Industry Insights on In-vitro Diagnostics Market|Key Players: Abbott, Thermo Fisher Scientific, bioMérieux, QIAGEN, Grifols, Danaher Corporation, Sorin Group, Luminex Corporation

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.

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Technologically advanced countries such as Germany and UK focus their efforts on R&D to manufacture automated laboratory diagnostic machines and equipment for accurate detection of diseases. For instance, companies such as Qaigen headquartered in Germany are leaders in providing point of care molecular diagnostics possessing highest accuracy and the results are displayed on the computers for complete analysis. Assays designed by such companies offer quicker and reliable analysis that will encourage its preference over other conventional methods available. However, high cost associated with the diagnostic procedures will hamper in-vitro diagnostics market growth.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Abbott
• Thermo Fisher Scientific
• bioMérieux
• QIAGEN
• Grifols
• Danaher Corporation
• Sorin Group
• Luminex Corporation Roche Diagnostics Middle East
• Becton Dickinson
• BioRad

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.
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.

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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

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