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In-Vitro Diagnostic Market Outlook 2019 | Shows Industry Overview, Size, Share, Remarkable Growth Factors, Types, and Applications Forecast to 2024

In-Vitro

The “In-Vitro Diagnostic Market” research report 2019-2024 delivers comprehensive information and valuable insights about the In-Vitro Diagnostic industry. The information available in the In-Vitro Diagnostic market report is not only based on the facts but also on the case studies, which analysts have included to convey appropriate information to the clients in a well-versed manner. In-Vitro Diagnostic market report includes valuable information to assist new entrants, as well as established players, to understand the prevailing trends in the market.

Some Companies Are Covered in the In-Vitro Diagnostic Market:

  • BioMérieux
  • Danaher Corporation
  • F. Hoffmann
  • La Roche AG
  • Becton, Dickinson and Company
  • Bio
  • Rad Laboratories, Inc.
  • Abbott Laboratories
  • Arkray Inc.
  • Sysmex Corporation
  • Ortho Clinical Diagnostics
  • Siemens Healthcare GmbH
  • Thermo Fischer Scientific Inc.
  • QIAGEN N.V.

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    Market Overview:

  • Global In-Vitro Diagnostic market was valued at USD 59,272.87 million in 2018 and is estimated to be valued at USD 82,626.27 million in 2024, witnessing a CAGR of 4.81%. The growth of the global IVD market can be attributed to the high prevalence of chronic and infectious diseases. Chronic diseases are a growing global challenge, and according to WHO estimates, account for approximately 60% of all deaths, worldwide. The current market is also growing due to the use of advanced technologies in the IVD market. There has been a paradigm shift from traditional diagnostics to a new generation diagnostics of that works at the gene level. This was made possible by the inclusion of advanced technologies, such as genetic testing, molecular diagnostics, polymerase chain reaction (PCR) and next-generation sequencing (NGS).

    Scope of the Report:

  • As per the scope of this report, in vitro diagnostics involves medical devices and consumables that are utilized to perform in vitro tests on various biological samples. They are used for the diagnosis of various medical conditions, such as chronic diseases.

    Reasons for Buying In-Vitro Diagnostic Market Report:

    • This report provides pin-point analysis for changing competitive dynamics
    • It provides a forward looking perspective on different factors driving or restraining market growth
    • It provides a five-year forecast assessed on the basis of how the market is predicted to grow
    • It helps in understanding the key product segments and their future
    • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
    • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

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    Key Market Trends:

    Reagent is Expected to hold its Highest Market Share in the Product Segment

    In the product segment of the In-Vitro Diagnostic market, the reagent is believed to have the largest market size and is expected to witness a CAGR of 4.8% in the forecast period.

    The reagent segment of the market studied includes chemical, biological, or immunological components, solutions, or preparations intended by the manufacturer to be used during the in-vitro diagnosis process. Given the high cost of many diagnostic platforms, it is common for manufacturers to lease equipment instead of selling technology outright to end users. In these arrangements, the lease is tied to contracts to purchase associated reagents or assays for the equipment over the life of the contract. Many diagnostic companies have in excess of 75% of sales from consumables such as assays and reagents, and such agreements guarantee the generation of cyclic revenues associated with the sale of reagents and other consumables.

    Many developing countries have established local immunoassay reagent programs to manufacture low-cost, high-quality immunoassay reagents. Kits from these projects are now beginning to become available and are likely to fuel the market expansion.

    North America Dominates the Market and is Expected to continue its Dominance in the Forecast Period

    North America currently dominates the market for In-Vitro Diagnostic and is expected to continue its stronghold for a few more years. This region is expected to increase its market share in the future owing to the well-established healthcare industry and rising prevalence of the chronic diseases in the region. The United States holds the majority of the market in the North America region; this is due to the rising healthcare expenditure, along with rapid adoption of point-of-care testing.

    In-Vitro Diagnostic Market Report Provides Comprehensive Analysis of:

    • Functional market industry outline
    • Up and downstream industry examination
    • Channels and propositions believability
    • Market challenge by key players
    • Enhancement suggestions examination

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    Report Highlights:

    • Market Dynamics – Drivers, Restraints, and Opportunities
    • Market Segmentation – Types, Applications, Regions, and Technology
    • Market Trends
    • Competitive Landscape
    • SWOT Analysis and Porter’s Five Forces Analysis

    Detailed TOC of In-Vitro Diagnostic Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 High Prevalence of Chronic Diseases
    4.2.2 Increasing Use of Point-of-care (POC) Diagnostics
    4.2.3 Advanced Technologies
    4.2.4 Increasing Awareness and Acceptance of Personalized Medicine and Companion Diagnostics
    4.3 Market Restraints
    4.3.1 Stringent Regulations
    4.3.2 Cumbersome Reimbursement Procedures
    4.4 Porter’s Five Force Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Technique
    5.1.1 Histochemistry
    5.1.2 Molecular Diagnostics
    5.1.3 Hematology
    5.1.4 POC Testing
    5.1.5 Self-blood Glucose Testing
    5.1.6 Immunochemistry
    5.1.7 Other Techniques
    5.2 By Product
    5.2.1 Instrument
    5.2.2 Reagent
    5.2.3 Others
    5.3 By Usability
    5.3.1 Disposable IVD Devices
    5.3.2 Reusable IVD Devices
    5.4 By Application
    5.4.1 Infectious Disease
    5.4.2 Diabetes
    5.4.3 Cancer/Oncology
    5.4.4 Cardiology
    5.4.5 Autoimmune Disease
    5.4.6 Nephrology
    5.4.7 Drug Testing
    5.4.8 Other Applications
    5.5 By End Users
    5.5.1 Academia
    5.5.2 Laboratories
    5.5.3 Hospitals & Clinics
    5.5.4 Other End Users
    5.6 Geography
    5.6.1 North America
    5.6.1.1 US
    5.6.1.2 Canada
    5.6.1.3 Mexico
    5.6.2 Europe
    5.6.2.1 Germany
    5.6.2.2 UK
    5.6.2.3 France
    5.6.2.4 Italy
    5.6.2.5 Spain
    5.6.2.6 Rest of Europe
    5.6.3 Asia Pacific
    5.6.3.1 China
    5.6.3.2 Japan
    5.6.3.3 India
    5.6.3.4 Australia
    5.6.3.5 South Korea
    5.6.3.6 Rest of Asia-Pacific
    5.6.4 Middle East and Africa
    5.6.4.1 GCC
    5.6.4.2 South Africa
    5.6.4.3 Rest of Middle East and Africa
    5.6.5 South America
    5.6.5.1 Brazil
    5.6.5.2 Argentina
    5.6.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 BioMérieux
    6.1.2 Danaher Corporation
    6.1.3 F. Hoffmann-La Roche AG
    6.1.4 Becton, Dickinson and Company
    6.1.5 Bio-Rad Laboratories, Inc.
    6.1.6 Abbott Laboratories
    6.1.7 Arkray Inc.
    6.1.8 Sysmex Corporation
    6.1.9 Ortho Clinical Diagnostics
    6.1.10 Siemens Healthcare GmbH
    6.1.11 Thermo Fischer Scientific Inc.
    6.1.12 QIAGEN N.V.

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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