(PharmaNewsWire.Com, June 07, 2017 ) According to the report Global In-Vitro Diagnostics Market, published by Market Data Forecast, the global market is projected to reach USD 78.07 billion by 2020, at a CAGR of 5.6% from 2016 to 2021.
In-Vitro diagnostics test a sample of tissue or body fluids for microbial cultures or blood glucose. They are also used for testing changes in the liver function, imbalance in calcium levels in the body and electrolytes in the blood such as sodium, urea, potassium and Creatinine.
In-Vitro diagnostics can be described as tests that can help in detecting diseases, conditions or infections. Some of these tests are performed in laboratory or healthcare settings while other tests are for consumers to use at home. Global In-Vitro Diagnostics market is expected to witness faster growth owing to advancements and innovations in the IVD technologies. The end users of In Vitro diagnostics market are generally Laboratories, Hospitals, Academic institutions, Point-of-care testing centers. There are around 40,000 IVD products available in the market assisting patients and specialists on a wide range of conditions
The factors affecting the Global Market for In-Vitro Diagnostics Market, either positively or negatively are presented in the DROC analysis. Some of the things discussed in the section are Rising geriatric population base, growing prevalence of diabetes. Increasing recognition of the diabetics role in the patient care and rapidly evolving healthcare environment due to growing awareness about various diseases are expected to drive the In-Vitro market in the forecast period. However stringent regulatory policies and unclear reimbursement policies are restraining the growth of the market.
For granular level understanding the In-Vitro Diagnostics Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segment. By Product: Reagents and Kits Software
By Technology: Clinical Chemistry Hematology Immunoassays Coagulation and Hemostasis Molecular Diagnostics Microbiology Other IVD technologies
By Application: Diabetes Infectious Diseases Oncology/Cancer Cardiology Nephrology Autoimmune Diseases Drug Testing HIV
On the basis of geography global market for In-Vitro diagnostics is segmented into North America, Asia-Pacific, Europe, Latin America and Middle-East & Africa. North America Is the largest market for In-Vitro diagnostics accounting for a share of around 37% owing to growing prevalence of chronic diseases such as cancer and respiratory diseases in the region while Asia-Pacific is estimated to be the fastest growing segment with a CAGR of 6.4%.For more of regional analysis check out the following reports. North America In-Vitro Diagnostics Market Europe In-Vitro Diagnostics Market Asia-Pacific In-Vitro Diagnostics Market Latin America In-Vitro Diagnostics Market Middle East and Africa In-Vitro Diagnostics Market
Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global IVD market. Other companies which account for a significant share in the IVD market are Biomιrieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation and Thermo Fisher Scientific, Inc
The In-Vitro Diagnostics Market study offers the following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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