(PharmaNewsWire.Com, July 21, 2017 ) According to the report North America In-Vitro Diagnostics Market, published by Market Data Forecast, the North America market is projected to reach USD 27.67 billion by 2021, at a CAGR of 4.7% from 2016 to 2021
In-Vitro diagnostics are tests that can help in detecting conditions, diseases or infections. Some of these tests are performed in laboratory or healthcare settings while other tests are for consumers can use at home.
In-Vitro diagnostics test body fluids or sample of tissue for microbial cultures or blood glucose. They are also used for testing imbalance in calcium levels in the body, changes in the liver function and electrolytes in the blood such as urea, sodium, potassium and Creatinine. The end users of In Vitro diagnostics market are generally Laboratories, Academic institutions, Hospitals, Point-of-care testing centres. There are around 40,000 IVD products available in the market assisting patients and specialists on a wide range of conditions
North America is the largest market for In-Vitro diagnostics owing to its innovations and technological advancements. Increasing prevalence of diabetes and Rising geriatric population base are the key factors driving the growth of the market. Increasing awareness about various diseases is one of the reasons for the growth of In-Vitro diagnostics market in the forecast period. However unclear reimbursement policies and stringent regulatory policies are restraining the growth of the market.
The In-Vitro Diagnostics Market is segmented as following: Based on Product: Instruments Reagents and Kits Software Based on Technology Clinical Chemistry Hematology Immunoassays Coagulation and Hemostasis Molecular Diagnostics Microbiology Other IVD technologies Based on Application Diabetes Infectious Diseases Oncology/Cancer Cardiology Nephrology Autoimmune Diseases Drug Testing HIV
The major companies operating in the North America In-Vitro Diagnostics Market are Siemens Healthcare, Becton Dickinson, Roche Diagnostics, Johnson and Johnson, and Beckman Coulter Inc., Abbott Laboratories. Other companies which account for a significant share in the IVD market are Ortho Clinical Diagnostics, Inc., Danaher Corporation, Bio-Rad Laboratories, Inc., Biomιrieux, Sysmex Corporation and Thermo Fisher Scientific, Inc.
The In-Vitro Diagnostics Market study offers the following deliverables: North America, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the North America market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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