In-Vitro Diagnostics Market Outlook to 2027 - Thermo Fisher Scientific, Bio-Rad Laboratories, Agilent Technologies, Johnson & Johnson Services

In vitro diagnostics are examinations performed on samples which include blood or tissue that have been taken from the human body. In vitro diagnostics can detect diseases or other conditions, and can be used to monitor a person's overall health to help cure, treat, or prevent diseases. Devices can range from simple tests to sophisticated DNA technology which include reagents, control materials, calibrators, kits, software, and related instruments. In vitro diagnostics may also be used in precision medicine to identify patients who are likely to benefit from specific treatments or therapies. These in vitro diagnostics can include next generation sequencing tests, which scan a person's DNA to detect genomic variations.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global in-vitro diagnostics market based on product & services, technology, application, and end user. It also provides market size and forecast till 2027 for overall in-vitro diagnostics market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.

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Key Players influencing the in-vitro diagnostics market are F. Hoffmann-La Roche Ltd, Danaher, BD, Abbott, Siemens AG, bioMérieux SA, Thermo Fisher Scientific Inc., Bio-Rad Laboratories, Inc., Agilent Technologies, Inc., and Johnson & Johnson Services, Inc. among others.

The in-vitro diagnostics market is expected to witness growth at a rapid pace due to increasing geriatric population and related growth in the prevalence of chronic & infectious diseases, rising adoption of fully automated instruments & automation in laboratories, and growing awareness on personalized medicine. Also, development of condition-specific markers & tests, rising significance of companion diagnostics, growth opportunities in emerging countries are offering opportunities in the in-vitro diagnostics market growth.

The "Global In-Vitro Diagnostics Market Analysis to 2027" is a specialized and in-depth study of the biotechnology industry with a focus on the global market trend. The report aims to provide an overview of global in-vitro diagnostics market with detailed market segmentation by product & services, technology, application, and end user. The global in-vitro diagnostics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.

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The global in-vitro diagnostics market is segmented on the basis of product & services, technology, application, and end user. The product & services segment includes, reagents & kits, instruments, data management software, and services. The technology segment includes, immunoassay/immunochemistry, clinical chemistry, molecular diagnostics, microbiology, hematology, urinalysis, and others. By application, the in-vitro diagnostics market is segmented into diabetes, infectious diseases, oncology, cardiology, autoimmune diseases, nephrology, and others. By end user, the in-vitro diagnostics market is segmented into hospitals, laboratories, academic institutes, point-of-care testing, and others.

North America dominated the global in-vitro diagnostics market, the largest share is attributed to the presence of government funds, rising use of molecular diagnostics in genetic disorders & cancer screening, and the presence of key players in the region during the forecast period. The Asia Pacific region is predicted to account for the fastest growth during the forecast period, due to increasing healthcare expenditure, rising number of hospitals & clinical diagnostic laboratories in India and China, increasing incidence of chronic and infectious diseases in the region.

The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.

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This release was published on openPR.