Global Vitro Diagnostics Market is valued at US $ 67.86Billion in 2018. The forecast shows that the market will reach US $ XX Billion in 2026. This shows a Compound Annual Growth Rate (CAGR) of XX%. Vitro Diagnostics are medical devices that are used to detect the infection of diseases in the human body by taking samples of blood, urine or tissue and testing it.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Global Vitro Diagnostics Market
Studies are performed with microorganisms, cells, or biological molecules outside their normal biological context. Colloquially called "test-tube experiments", these studies in biology and its subdisciplines are traditionally done in labware such as test tubes, flasks, Petri dishes, and microtiter plates. In Latin langue 'n Vitro' means 'in glass' these experiments are done in laboratory and performed as explained above.
The key factors responsible for market growth are the increase in the prevalence of chronic and lifestyle diseases, an increased number of private diagnostic centers, the use of molecular diagnostics in personalized medicine. The regions where the market is yet to flourish huge potential for growth. Although, increasing healthcare costs and failure to reimburse the costs result in a restrained Global Vitro Diagnostics Market growth.
The segmentation of the Global Vitro Diagnostics Market is done by Product, Application, Technology, End-User, and Geography. By Application, the market is categorized into Cancer, Nephrology, Infectious Diseases, Diabetes, Cardiology, and HIV/AIDS. In 2015, the Infectious diseases segment held the highest market share among all applications owing to a rise in infectious diseases such as Hepatitis, TB, and hospital-acquired infections.
North America held the highest market share in 2017 pertaining to a well developed and advanced healthcare system. Although, the Asia Pacific region is expected to see the highest CAGR in the forecast period because of increased investments in research activities by governments and leading players of the Global Vitro Diagnostics Market.
Over the past years, technology for diagnosis has advanced a lot which has resulted in inaccurate, less time-consuming tests. Advancement in conventional technologies of Vitro Diagnostics has increased the demand for Vitro Diagnostics in the market. This contributes to driving the Global Vitro Diagnostics Market growth.
• In-depth Analysis of Global Vitro Diagnostics Market with future predictions and trends.
• For the period 2019-2026, Quantitative analysis of the market is provided to enable the stakeholders to capitalize on the opportunities.
• A complete analysis of all geographical regions that determine the opportunities in the regions is provided.
• A comprehensive analysis by application and by technology provides a thorough understanding of the prevailing trends and opportunities in the market.
• The strategies of key market players are analyzed with complete profiling to predict the competitive outlook of the global market.
Bloomberg, Factiva, and Hoovers are some of the sites that are being referred to gain insights about Global Vitro Diagnostics Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Global Vitro Diagnostics Market. Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Vitro Diagnostics Market globally.
Some of the major players operating in the Global Vitro Diagnostics Market are as follows:
• Abbott Diagnostics
• Alere Inc.
• Becton Dickinson
• Bio-Rad Laboratories
• Cepheid / Danaher
• Danaher Corp
• Instrumentation Laboratory
• LabCorp, Laboratory Corporation of America
• Ortho Clinical Diagnostics
• Qiagen N.V.
• Quest Diagnostics
• Roche Diagnostics
• Sysmex Corporation
• Thermo Fisher Scientific
Key Target Audience:
• IVD Product Manufacturers
• Group Purchase Organizations (GPOs)
• Original Equipment Manufacturers (OEM)
• Pathologists and Pathology Laboratories
• Distributors of IVD Products
• Hospitals and Clinics
• Healthcare Institutions
• Research Institutes
• Market Research and Consulting Firms
Years considered to estimate the market size of the Global Vitro Diagnostics Market are as follows:
• Base year - 2018
• Estimated year - 2019
• Forecast period - 2019 to 2026
Scope of the Report:
Research report categorizes the Global Vitro Diagnostics Market based on product & service, technology, application, end-user, and geography (Geography wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Global Vitro Diagnostics Market with key developments in companies and market trends
Global Vitro Diagnostics Market, by Products and Services:
• Reagents & Kits
• Data Management Software
Global Vitro Diagnostics Market, by Technology:
• Clinical Chemistry
• Basic Metabolic Panel
• Electrolyte Panel
• Liver Panel
• Lipid Profile
• Renal Profile
• Thyroid Function Panel
• Specialty Chemical Tests
• Enzyme-Linked Immunosorbent Assay (ELISA)
• Chemiluminescence Immunoassay (CLIA)
• Fluorescence Immunoassay (FIA)
• Colorimetric Immunoassay (CI)
• Radio-immunoassays (RIA)
• Rapid Tests
• Western Blot
• Coagulation & Hemostasis
• Clinical Microbiology
• Molecular Diagnostics (MDx)
• Polymerase Chain Reaction (PCR)
• Isothermal Nucleic Acid Amplification Technology (INAAT)
• DNA Sequencing & Next-generation Sequencing
• Other MDx technologies
• Other Technologies
Global Vitro Diagnostics Market, by Application:
• Infectious Diseases
• Autoimmune Diseases
• Drug Testing
• Other Applications
Global Vitro Diagnostics Market, by End User:
• Academic Institutes
• Point-Of-Care Testing
• Patient Self-Testing
• Other End Users
Global Vitro Diagnostics Market, by Geography:
• North America
o The U.S.
o Rest of Europe (RoE)
• Asia-Pacific (APAC)
o Rest of Asia-Pacific (RoAPAC)
• Latin America
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Name: Vikas Godage
Organization: Maximize Market Research Pvt.Ltd.Pune
Email: [email protected]
Contact: +919607065656 / +919607195908