In Vitro Diagnostics or IVD market report presents the best market and business solutions to Healthcare industry in this rapidly revolutionizing market place to thrive in the market. By taking into account strategic profiling of key players in the Healthcare industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, the report helps businesses improve their strategies to sell goods and services. This In Vitro Diagnostics or IVD Market business report also identifies and analyses the up-and-coming trends along with major drivers, challenges and opportunities in the Healthcare industry.
Key data and information used while preparing this report has been collected from the consistent sources that range from journals, websites, research papers, case studies, and magazines. Healthcare industry can be highly benefited with this In Vitro Diagnostics or IVD market report which brings market and competitive landscape clearly into the focus and help make better decisions. Analysis of major challenges faced currently by the business and the possible future challenges that the business may have to face while operating in this market are also taken into account.
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Increasing use of Point-Of-Care Testing has increased the demand for In Vitro Diagnostics/IVD which will see the estimated value of it rise from USD 63.38 billion in 2018 to an estimated value of USD 101.03 billion by 2026, registering a CAGR of 6% in the forecast period of 2019-2026
Few of the major competitors currently working in the In Vitro Diagnostics (IVD) Market are F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, Danaher, Abbott, Thermo Fisher Scientific Inc, Johnson & Johnson Services Inc., BD, Bio-Rad Laboratories Inc., Sysmex Corporation, bioMérieux SA, DiaSorin, Ortho Clinical Diagnostics, Agilent Technologies Inc., QIAGEN, Bayer AG, Hologic Inc., Cepheid, Diagnostica Stago S.A.S., Leica Biosystems Nussloch GmbH, Quidel Corporation, OraSure Technologies Inc., Beckman Coulter Inc., and ARKRAY Inc.
Market Definition: Global In Vitro Diagnostics/IVD Market
In Vitro Diagnostics are tests that are performed on an individual’s blood/tissue sample. They are used to accurately test and diagnose diseases or any underlying conditions; they also help maintain constant monitoring over the patient’s health. Benefits of these diagnostic tests are that they help identify every individual’s best course of treatment.
Segmentation: Global In Vitro Diagnostics/IVD Market
In Vitro Diagnostics (IVD) Market : By Product & Service
- Reagents & Kits
- Data Management Software
In Vitro Diagnostics (IVD) Market : By Technology
- Clinical Chemistry
- Molecular Diagnostics
- Coagulation & Hemostasis
In Vitro Diagnostics (IVD) Market : By Application
- Infectious Diseases
- Gastrointestinal Diseases
In Vitro Diagnostics (IVD) Market : By End-User
- Large/Reference Laboratories
- Medium-Sized Laboratories
- Small Laboratories
- Point-Of-Care Testing
- Patient Self-Testing
In Vitro Diagnostics (IVD) Market : By Geography
- North America
- South America
- Middle East and Africa
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Key Developments in the Market: In Vitro Diagnostics (IVD) Market
- In April 2018, Roche Diagnostics completed a USD 1.9 billion acquisition of Flatiron Health, that will expand the personalized health data of Roche
- In February 2016, Beckman Coulter Diagnostics released the compact DxH500 hematology system, which would be able to deliver quick and accurate results with just a speck of blood
Market Drivers: In Vitro Diagnostics (IVD) Market
- Increasing acceptance and establishment of Point-Of-Care Testing is expected to drive the market growth
- Growing awareness about the benefits of recognized and personalized medicine for every individual
Market Restraints: In Vitro Diagnostics (IVD) Market
- Constant upgradation in regulations by the authorities is expected to restrain the market growth
- Reimbursement of these diagnostic tests is not completely established yet by the insurance companies which is expected to restrain the market growth
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