openPR Logo
Press release

IVD Market in Europe Expected to Reach $26,623 million by 2023

03-05-2020 09:36 AM CET | Health & Medicine

Press release from: Allied Market Research

Europe IVD Market

Europe IVD Market

Europe IVD Market was valued at $19,124 million in 2016, and is projected to reach at $26,623 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023.

In vitro diagnostic tests are performed using biological samples to detect the health ailments and other diseases. Rise in technological developments in IVD techniques, increase in incidence and prevalence of chronic and infectious diseases and increase in government healthcare expenditure in the European region drive the market growth.

However, stringent government regulations related to the safety and efficacy of the IVD and unfavorable reimbursement policies are expected to restrain the market growth during the forecast period.

The major players profiled in the Europe IVD market are Thermo Fisher Scientific Inc., Alere Inc., Biomerieux, Danaher Corporation, F. Hoffmann-La Roche AG, Becton Dickinson and Company, Bio-Rad Laboratories, Bayer AG, Sysmex Corporation, and Johnson & Johnson.

Download PDF Report Sample with statistical info @ https://www.alliedmarketresearch.com/request-sample/4352

Based on product type, the reagents segment held the highest market share of third-fifths in 2016, due to introduction of efficacious reagents in the market that are utilized in IVD technology for the detection of several disease.

Based on technique, the immunodiagnostics segment contributed the highest market share (one-third) in 2016, owing to the increase in prevalence of chronic diseases such as cancer that is analyzed by tissue or other diagnostic techniques and increase in demand for non-invasive techniques.

Based on application, the infectious diseases segment contributed the highest market share (two-sevenths) in 2016, owing to the increase in prevalence of infectious diseases such as tuberculosis, malaria, and pertussis that fuel the IVD market.

Based on end users, the standalone laboratory segment captured the highest market share (third-sevenths) in 2016, mainly due to availability of complex tests that are difficult to perform and increase in healthcare expenditure thus improving healthcare facilities.

Germany accounted for the highest shares in 2016, and is expected to dominate the market throughout the forecast period and is attributed to increase in incidence of chronic diseases such as tuberculosis, diabetes, and cancer. In addition, rise in demand for non-invasive technology, advancement in technology, and well-established healthcare systems is anticipated to provide new growth opportunities for the key players in the market.

However, France is estimated to register the highest growth rate during the forecast period, owing to rise in government healthcare expenditure and growth in demand for healthcare devices from large pool of patient population, and improvement in healthcare infrastructure.

Make an Enquiry for Purchase Report @ https://www.alliedmarketresearch.com/purchase-enquiry/4352
Key Findings of the Europe IVD Market:
o The reagents segment dominated the market in 2016, and is projected to grow at the 3.7% CAGR.
o The immunodiagnostics segment accounted for the highest share in 2016.
o The pathology segment was the major shareholder in the Europe IVD market in 2016.
o The standalone laboratory segment accounted for the highest share in 2016.
o UK was the major shareholder of Europe IVD market in 2016.
o Germany is expected to grow at the highest CAGR in the Europe IVD market.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975

help@alliedmarketresearch.com

About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.

Permanent link to this press release:

Copy
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 IVD Market in Europe Expected to Reach $26,623 million by 2023 here

News-ID: 1955724 • Views: 93

More Releases from Allied Market Research

Orthopedic Prosthetics Market Will Expand in the Coming Decade
Orthopedic Prosthetics Market report analyses the prospects in the market for several shareholders and aspirants by identifying the high-growth segments, main actions approved by them and Orthopedic Prosthetics market recent progressions. The Orthopedic Prosthetics market report is prepared after fundamental levels of research regarding the Orthopedic Prosthetics Industry. Orthopedic Prosthetics Market by Product (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, and Modular Components) Technology (Conventional, Electric Powered, and Hybrid
Orthopedic Operating Tables Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Operating Tables Market by Technology (Non-powered Operating Tables and Powered Operating Tables) and End Users (Hospitals and Ambulatory Surgical Centers (ASCs)) – Global Opportunity and Forecast, 2019-2026”. The Global market size of Orthopedic Operating Tables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027 with
Orthopedic Consumables Market Analysis of The Current and Emerging Trends
According to a new report published by Allied Market Research, titled, ” Orthopedic Consumables Market by Product (Surgical Orthopedic Consumables, Wound-Management Orthopedic Consumables, and Others) and End Users (Hospitals, Clinics, Ambulatory Surgical Centers (ASCs), and Others) – Global Opportunity and Forecast, 2019-2026 The Global market size of Orthopedic Consumables market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2027
Intraosseous Infusion Device Market Challenges and New Trends
According to a new report published by Allied Market Research, titled, “Intraosseous Infusion Device Market by Product Type (FAST1 device, Dieckmann Modified Needle, BIG device, EZ-IO device, Jamshidi Needle, FASTx device, and NIO), by Technology (Battery Powered Driver, Manual IO Needles, and Impact Driven Devices), by Route of Administration (Distal Femur, Sternum, Distal & Proximal Tibia, Calcaneus, and Head of Humerus), by End User (Hospitals, Emergency Medical Services, Ambulatory Surgical

All 5 Releases


More Releases for IVD

LAMEA IVD Market | Business Development Strategies
LAMEA IVD market size was valued at $7,413 million in 2016, and is projected to reach at $10,316 million by 2023, growing at a CAGR of 4.7% from 2017 to 2023. The immunodiagnostics segment accounted for more than two-ninths share of the total market in 2016. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4137 In vitro diagnostics (IVD) are medical devices and reagents used for examination of the body samples such as blood, tissue, and
Bioinformatics in IVD Testing Market : Global Forecast Over 2024
Global Bioinformatics in IVD Testing Market: Overview Bioinformatics, a multidisciplinary research field, is a combination of biology, computer science, mathematics, and statistics for managing the proliferating biological information. The software and applications in bioinformatics is leveraged to accumulate, examine, store, and integrate biological and genetic information. Those can be used later on for gene based drug development. The computer diagnostics creates opportunities for pathologists and clinicians for culturing viruses and
Global IVD Products Market Research Report
This report studies the global IVD Products market status and forecast, categorizes the global IVD Products market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, and other regions (India, Southeast Asia). The major manufacturers covered in this report Abbott Laboratories Danaher Corporation Johnson and Johnson Roche Diagnostics Siemens Healthcare BD Biomerieux Bio-Rad Laboratories Ortho Clinical
American IVD Market - Latest Trends, Forecast, Opportunity and Growth Analysis
Stratview Research announces the launch of a new research report on the American IVD Market - by Products & Services (Equipment, Reagents, Services, other), by Technology (Immunology, Molecular Diagnostics, POCT, Microbiology, Hematology, others), by Therapeutic Area (Infectious Diseases, Tropical Diseases, Lifestyle Disease, Neurology, Oncology, others), by End User (Hospital, Hospital Bed Side, Home Users, Research Labs), By Domestic Versus Global Competition, and by Key Export/Import Destinations. The report covers comprehensive view
Bioinformatics in IVD Testing Market Objectives and Detailed Study 2019
WiseGuyReports.Com Publish a New Market Research Report On –“ Bioinformatics in IVD Testing Market Objectives and Detailed Study 2019”. Description:- Bioinformatics is a multidisciplinary research field that combines computer science, biology, statistics and mathematics for the management of biological information. Scope of the Report: This report studies the Bioinformatics in IVD Testing market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this
American IVD Market - Latest Trends, Capability Assessment up to 2025
Stratview Research announces the launch of a new research report on the American IVD Market. The report covers comprehensive view of North, Central and South American IVD market in 2018 and gives insights till 2025, considering the growth trends, domestic and global competition, import/ export trends, disease epidemiology, products and services, technologies and the end user pattern. The report gives a 360 overview of the market and a comparative scenario