Pune, India -- (SBWIRE) -- 03/30/2020 -- This In Vitro Diagnostics (IVD) market report also puts emphasis on key market dynamics of the Healthcare  industry and provides historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the allied industry. Furthermore, this market research report presents thorough summary of the market where it finds out industry trends, determines brand awareness and influence, gives industry insights and offers competitive intelligence. While forming this industry analysis report, systematic gathering and analysis of information about individuals or organisations has been conducted through social and opinion research. With this In Vitro Diagnostics (IVD) report, a strong organization can be constructed and better decisions can be made that take business towards the great level of success.

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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