openPR Logo
Press release

In-vitro Diagnostic Services Market Top Players - bioMerieux, Bio-Rad Laboratories, DexCom, Inc, Nova Biomedical, OraSure Technologies, Ortho Clinical Diagnostics, Qiagen, Roche Diagnostics, Siemens AG

05-18-2020 04:08 AM CET | Health & Medicine

Press release from: Global Market Insights, Inc.

In-vitro Diagnostic Services Market

In-vitro Diagnostic Services Market

In-vitro Diagnostic Services Market will exceed USD 63 billion by 2024; as per a new research report.

Growing number of pathology laboratories in developed as well as developing economies will impel the industry growth in upcoming years. Elderly population base suffering from chronic conditions will have high preference for laboratory diagnostic services that should escalate in-vitro diagnostic services market growth. Moreover, business growth will be triggered due to increasing automations in the diagnostic devices utilized in the pathology laboratory centers.

Rising number of liquid biopsy tests will positively impact the industry growth during forecast timeframe. Technological advancements in the liquid biopsy devices to have an accurate analysis of the tumor will increase its preference over the forecast timeframe. Also, favorable reimbursement scenario should drive business growth. For instance, insurance providers in the U.S. have developed new reimbursement policies for biopsy tests that will ensure high industry growth in coming years.

Request sample copy of this report @ https://www.decresearch.com/request-sample/detail/2889?utm_source=open&utm_medium=vsm

Availability of diagnostic tests to detect diseases ay genetic level will augment the business growth over the forecast timeframe. Moreover, there are around 7000 different genetic diseases and 1 in 10 Americans suffer from at least one rare genetic disease. Improvements and automations in diagnostic services have enabled genetic disease detection at molecular level thereby will positively impact on the in-vitro diagnostic services industry growth.

Software segment will grow at 4.5% and is expected to have similar growth trends over the estimated forecast. Use of software in clinics, hospitals and pathology laboratories to maintain the data of patients should impact the segmental growth positively. Furthermore, availability of reliable and efficient software systems will enhance the business growth in the forthcoming years.

Hospitals segment of in-vitro diagnostic services industry held largest revenue share of 30.6% in 2017 and should expand enormously in foreseeable future due to rising number of hospital admissions demanding accurate diagnosis and critical monitoring. Additionally, improvement in the healthcare infrastructure of developed as well as developing countries will upsurge the segmental growth.

Make Inquiry about this report @ https://www.decresearch.com/inquiry-before-buying/2889?utm_source=open&utm_medium=vsm

U.S. in-vitro diagnostic services market will grow at 5.6% over the forecast timeframe and high growth of this segment can be attributed to growing number of initiatives taken by the organizations that will create awareness regarding availability of services thereby, should augment business growth. In-vitro diagnostic services market is highly regulated ensuring improvised quality of diagnostic services escalating preference for services over the upcoming years.

China in-vitro diagnostic services market was valued at USD 2.2 billion in 2017, as a result of the increasing incidences of cancer. Around 7500 people in China die due to cancer. Due to availability of superior quality diagnostic services, the mortality rates have reduced drastically in the recent years. Also, growing adoption rate of point-of-care testing services by the elderly based population requiring critical monitoring will upsurge the regional growth in forthcoming years.

Some of the prominent industry players operating include BioRad, DexCom, Nova Biomedical, OraSure, Pearl Pathways, Phenomenex, Qiagen, Roche diagnostics, Siemens, Sysmex and Thermo Fisher. These companies adopt several initiatives such as mergers, acquisitions and new product launch to achieve competitive advantage. For instance, in December 2017, Thermo Fisher collaborated with leading diagnostic player NeoGenomics and launched Oncomine Target Test. Collaborations with major industry players will improve product offerings and prove beneficial for company's growth.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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 In-vitro Diagnostic Services Market Top Players - bioMerieux, Bio-Rad Laboratories, DexCom, Inc, Nova Biomedical, OraSure Technologies, Ortho Clinical Diagnostics, Qiagen, Roche Diagnostics, Siemens AG here

News-ID: 2048351 • Views: 281

More Releases from Global Market Insights, Inc.

Hypochlorite Bleaches Market to hit US$ 300 Mn 2025 | Top Key Players like Adity …
As per the research report by Global Market Insights, Inc., Global Hypochlorite Bleaches Market to cross USD 300 million by 2025 and grow at 3.4% CAGR from 2019 to 2025. It has been projected that the Global hypochlorite bleaches market is expected to reach a consumption of around 485-kilo tons by 2025. Water scarcity as well as rising water costs have led to more emphasis being laid on water recycling and
Feminine Hygiene Products Market: Growing awareness regarding intimate health in …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Feminine Hygiene Products Market. One of the most hushed topics across the world is female hygiene, the negligence of which results in several diseases. Studies claim that nearly 30% to 60 % women across the globe develop urinary tract infection once in their lifetime, mainly due to negligence in proper intimate hygiene. Dearth of knowledge regarding the negative consequences of
Examination Gowns Market 2020 business trends & growth opportunities to 2026
Global Market Insights, Inc., announces an ongoing comprehensive report on the Examination Gowns Market. The exposure to various kinds of hospital acquired infections has led to a spate of health problems for the healthcare professionals as well has the patients. In this regard, experts have been massively shifting to adoption of personal protective equipment or clothing, examination gowns, protecting them from all kinds of infections. These gowns are present in the
Nonwoven Packaging Market to witness increased demand from pharmaceutical sector …
Global Market Insights, Inc., announces an ongoing comprehensive report on the Nonwoven Packaging Market. With the world struggling to fight against negative consequences of industrialization and increased carbon emissions, nonwovens or nonwoven fabrics have emerged as an intrinsic solution for all ecological imbalances across the globe. These fabrics are made from staple fiber and long fibers, merged together by chemical, heat, or mechanical treatment. These are generally used in textile manufacturing

All 5 Releases


More Releases for Diagnostic

Lyme Disease Diagnostic Testing Market
The report presents a detailed analysis of the Lyme disease diagnostics market in the US, Europe (France, Germany, Italy, Spain, UK) and Japan. Current scientific views on the Lyme disease definition, epidemiology and etiology are reviewed. The report provides the 5-year test volume and sales forecasts by country for the following market segments: - Hospitals - Commercial/Private Labs
Infectious Disease Diagnostic Market
Infectious disease diagnostics involves identifying the presence of foreign antigen/organism using diagnostic tools such as kits. Most of the standard diagnostic test kits currently available are for bacterial infections and sexually transmitted diseases. However, in future these diagnostic tests are expected to be replaced by molecular techniques. The global infectious disease diagnostic market is expected to witness significant growth during the forecast period due to increasing prevalence of infectious diseases, increased
Cervical Dysplasia Diagnostic Market - by Diagnostic, and End Users
Cervical infection is major risk factor for progression of HPV. Currently, conventional Pap smear test or HPV test are the only test available for screening cervical infection, which in turn propels the demand for development of DNA-based molecular testing to detect human papillomavirus for diagnosis of cervical cancer. For instance, in 2016, Becton, Dickinson and Company received pre-diagnostic market approval from FDA for its Onclarity HPV assay, type of HPV
Global Dermatology Diagnostic Devices Market
https://www.qandqmarketresearch.com/report-sample/dermatology-diagnostic-devices-market-6 This report studies the global Dermatology Diagnostic Devices market status and forecast, categorizes the global Dermatology Diagnostic Devices market size value & volume by key players, type, application, and region. This report focuses on the top players in North America, Europe, AsiaPacific, South America, and Middle East & Africa. Dermatology diagnostic devices are used for treating and diagnosing skin disorders. These devices assist in early detection of skin disorders and improving
Cervical Cancer Diagnostic Tests Market
A new market research report has been recently published by Transparency Market Research, a global market intelligence firm, and made available on the company website. The research study talks about the current scenario of global cervical cancer diagnosis tests market, along with the growth prospects of the market. The research study, titled “Cervical Cancer Diagnostic Tests Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020,”
Diagnostic Catheters Market 2017-2021
The latest industry research report on  Diagnostic Catheters by MRC provides a thorough analysis of the global  Diagnostic Catheters market. The report scrutinizes the market by different segments including regions, applications, competitive landscape, etc. over the predicted time frame. This report provides 360 Degree perspective of the  Diagnostic Catheters industry with an all-inclusive discussion of definitions, classifications, and market players in the industry chain structure. It features qualitative and quantitative