France IVD Market Growth Possible due to Rapid increase in Chronic and Infectious Diseases: Winning Strategy 2023

In vitro diagnostic (IVD) techniques are used for the examination of biological specimens such as blood, urine, feces, tissues and other bodily fluids derived from the human body, medical equipment for detecting diseases, conditions and infections and Includes reagents.

In addition, the IVD test has been adopted in independent laboratories and hospital-based laboratories. Techniques such as polymerase chain reaction, microarray technology, sequencing technology and mass spectrometry are used for the analysis of biological samples. France IVD market was valued at $2,943 million in 2016, and is projected to reach at $4,509 million by 2023, growing at a CAGR of 6.2% from 2017 to 2023.

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Due to the invention of new chemical reagents for chemical research and development and IVD technology, the reagent segment retained the highest market share in 2016, based on product type. Based on technology, the immunodiagnostic drug segment contributed the highest market share in 2016 due to the increased prevalence of carcinogenic diseases. Based on the application, the infectious disease segment occupied the highest market share in 2016 due to the rapid increase in infectious diseases and increased awareness of health.

Top Key Players:

• Thermo Fisher Scientific Inc.
• Alere Inc.
• Biomerieux
• Danaher Corporation
• F. Hoffmann-La Roche AG
• Becton Dickinson and Company

Key Findings of the France IVD Market:

• The immunodiagnostic segment is expected to monopolize the market in 2016 and grow at a CAGR of 6.4%.

• The immunodiagnostic drug segment occupied the highest market share in 2016.

• Independent laboratory segments accounted for the highest share in 2016.

• France is expected to grow at the highest CAGR on the IVD market.
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