In-vitro Diagnostics Market Size 2022-2027| Share, Future Trends, CAGR, Competitive Analysis with CAGR | Biomérieux, Danaher Corporation, Roche Diagnostics, Becton
New report on In-vitro Diagnostics Market Research report which gives a top to bottom analysis of the In-vitro Diagnostics market growth, competition, investment, marketing of the product and the segments here include companies, types, applications, regions, countries, future guide and forecast till 2027.
"In-vitro Diagnostics Market" (2022) research report gives granular analysis of the market size, share, segmentation, revenue, geographic regions of the market and forecasts to 2027. This report categorizes the market based on market overview, regions, analysis by types and applications, market dynamics and manufacturers profiles. In-vitro Diagnostics Market watch out for new highest revenue Study Reports with Top Countries Data, Current Trends, Future Estimations and Opportunity Analysis. The market is expected to grow considerably in upcoming Years.
In-vitro diagnostics (IVD) are the medical devices and consumables are utilized to perform in-vitro tests on various biological samples. In-vitro diagnostics are used for diagnosis of various medical conditions. The global in-vitro diagnostics market is expected to register a CAGR of 5.5% during the forecast period of 2021â??2027.
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Company Coverage: -
- Danaher Corporation
- Roche Diagnostics
- Dickinson and Company
- Bio-Rad Laboratories
- Abbott Laboratories
- Bayer AG
- Sysmex Corporation
- Johnson and Johnson
- Siemens AG
Market Players Competitor Analysis:
Advanced Technologies Spurring the IVD Market
The field of in-vitro diagnostics has witnessed several changes and additions to its gamut of offerings in the recent past. There has been a paradigm shift from traditional diagnostics to a new generation diagnostics that work on gene level. This was possible due to the inclusion of advanced technology, such as genetic testing, molecular diagnostics, Polymerase Chain Reaction (PCR), and Next-Generation Sequencing (NGS). Fast turnaround, reliability, user-friendliness, and predictability of predisposed diseases are few significant qualities, which helped these technologies attain their share in major offerings of diagnosis providers around the world. Increasing demand from the educated public for more information about their predisposition for serious diseases, and how these potential illnesses can be detected at an early stage, is driving the market for in-vitro diagnostics.
High prevalence of chronic and infectious diseases, increasing use of point of care (POC) diagnostics, and surging number of private hospitals and independent testing laboratories are some of the other factors contributing to the growth of the market.
Cumbersome Reimbursement Procedure
The lack of proper reimbursement system around the globe poses to be a major restraining factor for the in-vitro diagnostics market. The process of securing reimbursement and funding for a diagnostic test on a global scale is extremely challenging. Stakeholders need to recognize what knowledge the payers/purchasers are looking for. This asks for extensive research and interpretation of a very large amount of data. Moreover, international reimbursement structures vary from country to country; hence, interested parties have to come up with new and effective strategies frequently, making it a cumbersome and tedious task hindering the market.
Additionally, stringent regulations across the globe and limited budget of hospitals and laboratories in developing economies are also restraining the in-vitro diagnostics market.
Asia-Pacific to be Lucrative
The global in-vitro diagnostics market is segmented by technique, products, usability, application, end users, and geography. By geography, it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America.
The reasons for Asia-Pacific being a lucrative marketplace include an increase in government healthcare expenditure and increase in per capita healthcare spending. Moreover, increase in patient awareness and demand for technological advancements in the field of in-vitro diagnostics are further driving the market growth in the region.
Key Developments in the Market
â?¢ February 2015 - Roche acquired Flatiron Health to accelerate industry-wide development and delivery of breakthrough medicines for patients with cancer.
Key players: BIOMÃ?RIEUX, DANAHER CORPORATION, ROCHE DIAGNOSTICS, BECTON, DICKINSON AND COMPANY, BIO-RAD LABORATORIES, INC., ABBOTT LABORATORIES, BAYER AG, ARKRAY, INC., SYSMEX CORPORATION, JOHNSON and JOHNSON, and SIEMENS AG, among others..
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Reasons to Purchase this Report:
- To examine the increased usage of In-vitro Diagnostics in Industry that affect the global market scenario
- Analyze various perspectives of the market with the help of Porter’s five forces analysis
- To know the modality and application that are expected to dominate the market
- To know the regions that are expected to witness fastest growth during the forecast period
- Identify the latest developments, market shares, and strategies employed by major market players
Customization of the Report:
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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Regional Analysis: -
- North America
- South America
Some Major Points from TOC: -
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1.1 High Prevalence of Chronic and Infectious Diseases
6.1.2 Increasing Use of Point of Care (POC) Diagnostics Fueling the IVD Market
6.1.3 Advanced Technologies Spurring the IVD Market
6.1.4 Increasing Number of Private Hospitals and Independent Testing Laboratories
6.2.1 Stringent Regulations Across the Globe
6.2.2 Cumbersome Reimbursement Procedure
6.2.3 Limited Budget of Hospitals and Laboratories in Developing Economies
6.4 Key Challenges
7. Market Segmentation
7.1 By Technique
7.1.2 POC Diagnostics
7.1.3 Molecular Diagnostics
7.1.5 Tissue Diagnostics
7.1.7 Self-Blood Glucose Monitoring
7.2 By Products
7.2.3 Data Management Systems
7.3 By Usability
7.3.1 Disposable IVD Devices
7.3.2 Reusable IVD Devices
7.4 By Application
7.4.1 Infectious Diseases
7.4.5 Autoimmune Diseases
7.4.7 Drug Testing
7.5 By End Users
7.5.4 POC Testing
7.6 By Geography
7.6.1 North America
220.127.116.11 United States
18.104.22.168 Rest of North America
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 South Korea
184.108.40.206 Rest of Asia-Pacific
7.6.4 Middle East and Africa
220.127.116.11 South Africa
18.104.22.168 Rest of Middle East and Africa
7.6.5 South America
22.214.171.124 Rest of South America
8. Competitive Landscape
8.1 Mergers and Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.2 Danaher Corporation
9.3 Roche Diagnostics
9.4 Becton, Dickinson and Company
9.5 Bio-Rad Laboratories, Inc.
9.6 Abbott Laboratories
9.7 Bayer AG
9.8 Arkray, Inc.
9.9 Sysmex Corporation
9.10 Johnson and Johnson
9.11 Siemens AG
*List not Exhaustive
10. Future of the MarketAAAA
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