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In Vitro Diagnostics Market 2020 By Regional Trend & Growth Forecast To 2025

Author : Ronak Bora | Published Date : 2020-09-11 

In Vitro Diagnostics Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Global in-vitro diagnostics market is anticipated to witness a remunerative growth trend owing to the growing population of pathology labs equipped with cutting-edge diagnostics machines. Pathology labs, these days are adopting latest technology instruments to provide better quality services to patients.

This advanced technology empowers the detection of various diseases before their arrival. This in turn improves the total clinical outcome which would further prevent complications. Consequently, growing number of laboratories integrating technologically advanced machines would likely strengthen the in-vitro diagnostics market during the estimated time frame.

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Growing inclination towards personalized medications for treating severe chronic diseases would accelerate the demand for in-vitro diagnostics in the coming years. Advantages of personalized medicines like optimal dosage delivery, target and accurate treatment will also rise preference for it.

Subsequently, the demand for in-vitro diagnostics would significantly grow to develop new therapies for the treatment of chronic disorders. However, significant expense of in-vitro diagnostic services may obstruct market growth to a certain degree.

Based on Global Market Insights, Inc., estimates, the global in-vitro diagnostics market size is set to exceed $97.2 billion by 2025. 

In terms of the end-user, academic institutes segment in global in vitro diagnostics market is slated to witness a 6% CAGR through 2025. Ongoing research and development activities to improve drug discovery and produce better quality drugs for diseases such as malaria, tuberculosis, HPV, HIV, syphilis, and hepatitis have increased the need for in-vitro diagnostics solutions across academic institutes.

Meanwhile, services segment, which was estimated to be worth more than US$47 billion in 2018, will witness notable growth in the upcoming years, with a strong need for software in diagnostics.

Considering the reginal outlook, Europe accounted for more than 20% revenue share of IVD industry in 2018. The availability of technologically advanced medical equipment such as blood gas analysis and clinical chemistry equipment along with a well-established healthcare infrastructure will be key factors driving the regional growth. In addition, an expanding baby boomer population base in European countries and widespread occurrence of various long-term health problems will complement the regional outlook.

Excessive costs of in-vitro diagnostics services may restrict their adoption to some extent. However, growing preference towards personalized medicines for treatment of various conditions is likely to foster IVD industry growth. In addition, growing number of pathological laboratories with advanced medical equipment will positively influence future IVD market trends. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/in-vitro-diagnostics-market

Partial Chapter of the Table of Content 

Chapter 4.  In-vitro Diagnostics Market, By Type

4.1. Key segment trends

4.2. Product

4.2.1.  Market size, by region, 2014-2025 (USD Million)

4.2.2.  Reagents & kits

4.2.2.1.    Market size, by region, 2014-2025 (USD Million)

4.2.3.  Instruments

4.2.3.1.    Market size, by region, 2014-2025 (USD Million)

4.3. Service

4.3.1.  Market size, by region, 2014-2025 (USD Million)

4.3.2.  Software

4.3.2.1.    Market size, by region, 2014-2025 (USD Million)

4.3.3.  Testing services

4.3.3.1.    Market size, by region, 2014-2025 (USD Million)

Chapter 5.  In-vitro Diagnostics Market, By Technology

5.1. Key segment trends

5.2. Clinical chemistry

5.2.1.  Market size, by region, 2014-2025 (USD Million)

5.3. Immunoassay/immunochemistry

5.3.1.  Market size, by region, 2014-2025 (USD Million)

5.4. Molecular diagnostics

5.4.1.  Market size, by region, 2014-2025 (USD Million)

5.5. Hematology

5.5.1.  Market size, by region, 2014-2025 (USD Million)

5.6. Microbiology

5.6.1.  Market size, by region, 2014-2025 (USD Million)

5.7. Coagulation and hemostasis

Market size, by region, 2014-2025 (USD Million)

5.8. Urinalysis

Market size, by region, 2014-2025 (USD Million)

5.9. Others

Market size, by region, 2014-2025 (USD Million)

 

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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