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World In-Vitro Diagnostics Market By Product, Industry Growth, Top Key Participants, and Technology Projected To Grow At CAGR Of 5.5% from 2019 To 2024

08-14-2018 02:31 PM CET | Health & Medicine

Press release from: Axiom Market Research & Consulting

In-Vitro Dignostics

In-Vitro Dignostics

Axiom Market Research & Consulting™ added a report on global in-vitro diagnostics (IVD) market. The global in-vitro diagnostics (IVD) market was valued at USD 66.7 billion in 2017, growing at a CAGR of 5.50% for the forecast period 2019 to 2024. The global market is estimated and forecasted in terms of revenue (USD billion) generated by the in-vitro diagnostics (IVD) market. The market was studied for its product types such as instruments, reagents, data management software and services.

Major applications considered for the study are infectious diseases, cancer, cardiology, diabetes, endocrinology, nephrology and others. The key techniques studied in the IVD market are immunoassay, clinical chemistry, microbiology, molecular diagnostics, hematology, coagulation & hemostasis and others. The report covers market share of end users of in-vitro diagnostics market such as, hospitals, clinical laboratories, academic & research institutes, physician offices, patient-self testing and others. The major regions considered for the study were North America, Europe, Asia-Pacific and Rest of the world.

Get a sample copy of report @ https://axiommrc.com/request-for-sample/?report=1131

Growing healthcare reforms and infrastructure in developing countries are driving the market
The global market is driven by factors such as growing healthcare reforms & infrastructure in developing countries and increasing managed healthcare organizations in the developed countries. The rapidly changing healthcare segment with entry of new technique or reagent every single day has elicited the growth of IVD market. Moreover, the changing customer demands, rising incidence of chronic and infectious diseases, increasing importance to preventive check-up and ever-increasing patient population are driving the IVD market globally.

Reagents segment accounted for the largest market share in 2017
Among various product types of IVD, the market for reagents was highest in 2017, followed by instruments and data management software. The reagents used in diagnostic testing assays are one of the most fundamental and critical components necessary for a medical laboratory to properly function.

Buy Now: Global In-Vitro Diagnostics Market Research Report 2019 to 2024

Molecular diagnostics projected to be the fastest growing technique during the forecast period 2019 to 2024
The immunoassay technique dominated the market in 2017. Whereas, the market for molecular diagnostics is projected to be the fastest growing during the forecast period 2019 to 2024. This growth is attributed to rising need for usage of molecular diagnostics technique in diagnosing, increasing number of infectious diseases, as well as chronic diseases like cancer, tumor, and diabetes among others.
High usage of IVD in diagnosis of infectious diseases
Various application studied for the IVD are infectious diseases, cancer/oncology, endocrinology, cardiology, diabetes, nephrology and others. The usage of IVD is very high in infectious diseases followed by diabetes and cancer/oncology.

Well-established healthcare, continuous advancement in reagents and increasing managed care organizations led to the growth of IVD market in North America

In 2017, North Americas dominated the market with the largest market share, followed by Europe and Asia-Pacific. U.S. and Canada have the largest market share in the country-level market in American region. Asia-Pacific is the fastest growing market due to rapidly growing healthcare sector in countries like Japan, China and India.
The market is extensively studied for important countries of key regions such as North America, Europe, Asia Pacific and Rest of the World.

Get More Details about In-Vitro Diagnostics (IVD) Market Report Click Here

The leading players of the global In-Vitro Diagnostics (IVD) market are:
• Abbott Laboratories,
• Alere Inc.,
• bioMérieux,
• Bayer AG,
• Danaher Corporation,
• Johnson & Johnson Inc.,
• Ortho clinical Diagnostics,
• Siemens AG,
• Sysmex Corporation and
• F. Hoffmann La Roche Ltd.
• Among others.

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Axiom Market Research & Consulting, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc.

Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who have worked with leading research firms and delivered number of market research projects globally.

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