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Overview of the medical laboratory market in Nigeria
The global IVD market was valued at $44 billion in the year 2011, growing at a CAGR of 7.8% from
2011 to 2016. The delivery of medical laboratory services in West Africa has witnessed a lot of activity
recently; Most IVD companies have recognized developing countries in West Africa such as Nigeria
and Ghana as growth markets.
Clinical pathology laboratories in West Africa currently operate with little effective regulatory
oversight. Patients are complaining about the problems caused by both misdiagnosis and faulty medical
laboratory test results.
This leaves a huge market opportunity for global companies to make their mark, providing clear policy
and guidelines on the management and leadership of facilities. The introduction of internationally
adopted standards is desperately needed in West Africa along with an international accreditation and
monitoring system.
There is an urgent need for laboratories in Nigeria to be accredited by recognised bodies to ensure that
they meet minimum quality standards
Please click here to receive more information on MEDLAB West Africa
That then allowed further investigation for possible chemical poisoning causes, which are highly
suspected.
The Global market for In-Vitro Diagnostics is expected to reach $81 billion by the end of 2020
growing at a CAGR of around 5.25% from 2014 to 2020. Currently, North America dominates the
global market with the market yet to reach saturation. Asia Pacific is an emerging market and has
scope for growth and can dominate the market in the future. In-vitro diagnostics take place in test
tube or a culture dish or elsewhere outside the living organism. The primary advantage of in-vitro
diagnostics is that it permits an enormous level of simplification of the system under the study so that
the investigator can focus on small number of components.
The Global In-Vitro Diagnostics Market is segmented on the basis of Technique (Clinical Chemistry,
Immunoassays, Point of care diagnostics, Molecular Diagnostics, Hematology, Coagulation and
Microbiology), Type of product (Instruments, Reagents and Data Management Systems), Usability
(Disposable IVD Devices and Reusable IVD Devices), Applications (Infectious diseases, Diabetes,
Oncology, Cardiology, Auto Immune Diseases, Nephrology, Drug Testing, HIV/AIDS and Others),
End user (Laboratory, Academics, Hospitals, Point of Care testing and Others) and Region (North
America, Europe, Asia Pacific and Rest of the World.
Drivers
Huge demand of technologically advanced equipment for early and precise diagnosis of diseases,
widespread healthcare awareness, rise in the use of minimally invasive & point of care techniques
for diagnosis and rapid increase in the incidences of chronic and infectious diseases are some of the
factors propelling the market growth.
Challenges
Lack of proper reimbursement policies and stringent regulatory framework are hindering the growth
of the market.
What the report offers:
Market Definition for the specified topic along with identification of key drivers and
restraints for the market.
Market analysis for the Global In-Vitro Diagnostics Market, with region specific
assessments and competition analysis on a global and regional scale.
Identification and analysis of the Macro and Micro factors that affect the Global In-Vitro
Diagnostics 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.
http://www.informantblog.com/2015/09/causes-of-declining-state-of-nigeria-health-sector-andhospitals-by-tobi-tosin-olaboyede.html
Quack doctors
The root pest to the sector, could be the figured
ethos of those acclaimed specialists nursing the
nation's hospitals.
hospitals
vacancies
have
been
fairly
exceptional. Till date, the chances of job for a
MBBS holder (almost after graduation) could be put
around 70 percent, a far projecting figure above
the other graduate job opportunities. Whereas,
medicine is also one of the most lucrative job
among the other white collar jobs.
which
privilege
Nigerians
patronises
those
oversea's hospitals could be brassy to the local
health sector.