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Europe in-vitro diagnostics Market to witness growth of 5.7% CAGR from 2018 to 2024

Author : Ronak Bora | Published Date : 2020-11-20 

The research report on Europe In-Vitro Diagnostics Market provides an in-depth analysis of this industry with pivotal details subject to its overall position in the global landscape and its applications across various end-user sectors.

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As per the report, Europe in-vitro diagnostics market size was valued at USD 14.2 billion in 2017 and is expected to witness growth of 5.7% CAGR from 2018 to 2024. In addition to this, the study also encompasses crucial information on the current market scenario, evolving technologies, widespread competitive landscape, growth prospects, industry tactics, and vivid market segmentations.

Moreover, the report also offers insight to various factors that would potentially drive the growth graph of the industry over the foreseeable time period, along with delivering minute details on the ongoing trends that the Europe in-vitro diagnostics industry is characterized by. The Europe in-vitro diagnostics market, as per given report, is fragmented on basis of regions, and competitive landscape.

In-vitro diagnostic instruments segment will grow at 4.9% during the forecast timeframe owing to increasing number of laboratories equipped with instruments of superior quality. According to Global Genes, more than 30 million people suffer from rare diseases in Europe that require critical monitoring and diagnosis at gene level that should escalate the demand for diagnostic instruments.

 The overall Europe in-vitro diagnostics industry is diversified into various regions and economies including Europe and its complete analysis has been enclosed in the report as well. It lays focus on various factors supporting the growth of regional markets in tandem with trending growth opportunities existing in every region, their individual growth rates, technologies being used, stringent regulatory reforms, and much more.

Germany in-vitro diagnostics industry was valued at USD 2.1 billion in 2017 and is expected to grow exponentially over the estimated timeframe owing to the increasing number of technological advancements that are being incorporated in the medical diagnostic devices. For instance, major industry players such as Roche diagnostics have developed clinical diagnostic solutions and devices integrated with advanced technology enabling automation and increasing the operational efficiency that will thereby boost the preference for clinical chemistry, blood gas analysis and other such analytical devices that will stimulate the industry growth.

Taking into account the competitive landscape, Europe in-vitro diagnostics industry is highly consolidated and boasts of presence of companies like Abbott, Becton Dickinson, BioRad, BioMerieux, Cephied, Danaher, Grifols, Johnson & Johnson, Luminex, Roche Diagnostics, Siemens, Sorin, Thermo Fisher and Qiagen. other industry participants. The report includes details on sales spectrum of each of these firms, their strategies to sustain their position in the market, individual company profiles and market share, and position in the overall ecosystem.

Table of content:

Chapter 4.  Europe In-vitro Diagnostics Market, By Product Type

1.1. Key segment trends

1.2. Reagents and kits

1.2.1.  Market size, by country, 2013-2024 (USD Million)

1.3. Instruments

4.1. Market size, by country, 2013-2024 (USD Million)

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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