In-Vitro Diagnostics Market Size, Application Analysis, Regional Outlook, 2014 – 2020

In-vitro diagnostics are examinations performed on samples which include blood or tissue that are from the human body. In-vitro diagnostics can detect diseases or other conditions. They are used to monitor a person’s overall health to help cure, treat, or prevent diseases. Devices can range from simple tests to sophisticated DNA technology, which include reagents, control materials, calibrators, kits, software, and related instruments. In-vitro diagnostics can also be used in precision medicine to identify patients who are likely to benefit from specific treatments or therapies.

The scope of the in-vitro diagnostics market includes product and services, technology, application, end user, and region. Based on region, the in-vitro diagnostics market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the in-vitro diagnostics market emphasizing on various parameters, such as market trends, technological advancements, market dynamics, and competitive landscape analysis of leading market players across the world. It also includes COVID-19 impact analysis across all the regions. It is estimated that the market is likely to grow at a faster rate during the forecast period due to increased demand for real-time polymerase chain reaction (RT-PCR), point-of-care diagnostics, and rapid testing to diagnose the COVID-19 positive patients.

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Leading In-Vitro Diagnostics Market Players:

• F. Hoffmann-la Roche Ltd.
• Danaher
• Abbott
• Siemens AG
• Sysmex Corporation
• Thermo Fisher Scientific, Inc.
• BD
• Biomérieux SA
• Bio-Rad Laboratories, INC.
• Qiagen

Segmentation:

In terms of product & services, the in-vitro diagnostics market is segmented into instruments, reagents & kits, and software & services. In 2019, the reagents & kits segment held a largest market share of the in-vitro diagnostics market. This segment is also expected to dominate the market during the forecast period owing to increasing number of diagnostics tests and rising prevalence of chronic conditions. Moreover, the instruments segment is anticipated to witness considerable growth rate during the forecast period. Certain factors, such as developing healthcare infrastructure and growing demand for rapid disease diagnosis, are expected to drive the segment.

Increasing prevalence of chronic and infectious diseases, growing geriatric population, and rising demand for in-vitro diagnostics during COVID-19 pandemic are driving the market. However, the lack of healthcare infrastructure and reimbursement policies is likely to have a negative impact on the growth of the market in the coming years.

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In-Vitro Diagnostics Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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