment is expected to account for the largest share of this market in 2022. Factors contributing to the large market share of this segment include the higher preference for immunodiagnostic tests by practitioners due to their high accuracy, inherent specificity, high throughput, high sensitivity, and the emergence of advanced diagnostic immunoassay formats. Furthermore, during the COVID-19 pandemic, rapid testing for the virus was widely adopted by people as well as healthcare professionals. The launch of rapid diagnostic kits for COVID-19 testing, support from organizations such as the WHO, and marketing & sales initiatives by private players increased the adoption of immunodiagnostic kits in the country.
Based on application, in 2022, the infectious diseases segment is expected to account for the largest share of the market. The large market share of this segment can be attributed to the high prevalence of infectious diseases. For instance, According to WHO, the incidence of tuberculosis (per 100000 people) in Indonesia was reported at 301 in 2020. Furthermore, according to the Indonesian Ministry of Health, in 2020, 95,971 cases of dengue fever and 663 corresponding deaths were reported in Indonesia.
Based on end user, the Indonesia IVD market is segmented into hospital laboratories, clinical laboratories, home care/self-testing, and other end users. In 2022, the hospital laboratories segment is expected to account for the largest share of the Indonesia IVD market. The large market share of this segment is attributed to the large capacity of hospitals, high healthcare spending, and the implementation of universal insurance coverage in the country. Hospital capacity in the country continues to increase. For instance, the number of hospital beds increased from 1.04 beds per 1,000 people in 2017 to 1.2 beds per 1,000 people in 2020. Furthermore, a significant increase in health spending after the COVID-19 outbreak was reported for diagnostics, testing & tracing, health equipment, COVID-19 hospital treatment, and financial incentive for healthcare workers.
This research report also analyzes and provides a comprehensive analysis of major distributors of IVD products in Indonesia.
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Key Players
The key players operating in the Indonesia IVD market are F. Hoffman-La Roche Ltd (Switzerland), Thermo Fisher Scientific Inc. (U.S.), Abbott Laboratories (U.S.), Danaher Corporation (U.S.), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Agilent Technologies, Inc. (U.S.), PerkinElmer, Inc. (U.S.), Qiagen N.V. (Netherlands), Siemens Healthineers AG (Germany), and Sysmex Corporation (Japan).
Scope of the Report:
Indonesia In Vitro Diagnostics Market, by Product
Reagents, Assays, and Kits
Analyzers/Instruments
Software & Services
Indonesia In Vitro Diagnostics Market, by Technology
Immunoassay
Clinical Chemistry
Molecular Diagnostics
Hematology
Coagulation & Hemostasis
Electrolyte Analysis
Diabetes/Glucose Monitoring
Urinalysis
Other Technologies
Note: Other technologies comprise clinical microbiology, hybridization, and loop-mediated amplification.
Indonesia In Vitro Diagnostics Market, by Application
Infectious Diseases
Diabetes
Oncology
Cardiology
Other Applications
Note: Other applications comprise endocrinology, toxicology, nephrology, gastroenterology, neonatal, genetic, and neurological disorders.
Indonesia In Vitro Diagnostics Market, by End User
Hospital Laboratories
Clinical Laboratories
o Large/Reference Laboratories
o Medium-sized Laboratories
o Small-sized Laboratories
Home Care/Self Testing
Other End Users
Note: Other end users comprise nursing homes, academic & research institutes, ambulatory care centers, and transfusion laboratories.
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