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North America In-vitro Diagnostics Market Revenue to Exceed USD 39 Billion by 2024

Author : Ronak Bora | Published Date : 2020-10-20 

The market analysis on North America In-vitro Diagnostics Market offers a holistic view on the overall industry with all required details regarding its overall foothold in the global ecosystem along with its applications in vivid end-user sectors.

According to the given report, North America in-vitro diagnostics industry reached a valuation of USD 26.6 billion in 2017 and is likely to surpass USD 39 billion over 2024, increasing at a rate of 5.6%. It includes important information on the current market situation, evolving technologies, robust competitive landscape, industry strategies, future growth opportunities, and market segmentations.

Request for a sample of this report @ https://www.graphicalresearch.com/request/1033/sample

Moreover, the report also delivers a summary of vivid factors that are expected to drive the overall industry along with including information of the ongoing trends touted to propel the market in the upcoming years. As per the report, the North America in-vitro diagnostics market has been fragmented into various segments spanning product type, servie type, technology, application, regional, and competitive landscape.

Molecular diagnostics technology segment will grow at 8.3% CAGR over the forecast timeframe. The high segmental growth can be accounted to increasing prevalence of genetic diseases demanding critical monitoring and novel target therapy at gene level. Moreover, growing use of molecular diagnostic devices in process of drug discovery will augment business growth in the upcoming years.

The overall North American in-vitro diagnostics market has been diversified into different regions and geographies including U.S., Canada and its foolproof analysis has been drafted in the given research report. More so, it also consists of elaborative details on the factors promoting the growth of these regional market over the mentioned time frame, along with addressing the growth opportunities for myriad market players, technologies being massively used across these regions, stringent and favorable governmental reforms, and others.

U.S. in-vitro diagnostics market should witness high growth and held a momentous share of USD 23.9 billion in as a result of high prevalence of viral infections in the U.S. population including Zika virus leading to increasing demand for in vitro diagnostics. According to CDC 2017 reports statistics estimated that 5,710 people were suffering from Zika virus infection. These infected people need an advanced diagnostic testing to diagnose the disease, thereby augmenting the in-vitro diagnostics market growth.

The in-vitro diagnostics market in North America boasts of the presence of top-notch companies that are operating this terrain and their individual market shares, company profiles, individual positions, accomplishments, and stance in the global ecosystem have been briefly cited in the study.

Key industry competitors operating in North America in-vitro diagnostics market are Abbott, Becton Dickinson, BioRad, BioMerieux, Cephied, Danaher, Grifols, Johnson & Johnson, Luminex, Roche Diagnostics, Siemens, Sorin, Thermo Fisher and Qiagen. Strategic initiatives adopted by prominent industry players will help them to sustain the market competition. For instance, in September 2016, Becton Dickinson launched next-generation wireless diagnostic system for detection of influenza A and B, thereby expanding its product portfolio.

[TOC Chapters]

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

4.1. Key segment trends

4.2. Reagents & kits

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

4.3. Instruments

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

Chapter 5. North America In-vitro Diagnostics Market, By Service Type

5.1. Key segment trends

5.2. Data management software

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

5.3. Services

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

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1033/north-america-in-vitro-diagnostics-market

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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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