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In-vitro Diagnostics Market Provides An In-Depth Insight Of Sales Analysis - Siemens Healthineers, Sysmex Corporation, Bio-Rad Laboratories

03-11-2020 12:58 PM CET | Health & Medicine

Press release from: Coherent Market Insights (CMI Research)

In-vitro Diagnostics Market

In-vitro Diagnostics Market

In-vitro diagnostics is used as a diagnostic tool by clinicians for faster diagnosis and to ensure timely treatment for patients. According to the U.S. FDA, in-vitro diagnostic products are those reagents, instruments, and systems intended for use in diagnosis of disease or other conditions, including determination of the state of health, in order to cure, mitigate, treat, or prevent disease or its sequela. Such products are intended for use in the collection, preparation, and examination of specimens taken from the human body.

Market Dynamics

Increasing product approval by market players is a major factor driving global in-vitro diagnostics market growth. For instance, in 2017, Bio-Rad Laboratories announced the U.S. Food and Drug Administration (FDA) clearance of BioPlex 2200 Syphilis Total and RPR Assay, which is a novel one-step universal testing method based on automated Treponemal/ non-Treponemal dual assay to aid in the syphilis infection.

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Furthermore, inorganic strategies adopted by key players for enhancing their distribution network and offering best products in the market is expected to drive the market growth. For instance, in January 2018, Atomo Diagnostics and Access Bio partnered to expand their coverage in regions across Africa, South East Asia, and South America. The collaboration aims to access HIV infected population in these regions to market HIV rapid testing products.

Key features of the study:

This report provides in-depth analysis of the global in-vitro diagnostics market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2018-2026), considering 2017 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategy adopted by key players
It profiles key players in the global in-vitro diagnostics market based on the following parameters - company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans

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