The Business Research Company’s in-vitro diagnostics global market report, covers the year-on-year growth of the global in-vitro diagnostics market historic and forecast growth. It also includes chapters on the in-vitro diagnostics market trends, geographical analysis, and competitive landscape.
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The global in-vitro diagnostics market size is expected to reach about $65 billion by 2022, significantly growing at a CAGR of around 4.5% during the forecast period
In-Vitro Diagnostics Market Trends
The in-vitro diagnostics devices (or) equipment manufacturing market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce in-vitro diagnostics. This industry includes establishments that produce diagnostic devices used in microbiological diagnosis, hematological diagnosis, molecular diagnosis, point of care diagnosis and others.
Companies in this market are very active with multiple strategic collaborations and agreements. Top companies in the in-vitro diagnostic market are strategically partnering and collaborating with other companies to broaden their products, technologies and services. For instance, In February 2015, Roche acquired Signature Diagnostics to strengthen its cancer diagnostics effort with Signature’s expertise in both next-generation sequencing (NGS) assays and biobanks. In February 2014, Thermo Fisher Scientific acquired the Life Technologies Corporation to transform into a major player in the segment of next-generation sequencing space.
The global in-vitro diagnostics market is primarily driven by favorable government policies, rising awareness about such diseases, new health reforms and increasing economic growth.
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The global in-vitro diagnostics market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With increase in economic growth, health reforms and increased awareness in in-vitro diagnostics and growing aging population, the global in-vitro diagnostics market is expected to increase in potential and scope. TBRC’s report also covers the in-vitro diagnostics drivers and restraints in the market.
The global in-vitro diagnostics market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global in-vitro diagnostics market report are Siemens Healthineers, F. Hoffmann-La Roche Ltd, Danaher (Beckman Coulter Inc), Abbott Laboratories Inc, Thermo Fisher Scientific Inc.
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