In Vitro Diagnostics (IVD) is used to detect any kind of infection and diseases by taking the specimen from the human body to cure diseases or its sequelae. These in vitro diagnostics products can be instruments, reagents, or any system used for the diagnosis of diseases. The report analyzed that the global in vitro diagnostics (IVD) devices market accounted for US$ 69.08 million in 2017. In vitro diagnostics are tests conducted on samples such as blood or tissue that have been taken from the human body to detect diseases or other conditions. It can be used to monitor a person’s overall health to help cure, treat, or prevent diseases.
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Some of the primary participants in In Vitro Diagnostics Devices Market includes Abbott Laboratories, Inc., Becton, Dickson and Company, Johnson & Johnson, Beckman Coulter, Inc., bioMérieux SA, Bio-Rad Laboratories, Inc., Randox Laboratories Ltd., Roche Holding AG, Siemens AG, Sysmex Corporation, Thermo Fisher Scientific, amongst others.
Rapidly growing demand for automated laboratory machines and equipment primarily will drive in-vitro diagnostics (IVD) industry growth. Adoption of advanced technologies in developed countries has led to modifications in the medical diagnostic machinery and equipment. Also, developed economies have focused their attempts on R&D activities to manufacture automated laboratory equipment for accurate disease detection.
Rising implementation of advanced diagnostic machinery should augment in vitro diagnostics business growth. Moreover, specific regulations laid by European Diagnostic Clusters Alliance (EDCA), on the manufacturers of IVD tools to meet patient’s safety will prove beneficial for the industry growth.
The report provides both, qualitative and quantitative research of the market, as well as integrates worthy insights into the rational scenario and favored development methods adopted by the key contenders. The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as Mergers; Acquisitions, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
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Geographically, the market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2018, North America is expected to dominate the market followed by Europe. The market in North America is primarily driven by the adoption of fully automated instruments, availability of government funds, growing use of molecular diagnostics in genetic disorders and cancer screening, and the presence of key players in the US.
In vitro Diagnostics Devices Market – By Medical Device
- Reagent Products
- Control Materials
- Equipment and System
Market by End-user
- Academic Institutes
- Patient Self-Testing
- Point-Of-Care Testing
Global In-Vitro Diagnostics Market, By Region:
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Rest of Middle East
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