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In-vitro Diagnostics (IVD) Market

In-vitro Diagnostics (IVD) Market - Size, Share,
Growth, Outlook, and Opportunity Analysis,
In vitro diagnostics are diagnostic devices and equipment that extract vital information about an
individual or patient after a sequence of tests. Introduction of novel diagnostics test applications on
the backdrop of advancements and innovations in the IVD technologies by various organizations has
resulted in rampant growth of the in vitro diagnostics (IVD) market, which is expected to sustain in the
near future. Diagnoses and tests are precursors to any treatment, which makes in vitro diagnostic
market highly lucrative. However, majority of the tests are remotely performed making their presence
and use unnoticed. Furthermore, increasing elderly population base and rising demand for diagnostic
testing is projected to spur growth of the in vitro diagnostics (IVD) market over the forecast period
(2016–2024). Also, growing prevalence of diabetes has increased the demand for in vitro diagnostic
tests in the recent past, which is further expected to add on to the sales revenue of the in vitro
diagnostic market. In 2014, as per National Diabetes Statistics Report 2014, around 9.3% of the
population in the U.S. suffered from diabetes and around 28.0% were undiagnosed.
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Market Dynamics
Rapid strides made in technology and inclination of healthcare providers towards expanding their
product portfolio is fueling growth of this highly lucrative market, especially in emerging
economies, which are largely untapped. Furthermore, rise in prevalence of infectious disease
globally, especially in Asia Pacific would inadvertently support market growth in the near future.
Major organizations in the in vitro diagnostic market are actively focusing on introducing novel
technologies in the testing and diagnostic segments of molecular biology. Such initiatives are
projected to bring about a rapid shift in the dynamics of in vitro diagnostics (IVD) market, with
Asia Pacific taking on the mantle from North America to emerge as the largest market for in vitro
diagnostics, owing to latest technologies and uninterrupted investment in the health care sector
is expected further to support the growth in in vitro diagnostic market in the near future.
Infectious diseases segment accounted for the highest revenue in the in-vitro
diagnostics market
Among application, infectious diseases segment accounted for the highest revenue in the in-vitro
diagnostics (IVD) market. The segment is expected to grow by 1.5X at a CAGR of 4.4% between
2016 and 2024. The prevalence of infectious diseases has increased considerably over the past
few years. In 2016, morbidity cases in tuberculosis, salmonella and meningococcal disease was
as high as 90,000 in the U.S. These factors have led to increasing demand for IVD from
diagnostic centers, thereby driving growth of the market. As per the Centers for Disease Control
and Prevention (CDC), over 3.9 million patients visited hospital outpatient department for
infectious and parasitic diseases. The demand for IVD is expected to increase, as it is largely
used for the detection of autoimmune disorders and infectious diseases.
Report includes chapters which deeply display the following deliverable about industry :
• In-vitro Diagnostics (IVD) Market Research Objective and Assumption
• In-vitro Diagnostics (IVD) Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• In-vitro Diagnostics (IVD) Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value
Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global In-vitro Diagnostics (IVD) Market, By Regions
• In-vitro Diagnostics (IVD) Market Competition by Manufacturers including Production, Share,
Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• In-vitro Diagnostics (IVD) Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• In-vitro Diagnostics (IVD) Market Manufacturing Cost Analysis including Key Raw Materials and Key
Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning
and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• In-vitro Diagnostics (IVD) Market Forecast including Production, Consumption, Import and Export
Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Key companies covered as a part of this study Roche Diagnostics, Siemens
Healthineers, Abbott Laboratories, Sysmex Corporation, Bio-Rad Laboratories,
bioMérieux, Becton, Dickinson and Company and Danaher Corporation
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Detailed Segmentation:
• Global In Vitro Diagnostics (IVD)
• Clinical Chemistry
• Immunoassay
• Diabetes Testing
• Blood Testing
• Molecular Diagnostics
• Others
• Global In Vitro Diagnostics (IVD)
• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Disorders
• Others
• Global In Vitro Diagnostics (IVD)
• Hospitals
• Laboratories
• Homecare Diagnostics
• Research Institutes
• Others
• Global In Vitro Diagnostics (IVD)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa
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