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In Vitro Diagnostics/IVD Market by Product, Technology, Application - Forecast to 2021

In Vitro Diagnostics/IVD Market: Forecast until 2021

  • December 2016
  • 304 pages
  • ID: 4436645
In this report:
The U.K. had a share of ##.##% of the IVD market in Europe in 2015, and it is expected to grow to USD ##,##.## million by 2021 from USD ##,##.## million in 2016 at a CAGR of ##.##%, driven by the rapidly aging population, growing number of infectious diseases, increasing demand for personalized medicine, and rising acceptance of point-of-care diagnostics and patient self-testing practices.

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The overall IVD market is estimated to grow ~$78.7B by 2021, at a compound annual growth rate of 5.50 percent during the forecast period of 2016 to 2021. Increase in this sector is mainly driven by the growing prevalence of diseases including diabetes, cardiovascular diseases, and across the world and shift in focus from centralized laboratories to decentralized point-of-care testing is also support the rise of the IVD market.

In this business report, the overall IVD market is split by products & services, technology, application, final user, and area. Established on technology, the IVD market is primarily divided into immunoassays/immunochemistry, clinical chemistry, molecular diagnostics, hematology, clinical microbiology, coagulation & hemostasis, and other technologies. The immunoassays/immunochemistry segment recorded for the biggest share of the IVD market in 2015. The increasing preference for these technologies in clinical diagnostics over conventional methods and the ability of immunoassay/immunochemistry technologies to offer faster results with high sensitivity and accuracy are contributing to the increase of immunoassays/immunochemistry market during projection period.

Established on application, the sector is divided into diabetes, infectious diseases, oncology/cancer, cardiology, HIV/AIDS, autoimmune diseases, nephrology, drug testing/pharmacogenomics, and other applications. In 2015, the infectious diseases segment recorded for the most important share of the IVD market. The oncology/cancer segment is projected to register the highest compound annual growth rate (CAGR) during the forecast period due to the increasing incidence of cancer forms that stimulates the industry demand for early detection of the disease.

In 2015, North America continent commanded the biggest share of the IVD market, succeeded by Europe (EU). The U.S.A is a prime market for IVD due to the growing acceptance of point-of-care diagnostics and patient self-testing practices in the area. The APAC market is anticipated to witness the highest increase in the next years primarily due to the increasing focus of manufacturers on this area.

Top actors in the overall IVD market are Roche Diagnostics, Abbott Laboratories (NYSE:ABT), Siemens Healthineers, Danaher (NYSE:DHR), Thermo Fisher Scientific (NYSE:TMO), Sysmex Corporation, BioRad (NYSE:BIO), bioMérieux, Becton Dickinson (NYSE:BDX), Becton, Dickinson and Company (BD) (NYSE:BDX), Johnson and Johnson, Ortho-Clinical Diagnostics, Incorporated, Qiagen N.V., and Diasorin S.P.A..

Segment Research

• Detailed insights on all the submarkets, established on technology (immunoassays/immunochemistry, clinical chemistry, molecular diagnostics, hematology, clinical microbiology, coagulation & hemostasis, and other technologies), this can benefit industry actors to distinguish high development segments in the IVD market.

• The report also offers info on top players in this industry and their increase strategies and latest developments. This can benefit the company to assess the competition at overall and regional levels in a better manner.

• Key insights and market sizing for the distinct end users of the IVD market that is, hospitals, laboratories, academic institutes, point-of-care testing, patient self-testing, and other end users.

• Country-wise market size and estimate for all the sub segments. Therefore, not only the high increase products & services, technology, application, and end user areas; the market size numbers provided in the industry report will also enable market actors to recognize top geographic industries, and thereby strategize overall marketing efforts in order to accomplish sustainable revenue increase in the next years.

• It offers key aspects on market forces, including drivers, market restraints, alternatives, and opportunities for this sector.

Reasons to Buy the Report

The study will increase established companies as well as new entrants/smaller companies to measure the pulse of the sector, which in turn would benefit them collect a larger market share. Companies obtaining the analysis could use one or an aggregation of the below-mentioned five strategies for rising their market shares.

This industry report offers business insights on these pointers:

• Market Uptake: Exhaustive data on the product types provided by key players in the IVD market. The market research examines the sector by product class across all areas

• Product Development/Innovative products: In-depth understanding on upcoming trends, Research&development activities, and recent product launches in the IVD market

• Market Development: Highlighted information on profitable emerging sectors, established on products & services, technology, application, end-user, and area

• industry diversification: Complete information about recent products, increasing regions, recent evolutions, and market investments in the IVD market

• opposing assessment: Detailed assessment of market shares, increase strategies, products, distribution networks, and manufacturing competences of key players in the IVD market

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