In-Vitro Diagnostics Market - Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019-2025 | Emphasis on Techniques (Immunoassay, Clinical Chemistry, SMBG, Molecular Diagnostics, Hematology, Microbiology, Point-of-Care, Hemostasis)
“Reagents dominated the product segment of the global In-Vitro Diagnostics market with 69.0% share in 2018”
Based on Product type the global in-vitro diagnostics market is segmented into reagents and Instruments Services. The market of the Reagents segment is expected to grow tremendously and is projected to dominate the market in 2025 due to its high demand in over-the-counter diagnostic tests, paired with rising demand for these for tests at non-medical facilities such as a home.
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“Immunoassay technique of In-Vitro Diagnostic dominated the market in 2018”
Based on techniques the global In-Vitro Diagnostics market is segmented into Immunoassay, Clinical Chemistry, SMBG, Molecular Diagnostics, Hematology, Microbiology, Point-of-Care, and Hemostasis. The Immunoassay technique occupied the largest share of 24.7% in 2018 and is expected to maintain its dominance throughout the forecast period 2019-2025. However, Molecular Diagnostics and Point-of-Care testing techniques are expected to witness the highest CAGR growth during the analyzed period, owing to increasing demand for such tests at home.
“In-Vitro Diagnostic technology was majorly applied for the treatment or diagnosis of Infectious Disease”
Infectious Diseases, Diabetes, Oncology, Cardiology, Nephrology, Autoimmune Diseases are the major applications of In-Vitro Diagnostics technology. In 2018, IVD was majorly used for the treatment and diagnosis of Infectious Diseases. The segment is expected to witness CAGR 4.89% during the forecast period 2019-2025 to generate revenue of US$ 33.73 billion by 2025. However, Oncology treatment using IVD is expected to grow at the highest rate during the analyzed period.
For Regional/country-wise analysis of the overall adoption of In-Vitro Diagnostics technology in different healthcare facilities browse through - https://univdatos.com/report/in-vitro-diagnostic-market-current-scenario-and-forecast-2019-2025
“Hospitals were the major end-users of In-Vitro Diagnostic technology in 2018”
Based on end-users, the global In-Vitro Diagnostics market is bifurcated into hospitals, clinics & labs, home care, and other healthcare facilities. In 2018, the hospital segment occupied 47.6% share. However, the use of technology for home disease treatment is expected to witness the highest CAGR growth dusting the forecast period 2019-2025. The growing elderly population and associated diseases would help the segment to witness such growth.
“Reusable IVD Devices are expected to dominate the usability segment of the global in-vitro diagnostics market during the analyzed period.”
In-Vitro Diagnostics market segmented based on usability include reusable and disposable IVD devices. The Reusable IVD Devices occupied the largest share and is expected to maintain its dominance throughout the forecast period 2019-2025.
“North America represents one of the largest markets of the In-Vitro Diagnostics market globally in 2018”
For a deep-dive analysis of the industry and its adoption rate, detailed regional/country-level analysis was conducted for regions including North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, Italy, UK and Rest of Europe), Asia-Pacific (China, Japan, India, Australia and Rest of Asia-Pacific) and Rest of the World (Brazil and Others). In 2018, North America dominated the market, however, the growing elderly population in Europe and Asia-Pacific would help the region to use more of in-vitro diagnostic technology for disease detection and treatment.
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Competitive Landscape-Top 10 Market Players
Abbott Laboratories, Becton Dickinson and Company, Biomerieux SA, Bio-Rad Laboratories, Inc., Danaher Corporation, Johnson & Johnson, Roche, Siemens Healthineers AG, Sysmex Corporation and Thermo Fisher Scientific are some of the prominent players operating in the Global In-Vitro Diagnostics market industry. Several M&A’s along with partnerships have been undertaken by these players to facilitate costumers with hi-tech and innovative products in the In-Vitro Diagnostic sector.
The Global In-Vitro Diagnostics Market can be customized to the country level or any other market segment. Besides this, UnivDatos Market Insights (UMI) understands that you may have your own business need, hence we also provide fully customized solutions to clients.
Molecular Diagnostics Market (2019-2025) - https://www.prlog.org/12802549-molecular-diagnostics-market-industry-analysis-size-share-growth-trends-forecast-2019-2025.html
Point-of-Care Testing Market (2019-2025) - http://prsync.com/univdatos-market-insights-/point-of-care-testing-market---industry-analysis-size-share-growth-trends-and-forecast---3186665/
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