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In Vitro Diagnostics (IVD) Market Will Reach USD 87,207.9 Million by 2024: Meticulous Research®

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A report into the projected growth of the current IVD market by Meticulous Research® has produced lucrative forecasts for the industry. By 2024, the global IVD market is expected to reach $87.21 billion, growing at a CAGR of 5.7% from 2018.

— In Vitro Diagnostics (IVD) market has shown strong growth pattern in recent year’s majorly due to rising geriatric population and subsequent growth in the prevalence of chronic and infectious diseases, increasing adoption of fully automated instruments and automation in laboratories, and growing adoption of personalized medicine and point-of-care testing. In addition, development of condition-specific markers and tests and growing demand for IVD products in emerging countries provides significant opportunities for the various stakeholders in this market.

Meticulous Research® in its latest publication on In Vitro Diagnostics (IVD) market states that the global In Vitro Diagnostics (IVD) market will increase at a CAGR of 5.7% from 2018 to 2024 to reach USD 87,207.9 million by 2024. Wherein, geographically, North America commanded the largest share in this market followed by Europe. The major share of North America is mainly attributed to remarkably advanced healthcare industry with higher healthcare spending; technological advancements in diagnostic tests; growing investments in personalized medicine; increasing prevalence of chronic diseases; and presence of leading players in the region.

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The report provides meticulous analysis of global In Vitro Diagnostics (IVD) market by segmenting it on the basis of product (reagents, instruments, and software & services), technique (immunoassay, clinical chemistry, molecular diagnostics, microbiology, hematology, coagulation & hemostasis, urinalysis, and other IVD technologies), application (polymerase chain reaction, isothermal nucleic acid amplification technology, microarray, hybridization, and DNA sequencing & next-generation sequencing), application (infectious diseases, diabetes, cancer/oncology, endocrinology, cardiology, nephrology, and others), and end user (hospital laboratories, independent reference laboratories, point-of-care testing, patient self-testing, and academic & research institutes).

Wherein, among products, reagents & kits segment commanded the largest share in this market majorly due to incessant product launches, number of on-going research activities, and growing prevalence of various acute as well as chronic infectious diseases.

The key players analyzed in the global In Vitro Diagnostics (IVD) market are Roche Diagnostics (Switzerland), Danaher Corporation (U.S.), Abbott Laboratories (U.S.), Siemens Healthcare (Germany), Thermo Fisher Scientific Inc. (U.S.), Sysmex Corporation (Japan), bioMérieux S.A. (France), Becton, Dickinson and Company (U.S.), Bio-Rad Laboratories, Inc. (U.S.), DiaSorin S.p.A. (Italy), Qiagen N.V. (the Netherlands), and Agilent Technologies, Inc. (U.S.).

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Key Topics Covered in This Report:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Market Insights
5 Global In Vitro Diagnostics Market, by Product
6 In Vitro Diagnostics Market, by Technique
7 In Vitro Diagnostics Market, by Application
8 Global In Vitro Diagnostics Market, by End Users
9 In Vitro Diagnostics Market, by Geography
10 Competitive Landscape
11 Company Profiles (Includes Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12 Appendix

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Contact Info:
Name: Khushal
Email: Send Email
Organization: Meticulous Market Research Pvt. Ltd.
Address: Pune, India
Phone: +91-744-7780008

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Source: MarketersMedia

Release ID: 88889729

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