In-vitro Diagnostics Market in Depth Analysis| Key Players are Abbott, Becton Dickinson, bioMérieux, Danaher Corporation, Grifols, Johnson & Johnson, Roche Diagnostics, Sorin Group, QIAGEN

Services segment of service type held USD 34.8 billion in 2017 as a result of rise in disorders caused due to nicotine addiction. High incidences of lung cancer in UK alone has created a hike in the demand for accurate diagnostic services. In UK, 13.1% of the total cancer registrations account to lung cancer that will escalate in-vitro diagnostics industry growth over the forecast timeframe.

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Increase in the number of pathology laboratories globally will influence the industry growth positively. Pathology labs are well equipped with technologically advanced diagnostic devices increasing preference amongst the geriatric population. Also, availability of skilled technicians in-vitro diagnostic laboratories should augment industry growth. In U.S., around 18,000 pathologists are actively practicing and around 93% of them are board certified escalating the business growth in forth coming years.

However, industry growth is hampered by the high cost associated with the diagnostic procedures. High costs of the diagnostic procedures will act as a major restraint affecting industry growth by creating affordability issues.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1.Abbott
2.Becton Dickinson
3.bioMérieux
4.Danaher Corporation
5.Grifols
6.Johnson & Johnson
7.Roche Diagnostics
8.Sorin Group
9.QIAGEN

U.S. in-vitro diagnostics market held an enormous regional share of 89.7% in 2017 and will have similar growth trends in the near future. Growing burden of chronic diseases and viral infections have surged the demand for in-vitro diagnostic procedures. In U.S., around 3.9 million people are infected with hepatitis C that establishes a strong demand for advanced diagnostic devices to sustain the health of patients.

Germany in-vitro diagnostics market should grow at 4.6% during the forecast period owing to increasing technological advancements that have added improvisations in the existing in-vitro diagnostic devices. Furthermore, ageing demographic condition in Germany will have a positive impact on industry in foreseeable future. The geriatric population of Germany in 2017 was around 22 million that should positively influence in-vitro diagnostic market growth.

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In-vitro Diagnostics Market, By Product Type (USD million)
o Reagents & kits
o Instruments

In-vitro Diagnostics Market, By Service Type (USD million)
o Data Management Software
o Services

In-vitro Diagnostics Market, By Technology(USD million)
o Clinical Chemistry
o Immunoassay/Immunochemistry
o Molecular Diagnostics
o Hematology
o Microbiology
o Coagulation and Hemostasis
o Urinalysis

In-vitro Diagnostics Market, By Application (USD million)
o Oncology
o Infectious Diseases
o Diabetes
o Cardiology
o Nephrology
o Autoimmune Diseases
o Drug Testing/Pharmacogenomics

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