In Vitro Diagnostics Market Research Report, By Type, Technique, Therapeutic Application, End Users and Geography – Global Market Share, Trend Analysis and Forecast up to 2024

Report Code: 1131
Publish Date: August 2017

  Corporate License($4200)

  Single User License($3700)

Product Description

Global in-vitro diagnostics market was valued at USD 62.3 billion in 2016 and the market is projected to grow at a compound annual growth rate of in between 5 to 6% during the forecast period 2019 to 2024. The global in-vitro diagnostics market is segmented as product type, technique, therapeutic application, end user and geography. The products are further sub segmented as, instruments, reagents & consumables, data management software and services. The major techniques covered in the reports are immunoassay, clinical chemistry, microbiology, molecular diagnostics, hematology, coagulation & homeostasis and Others. The global in vitro diagnostics market is further segmented by therapeutic application such as infectious diseases, cancer/oncology, endocrinology, cardiology, diabetes, nephrology and others. The report covers market share of end users of in vitro diagnostics market such as hospitals, clinical laboratories, academic & research institutes, physician offices, patient-self testing and others. The report includes extensive market analysis of Americas, Europe, Asia-Pacific and Africa and Middle-East regions.

Global in vitro diagnostics market is driven by factors such as growing prevalence of various life style diseases, chronic and age related diseases, ease of testing various parameters at home or doctor’s office increasing the trend of point of care IVD market, large number of companies available with varied range of devices and reagents etc. The growth of the market is hindered by factors such as increasing cost of quality product …etc.

Immunoassay and clinical chemistry analyzers market together dominated the global IVD market in 2017 with the largest market share globally. Molecular diagnostics is the fastest growing market segment, anticipated to grow at a CAGR of ~ 8.0% from 2019 to 2024. Physician offices end user segment is anticipated to grow at a highest pace of CAGR from 2019 to 2024 and it is anticipated to be USD ~ 13.0 billion in 2024.  Americas and Europe together are the largest market, accounted more than 75% of share in 2017. However Asia Pacific IVD market is anticipated to expand at a highest pace of growth rate from 2019 to 2024.

Axiom MRC conducted in depth market research study across 25 countries of Americas, Europe, Asia Pacific and MEA regions to bring various valuable market insights of IVD market such as, market share by technology, market share of global and local players, competitive landscape, market drivers and restraints, technological trends and country specific regulations.

The key players operating in this market includes Abbott Laboratories, Roche Diagnostics, Siemens Healthcare, GE Healthcare, Danaher Corporation, Johnson & Johnson, Sysmex Corporation, Becton Dickinson, bioMerieux, Bayer Healthcare, Thermo Fisher and Alere.

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Axiom MRC’s Qual-Quant data modeling tool is an in-house developed tool, which is based on the fundamentals such as Top Down and Bottom Up approaches. The data model compares diagnostics devices, treatment devices market etc. markets to estimate and validate the qualitative and quantitative findings across various countries. It also allows to analyze the market value chain in comparison with main market i.e. global healthcare devices market to arrive at holistic and factual findings of the markets. All our secondary findings are verified and validated by the industry experts and subject matter experts which typically include :-  CEOs/CMOs of the key IVD companies  Key Opinion Leaders such as Research Experts, Consultants, Knowledge Professionals and others  Managers and top executives of key players  Healthcare Professionals  Commercial IVD laboratories