U.S. In-Vitro Diagnostics Market will grow at 5.57% CAGR During 2018 – 2023 | Top Key Players – Abbott, Johnson & Johnson, Danaher, Thermo Fisher Scientific,, Bio-rad Lab, Alere, Roche

Marketprognosis.com Publish a New Market Research Report On “U.S. In-Vitro Diagnostics Market 2018 - 2023” which contains U.S. key player’s survey information and forecast to 2023.

Overview of the U.S. In-Vitro Diagnostics Market:

The U.S. In-Vitro Diagnostics Market has been estimated to reach USD 13.57 Billion in 2017. The market is expected to register a CAGR of 5.57% during the forecast period 2018 to 2023. Due to increasing incidences of chronic diseases and rapid adoption of point of care testing along with increasing preference for personalized medicine, the In-vitro diagnostics market in United States is expected to lead the global In-vitro diagnostics market in the forecast period.

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According to Centers for Disease Control and Prevention, chronic diseases were the leading cause for death and disability in United States. It also states that, in 2012 there were more than 117 million people or nearly half of all adults who had one or more chronic health condition. As of 2015, chronic diseases were responsible for 7 out of 10 deaths among Americans each year and has also accounted for approximately 86% of the nation’s healthcare costs. This trend of prevalence of chronic diseases is likely to continue in the near future. Since most of the chronic diseases are diagnosed by In-vitro tests, the increasing trend of chronic diseases is expected to drive the United States In-vitro diagnostics market in forecast period.

In addition, increasing government healthcare expenditure along with rapid adoption of point of care testing is also expected to boost the In-vitro diagnostics market in United States.

According to FDA (Food and Drug Administration) in U.S., the In-vitro diagnostics are considered devices, and more specifically as medical devices category. Since, IVDs include products used to collect specimens, or to prepare or examine specimens (e.g., blood, serum, urine, spinal fluid, tissue samples) after they are removed from the human body, maximum precaution is needed to prevent contamination even within the device. The guidelines laid for these devices are to be strictly followed, denial of which may result in product recalls, and thus many companies are reluctant to enter in this market, which is acting as a major restraint for the U.S In-vitro diagnostics market.

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According to FDA (Food and Drug Administration) in U.S., the In-vitro diagnostics are considered devices, and more specifically as medical devices category. Since, IVDs include products used to collect specimens, or to prepare or examine specimens (e.g., blood, serum, urine, spinal fluid, tissue samples) after they are removed from the human body, maximum precaution is needed to prevent contamination even within the device. The guidelines laid for these devices are to be strictly followed, denial of which may result in product recalls, and thus many companies are reluctant to enter in this market, which is acting as a major restraint for the U.S In-vitro diagnostics market.

Major Key Players:

1 Abbott Laboratories, Inc.

2 Johnson & Johnson

3 Becton, Dickson and Company

4 Danaher Corporation

5 Thermo Fisher Scientific, Inc.

6 Bio-rad Laboratories, Inc.

7 Alere, Inc.

8 Roche Diagnostics Limited

9 Siemens Healthcare

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of In-Vitro Diagnostics Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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