(PharmaNewsWire.Com, December 21, 2017 ) According to the report Europe In-vitro Diagnostics Market, published by Market Data Forecast, the market is at USD 12.48 billion in 2015 and projected to reach USD 16.01 billion by 2020, at a CAGR of 5.1%.
In-vitro Diagnostics are medical devices and accessories which are used to perform tests on samples taken from the human body like blood, urine and tissue in order to detect infection, prevent disease, diagnose and monitor drug therapies. These devices can range from simple tests to sophisticated DNA technology including testing kits, reagents, control materials, calibrators, software, and related instruments. The main aim of the In-vitro diagnostics is to protect the health and safety of patients and users. Most of the in-vitro diagnostics tests are used in laboratory or other health homes and other tests are for consumers to use at home.
Europe In-vitro Diagnostics Market: Drivers & Restraints Growing acceptance of molecular diagnostics in personalized medicine, technologically advanced testing methods for disease diagnosis, increasing prevalence of chronic diseases, rise in the number of clinical laboratories with improved infrastructure and growing advanced IVD testing services in the developed countries. However, lack of reimbursement, stringent FDA regulations and increasing healthcare cost are restraining the growth of the Europe In-vitro Diagnostics Market.
By Product o Instruments o Reagents and Kits o Software
By Technology o Clinical Chemistry o Hematology o Immunoassays o Coagulation and Hemostasis o Molecular Diagnostics o Microbiology o Other in-vitro diagnostics technologies
By Application o Diabetes o Infectious Diseases o Oncology/Cancer o Cardiology o Nephrology o Autoimmune Diseases o Drug Testing o HIV
Europe In-vitro Diagnostics Market: Overview In the past decade, in-vitro technologies are used in clinical labs for pregnancy test and one can take the tests at home by placing urine samples on test sticks. Similarly, the HIV test can also be conducted at home using a mouth swab that is inbuilt in the diagnosis device provides results. There could be a huge rise in the In-vitro Diagnostics market share from the emerging economies as well, as diagnostic companies are focusing on capitalizing on the untapped markets in the medical sector.
Europe In-vitro Diagnostics Market: Region-wise Outlook On the basis of geography Europe market for In-Vitro diagnostics is segmented into United Kingdom, Germany, France, Italy and Spain. Germany leads the Europe In-vitro Diagnostics Market followed by the France and U.K. Europe is one of the region dominate the global market owing to the improved clinical laboratory infrastructure and increasing healthcare expenditure.
Key Questions Answered What is the current and future in-vitro diagnostics market outlook in Europe? What trends are affecting the Europe market? What is the competitive landscape and market share of major players in the in-vitro diagnostics market in Europe? What are the key, high growth markets that in-vitro diagnostics equipment manufacturers should expand into? Which market segments are growing the fastest? What are the unmet needs with the in-vitro diagnostics currently on the market? How will emerging technologies fulfil these unmet needs? What is physician perception and market outlook of in-vitro diagnostics? What are the challenges and barriers that have hindered widespread adoption of in-vitro diagnostics?
Europe In-vitro Diagnostics Market: Key Players Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global In-vitro Diagnostics market. Other companies which account for a significant share in the In-vitro Diagnostics market are Biomιrieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation and Thermo Fisher Scientific, Inc.
Reasons to buy Europe In-vitro Diagnostics Market Report: Regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is prospering Segment-level analysis on basis of product type, application, colour along with market size forecasts and y-o-y 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 macro and micro environmental factors that affect the market presented in an extensive strategic analyses section containing PESTLE and Porters Five Forces Analyses A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), 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 Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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