openPR Logo
Press release

Europe In-vitro Diagnostics Market

02-27-2019 12:07 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Medical Devices and Pharma

/ PR Agency: Europe In-vitro Diagnostics Market
Europe In-vitro Diagnostics Market

Europe In-vitro Diagnostics Market

As per the latest report by Graphical Research titled “Europe In-vitro Diagnostics Market analysis based on Product Type, Service Type, Technology, Application, End-User, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2018 – 2024”, Estimated to reach USD 21 billion by 2024.

Major industry competitors operating in Europe in-vitro diagnostics market are Abbott, Becton Dickinson, BioRad, BioMerieux, Cephied, Danaher, Grifols, Johnson & Johnson, Luminex, Roche Diagnostics, Siemens, Sorin, Thermo Fisher and Qiagen. These industry players have adopted certain strategic initiatives to gain competitive advantage and achieve sustainable profits. For instance, in January 2017, Grifols acquired Hologic unit working in R&D facility manufacturing assays and instruments based on nucleic acid testing technology. This acquisition will help in expanding the company’s product portfolio.

Request for a sample @

Improvement in healthcare infrastructure will drive Europe in-vitro diagnostics market growth. Majority of the population staying in developed countries rely on healthcare facilities developed by the public healthcare sector that has lower cost structure thereby will escalate demand for cost-effective diagnostic services augmenting industry growth. Also, key industry players such as Roche diagnostics, Beckman Coulter and others have inculcated advanced technology within the in-vitro diagnostic devices that are largely adopted by the doctors to treat various diseases at gene/molecular level should have positive impact on the in-vitro diagnostic industry growth.

Regulations implemented by the European Diagnostic Clusters Alliance (EDCA) has enforced specific guidelines for manufacturers of the in-vitro diagnostics tools and equipment to meet patient’s safety demand thereby will augment in-vitro diagnostic industry growth. The EDCA includes 350 companies and 46 universities that are focusing on continuous upgradation of technology within IVD devices should increase its adoption rates among the laboratories and hospitals thereby escalating the industry growth in forthcoming years. However, high costs associated with the in-vitro diagnostic tests will hamper the industry growth.

In-vitro diagnostic services segment held an enormous share of 78.9% in 2017 and is projected to grow significantly over the forecast timeframe as a result of growing geriatric population globally that will augment demand for in-vitro diagnostic services influencing the segmental growth positively.

In-vitro diagnostic instruments segment will grow at 4.9% during the forecast timeframe owing to increasing number of laboratories equipped with instruments of superior quality. According to Global Genes, more than 30 million people suffer from rare diseases in Europe that require critical monitoring and diagnosis at gene level that should escalate the demand for diagnostic instruments.

Immunoassays or immunochemistry segment was valued at USD 3.0 billion in 2017 and high growth can be accounted to various benefits offered by these tests. For instance, accurate, rapid and cost-effective services enabled by such assays are more reliable and improves performances of surgical procedures thereby will impact the industry growth positively in upcoming years. Immunoassays and biosensors are platforms integrated with lab-on-a-chip technology providing reliable results thereby will upsurge the in-vitro diagnostics industry growth.

Make an inquiry for purchasing this report @

Cardiology segment will grow at 5.9% during the forecast timeline as a result of increasing incidence of cardiovascular diseases due to tobacco smoking, lack of physical activity, consumption of alcohol and unhealthy diet that will drive the segmental growth. Moreover, round 17.7 million people die every year due to CVD that should impact positively on the business growth.

Germany in-vitro diagnostics industry was valued at USD 2.1 billion in 2017 and is expected to grow exponentially over the estimated timeframe owing to the increasing number of technological advancements that are being incorporated in the medical diagnostic devices. For instance, major industry players such as Roche diagnostics have developed clinical diagnostic solutions and devices integrated with advanced technology enabling automation and increasing the operational efficiency that will thereby boost the preference for clinical chemistry, blood gas analysis and other such analytical devices that will stimulate the industry growth.

Laboratories segment held enormous revenue share of 29.4% in 2017 due to presence of various growth opportunities such as availability of skilled labor to work increasing the level of operational efficiency. High preference for laboratories with well-equipped diagnostic machines and equipment will thereby propel the segment growth.

Browse key industry insights from this report @

Segments We Cover:

Europe 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
o Other

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

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

Europe 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
o Other

Europe In-vitro Diagnostics Market, By End-user (USD million)
o Hospitals
o Point-Of-Care Testing
o Laboratories
o Academic Institutes
o Other

The above information is provided for the following regions and countries:
• Germany
• France
• UK
• Italy
• Spain

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

Contact Us:

Parikhit B.
Corporate sales,
Graphical Research

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Europe In-vitro Diagnostics Market here

News-ID: 1620732 • Views: 907

More Releases from Medical Devices and Pharma

Asia Pacific Dental Implants Market 2019-2024 | Industry Analysis by Key Players Danaher Corporation, Straumann, Dentsply Sirona, Zimmer Biomet, Henry Schein
Asia Pacific Dental Implants Market 2019-2024 | Industry Analysis by Key Players …
Graphical Research has launched a report on Asia Pacific Dental Implants Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere. Rising prevalence of edentulism in developing countries such as India
North America In-vitro Diagnostic Market Growth Analysis and Forecast 2024 | Key Players Abbott, Qiagen, Becton Dickinson, BioRad, Cephied, Johnson & Johnson, Roche
North America In-vitro Diagnostic Market Growth Analysis and Forecast 2024 | Key …
Graphical Research provides a detailed overview of North America In-vitro Diagnostic Market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of In-vitro Diagnostic Market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report. Integration of advanced technology within the diagnostic devices will improve accuracy and efficiency of these
APAC Biomedical Refrigerators and Freezers Market Outlook 2019 with Key Participants Arctiko, Azbil Corporation, B Medical Systems, Thermo Fisher Scientific, Binder, Liebherr International, Follett, Haier Biomedical
APAC Biomedical Refrigerators and Freezers Market Outlook 2019 with Key Particip …
Graphical Research has recently added a report on APAC Biomedical Refrigerators and Freezers Market which provides a succinct analysis of the market size, revenue forecast, and the regional landscape of this industry. The report also highlights the major challenges and current growth strategies adopted by the prominent companies that are a part of the dynamic competitive spectrum of this business sphere. Rising elderly population coupled with growing disease burden in
North America Cell Line Development Market to witness growth of 12.5% by 2024
North America Cell Line Development Market to witness growth of 12.5% by 2024
A comprehensive research study on North America Cell Line Development Market introduced by Graphical Research provides insights into the market size and growth trends of this industry over the forecast timeline. The study evaluates key aspects of the market in terms of the demand landscape, driving factors and growth strategies adopted by market players. Growing demand for monoclonal antibodies, technological advancements in cell line development equipment and growing number of

All 5 Releases

More Releases for Europe

Strategy Consulting Market 2025 | Analysis By Top Key Players: Booz & Co. , Rola …
Global Strategy Consulting Market 2019-2025, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The key players covered in this study McKinsey , The Boston Consulting Group , Bain & Company , Booz & Co. , Roland Berger Europe
Influenza Vaccination Market Global Forecast 2018-25 Estimated with Top Key Play …
UpMarketResearch published an exclusive report on “Influenza Vaccination market” delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 115 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability. This report focuses on the Influenza Vaccination market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This
Global Strategy Consulting Market Research Report 2018-2025 | Global Key Player …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Strategy Consulting Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Strategy Consulting during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export
Strategy Consulting Market Deep Insights with Core Business Strategies 2018 - Ro …
Strategy Consulting Market report provides a vital recent industry data which covers in general market situation along with future scenario for industry around the Globe. It also consist of major data along with forecasts of a global market along with clear presentation of diagrams (charts and tables). Global strategy consulting market size status and forecast 2025 has a vast collection of market research reports concerning the software industry, its sub-sectors, and
Wearable Heart Monitoring Devices Market 2018 To 2023 – Top Leaders Beurer Gmb …
The Worldwide Wearable Heart Monitoring Devices Market is growing at a healthy rate. The major players in this market are Medtronic (U.S.), Kinetec Products UK Ltd. (South America), Beurer GmbH (Europe), Medisana AG (Europe), Briggs Healthcare (U.S.), Polar Electro (Europe), SUUNTO (Europe), Koninklijke Philips N.V. (Europe), Garmin Ltd. (Europe) and others. The Wolrdwide Wearable Heart Monitoring devices is segmented on the basis of products, type, application, and end users. On
Surgical Equipment Market 2018 Leading Manufacturer in Europe, the Middle East & …
The Europe, the Middle East & Africa Surgical Equipment Market is expected to grow at an approximate CAGR of 6.7% during the forecast period. A surgical equipment is a designed tool or device to carry out various surgical procedures so as to modifying biological tissues and to provide access for viewing them. The surgical equipment can be designed specifically for a particular surgery or it can be used as general purpose