Pune, India -- (SBWIRE) -- 02/28/2020 -- This In Vitro Diagnostics (IVD) market analysis report emphasizes on the global key manufacturers to define, illustrate and analyze the market competition landscape using SWOT analysis. To make the composition of this excellent In Vitro Diagnostics (IVD) Market report, a combination of best industry insight, practical solutions, talent solutions and latest technology have been employed. Furthermore, drivers and restraints of the market assessed in this In Vitro Diagnostics (IVD) Market report makes aware about how the product is getting utilized in the recent market environment and also provide estimations about the future practice. The In Vitro Diagnostics (IVD) Market business document acts as a window to the industry which gives description of what market definition, classifications, applications, engagements and market trends are.

Increasing use of Point-Of-Care Testing has increased the demand for In Vitro Diagnostics/IVD which will see the estimated value of it rise from USD 63.38 billion in 2018 to an estimated value of USD 101.03 billion by 2026, registering a CAGR of 6% in the forecast period of 2019-2026

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Few of the major competitors currently working in the In Vitro Diagnostics (IVD) Market are F. Hoffmann-La Roche Ltd, Siemens Healthcare GmbH, Danaher, Abbott, Thermo Fisher Scientific Inc, Johnson & Johnson Services Inc., BD, Bio-Rad Laboratories Inc., Sysmex Corporation, bioMérieux SA, DiaSorin, Ortho Clinical Diagnostics, Agilent Technologies Inc., QIAGEN, Bayer AG, Hologic Inc., Cepheid, Diagnostica Stago S.A.S., Leica Biosystems Nussloch GmbH, Quidel Corporation, OraSure Technologies Inc., Beckman Coulter Inc., and ARKRAY Inc.

Market Definition: Global In Vitro Diagnostics/IVD Market:-

In Vitro Diagnostics are tests that are performed on an individual's blood/tissue sample. They are used to accurately test and diagnose diseases or any underlying conditions; they also help maintain constant monitoring over the patient's health. Benefits of these diagnostic tests are that they help identify every individual's best course of treatment.

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Segmentation: Global In Vitro Diagnostics/IVD Market:-

In Vitro Diagnostics (IVD) Market : By Product & Service

Reagents & Kits
Instruments
Data Management Software
Services

In Vitro Diagnostics (IVD) Market : By Technology

Immunochemistry/Immunoassay
Clinical Chemistry
Molecular Diagnostics
Microbiology
Hematology
Coagulation & Hemostasis
Urinalysis
Others

In Vitro Diagnostics (IVD) Market : By Application

Infectious Diseases
Oncology/Cancer
Cardiology
Nephrology
Gastrointestinal Diseases

In Vitro Diagnostics (IVD) Market : By End-User

Laboratories
Large/Reference Laboratories
Medium-Sized Laboratories
Small Laboratories
Hospitals
Academics
Point-Of-Care Testing
Patient Self-Testing
Others

In Vitro Diagnostics (IVD) Market : By Geography

North America
South America
Europe
Asia-Pacific
Middle East and Africa

Key Developments in the Market: In Vitro Diagnostics (IVD) Market:-

In April 2018, Roche Diagnostics completed a USD 1.9 billion acquisition of Flatiron Health, that will expand the personalized health data of Roche
In February 2016, Beckman Coulter Diagnostics released the compact DxH500 hematology system, which would be able to deliver quick and accurate results with just a speck of blood

Market Drivers: In Vitro Diagnostics (IVD) Market:-

Increasing acceptance and establishment of Point-Of-Care Testing is expected to drive the market growth
Growing awareness about the benefits of recognized and personalized medicine for every individual

Market Restraints: In Vitro Diagnostics (IVD) Market:-

Constant upgradation in regulations by the authorities is expected to restrain the market growth
Reimbursement of these diagnostic tests is not completely established yet by the insurance companies which is expected to restrain the market growth

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