Market Highlights
As per the latest report published by Market Research Future (MRFR) the Global In Vitro Diagnostics (IVD) Market will record a CAGR of 8.16% between 2018 and 2023. The market is expected to surpass a valuation of USD 102,500 Mn by the end of the assessment period. In-vitro diagnostics (IVD) combines the application of reagents, medical devices and accessories for performing complex test procedures on biological specimens such as tissue, blood and urine taken from human body. In-vitro diagnostics is increasingly used for diagnosis of medical conditions and detection of infection. IVD has emerged as an important medical technology for overcoming challenges faced in diagnosis and management of diseases. Such factors are supporting the growth of the global IVD market.
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IVD is more precise than conventional test procedures and thereby gaining a quick popularity. In fact, many of the modern test procedures cannot be carried out without using IVD technology. Medical diagnostic device manufacturers are likely to capitalized on the market opportunity that has emerged. Demand for IVD services has grown substantially in recent years, which is attributable to the rising number of private diagnostics centers. Moreover, advances in diagnostics technology coupled with the expanding global geriatric population, which is necessitating faster and more accurate diagnosis is likely to provide an impetus to the in-vitro diagnostics market in the forthcoming years. Other factors such as increased occurrence of chronic diseases and acceptance of molecular diagnostics in personalized medicines have also raised the importance of IVD.
Global In-Vitro Diagnostics Market: Segmental Analysis
MRFR’s report includes a through segmental analysis of the global in-vitro diagnostics market based on product & services, technology, application and end-user. Based on product & services, the market has been segmented into reagents & kits, instruments, and data management software. In 2017, the reagents and kits segment accounted for the largest market share. The segment is expected retain its top position over 2023, exhibiting a CAGR of 9.34%. By technology, the market has been segmented into immunoassay/ immunochemistry, clinical chemistry, molecular diagnostics, microbiology and hematology. The clinical chemistry segment currently commands for more than one-third share of the market. This is primarily owing to the rapid integration of advanced technologies in clinical diagnostics. Meanwhile, the molecular diagnostics segment is projected to capture the highest during the assessment period. By application, the market has been segment into infectious diseases, and non-infectious diseases. In 2017, the infectious diseases segment accounted for over 60% of the market share. High prevalence of infectious disease is the primary driver of the segment’s growth. By end user, the market has been segmented into hospitals, laboratories and academic institutes. The hospitals segment holds the most dominant position – a majority of test are performed in hospitals. Hospitals continue to witness high patient influx despite the growing number of diagnostics centers.
Global In-Vitro Diagnostics Market: Regional Analysis
The in-vitro diagnostics market has been covered across North America, Europe, South America, the Middle East & Africa (MEA) and Asia Pacific (APAC). North America and South America collectively accounted for close to 40% share of the market in 2017. North America, in particular, is expected to remain highly lucrative market for in-vitro diagnostics. Easier accessibility along with high healthcare expenditure has a positive impact on the region’s market. The market in Asia-Pacific is likely to increase at a relatively higher CAGR over 2023.
Growth In-Vitro Diagnostics Market: Competitive Landscape
MRFR in its report has profiled some of prominent market players, which include Abbott Laboratories, Bio-Rad Laboratories Inc, Becton Dickinson and Company, Grifols S.A, Sysmex Corporation, Siemens AG, BioMérieux S.A, Ortho Clinical Diagnostics, Thermo Fisher Scientific, F. Hoffmann-La Roche AG, DiaSorin S.p.A, Danaher Corporation and Qiagen N.V
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The medical device reprocessing includes cleaning, disinfection, inspection, sterilization, and repackaging of used medical devices for its reuse to diagnose and treat multiple patients.MarketsandMarkets forecasts The global medical device reprocessing market is projected to be valued at USD 823.5 Million in 2017 and is expected to grow at a CAGR of 16.3% during the forecast period to reach to USD 1,754 Million by 2022.The key factors driving the growth of this market include the low prices of reprocessed devices as compared to new ones and the pressure to reduce the volume of medical waste generated.
hindering market growth.The growth of this market is majorly driven by the increased utilization of the low priced reprocessed medical devices as compared to new devices, increased efforts towards reducing regulated medical waste (RMW), and rising number of surgical procedures associated with the growing prevalence of chronic diseases.
However, the risk of transmission of surgical site infections associated with the use of reprocessed devices may hinder the growth of the market to a certain extent.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=583The report analyzes the market by product & service, type of medical device, application, and region.
On the basis of product & service, the reprocessing support and services segment accounted for the largest share in 2016, owing to the increased adoption of third-party reprocessing services over in-house reprocessing services by hospitals, clinics, surgical centers, clinical pathologies, and other healthcare organizations.Based on type of medical device, the catheters segment accounted for the largest share in 2016 and is expected to grow at the highest CAGR during the forecast period.
The growth of this segment can be attributed to the increased utilization of reprocessed cardiac catheters, electrophysiology catheters, and diagnostic catheters in recent years.Based on application, the market is further categorized into cardiology; gastroenterology, urology, and gynecology; arthroscopy and orthopedic surgery; and general surgery and anesthesia.
In 2016, the cardiology segment accounted for the largest share of the market; this is primarily attributed to the increasing number of cardiology surgeries associated with the growing prevalence of cardiovascular diseases (CVD) across the globe.Request for Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=583The major players in the global medical device reprocessing market are Stryker Corporation (U.S.), Johnson & Johnson (U.S.), Vanguard AG (Germany), Medline ReNewal (U.S.), Medtronic plc (Ireland), SteriPro Canada, Inc.(Canada), Pioneer Medical Devices AG (Germany), Vascular Solutions, Inc. (U.S.), HYGIA Health Services, Inc. (U.S.), ReNu Medical, Inc. (U.S.), SureTek Medical (U.S.), and Centurion Medical Products Corporation (U.S.).Key Questions Addressed by the Report:Who are the major market players in the bioinformatics market?What are the growth trends and the largest revenue-generating region for bioinformatics?How are bioinformatics products and services sold to customers?What are the major segments in bioinformatics market?What are the driving, restraining, opportunistic, and challenging factors for this market?To speak to our analyst for a discussion on the above findings, click Speak to Analyst @https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=583
The global mammography workstations market size was USD 110.5 Million in 2019 and is expected to reach USD 178.0 Million by 2027, at a CAGR of 6.8% during the forecast period.
The global mammography workstations market is expected to expand steadily during the forecast period, due to the increasing prevalence of breast cancer worldwide.
The market is anticipated to be fueled by rising awareness about breast cancer care in the near future.The latest study on the Mammography Workstations Market includes a detailed analysis of the future trends and demands for the forecast period, 2020 - 2027.
The market intelligence report on the Mammography Workstations Market encompasses an in-depth evaluation of different products, applications, end-users and their sales across different regions.
A closer look at the important industry terms and definition, technology advancements and forces influencing the product and production capability further makes the report a valuable reference material.Read more@ https://www.emergenresearch.com/industry-report/mammography-workstations-marketCompetitive LandscapeKoninklijke Philips N.V.EIZO CorporationSectra ABEsaote SpACarestream Health, Inc.Siemens AGHologic, Inc.Barco NVKonica Minolta, Inc.Agfa-Gevaert N.V.You Can Download Free Sample PDF Copy of Mammography Workstations Market at https://www.emergenresearch.com/request-sample/440 Regional LandscapeNorth America (U.S., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)About Us:At Emergen Research, we believe in advancing with technology.
We are a growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.Contact Us:Eric LeeCorporate Sales SpecialistEmergen Research | Web: www.emergenresearch.comDirect Line: +1 (604) 757-9756E-mail: [email protected] | LinkedIn | Twitter | Blogs
In the recent years, with the advancement of technologies, it is gaining more traction across the healthcare systems worldwide.
The clinical decision support system market is expected to garner a market valuation of approximately USD 1780 million by the end of the forecast period.
Of the primary factors driving the CDSS market is the importance of data-driven technologies in the healthcare landscape.Some of the other factors contributing to the growth of the global clinical decision support system (CDSS) market include the fast-paced growth of the healthcare industry in emerging economies, the growing geriatric population across the globe, and the increasing patient influx.Clinical Decision Support System Market SegmentationThe clinical decision support system (CDSS) market is considered for the segments based on model, product, delivery mode, advice, type, settings, and region.
On the basis of product, the global CDSS market is segmented into integrated clinical decision support system and standalone clinical decision support system.
The integrated CDSS segment is anticipated to lead the global market and is projected to expand at a substantial rate.Based on model, the global clinical decision support system market is segmented into knowledge-based clinical decision support system and non-knowledge-based clinical decision support system.
Owing to the high number of the advantages, the knowledge-based clinical decision support system segment is likely to account for the most significant share in the CDSS market.On the basis of delivery mode, the market is segmented into cloud-based and in-premise systems.
The FactMR report tracks the fabric mesh for industrial dryer market for the forecast period 2018-2028.
An opportunity worth over US$ 930000 Mn has been anticipated for the fabric mesh for industrial dryer market in 2018.
Myriad factors continue to impact growth of the fabric mesh for industrial dryer market, which range from rising number of chemical projects worldwide to increased demand in the food industry.
Customized fabric mesh for industrial dryer has gained significant momentum in the recent past.Polyester fabric mesh for industrial dryer has observed robust demand across industries in light of its cost-effectiveness and operational versatility.
Textile and printing are key application areas of polyester fabric mesh for industrial, along with adoption in dewatering belts used for drying vegetables & fruits in the food industry.
Manufacturers are increasingly focusing on production of polyester fabric mesh for industrial dryer in compliance with the FDA and the EU regulations to meet evolving demands of end-users.Regional Analysis: Important regions covered in the keyword market report include:North America (Canada, US)Latin America (Argentina, Mexico)Europe (NORDIC, UK)MEA and JapanAPEJ (China, India)Facilitated handling, robust chemical & thermal resistance, and excellent stability are key factors that have been spurring adoption of polyester mesh in the food processing industry.
Digital Meter Market A new market study, titled “Digital Meter Market ” has been featured on Market Research Future.The global digital panel meter market is expected to grow at USD ~3,251 Million by 2023, at ~6% of CAGR between 2017 and 2023.Top Drivers and Key Restraints The digital displays have gained immense popularity in various industrial applications for the purpose of displaying output results digitally.
The pharmaceuticals, manufacturing, healthcare and various other industries are making extensive use of the digital display meters to measure the required output from data signals like time, current, voltage and others.
Digital panel meters enjoy more demand compared to analog ones since they are more convenient, are easy to operate and generate accurate data compared to analog, as the numbers are shown directly on the display.More Information@ https://www.marketresearchfuture.com/reports/digital-panel-meter-market-4622Mobile communication device applications are estimated to gain the highest momentum in the worldwide market.
Primary products in the mobile communication device market are tablets and smartphones, which can note further growth and demand in the coming years, which is set to work in favor of the digital panel meter market during the conjectured timeframe.Market Segmentation The global digital panel meter market has been carefully studied with regard to segments like cover types and applications.The cover types included in the MRFR report are multi-input indicators and scanners, totalizers, temperature and process panel meters, and others.
The application-wise market segments covered in the report are display voltage, display current, display temperature, and others.Regional Insight The regional analysis of the worldwide digital panel meter market has been conducted on the basis of Asia Pacific (APAC), North America, Europe as well as the Rest of the World (RoW).North America is the strongest region in the global digital panel meter market, in terms of revenue and sales.
Digital panel meters are in huge demand in the region, since they find extensive use in the electronics industry to measure electronics.
The global Infusion Pump Market is forecast to reach USD 20.21 Billion by 2027, according to a new report by Reports and Data.
The infusion pump market size is expected to grow because of the growing demand in the medical sector.
The rising number of chronic diseases, including diabetes, gastroenterological disorders, and cancer across the world, is expected to drive the market growth.
This equipment is used to transfer liquid into a patient's body with accurate and fixed amounts.
They are extensively used in hospitals and nursing homes to help the patient in a critical condition.
Portable infusion pumps are wearable, and it can be used during traveling, giving it an additional advantage over stationary infusion pumps.
