The Global In-Vitro Diagnostics Market Report by The Business Research Company covers in-vitro diagnostics market drivers and restraints, in-vitro diagnostics market size, major players, and the impact of COVID-19 on the in-vitro diagnostics market.
The in-vitro diagnostics devices and equipment market consists of sales of in-vitro diagnostic equipment and related services by entities (organizations, sole traders and partnerships) that produce in-vitro diagnostics equipment. In-vitro diagnostics are tests performed on samples collected from human body such as tissues and blood. The in-vitro diagnostics equipment market is segmented into point-of-care diagnostics devices and equipment, immunochemistry diagnostic devices and equipment, clinical chemistry diagnostics devices and equipment, molecular diagnostics devices and equipment, microbiology diagnostic devices and equipment, hemostasis diagnostic devices and equipment, hematology diagnostic devices and equipment, immunohematology diagnostic devices and equipment.
Demand for point-of-care diagnostic devices is increasing as they provide rapid results, are cost effective and have advanced diagnosis features for patients.
The global in-vitro diagnostics market is expected to grow from $71.71 billion in 2020 to $80.12 billion in 2021 at a compound annual growth rate (CAGR) of 11.7%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $105.3 billion in 2025 at a CAGR of 7%.
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Some in-vitro diagnostics market trends include use of IoT. IVD devices are being integrated with IoT and data analytics technologies to improve device efficiency and increase device security. IoT refers to a system of interconnected devices via communication technologies such as Wi-Fi and Bluetooth for data transfer and accessing devices remotely. Data analytics refers to qualitative and quantitative techniques, used to infer actionable information from large data sets. These technologies are helping in enhancing IVD device functionality, mainly through remote monitoring, predictive maintenance for decreased downtime and advanced data processing capabilities.
Global in-vitro diagnostics market segments include:
1) By Type: Point-of-Care Diagnostics Devices And Equipment, Immunochemistry Diagnostic Devices And Equipment, Clinical Chemistry Diagnostics Devices And Equipment, Molecular Diagnostics Devices And Equipment, Microbiology Diagnostic Devices And Equipment, Hemostasis Diagnostic Devices And Equipment, Hematology Diagnostic Devices And Equipment, Immunohematology Diagnostic Devices And Equipment.
2) By End User: Hospitals And Clinics, Diagnostic Laboratories, Others.
3) By Type of Expenditure: Public, Private.
4) By Product: Instruments/Equipment, Disposables.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global in-vitro diagnostics market share.
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The In-Vitro Diagnostics Global Market Report 2021: COVID-19 Implications And Growth to 2030 is one of a series of new reports from The Business Research Company that provides in-vitro diagnostics market overviews, analyzes and forecasts market size, share, in-vitro diagnostics market players, in-vitro diagnostics market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The in-vitro diagnostics market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read In-Vitro Diagnostics Global Market Report 2021: COVID-19 Implications And Growth to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: Siemens Healthineers, F. Hoffmann-La Roche Ltd, Danaher (Beckman Coulter Inc), Abbott Laboratories Inc, Thermo Fisher Scientific Inc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The In-Vitro Diagnostics Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The In-Vitro Diagnostics Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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