Press release
In-Vitro Diagnostics Market Ensure to Reach US$ 107,658.83 Mn by 2027 | Lead by Danaher, Abbott, Siemens AG, Sysmex, BD and Qiagen
In-Vitro Diagnostics market is expected to reach US$ 107,658.83 Mn in 2027 from US$ 68,608.16 Mn in 2019. The market is estimated to grow with a CAGR of 5.8% from 2020-2027. The report highlights the trends prevalent in the global In-Vitro Diagnostics market and the factors driving the market along with those that act as deterrents to its growth.Key factors driving the market are rising prevalence of chronic and infectious diseases, increasing geriatric population, and rising awareness of in-vitro diagnostics. However, lack of healthcare infrastructure and reimbursement policies are likely to restrain the market growth to a certain extent.
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The In-Vitro Diagnostics market by product & services is segmented into instruments, reagents & kits, and software & services. In 2019, the reagents & kits segment held a largest market share of 80.2% of the In-Vitro Diagnostics market. This segment is also expected to dominate the market in 2027 owing to increasing number of diagnostics tests and increasing prevalence of chronic conditions. Moreover, the instruments segment is anticipated to witness the considerable growth rate of 2.4% during the forecast period. Certain factors such as developing healthcare infrastructure and growing demand for rapid disease diagnosis are expected to drive the segment growth.
Top Leading Market Players:
1. Koninklijke Philips N.V.
2. F. Hoffmann-la Roche Ltd.
3. Danaher
4. Abbott
5. Siemens AG
6. Sysmex Corporation
7. Thermo Fisher Scientific, Inc.
8. BD
9. Biomrieux SA
10. Bio-Rad Laboratories, INC.
11. Qiagen
Key Benefits :
o To provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, and trends) influencing the growth of the global In-Vitro Diagnostics Market.
o To forecast the size of the market segments with respect to four major regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (Latin America and the Middle East & Africa).
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The In-Vitro Diagnostics Market report is a combination of qualitative as well as quantitative analysis which can be broken down into 40% and 60% respectively. Market estimation and forecasts are presented in the report for the overall global market from 2018 - 2027, considering 2018 as the base year and 2018 - 2027 forecast period. Global estimation is further broken down by segments and geographies such as North America, Europe, Asia-Pacific, Middle East & Africa and South America covering major 18 countries across the mentioned regions.
The qualitative contents for geographical analysis will cover market trends in each region and country which includes highlights of the key players operating in the respective region/country, PEST analysis of each region which includes political, economic, social and technological factors influencing the growth of the market.
The report segments the global In-Vitro Diagnostics market as follows:
Global In-Vitro Diagnostics Market - By Product & Services
Reagents & Kits
Instruments
Software & Services
Global In-Vitro Diagnostics Market - By Technology
Immunoassay/Immunochemistry
Clinical Chemistry
Molecular Diagnostics
Hematology
Urinalysis
Others
Global In-Vitro Diagnostics Market - By Application
Infectious Diseases
Diabetes
Oncology
Cardiology
Nephrology
Others
Global In-Vitro Diagnostics Market - By End User
Hospitals
Diagnostics Centers
Homecare
Others
Browse market data tables and in-depth TOC of the Global In-Vitro Diagnostics Market (2019-2027)
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Reasons to Buy the Report :
Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.
Contact Us:
The Insight partners,
Phone: +1-646-491-9876
Email: sales@theinsightpartners.com
Website: www.theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.
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