In Vitro Diagnostics (IVD) Market Size To Soar Past US$ 25 Billion By 2024

GLOBAL IN VITRO DIAGNOSTICS (IVD) MARKET INDUSTRY INSIGHTS, TRENDS, OUTLOOK, OPPORTUNITY ANALYSIS, 2016–2024

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REPORT DESCRIPTION Global In Vitro Diagnostics (IVD) Market: Overview Diagnostic tools account for considerable share of global healthcare revenue. Its reach ranges from hospitals and clinics to that in research centers. As such, In Vitro Diagnostic (IVD) market share has witnessed increase in recent past, further highlighted its key role in the healthcare industry. IVD has led to cut down in hospital staying costs along with faster diagnosis results. According to the U.S. FDA, in-vitro diagnostic products are those reagents, instruments, and systems intended for use in diagnosis of disease or other conditions, including determination of the state of health, in order to cure, mitigate, treat, or prevent disease or its sequelae. Such products are intended for use in the collection, preparation, and examination of specimens taken from the human body.

Over the last decade, the In vitro diagnostics (IVD) market has witnessed substantial growth.

However, the growth trajectory witnessed declining motion between 2008 and 2012. The effect was prolonged to 2014 in Europe. Economic downturn in Europe coupled with low healthcare expenditure are factors responsible for marginal demand in IVD. However, as the healthcare growth trajectory is on growth path post-2015, especially in Asia Pacific, the In vitro diagnostics (IVD) market is expected to re-bounce to higher growth trajectory. Also, growing point of care solution is expected to boost the molecular diagnostics, in turn driving growth of the market worldwide.

Though the market competition has heightened with advancement in molecular diagnostics, the market is expected to create lucrative market opportunity for industry players during the forecast period (2016–2024 Š Coherent market Insights. All Rights Reserved

REPORT DESCRIPTION Global In Vitro Diagnostics (IVD) Market:Segmentation • Global In Vitro Diagnostics (IVD) Market, By Product Type: • Clinical Chemistry • Immunoassay • Diabetes Testing • Blood Testing • Molecular Diagnostics • Others • Global In Vitro Diagnostics (IVD) Market, By Application: • Infectious Diseases • Diabetes • Oncology • Cardiology • Nephrology • Autoimmune Disorders • Others

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REPORT DESCRIPTION Global In Vitro Diagnostics (IVD) Market: Taxonomy This report segments the global in vitro diagnostics (IVD) market on the basis of product type, application, end user and geography. On the basis of product, the market is categorized into clinical chemistry, immunoassay, diabetes testing, blood testing, molecular diagnostics and others. On the basis of application the market is divided into infectious diseases, diabetes, oncology, cardiology, nephrology, autoimmune disorders and others. On the basis of end user, the market is divided into hospitals, laboratories, homecare diagnostics, research institutes and others. Among all end users, hospitals segment dominated the in vitro diagnostics (IVD) market, owing to rapid advancements in medical systems and developed infrastructure.

Global In Vitro Diagnostics (IVD) Market: Key Players • Roche Diagnostics, • Siemens Healthineers, • Abbott Laboratories, • Sysmex Corporation, • Bio-Rad Laboratories, • bioMérieux, Becton,

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