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 2020th
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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 a laboratory or healthcare setting. In vitro diagnostic methods 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 as well as sodium, urea, potassium and creatinine
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Global In-Vitro Diagnostics market is an owing to advances 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 Conditions of Disease in the United States. Convergence of new technologies and potential opportunities for outsourcing are the major opportunities for future growth in the In-Vitro Diagnostics market
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Global market for in vitro diagnostics is segmented on the basis of product, technology and application.
On the basis of product
- Instruments,
- Reagents and kits,
- Data management system / software and services.
On the basis of technology
- Clinical Chemistry,
- hematology,
- immunoassays,
- Coagulation and hemostasis,
- Molecular diagnostics,
- Microbiology and
- Other IVD technologies.
On the basis of application
- Diabetes,
- Infectious Diseases,
- Oncology / Cancer,
- cardiology,
- Nephrology,
- Autoimmune Diseases,
- Drug testing and
- HIV
On the basis of geography
- North America,
- Asia-Pacific,
- Europe,
- 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. In addition to the above, Bio-Rad Laboratories, Inc., Danaher Corporation, Sysmex Corporation, and Thermo Fisher Scientific, Inc.
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