• Sat. Jan 16th, 2021

In Vitro Diagnostics Market Size 2021 with Covid 19 Impact Analysis includes Top Countries Data, Defination, SWOT Analysis, Business Opportunity, Applications, Trends and Forecast to 2025

REPORT HIGHLIGHT

The in vitro diagnostics market is estimated to represent a global market of USD 58.78 billion by 2016 with growth rate of 6.2%. In-Vitro Diagnostics market covers the market understanding for the instruments and reagents that can be used for the diagnosis of chronic disease conditions. As per the U.S. FDA, in vitro diagnostics is defined as the types of instruments, reagents and systems which is intended to be used for the diagnosis of chronic disease conditions. This technique is intended for the detection and analysis of collected, prepared and examine specimens extracted from the human body.

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In vitro diagnostics are considered under medical devices category under section 210(h) of the United States Federal Food, Drug, and Cosmetic Act. This devices are subjected to pre-market and post-market approval under the Clinical Laboratory Improvement Amendments act (CLIA ’88) of 1988.

In terms of application segment covers the market analysis for Immunochemistry, Hematology, Microbiology, Molecular Diagnostics, Clinical Chemistry, Hemostasis, and others. Products segment is divided as instruments and reagents. Reagents segment recorded highest share with more than 75% share of the total market. Growing use of reagents in IVD test tools coupled with rising usage of its drives the market growth.

Companies such as Siemens, Danaher Corporation, Roche Diagnostics, bioMérieux, and Abbott are profiles in the report. Companies are engaged in rigorous research and development initiatives to expand their presence in market. In September 2016, Danaher Corporation acquired Cepheid for more than USD 4 billion which have helped company to expand its market share in IVD market significantly. Cepheid is a leading provider of molecular diagnostics kits and tests. Danaher’s president stated that the engagement with Cepheid will help company to strengthen its business into disease diagnosis segment.

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The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

Historical Year – 2014 & 2015

Base Year – 2015

Estimated Year – 2016

Projected Year – 2025

TARGET AUDIENCE

Traders, Distributors, And Suppliers

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY APPLICATION

Immunochemistry

Hematology

Microbiology

Molecular Diagnostics

Clinical Chemistry

Hemostasis

Others

MARKET, BY PRODUCTS

Instruments

Reagents

MARKET, BY REGION

North America

Europe

Asia Pacific

Rest of the World

MARKET, BY COUNTRY

Further Breakdown of The North America Market

U.S.

Canada

Further Breakdown of The Europe Market

Germany

France

Rest of Europe

Further Breakdown of The APAC Market

India

China

Rest of APAC

Further Breakdown of The Rest of the World Market

Middle East and Africa

Latin America

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