In-Vitro Diagnostics Market 2015 Key Insights and 2020 Forecast Analysis
According to the report "In-Vitro Diagnostics Market", published by Market Data Forecast, the global market is projected to reach USD 78.07 Billion by 2020, at a CAGR of 5.6% from 2015 to 2020.
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In-Vitro diagnostics involve tests that can help in detecting diseases, conditions or infections. A number of these tests are performed in laboratory or healthcare settings while other tests are for consumers to use at home. In-Vitro diagnostics are used to test a sample of tissue or body fluids for microbial cultures or blood glucose. In-Vitro diagnostics functions include testing changes in the liver function, imbalance in calcium levels in the body and electrolytes in the blood such as sodium, urea, potassium and Creatinine
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Global In-Vitro Diagnostics market is expected to witness growth owing to advancements in the IVD technologies. Rising geriatric population base, growing prevalence of diabetes are the key factors driving the growth of the market. Increasing Incidence of chronic diseases and rapidly evolving healthcare environment due to growing awareness about various diseases are expected to drive the In-Vitro market in the forecast period. Convergence of new technologies and potential opportunities for outsourcing are the major opportunities for future growth in the In-Vitro Diagnostics market
Global market for In-Vitro Diagnostics is segmented on the basis of product, technology and by application.
On the basis of product
•Reagents and kits,
•Data management system/software and services.
On the basis of technology
•Coagulation and Hemostasis,
•Other IVD technologies.
On the basis of application
•Drug testing and
On the basis of geography
•Latin America and
•Middle-East & Africa
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Abbott Laboratories, Johnson and Johnson, Siemens Healthcare, Becton Dickinson, Roche Diagnostics, and Beckman Coulter Inc. are the major players dominating the global IVD market. Other companies which account for a significant share in the IVD market are Biomérieux, Ortho Clinical Diagnostics, Inc., Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation and Thermo Fisher Scientific, Inc.
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