The Global In-Vitro Diagnostics Market is expected to grow at a CAGR of 6.5% during forecasted period 2017-2023.
Commenting on the report, an analyst from Market Research Future (MRFR)’s team said-
Global In-vitro diagnostics market is expecting lavish growth in the near future. The increasing demand for technologically advanced diagnostic devices and increased investment provides huge growth potential for IVD market. Techniques like polymerase chain reaction, microarray techniques, sequencing technology and mass spectrometry are incorporated in in-vitro diagnostics which are used for test sample preparation.
Inadequate reimbursement and rising healthcare cost are major factor which will restrain the growth of this market.
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On regional basis, global in-vitro diagnostics market is segmented into four major segments namely Americas, Europe, Asia-Pacific and Middle East and Africa. America accounts for the largest market share for global in-vitro diagnostics market. Increasing prevalence of lifestyle and chronic diseases and increasing privatization of health care sector resulting increase in number of private in-vitro diagnostics centers. The US in-vitro diagnostics market has observed stable growth owing to increasing demand for advanced diagnostics products.
Europe is the second largest market followed by Asia Pacific. There is increase in demand of blood-glucose monitors, digital ovulation tests for fertility, and biomarker test to diagnose cardiovascular disease due to increase in obese people. More than 35% of adults are obese in Europe. Increasing expenditure in healthcare and research in European countries will boost the growth of this market.
Asia Pacific is the fastest growing market due to the presence of large number of low budget hospitals and clinics and huge population base in this region.
Middle East and Africa has a limited growth in the market due to lack of awareness among the people and limited development of medical sector.
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The major key players in global in-vitro diagnostics market are Abbott (US). F. Hoffmann-La Roche Ltd (Switzerland), Biomérieux (France), Ortho Clinical Diagnostics (US), Johnson & Johnson (US), Siemens Healthcare GmbH (Germany), Sysmex (japan), Becton Dickinson (US), Thermo Fisher Scientific Inc. (US), Accelerate Diagnostics (US), Hycor Biomedical (US), Diagnostic Biosystems (US), Eurogentec (Belgium), Orgentec Diagnostics (US), Immunarray PVT. LTD (US), Werfen Group (Spain), Danaher Corporation (US), Bio-Rad Laboratories INC (US), Stago Diagnostica (France), Alere Inc (US), and Others.
- Report Prologue
- Research Methodology
- Market Dynamics
- Market Factor Analysis
- Global In-Vitro Diagnostics market by test type
- Global In-Vitro Diagnostics market by technology
- Global In-Vitro Diagnostics market by application
- Global In-Vitro Diagnostics market by end users
- Global In-Vitro Diagnostics market by region
- Competitive Landscape
- Company Profile
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Key questions answered in this report
What will the market size and what will the growth rate be?
What are the key market trends?
What is driving this market?
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 key vendors?
What are the strengths and weaknesses of the key vendors?
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