The global In-Vitro Diagnostics Market is expected to reach USD 99.51 Billion by 2027, according to a new report by Emergen Research. The growth in the in vitro diagnostic market is due to the rise in the study and new innovations in genomic and proteomic services in the industry. The unexplored sectors are providing ample opportunities for the growth of the market in the coming years. Further, the increase in research and development facilities in molecular diagnostics and the development of new products is fueling market growth. The innovative launch of various techniques, application of in vitro diagnostic in therapeutic areas are propelling the market growth.
The severe global crisis has prompted organizations to efficiently respond to the rapidly shifting business environment. Therefore, the report fully covers the profound impact of COVID-19 on this industry, with a special focus on the affected industry segments. The latest research report can be viewed as a valuable source of viable data and information pertaining to this particular business vertical. It provides a complete overview of the In-Vitro Diagnostics industry, considering the future growth analysis, demand, and supply graphs, as well as historical and future costs and revenue generation.
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Other driving factors of the market are the growing geriatric population, the prevalence of alternative lifestyle that causes chronic diseases, the rise in infectious diseases, increasing awareness regarding personalized medicine, and an increase in adoption of point-of-care testing. Strict regulatory framework and inadequate reimbursement will impede market growth.
Growing incidences of surgical procedures are anticipated to fuel the market demand. The rising prevalence of target diseases such as diabetes, gastrointestinal diseases, cancer, cardiac disorders, and infectious diseases are contributing to market growth positively. Due to this scenario, the developments in the diagnostic industry to aid in the treatment of such severe diseases becomes important.
The global In-Vitro Diagnostics market study covers the current COVID-19 scenario that has turned the global business sphere upside down. The coronavirus has resulted in a major economic downturn worldwide, while also adversely impacting the growth of this industrial sector. The pandemic has brought about drastic changes in market conditions.
With a major focus on the growth trajectories of each segment of the market, the report inspects the operating patterns of each market contender, for instance, partnerships & collaborations, mergers & acquisitions, and new product launches, in a detailed manner.
Key participants include Siemens Healthineers, Roche Diagnostics, Danaher Corporation, bioMérieux, Abbott Laboratories, DiaSorin, Thermo Fisher Scientific, Inc., Ortho Clinical Diagnostics, QIAGEN, and Sysmex Corporation, among others.
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It offers a lucid picture of current trends in the global market, with an unbiased perspective of the leading market players, key regions/countries, end-use industries, and various product types.
- Product Outlook (Revenue, USD Billion; 2017-2027)
- Reagents & Kits
- Fully Automated Instruments
- Semi-Automated Instruments
- Data Management Software
- Devices Outlook (Revenue, USD Billion; 2017-2027)
- Reusable IVD Devices
- Disposable IVD Devices
- Application Outlook (Revenue, USD Billion; 2017-2027)
- Infectious Diseases
- Gastrointestinal Disease
- Autoimmune Diseases
- Cardiac Disease
- Drug Testing /Pharmacogenomics
- Nephrological Disease
- Technique Outlook (Revenue, USD Billion; 2017-2027)
- Clinical Chemistry
- Molecular Diagnostics
- Coagulation and Hemostasis
- Other IVD Technologies
- End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals & Clinics
- Diagnostic Laboratories
- Homecare Settings
The market intelligence report exhaustively examines the market value, share, demand, growth prospects, latest and historical trends, manufacturers, gross revenue collection, competitive terrain, market growth forecast, available products, and end-use applications.
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Regional Outlook (Revenue, USD Billion; 2017-2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Saudi Arabia
- Rest of MEA
Key questions addressed in the report:
- What are the key factors driving the global In-Vitro Diagnostics market?
- Who are the key manufacturers in this market space?
- Who are the distributors, traders and dealers of this market?
- What are the market opportunities and risks affecting the performance of the vendors in the global In-Vitro Diagnostics market?
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Global In-Vitro Diagnostics Market Report – Table of Contents:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Key Insights
Chapter 4. In-Vitro Diagnostics Market Segmentation & Impact Analysis
4.1. In-Vitro Diagnostics Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
22.214.171.124. Rise in the prevalence of target diseases
126.96.36.199. Increase in research and development in In-Vitro diagnostic
188.8.131.52. Rising investment by government and private organization
4.2.3. Market restraints analysis
184.108.40.206. Strict regulatory framework
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. In-Vitro Diagnostics Market By Product Insights & Trends, Revenue (USD Million)
5.1. Product Dynamics & Market Share, 2019 & 2027
5.1.1. Reagents & Kits
220.127.116.11. Fully Automated Instruments
18.104.22.168. Semi-Automated Instruments
5.1.3. Data Management Software
Chapter 6. In-Vitro Diagnostics Market By Devices Insights & Trends Revenue (USD Million)
6.1. Devices Dynamics & Market Share, 2019 & 2027
6.1.1. Reusable IVD Devices
6.1.2. Disposable IVD Devices
Chapter 7. In-Vitro Diagnostics Market By Application Insights & Trends Revenue (USD Million)
7.1. Application Dynamics & Market Share, 2019 & 2027
7.1.2. Infectious Diseases
7.1.4. Gastrointestinal Disease
7.1.5. Autoimmune Diseases
7.1.6. Cardiac Disease
7.1.7. Drug Testing /Pharmacogenomics
7.1.9. Nephrological Disease
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