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Abbott,Siemens Profiled in In-vitro Diagnostics Market Report 2024 - BioRad, BioMerieux, Cephied, Danaher, Grifols, Johnson & Johnson, Luminex, Roche Diagnostics, Becton Dickinson, Sorin, Thermo Fisher & More

10-23-2018 12:21 PM CET | Health & Medicine

Press release from: marketstudyreport.com

In-vitro Diagnostics

In-vitro Diagnostics

MarketStudyReport.com Adds New In-vitro Diagnostics Market 2018 – 2024 research report providing information and data By Type, By Technology, By Application, By End-User, Industry Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast spreading across 350 Pages with table and figures in it.

U.S. in-vitro diagnostics market valued at USD 23.9 billion in 2017 and is expected to grow exponentially over the forecast timeframe. According to CDC, around 40% of the Americans expire due to chronic diseases that will enhance industry growth. Moreover, development of favorable reimbursement scenario will drive the business growth significantly.

Some of the prominent industry players operating in in-vitro diagnostics industry is Abbott, Becton Dickinson, BioRad, BioMerieux, Cephied, Danaher, Grifols, Johnson & Johnson, Luminex, Roche Diagnostics, , Sorin, Thermo Fisher and Qiagen. Strategic initiatives such as new product launch, mergers & acquisition will aid revenue generation for the company. For instance, in April 2017, Abbott declared acquisition of Alere that has enabled Abbott?s point-of-care testing product portfolio that will help Abbott to maintain its market position.

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Reagents and kits segment held largest market share of 67.7% in 2017 as a result of high prevalence of rare diseases that will have a positive impact on segmental growth. Escalating usage of molecular reagents for detection of various diseases such as Morgellons, Adie syndrome and Crohn disease will boost industry growth over the forecast timeframe. Moreover, key industry players such as Bio-Rad, Beckman Coulter and Cambio emphasize on manufacturing superior quality reagents that aid accurate diagnosis thereby, fosters in-vitro diagnostics industry growth over the forecast timeframe.

In-vitro diagnostics market should witness considerable growth over the forecast timeframe owing to the growing awareness amongst patients regarding the availability of diagnostic tests. Technology integrated within these devices will improve efficiency of diagnostic devices proving beneficial for the industry growth. Various American organizations such as Center for Chronic Disease Control have implemented certain initiatives that will increase awareness levels for availability of technologically advanced diagnostics among the people that should impact positively in-vitro diagnostics market growth in the upcoming future. In-vitro Diagnostics Market will exceed USD 92 billion by 2024; as per a new research report.

Molecular diagnostics segment accounted for 16.2% revenue share in 2017 and growth can be accounted to high cases of diabetes and other chronic infections that demand critical monitoring. According to International Diabetes Federation in 2017, there were around 7.4 million cases of diabetes in Germany that will increase the demand in upcoming years.

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Oncology segment held USD 12.6 billion in 2017 as a result of rising cases of cancer globally. Additionally, growing prevalence of cancer in developing countries such as India will increase the demand for molecular diagnostic reagents and devices. In India, there are around 1.4 million cases of cancer every year that will boost segmental growth over the forecast timeframe.

Hospitals segment of in-vitro diagnostics market held largest revenue share of 30.6% and should expand significantly in the coming years due to increasing number of hospital admissions demanding critical monitoring and accurate diagnosis. According to Statista hospital care expenditures in 2017, was around USD 1,132.6 billion in the U.S. indicating strong demand for in-vitro diagnostics in the upcoming years.

Table of Content:

Chapter 1 Methodology & Scope

Chapter 2. Executive Summary

Chapter 3. In-vitro Diagnostics Industry Insights

Chapter 4. In-vitro Diagnostics Market, By Type

Chapter 5. In-vitro Diagnostics Market, By Technology

Chapter 6. In-vitro Diagnostics Market, By Application

Chapter 7. In-vitro Diagnostics Market, By End-user

Chapter 8. In-vitro Diagnostics Market, By Region

Chapter 9. In-vitro Diagnostics Market Company Profiles

More Report At: https://www.marketstudyreport.com/reports/in-vitro-diagnostics-market

Related Report:

Global In-vitro Diagnostics Market Growth (Status and Outlook) 2018-2023

This report presents a comprehensive overview, market shares and growth opportunities of In-vitro Diagnostics market by product type, application, key companies and key regions. In vitro diagnostics (IVD) are tests on bodily samples like blood, tissue or urine. IVDs are used to detect diseases, conditions, or infections. Pregnancy tests and checks of blood glucose levels are two examples of IVDs. High prevalence of chronic and infectious diseases, increasing use of point of care (POC) diagnostics, and surging number of private hospitals and independent testing laboratories are some of the other factors contributing to the growth of the market.

https://www.marketstudyreport.com/reports/global-in-vitro-diagnostics-market-growth-status-and-outlook-2018-2023

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