In-vitro Diagnostic Services Market Analysis Focusing on Top Key Players DexCom, Nova Biomedical, OraSure, Pearl Pathways, Phenomenex, Qiagene, Roche Diagnostics, Siemens, Sysmex, Thermo Fisher

The newly released research at Market Study Report titled “2018-2024 Global In-vitro Diagnostic Services Market Report” provides data, information, brief analysis, company profiles, statistics for past years and forecasts for next few years.

China in-vitro diagnostic services market was valued at USD 2.2 billion in 2017, as a result of the increasing incidences of cancer. Around 7500 people in China die due to cancer. Due to availability of superior quality diagnostic services, the mortality rates have reduced drastically in the recent years. Also, growing adoption rate of point-of-care testing services by the elderly based population requiring critical monitoring will upsurge the regional growth in forthcoming years.

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In-vitro Diagnostic Services Market will exceed USD 63 billion by 2024; as per a new research report.

The In-vitro Diagnostic Services Market report 2018-2024 provides a comprehensive landscape of the industry, accurate market estimates and forecast split By Service Type, By End-user and regions. All quantitative information is covered on a regional as well as country basis. The report provides valuable strategic insights on the In-vitro Diagnostic Services, analyzing in detail industry impact forces including growth drivers, pitfalls and regulation evolution. The report also includes a detailed outlook on the In-vitro Diagnostic Services segment competitive environment, diving in to the industry position of each major company along with the strategic landscape.

U.S. in-vitro diagnostic services market will grow at 5.6% over the forecast timeframe and high growth of this segment can be attributed to growing number of initiatives taken by the organizations that will create awareness regarding availability of services thereby, should augment business growth. In-vitro diagnostic services market is highly regulated ensuring improvised quality of diagnostic services escalating preference for services over the upcoming years.

Software segment will grow at 4.5% and is expected to have similar growth trends over the estimated forecast. Use of software in clinics, hospitals and pathology laboratories to maintain the data of patients should impact the segmental growth positively. Furthermore, availability of reliable and efficient software systems will enhance the business growth in the forthcoming years.
Notable In-vitro Diagnostic Services market players comprise BioRad,DexCom, Nova Biomedical, OraSure, Pearl Pathways, Phenomenex, Qiagene, Roche Diagnostics, Siemens, Sysmex, Thermo Fisher.

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Rising number of liquid biopsy tests will positively impact the industry growth during forecast timeframe. Technological advancements in the liquid biopsy devices to have an accurate analysis of the tumor will increase its preference over the forecast timeframe. Also, favorable reimbursement scenario should drive business growth. For instance, insurance providers in the U.S. have developed new reimbursement policies for biopsy tests that will ensure high industry growth in coming years.

Growing number of pathology laboratories in developed as well as developing economies will impel the industry growth in upcoming years. Elderly population base suffering from chronic conditions will have high preference for laboratory diagnostic services that should escalate in-vitro diagnostic services market growth. Moreover, business growth will be triggered due to increasing automations in the diagnostic devices utilized in the pathology laboratory centers.

Table of Content:

Chapter 1. Methodology and Scope

Chapter 2. Executive Summary

Chapter 3. In-vitro Diagnostic Services Industry Insights

Chapter 4. In-vitro Diagnostic Services Market, By Service Type

Chapter 5. In-vitro Diagnostic Services Market, By End-user

Chapter 6. In-vitro Diagnostic Services Market, By Region

Chapter 7. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/in-vitro-diagnostic-services-market

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