Rising awareness about in vitro diagnostic techniques and growing R&D investments and initiatives is driving product demand and use, and in turn driving market growth.
The global infectious diseases in-vitro diagnostics market is expected to reach a market size of USD 26.54 Billion by 2027, and register a high CAGR during the forecast period, according to a new report by Reports and Data. Consistent and high investments in research and development, and rising awareness is among some of the key factors driving market growth. Rising prevalence of chronic diseases and ailments, along with increasing geriatric population, are propelling revenue growth of the infectious diseases in-vitro diagnostics market currently, and this trend is expected to continue over the forecast period.
Increase in number of surgical procedures being performed globally is also projected to boost market growth. Growing prevalence of infectious diseases such as Respiratory Virus, TB and Drug-resistant TB, HIV, Hepatitis C, and Hepatitis B is creating a rising need for more effective treatment or therapy, which is positively contributing to market growth. Additionally, governmental bodies such as CEA, CDC, and FDA have listed guidelines and safety measures that are expected to continue to support growth of the market.
Key companies profiled in the report include
Abbott, Quidel Corporation, bioMérieux SA, Alere Inc., F. Hoffmann-La Roche Ltd., Cepheid, Orasure Technologies, Inc., Qiagen N.V., Becton, Dickinson and Company, and Bio-Rad Laboratories, Inc., among others.
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Infectious Diseases In Vitro Diagnostics market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
• North America (U.S.A., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Infectious Diseases In Vitro Diagnostics Market Segmentation based on Types:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Instruments
- Reagents
- Software
Technology Outlook (Revenue, USD Billion; 2017-2027)
- Molecular Diagnostics
- Immunochemistry
- Microbiology
- Others
End-Use Outlook (Revenue, USD Billion; 2017-2027)
- Point of Care
- Central Laboratories
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Benefits of Infectious Diseases In Vitro Diagnostics Market Report:
- In-depth understanding of the market size, market share, and market scope of Infectious Diseases In Vitro Diagnostics market
- Easy identification of growth opportunities and key product development strategies
- Historical and forecast data for Infectious Diseases In Vitro Diagnostics market to ease the decision making process
- Production and consumption ratio, import/export data and company’s market position explained in detailed with graphs and charts to aid in decision making
- Strategic recommendations to established players and new entrants to gain a strong foothold in the market
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The global infectious diseases in vitro diagnostics market size is estimated to reach USD 33.1 billion by 2027, according to a new report by Radiant Insights, Inc., registering a CAGR of 6.3% over the forecast period.
Moreover, although most diagnostics are specific to an application, upcoming diagnostic products would be able to test and confirm multiple related diseases, thus saving time and money.
Download Free Sample Report @ https://www.radiantinsights.com/research/ivd-infectious-disease-market/request-sample Presence of various e-commerce sites offering diagnostic kits, especially Point of Care (PoC) devices, is expected to drive the sales of the products through this sales channel.
Moreover, the regulatory and reimbursement landscape is continually evolving to adapt to the fast-paced research progress in this sector.
Proactive initiatives by public and private organizations to raise consumer awareness about infectious diseases and treatment modalities are expected to drive the market growth in the coming years.
Further key findings from the report suggest: • Technological advancements related to accuracy, portability, and cost-effectiveness are expected to be high impact rendering drivers for the market • Growing awareness and increasing dependency of healthcare practitioners on the usage of point-of-care diagnostic enabled medical devices and consumables are expected to drive the IVD infectious diseases market growth over the forecast period • Key applications of immunochemistry include detection of infectious microorganisms such as virus, bacteria, and fungus and their toxins and coat antigens • Development of techniques such as Polymerase Chain Reaction (PCR) and in-situ hybridization is expected to boost the molecular diagnostics segment over the forecast period • Key players include bioMérieux SA; BD; Abbott; Quidel Corporation; F. Hoffmann-La Roche Ltd.; Alere Inc.; Cepheid; Hologic Inc.; Qiagen N.V.; Orasure Technologies, Inc.; Bio-Rad Laboratories, Inc.; and Siemens Healthcare GmbH.
