Press Release

In-vitro Diagnostics Market 2021 Size & Share | Market worth USD 87.11 billion with 4.5% CAGR by 2027

Introduction of new techniques for disease diagnosis is a key factor driving the global in-vitro diagnostics market, states Fortune Business Insights in a report, titled “In-vitro Diagnostics Market” Size, Share & Industry Analysis, By Product Type (Instruments, Reagents & Consumables), By Technique (Immunodiagnostics, Clinical Chemistry, Molecular Diagnostics, Point of Care, Hematology and Others), By Application (Infectious Diseases, Cardiology, Oncology, Gastroenterology, Others), By End User (Clinical Laboratories, Hospitals, Physicians Offices, Others) and Regional Forecast, 2019-2026.” According to the report, the global in-vitro diagnostics market was valued at USD 61.22 Billion in 2018 is predicted to reach USD 87.11 Billion by 2026, exhibiting a CAGR of 4.5% during the forecast period.

As per the report published by Fortune Business Insights, the reagents and consumables segment is expected to hold maximum shares in the global-vitro diagnostics market during the forecast period owing to the increasing research and development activities for the diagnosis of chronic diseases. In addition, the escalating demand for self-test and point-of-care devices will subsequently increase the demand for reagents and consumables segment, which, will, in, turn boost the global in-vitro diagnostics market revenue during the forecast period.

The report offers an elaborative overview of the trends prevailing in the in-vitro diagnostics industry.  It also includes exclusive data which provides information about the in-vitro diagnostics market dynamics and competitive landscape. The report gives weightage to the segmentation in the global in-vitro diagnostics market and provides proficient facts and figures besides offering informative tools to assist companies in their overall business growth.

Major In-Vitro Diagnostics Market Key players covered in the report include:

  • Thermo Fisher Scientific Corporation
  • Life Technologies Corporation
  • Biomerieux SA
  • Gen-Probe Incorporated
  • Becton Dickinson
  • Johnson & Johnson
  • Abbot

Get Request a Sample Copy of the In-Vitro Diagnostics Report:

https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/in-vitro-diagnostics-ivd-market-101443

Our research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers and acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.

It offers figurative estimations for upcoming years on the basis of the recent developments and historic data. For gathering information and estimating revenue for all segments, researchers have used top-down and bottom-up approaches. On the basis of data collected from primary and secondary research and trusted data sources the report will help both existing and new aspirants for market to figure out and study the market’s needs, market size, and competition.

In-Vitro Diagnostics Market Analysis 2021:

Increasing Prevalence of Chronic and Infectious Disease Will Enable Growth

The launch of diagnostic and rapid testing tools by leading market players will propel growth of the global in-vitro diagnostics market. For instance, Thermo Fisher Scientific launched Phadia 200 for diagnosis of allergy & autoimmune conditions. The launch of Phadia 200 is anticipated to increase the revenue of the company. According to the report, the reagents and consumables segment will account for a major portion in the global in-vitro diagnostics market during the forecast period owing to the adoption of self- test and point-of-care devices. Furthermore, the instrument segment is likely to grow at a moderately slower pace during the forecast period. Rising technological advancement is predicted to aid growth of the segment. Moreover, the increasing cases of cancer and infectious disease around the world will further accelerate global in-vitro diagnostics market growth.

Increasing Preference towards In-Vitro Diagnostics to Boost Market

Recent advancements made in in-vitro diagnostic solutions have been fruitful for end users as well as companies and manufacturers. Due to the portability factor, many geriatrics prefer in-vitro diagnostics method over other methods. In addition to geriatrics, in-vitro diagnostics help in the treatment of those with severe chronic ailments and bowel disorders or muscle and joint injuries, wherein physical movements are limited. Backed by increasing demand, many companies are setting up in-vitro diagnostic centres with the aim of maximizing their profit. Growing adoption of in-vitro diagnostics by companies and end-users is boosting the global IVD market and is likely to enable growth of this market in the forecast period.

Increasing FDA Approvals for In-Vitro Reagents to Boost the Global Market

The reagents used in in-vitro diagnostic play a critical role in the overall efficiency and productivity of the diagnostic method. Reagents are used in devices to diagnose, analyse, and monitor the patients’ health conditions. Reagents can either be biological or chemical in nature. Recently, there has been an increasing awareness and realization about the benefits of these in-vitro reagents. Encouraged by numerous advantages and lesser drawbacks, regulatory authorities such as the FDA are passing clinical approvals for in-vitro reagents.

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Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • New Product Launches, By Key Market Players
    • Prevalence of Key Diseases, By Key Regions/ Key Countries
    • Reimbursement Policies, By Key Regions
    • Key industry Developments – Mergers, Acquisitions and Partnerships
  • Global In-vitro Diagnostics Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Type
      • Instruments
      • Reagents & Consumables
    • Market Analysis, Insights and Forecast – By Technique
      • Immunodiagnostics
      • Clinical Chemistry
      • Molecular Diagnostics
      • Point of Care
      • Hematology
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Infectious Diseases
      • Cardiology
      • Oncology
      • Gastroenterology
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Clinical Laboratories
      • Hospitals
      • Physicians’ Offices
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa
  • North America In-vitro Diagnostics Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis – By Product Type
      • Instruments
      • Reagents & Consumables
    • Market Analysis, Insights and Forecast – By Technique
      • Immunodiagnostics
      • Clinical Chemistry
      • Molecular Diagnostics
      • Point of Care
      • Hematology
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Infectious Diseases
      • Cardiology
      • Oncology
      • Gastroenterology
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Clinical Laboratories
      • Hospitals
      • Physicians’ Offices
      • Others
    • Market Analysis, Insights and Forecast – By Country
      • U.S.
      • Canada
  • Europe In-vitro Diagnostics Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Type
      • Instruments
      • Reagents & Consumables
    • Market Analysis, Insights and Forecast – By Technique
      • Immunodiagnostics
      • Clinical Chemistry
      • Molecular Diagnostics
      • Point of Care
      • Hematology
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Infectious Diseases
      • Cardiology
      • Oncology
      • Gastroenterology
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Clinical Laboratories
      • Hospitals
      • Physicians’ Offices
      • Others
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • U.K.
      • Germany
      • France
      • Spain
      • Italy
      • Scandinavia
      • Rest of Europe
  • Asia Pacific In-vitro Diagnostics Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Product Type
      • Instruments
      • Reagents & Consumables
    • Market Analysis, Insights and Forecast – By Technique
      • Immunodiagnostics
      • Clinical Chemistry
      • Molecular Diagnostics
      • Point of Care
      • Hematology
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Infectious Diseases
      • Cardiology
      • Oncology
      • Gastroenterology
      • Others
    • Market Analysis, Insights and Forecast – By End User
      • Clinical Laboratories
      • Hospitals
      • Physicians’ Offices
      • Others
    • Market Analysis, Insights and Forecast – By Country/ Sub-region
      • Japan
      • China
      • India
      • Australia
      • Southeast Asia
      • Rest of Asia Pacific

Toc Continue…

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