Market Overview:
The in-vitro diagnostics market is anticipated to witness healthy growth from 2018 to 2023, a research report suggests. Growing at a CAGR of 8.16%, the market is projected to reach US$102,55 billion by 2023. Growing prevalence of chronic diseases is expected to support the market growth along with growing R&D investments. As predicted by analysts, the lack of reimbursement schemes will negatively affect the market’s performance from 2018 to 2023. During the forecast period, the market will be supported by a rise in patients suffering from diseases and technology developments.
The lack of investments in R&D on the other hand will challenge healthcare sector-based organizations functioning in the global In-Vitro Diagnostics Market. Analysts have split the market into technology, product & service, end-user, application, and regions segments based on products and services. Healthcare based companies have been profiled. The lack of investments in research and development is set to affect the global market during the forecast period 2018 to 2023. The report also provides the market’s performance forecasts till 2023. Strategies of healthcare-based companies are studied. The healthcare sector itself is supported by the growing incidence of diseases worldwide as well as the aid of point-of-care monitoring systems. During the forecast period 2018 to 2023, the in-vitro diagnostics market is set to witness a healthy growth across technology, product & service, end-user, application, and regions segments as well as regional markets.
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Market Segmentation:
The healthcare sector has seen growth across technology, product & service, end-user, application, and regions segments owing to the rising demand for new technologies and the prospective growth of the IVD sector. To study the market, analysts have further segmented technology, product & service, end-user, application, and regions into clinical chemistry, hematology, microbiology, molecular diagnostics, immunoassay/immunochemistry, and others on the basis of technology. The market is further segmented into product & service sub segment which is split into data management software, instruments, reagents & kits, and services. Additionally, the in-vitro diagnostics market on the basis of end-user is segmented into laboratories, academic institutions, hospitals, and others. The market is further segmented into application sub segment, which is split into non-infectious diseases and infectious diseases.
The segmental analysis presented in the report provides healthcare field-based organizations insights into key growth factors such as favorable government policies as well as challenges such as the shifting preference for cheaper alternatives the market will face from 2018 to 2023. The presence of untapped market opportunities and favorable policies across regional markets are some of the key factors having an influence on healthcare industry-based companies, suggest analysts as per the in-vitro diagnostics market report. But the report also identifies the lack of demand from developing countries and the high cost of product and maintenance as major threats companies in healthcare will face till 2023.
Regional Overview
healthcare market-based companies in the in-vitro diagnostics market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing preference of consumers will be a key growth driver for regional markets. However, the lack of investments from major companies will turn out to be a threat. For the forecast period 2018 to 2023. Each of these regional markets are studied in the report. Starting from North America, the regional market and healthcare vertical based companies are spread across the United States, Mexico, and Canada.
Problems related to supply chain will turn out to be a major challenge from 2018 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by the growth of communication channels as well as the rising industrialization, suggests the report. Similarly, the healthcare sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the in-vitro diagnostics market covers the Middle East and Africa. The global in-vitro diagnostics market forecasts based on the findings are presented for the forecast period till 2023.
Competitive Landscape
The global in-vitro diagnostics market research report brings a comprehensive study of technology, product & service, end-user, application, and regions market segments, regional analysis, and healthcare vertical based company details of key players. As the forecast period 2018 to 2023 will bring new opportunities for the market owing to advancements in technology and the increasing awareness among consumers, the market is set to grow at a compound annual growth rate of 8.16% and is predicted to reach a value of US$ 102.55 billion by 2023. With SWOT analysis of healthcare sector-based companies and Porter’s Five Force model analysis based findings and understanding challenges such as low research and development budgets and the increasing demand for highly skilled professionals, companies in the healthcare sector can change the way business is done.
Industry News
PerkinElmer, Inc. and Immunodiagnostic Systems Holdings PLC have revealed that the two companies have agreed on the terms of a proposed all-cash offer in which PerkinElmer would pay $155 million (£110 million) for IDS. The deal is scheduled to conclude in the third quarter of 2021, subject to shareholder approvals. PerkinElmer would be able to expand its overall Diagnostics operation, as well as its immunodiagnostics area, because of this purchase. Furthermore, the agreement will allow PerkinElmer to better serve clients throughout the world by combining its channel experience and testing capabilities with IDS' finest chemiluminescence solutions in endocrinology, autoimmune, and contagious diseases.
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In vitro diagnostics are tests that can detect diseases, conditions, or infections.
Some tests are used in laboratory or other health professional settings and other tests are for consumers to use at home.In Vitro Diagnostic (IVD) tests are a subset of medical devices.
In vitro diagnostic tests are used for in vitro examination of specimens derived from the human body to provide information for screening, diagnosis, or treatment monitoring purposes.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-in-vitro-diagnostic-s-2019-2024-708According to this study, over the next five years the In Vitro Diagnostic (IVD) Products market will register a 6.8% CAGR in terms of revenue, the global market size will reach US$ 91480 million by 2024, from US$ 65820 million in 2019.
In particular, this report presents the global market share (sales and revenue) of key companies in In Vitro Diagnostic (IVD) Products business, shared in Chapter 3.This report presents a comprehensive overview, market shares, and growth opportunities of In Vitro Diagnostic (IVD) Products market by product type, application, key manufacturers and key regions and countries.This study considers the In Vitro Diagnostic (IVD) Products value and volume generated from the sales of the following segments:Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.Immuno DiagnosticsChemistry DiagnosticsMolecular DiagnosticsPOCTOtherSegmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.HospitalsLaboratoryOtherThis report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.AmericasUnited StatesCanadaMexicoBrazilAPACChinaJapanKoreaSoutheast AsiaIndiaAustraliaEuropeThe report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.The key manufacturers covered in this report: Breakdown data in in Chapter 3.RocheAbbottDanaherSiemens HealthineersThermo Fisher ScientificSysmexBiomerieuxOrtho Clinical DiagnosticsBecton DickinsonBio-Rad LaboratoriesHologicJohnson and JohnsonQiagenMyriad GeneticsWondfoKHBDAAN GeneLeadman BiochemistryMindrayBioSinoIn addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole.
It also analyzes key emerging trends and their impact on present and future development.Research objectivesTo study and analyze the global In Vitro Diagnostic (IVD) Products consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.To understand the structure of In Vitro Diagnostic (IVD) Products market by identifying its various subsegments.Focuses on the key global In Vitro Diagnostic (IVD) Products manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.To analyze the In Vitro Diagnostic (IVD) Products with respect to individual growth trends, future prospects, and their contribution to the total market.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).To project the consumption of In Vitro Diagnostic (IVD) Products submarkets, with respect to key regions (along with their respective key countries).To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.To strategically profile the key players and comprehensively analyze their growth strategies.Get the Complete Report & TOC @ https://www.grandresearchstore.com/life-sciences/global-in-vitro-diagnostic-s-2019-2024-708Table of content2019–2024 Global In Vitro Diagnostic (IVD) Products Consumption Market Report1 Scope of the Report1.1 Market Introduction1.2 Research Objectives1.3 Years Considered1.4 Market Research Methodology1.5 Economic Indicators1.6 Currency Considered2 Executive Summary2.1 World Market Overview2.1.1 Global In Vitro Diagnostic (IVD) Products Consumption 2014–20242.1.2 In Vitro Diagnostic (IVD) Products Consumption CAGR by Region2.2 In Vitro Diagnostic (IVD) Products Segment by Type2.2.1 Immuno Diagnostics2.2.2 Chemistry Diagnostics2.2.3 Molecular Diagnostics2.2.4 POCT2.2.5 Other2.3 In Vitro Diagnostic (IVD) Products Consumption by Type2.3.1 Global In Vitro Diagnostic (IVD) Products Consumption Market Share by Type (2014–2019)2.3.2 Global In Vitro Diagnostic (IVD) Products Revenue and Market Share by Type (2014–2019)2.3.3 Global In Vitro Diagnostic (IVD) Products Sale Price by Type (2014–2019)2.4 In Vitro Diagnostic (IVD) Products Segment by Application2.4.1 Hospitals2.4.2 Laboratory2.4.3 Other2.5 In Vitro Diagnostic (IVD) Products Consumption by Application2.5.1 Global In Vitro Diagnostic (IVD) Products Consumption Market Share by Application (2014–2019)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: [email protected] Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
According to the latest report by Renub Research, titled "Japan In Vitro Diagnostics (IVD) Market, By Diagnostics, Companies, Reimbursements, Porter's Model, Growth Drivers, Opportunities Challenges" Japan is facing the problem of the ageing population as it has a large population of people more than 65 years of age.
All of these diseases with the help of IVD test, conditions can be detected early, which leads to early intervention, thus improving patient outcomes, saving lives, and the cost of costly late-stage care.
Increase in the number of IVD laboratories around Japan is enabling patients to get better diagnostic facilities.
According to Renub Research, Japan In Vitro Diagnostic Market is forecasted to be USD 4.43 Billion by 2026.Besides, growth in adoption of genetic testing, point-of-care testing, molecular diagnostics, Polymerase Chain Reaction (PCR), personalized medicine and Next-Generation Sequencing (NGS) is expected to drive the growth of the in vitro diagnostics industry in Japan during the forecast period.
Japan is being considered to have one of the robust clinical laboratories globally.COVID-19 Impact on Japan IVD MarketThe demand for in-vitro diagnostic products is expected to grow in Japan, due to the COVID-19 pandemic is likely to increase due to factors such as growth in consumer demand for PCR, NGS, serology-based rapid-test products, the supportive regulatory environment for drug creation & marketing and a sharp increase in target patient population.Request a free Brochure copy of the report: https://www.renub.com/request-brochure-page.php?gturl=japan-in-vitro-diagnostics-market-p.phpMarket Summary:By Diagnostics: This research report has covered the market and market share of Self Monitoring of Blood Glucose (SMBG), Tumor Marker, Infectious Disease, Urine & Feces, Hematology, Immunology, Microbiology, Clinical Chemistry, Pathology and Genetic Testing.By Companies: This research report has covered Company Overview, Recent Development or Strategy, and Revenue analysis for Becton Dickinson, Biomerieux, Abbott Laboratories, Roche Diagnostics, and Danaher Corporation.About Company:Renub Research is a Market Research and Consulting Company.
We provide wide range of business research solutions that helps companies in making better business decisions.
Factors such as increasing burden of chronic diseases (majorly due to the rising geriatric population), rising prevalence of infectious diseases, rising demand for early disease diagnosis using specialized tests, growing awareness on personalized medicine, increasing adoption of fully-automated instruments and automation in laboratories, and increasing adoption of point-of-care testing are driving the market growth.The In Vitro Diagnostics Market is projected to reach USD 87.93 billion by 2023 from USD 68.12 billion in 2018, at a CAGR of 5.2%.The oncology segment is expected to grow at the highest CAGR in the in vitro diagnostics marketThe IVD market, by application is segmented into infectious diseases, diabetes, oncology, cardiology, drug testing/pharmacogenomics, HIV/AIDS, autoimmune diseases, nephrology, and other applications (including genetic disease screening and human leukocyte antigen typing).
The increasing number of cancer cases across the globe, growing demand for personalized medicine treatment, the increasing utility of biomarkers, and availability of funding for cancer research are some of the major factors propelling the growth of this application segment.Download PDF Brochure: - https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=703 Point-of-care testing segment will continue to grow at higher rate till 2023.On the basis of end users, the in vitro diagnostics market is segmented into hospitals, laboratories, poit-of-care testing, patient self-testing, academic institutes, and other end users.
The hospitals segment held the largest share of this market in 2017, while point-of-care testing segment is expected to register highest growth during the forecast period.Regional Analysis:-The in vitro diagnostics market, by region, has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
In 2017, North America dominates the market; and Asia Pacific is expected to witness the highest CAGR during the forecast period, owing to factors such as government efforts to increase awareness about the early detection of diseases and regular health check-ups; continuously rising healthcare expenditure; increasing number of hospitals and clinical diagnostic laboratories in India and China; and strengthening research base for diagnostic procedures across India, China, and Japan.Read More: - https://www.marketsandmarkets.com/PressReleases/ivd-in-vitro-diagnostics.aspTop Key players:-The top five players in this market hold a share of ~55–60% in 2017.
Roche Diagnostics Limited (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Abbott Laboratories (US), and Thermo Fisher Scientific (US) are the leading players in this market.About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
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