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savibangar · 4 hours ago

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IVD Assay Development Market to be Worth $8.39 Billion by 2031: Size, Share, Forecast, & Trends Analysis

Meticulous Research®, a leading market research firm, has published a new report titled IVD Assay Development Market Size, Share, Forecast, & Trends Analysis by Offering (Assay Development, Packaging Development), Technology (Immunoassay, Molecular Diagnostics, Biochemistry), Application (Oncology, Diabetes) – Global Forecast to 2031. According to the findings, the global IVD assay development market is projected to reach $8.39 billion by 2031, growing at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.

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The growth of the IVD assay development market is driven by the increasing prevalence of chronic diseases, a rising geriatric population, the high burden of infectious diseases, and a growing emphasis on the development of point-of-care (POC) IVD assays. Additionally, increasing healthcare expenditures are fueling the demand for more advanced diagnostic solutions. However, the evolving regulatory landscape remains a key challenge to the market’s growth.

Furthermore, emerging economies and advancements in IVD assay technologies present significant growth opportunities for market participants. Challenges related to maintaining product quality and safeguarding proprietary information also pose potential obstacles to market expansion.

Key Players:

The key players profiled in the IVD assay development market report are Thermo Fisher Scientific Inc. (U.S.), Avioq, Inc. (U.S.), Creative Biolabs, Inc (U.S.), Maxim Biomedical, Inc. (U.S.), Bio-Techne Corporation (U.S.), Merck KGaA (Germany), PeploBio Ltd (U.K.), ICON plc (Ireland), NeoDx Biotech Labs Pvt. Ltd. (India), Eclevar Medtech (France), Savyon Diagnostics (Israel), Promega Corporation (U.S.), and Future Diagnostics Solutions B.V. (Netherlands). The market is segmented by offering, technology, and application. The report also provides a comprehensive analysis of market competitors and regional trends.

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Market Segmentation:

By Offering: In 2024, the IVD assay development services segment is expected to hold the largest share, accounting for 45.1% of the market. This segment encompasses various stages of assay development, including raw material selection, feasibility studies, optimization of assay parameters, and clinical sample testing. The demand for IVD assays in drug discovery, particularly in assessing pharmaceutical candidates and detecting biomarkers, is driving the need for these services. As personalized medicine and precision therapies become more widespread, the demand for high-quality, customized IVD assays continues to rise, further strengthening this segment’s position.

By Technology: The immunoassay/immunochemistry segment is projected to dominate the IVD assay development market in 2024, capturing a share of 42.3%. Immunoassay technologies leverage antigen-antibody reactions to detect causative agents, offering high specificity and throughput. The growing use of immunoassays in point-of-care (PoC) testing for infectious diseases and the increasing global demand for novel assays are driving the segment’s growth. The aging population and the continued innovation in immunoassay formats are additional factors contributing to the dominance of this technology.

By Application: The infectious diseases application segment is anticipated to hold the largest market share in 2024. The rapid spread of infectious diseases makes accurate and early diagnosis crucial to preventing transmission. IVD assays have proven to be essential tools in diagnosing infectious diseases, driving demand for these diagnostic products. Government initiatives, advancements in diagnostic techniques, and recent global outbreaks have heightened awareness and spurred investment in diagnostic solutions. For instance, the World Health Organization (WHO) reported nearly 40 million cases of HIV globally at the end of 2023, up from 25.6 million cases in 2021, further underscoring the need for robust diagnostic tools.

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Regional Insights:

The report also provides a detailed regional analysis, highlighting key markets such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

By Region: North America is expected to dominate the IVD assay development market in 2024, with a share of 37.8%. This dominance can be attributed to favorable government investments in disease prevention and investigation, a high prevalence of infectious and chronic diseases, a well-established healthcare infrastructure, and a high degree of awareness regarding early disease diagnosis. Furthermore, North America’s early adoption of advanced diagnostic technologies and its strong base of key industry players contribute significantly to the region’s market leadership.

Overall, the IVD assay development market is poised for significant growth, driven by advancements in diagnostic technology, increased healthcare spending, and rising demand for early and accurate disease detection. The report offers valuable insights for stakeholders looking to capitalize on the opportunities in this evolving market.

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#IVD Assay Development Market

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harshnews · 22 days ago

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Professional Diagnostics Market Size, Share, Trends, Growth and Competitive Analysis

"Professional Diagnostics Market – Industry Trends and Forecast to 2029

Global Professional Diagnostics Market, By Product Type (Immunochemistry, Clinical Microbiology, Point Of Care Test (POCT), Haematology And Haemostasis) , End Users (Hospital, Diagnostic Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

The professional diagnostics market is a critical segment of the healthcare industry that plays a fundamental role in diagnosing diseases and medical conditions accurately and efficiently. This market is driven by factors such as the increasing prevalence of chronic diseases, technological advancements in diagnostic devices, growing awareness about early disease detection, and the expanding geriatric population. The global professional diagnostics market is expected to experience significant growth in the coming years due to these factors. The market can be analyzed on the basis of product type, application, and end-users.

**Segments**

- **Product Type**: - Reagents & Kits - Instruments - Data Management Software - Services

- **Application**: - Infectious Diseases - Oncology - Cardiology - Pharmacogenomics - Others

- **End-Users**: - Hospitals - Clinics - Diagnostic Laboratories - Research Institutes

The professional diagnostics market is highly competitive and is characterized by the presence of several key players that offer a wide range of diagnostic products and services. These market players focus on strategic initiatives such as mergers and acquisitions, partnerships, and product innovations to maintain their market position and gain a competitive edge.

**Market Players**

- Roche Diagnostics - Siemens Healthineers - Abbott Laboratories - Danaher Corporation - Thermo Fisher Scientific - Sysmex Corporation - Bio-Rad Laboratories - BioMérieux - Qiagen - Hologic

These market players invest heavily in research and development activities to introduce innovative diagnostic solutions that cater to the evolving healthcare needs of patients and healthcare providers. They also emphasize expanding their global presence through collaborations and partnerships with regional players to enhance their market reach and customer base.

In conclusion, the professional diagnostics market is poised for robust growth due to the increasing demand for accurate and rapid diagnostic solutions. The market is driven by technological advancements, rising healthcare expenditure, and the growing awareness about preventive healthcare measures.The professional diagnostics market is a crucial component of the healthcare industry, with a focus on accurate and efficient disease diagnosis. One of the key drivers propelling the growth of this market is the increasing prevalence of chronic diseases globally. Chronic conditions such as diabetes, cardiovascular diseases, and cancer require timely and precise diagnosis for effective treatment and management. Additionally, the aging population contributes to the demand for diagnostic services, as the elderly are more susceptible to various health issues that necessitate regular monitoring and diagnosis.

Technological advancements in diagnostic devices have revolutionized the way diseases are detected and diagnosed. Innovations such as point-of-care testing, molecular diagnostics, and advanced imaging techniques have significantly improved the accuracy and speed of diagnosis, leading to better patient outcomes. These technological advancements have also paved the way for personalized medicine and precision healthcare, where treatments are tailored to individual patients based on their genetic makeup and specific disease characteristics.

Another driving factor in the professional diagnostics market is the increasing awareness about the importance of early disease detection. Routine screening and diagnostic tests help in the early identification of diseases, enabling prompt intervention and treatment, which can lead to better prognosis and improved quality of life for patients. Governments and healthcare organizations worldwide are investing in awareness campaigns and screening programs to encourage regular health check-ups and early diagnosis, thereby driving the demand for diagnostic services and products.

The professional diagnostics market can be segmented based on product type, application, and end-users, offering a comprehensive view of the diverse offerings in this industry. Reagents & kits, instruments, data management software, and services constitute the product types available in the market, catering to different diagnostic needs and preferences. Applications such as infectious diseases, oncology, cardiology, and pharmacogenomics highlight the wide range of conditions that can be diagnosed using professional diagnostic services. Furthermore, end-users such as hospitals, clinics, diagnostic laboratories, and research institutes represent the diverse settings where diagnostic tests are performed, showcasing the broad reach and impact of this market.

The competitive landscape of the professional diagnostics market is**Global Professional Diagnostics Market, By Product Type (Immunochemistry, Clinical Microbiology, Point Of Care Test (POCT), Haematology And Haemostasis) , End Users (Hospital, Diagnostic Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.**

- The professional diagnostics market is witnessing significant growth and innovation in product types such as Immunochemistry, Clinical Microbiology, Point of Care Test (POCT), Haematology, and Haemostasis. These advancements are crucial in providing accurate and timely diagnostic solutions for a wide range of diseases and medical conditions.

- The end-users of professional diagnostics products and services primarily include hospitals, diagnostic centers, and other healthcare facilities. The increasing demand for diagnostic tests in these settings is driving the growth of the market globally, with a focus on improving patient outcomes and healthcare delivery.

- Geographically, the professional diagnostics market spans across regions such as the U.S., Canada, Mexico, European countries like Germany, Italy, U.K., France, Spain, Netherlands

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Professional Diagnostics Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Professional Diagnostics Market.

Global Professional Diagnostics Market survey report analyses the general market conditions such as product price, profit, capacity, production, supply, demand, and market growth rate which supports businesses on deciding upon several strategies. Furthermore, big sample sizes have been utilized for the data collection in this business report which suits the necessities of small, medium as well as large size of businesses. The report explains the moves of top market players and brands that range from developments, products launches, acquisitions, mergers, joint ventures, trending innovation and business policies.

The following are the regions covered in this report.

North America [U.S., Canada, Mexico]

Europe [Germany, UK, France, Italy, Rest of Europe]

Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]

South America [Brazil, Argentina, Rest of Latin America]

The Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

This study answers to the below key questions:

What are the key factors driving the Professional Diagnostics Market?

What are the challenges to market growth?

Who are the key players in the Professional Diagnostics Market?

What are the market opportunities and threats faced by the key players?

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#Professional Diagnostics Market

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ashwetu · 2 months ago

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Meticulous Research® Unveils New Report: Africa IVD Market Poised to Reach $1.65 Billion by 2031

Meticulous Research®, a global leader in market research and consulting, has released a new report titled ‘Africa IVD Market Size, Share, Forecast & Trends Analysis by Offering, Technology (Immunoassay, PoC, Molecular Diagnostics, Coagulation), Application (Infectious Diseases, Diabetes, Oncology), Diagnostic Approach (Lab, OTC, PoCT), End User – Forecast to 2031.’ According to the latest findings, the Africa in vitro diagnostics (IVD) market is projected to grow at a compound annual growth rate (CAGR) of 3.1%, reaching $1.65 billion by 2031.

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Market Growth Drivers and Challenges

The expansion of the Africa IVD market is driven by multiple factors, including the rising prevalence of chronic and infectious diseases, increased investments from IVD companies, growing demand for point-of-care (PoC) and rapid diagnostics, and a burgeoning geriatric population. Furthermore, supportive government initiatives aimed at bolstering Africa's healthcare sector and increasing healthcare expenditure are playing a significant role in the market's development.

However, market growth is being restrained by the high costs of advanced IVD products, variations in test results for rapid diagnostics, and the stringent regulatory requirements for high-complexity diagnostic tests. On the other hand, advancements in genomics and proteomics, heightened awareness of early diagnosis, and the increasing adoption of personalized medicine are expected to create significant opportunities for market players. Despite these promising trends, uneven access to healthcare and a shortage of trained healthcare professionals remain critical challenges.

Check complete table of contents with list of table and figures:

Market Segmentation and Key Insights

The report provides detailed insights into the market, segmented by offering, technology, application, diagnostic approach, and end user:

By Offering: The market is segmented into reagents & kits, instruments, and software & services. The reagents & kits segment is expected to grow at the highest CAGR of 3.3% during the forecast period, driven by increased diagnostic test volumes for infectious diseases, particularly malaria and tuberculosis, and various initiatives aimed at improving healthcare access across Africa.

By Technology: In 2024, the immunoassay/immunochemistry segment is projected to account for the largest market share at 34.5%. This is largely due to immunoassay technology's efficient and accurate diagnostics for highly prevalent diseases such as HIV, malaria, and dengue in Africa, along with its cost-effectiveness and continuous development of new biomarkers.

By Application: The infectious diseases segment is expected to dominate the market in 2024, fueled by the widespread prevalence of diseases like COVID-19, dengue, and HIV. Increasing awareness of diagnostic testing and the availability of low-cost rapid test kits are key factors driving this segment’s growth.

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By Diagnostic Approach: Point-of-care testing (PoCT) is projected to witness the highest growth during the forecast period, driven by the rising demand for immediate diagnostic results, especially in remote and underserved regions.

By End User: Hospitals and clinics are expected to grow at the highest CAGR between 2024 and 2031. Factors such as the increasing number of hospitalizations for chronic diseases, rising healthcare expenditure, and the willingness of hospitals to adopt advanced diagnostic tools are contributing to this growth.

Geographic Insights

The report also provides an in-depth analysis of various African countries, including South Africa, Nigeria, Egypt, Algeria, Morocco, Kenya, Tunisia, Côte d’Ivoire, Tanzania, Cameroon, and the Rest of Africa. South Africa is projected to grow at the highest CAGR of 8.3% during the forecast period. The growth in South Africa is driven by increased healthcare expenditure, expanded access to diagnostic tools through partnerships and collaborations, and favorable government policies aimed at enhancing healthcare infrastructure.

Competitive Landscape

Key players in the Africa IVD market include Abbott Laboratories (U.S.), Becton, Dickinson and

Company (U.S.), bioMérieux SA (France), Danaher Corporation (U.S.), F. Hoffmann-La Roche

Ltd (Switzerland), QIAGEN N.V. (Netherlands), Siemens Healthineers AG (Germany), Thermo

Fisher Scientific Inc. (U.S.), Bio-Rad Laboratories, Inc. (U.S.), Illumina, Inc. (U.S.), and Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China). These industry leaders continue to invest in the region, driving innovation and expanding their presence in the African market.

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Key Questions Addressed in the Report:

What is the current revenue generated by IVD products in Africa?What are the projected growth rates for the Africa IVD market over the next 5–7 years?What are the key drivers, opportunities, and challenges affecting this market?Which market segments are generating the most traction in terms of offering, technology, and application?Which countries in Africa offer significant growth opportunities for market participants? Who are the leading players, and what products and strategies are they employing in the Africa IVD market?What recent developments are shaping the competitive landscape?

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in-vitro-diagnostics-market · 1 year ago

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Top 5 Prominent Companies Shaping the In Vitro Diagnostics Market

The IVD market is driven by growing demand for point-of-care devices and rapid diagnostic testing, increasing prevalence of chronic diseases, and increasing willingness to pay for preventive care testing.

The global in vitro diagnostics market in terms of revenue was estimated to be worth $117.8 billion in 2022 and is poised to reach $138.4. billion by 2027, growing at a CAGR of 3.3% from 2022 to 2027.

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The prominent players in the IVD market are.

Roche diagnostics

Roche is a global pioneer in IVD focused on developing novel products with advanced research capabilities. The combined strengths of diagnostics & automation and growing expertise in personalized healthcare help the company acquire a prominent market share. The company’s differentiated product portfolio in infectious diseases, tissue diagnostics, oncology, and diabetes management, makes the company a leading player in the IVD market. Being a research-driven biotechnology company, Roche Diagnostics extensively invests in R&D. For instance, the company’s R&D expenditure accounted for USD 14.99 billion in 2021.

2. Danaher corporation

Danaher Corporation has established itself as a strong player in the IVD market. The company offers a wide array of products and services sold regularly through direct sales channels to a diverse customer base in more than 60 countries. As a multibillion-dollar global conglomerate, Danaher generates a large proportion of its sales in North America, Europe, and Asia/Australia.

During 2021, the Diagnostics segment experienced higher year-over-year sales for molecular diagnostics tests for COVID-19. Moreover, in 2021, core sales in the segment’s clinical lab business increased year-over-year across all major geographies, driven primarily by increased demand in the chemistry and immunoassay product lines. Additionally, in the same year, core sales in the molecular diagnostics business grew yearly in both developed and high-growth markets, contributing significantly to overall segment core sales growth. Sales in 2021 for the company’s diagnostics segment by region included-- 44% in North America, 19% in Western Europe, 5% in other developed markets, and 32% in high-growth markets.

3. ABBOTT LABORATORIES, INC.

Abbott Laboratories is a leading player in the IVD market. The company has a strong presence in the US and seeks to enhance its geographical presence by strengthening its business operations in emerging markets. The company has a strong product portfolio, and its FDA- and CE-approved products have helped it gain a sizable share of the IVD market. Abbott is presently focusing on developing next-generation instrument platforms, such as the PLEX-ID platform and other advanced patient self-testing technologies.

4. SIEMENS HEALTHINEERS

Siemens Healthineers is among the leading players in the IVD market. The company has a strong presence and scale and is directly represented in more than 70 countries worldwide, with primary production sites in the US, China, and Germany. Siemens provides a comprehensive array of IVDs spanning a breadth of test settings, from centralized reference and hospital laboratories to clinical and physician office laboratories. The company’s diagnostics business model is based on long-term contracts that include an initial instrument placement followed by ongoing reagent sales, which results in a predictive and resilient revenue stream.

In FY 2022, the company’s revenue increased notably across all segments on a comparable basis: Imaging by 5.8%, Varian by 6.5%, Advanced Therapies by 5.7%, and Diagnostics by 6.6%, including around USD 1.77 billion from rapid COVID-19 antigen tests.

5. SYSMEX CORPORATION

Sysmex’s business centers on IVD, especially hematology, urinalysis, and immunochemistry products. The company’s business spans over 190 countries. In IVD, Sysmex Corporation holds the 7th rank globally, the only top-10 company headquartered in Asia. Sysmex is a global leader in hematology products, holding more than 50% of the global hematology market.

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These five companies collectively shape the IVD market by consistently delivering innovative diagnostic solutions, playing a pivotal role in healthcare, and addressing the evolving diagnostic needs of patients and healthcare professionals.

#In Vitro Diagnostics #IVD #ivdmarket #healthcare

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trendingreports-07 · 1 year ago

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North America Immunochemistry Market Size, Growth Analysis and Global Outlook 2019 to 2027

This report is the market consists of a detailed description and analysis based on the various types of products are available in a wide range of end-user summaries on other markets North America Immunochemistry Market, it has introduced a new report titled. This report includes an analysis of the impact of the COVID-19 pandemic. The report offers a complete and analytical look at various companies striving to achieve high market shares in the North America Immunochemistry Market. This report includes various drivers as well as factors impeding the growth of this market during the forecast period. The report presents the market opportunities and a tangible impact on the key players dominating the market.

"The North America immunochemistry market is expected to reach US$ 1,536.87 Mn in 2027 from US$ 806.34 Mn in 2018. The market is estimated to grow with a CAGR of 7.6% from 2019-2027."

Sample PDF showcases the content structure and the nature of the information included in the report which presents a qualitative and quantitative analysis:

North America Immunochemistry includes Market Analysis Report Top Companies:

• PerkinElmer, Inc. • Abcam Plc • Agilent Technologies, • Bio SB • Bio-Rad Laboratories, Inc. • Cell Signalling Technology, Inc. • F. Hoffmann-La Roche Ltd. • Danaher • Merck KGaA • Thermo Fisher Scientific, Inc.

The rising advancements in biotechnology have increased the demand for diagnostics in the healthcare market, encouraging the introduction of a more significant number of immunoassay systems and facilitating the shift toward personalized medicine. There are new opportunities in infectious disease testing, molecular oncology, and pharmacogenomics in emerging countries. Hence, healthcare companies can target patients or consumers in developing nations.

North America Immunochemistry Market Segmentation:

North America Immunochemistry Market -By Types

• Antibodies • Equipment • Reagents • Kits

North America Immunochemistry Market Application Outlook:

• Diagnostics • Drug Testing

North America Immunochemistry Market: Competitive Landscape

This section of the report identifies various key manufacturers in the market. It helps the reader understand the strategies and collaborations that players are focusing on combatting competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the regional revenue of manufacturers, during the forecast period.

Browse the report description and TOC:

Key Features of the Report and North America Immunochemistry Market Highlights:

• Comprehensive assessment of all opportunities and risks in the regional market. • North America Immunochemistry market recent innovations and major events. • Detailed study of business strategies for growth of the North America Immunochemistry market-leading players. • Conclusive study about the growth plot of the North America Immunochemistry market for forthcoming years. • In-depth understanding of North America Immunochemistry market -particular drivers, constraints, and major micro-Markets. • Favourable impression of vital technological and market latest trends striking the North American Immunochemistry market.

North America Immunochemistry Market Research Report 2019-2027:

• Chapter 1: Industry Overview • Chapter 2: North America Immunochemistry Market International and Regional market Analysis • Chapter 3: Environment Analysis of market. • Chapter 4: Analysis of Revenue by Classifications. • Chapter 5: Analysis of Revenue by Regions and Applications. • Chapter 6: Analysis of North America Immunochemistry Market Revenue Market Status. • Chapter 7: Analysis of Industry Key Manufacturers • Chapter 8: Sales Price and Gross Margin Analysis of market. • Chapter 9: ……………………. Continue to TOC

Finally, the report presents market information in the most comprehensive manner. The report structure has been maintained to provide maximum business value. It provides critical insight into market dynamics and enables strategic decision-making for established market participants and those willing to enter the market.

Immediate delivery of our off-the-shelf reports and prebooking of upcoming studies, through flexible and convenient payment methods:

*If you need anything more than these then let us know and we will prepare the report according to your requirement.

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sanjay-chem · 2 years ago

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Immunohistochemistry Market Size, Share, Demand, Growth & Trends by 2032

As per Future Market Insights' latest industry analysis, the immunohistochemistry market size is expected to be worth US$ 2.05 billion in 2022 and US$ 4.59 billion by 2032, with a quick CAGR of 8.4% between 2022 and 2032.

Adoption of immunohistochemistry is anticipated to increase as a result of the rise in healthcare spending and the spike in interest in living a higher quality life.

The immunohistochemistry market outlook is anticipated to expand due to the increase in chronic diseases. As value-based healthcare solutions are becoming more popular, it is anticipated that the demand for immunohistochemistry is likely to increase rapidly.

The immunohistochemistry market share is expected to increase due to an increase in patients with cancer, infectious diseases, and cardiovascular disorders, all of which use immunohistochemistry for diagnosis.

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The alarming rate at which infectious diseases are spreading presents a challenge for medical professionals in developing drugs for such unidentified diseases. The rise in demand for immunohistochemistry for such diseases is expected to drive immunohistochemistry market growth.

According to the International Diabetes Federation, 463 million people aged 20 to 79 worldwide have diabetes as of 2019, with that figure expected to rise to nearly 700 million by 2045.

Increased R&D in immunohistochemistry-based techniques is expected to drive immunohistochemistry market growth in the coming years.

Additionally, the adoption of immunohistochemistry is estimated to grow over the course of the projected period due to an increase in the incidence and prevalence of chronic diseases like cancer, where proteins are expected to play a significant role. Short-term expansion of the immunohistochemistry industry is expected to be constrained by unfavorable reimbursement regulations.

Key Takeaways from Market Study

Since antibodies play such an important role in disease diagnosis and medication testing, the antibodies segment dominated the immunochemistry market in 2021, accounting for more than 41% of global revenue.

The diagnostics application sector accounted for approximately 70% of revenue in 2021, and it is expected that this segment is projected to lead during the forecast period.

In 2021, hospitals and diagnostic laboratories generated more than 71% of total revenue, dominating the immunochemistry market.

North America is likely to dominate the immunochemistry market in 2021, accounting for more than 39% of global sales.

Asia Pacific is expected to have the fastest CAGR during the forecast period. This is largely due to global players increased geographic presence in Asian markets.

"Increasing automation and machine learning deployment in immunohistochemistry (IHC), as well as the release of technologically enhanced IHC solutions, are expected to significantly drive the immunohistochemistry market share during the forecast period. Due to advancements in IHC methods, the demand for immunohistochemistry in disease diagnosis has increased significantly."- Future Market Insights Analyst.

Competitive Landscape

Key players in the immunohistochemistry market are developing cutting-edge products that are expected to drive immunohistochemistry market growth.

The introduction of these clinical diagnostic markers could help the immuno-oncology field advance early cancer medication development. The immunohistochemistry market is expected to expand at a faster rate during the forecast period due to R&D advancements.

The following companies are among the major players in the global immunohistochemistry market: Thermo Fisher Scientific Inc., F. Hoffmann-La Roche Ltd., Merck KGaA; Danaher Corporation; PerkinElmer, Inc., Bio-Rad Laboratories, Inc., Cell Signaling Technology, Inc., Bio SB; Abcam plc., Agilent Technologies, Inc.

Browse Full Report: https://www.futuremarketinsights.com/reports/immunohistochemistry-market

Key Segments

By Product:

Primary Antibodies

Secondary Antibodies

Slide Staining System

Tissue Microarrays

Tissue Processing Systems

Slide Scanners

Others

Histological stains

Blocking Sera and Reagents

Chromogenic Substrates

Fixation Reagents

Stabilizers

Organic Solvents

Proteolytic Enzymes

Diluents

By Application:

Cancer

Infectious Diseases

Cardiovascular Diseases

Autoimmune Diseases

Diabetes Mellitus

Nephrological Diseases

By End-use:

Hospitals & Diagnostic Laboratories

Research Institutes

Others

By Region:

North America

Latin America

Europe

Asia Pacific

MEA

Recent Developments in Immunohistochemistry Market:

Roche's VENTANA MMR RxDx companion diagnostic test was approved by the FDA in August 2021 for solid tumours that lack the MMR pathway. The test determines who is eligible for JEMPERLI, GSK's anti-PD1 immunotherapy.

Agilent received a CE-IVD mark in Europe in August 2021 for its PD-L1 IHC 22C3 pharmDx assay for the identification of oesophageal cancer patients for treatment with KEYTRUDA.

Biocare Medical LLC introduced the ONCORE Pro, a fully automated in vitro diagnostic benchtop system for In-situ Hybridization (ISH) and IHC applications, in January 2021.

In January 2021, Abcam and Shuwen Biotech (Shuwen) formed a strategic partnership to develop and market Companion Diagnostics (CDx). According to the agreement, Abcam will provide recombinant rabbit monoclonal antibodies to Shuwen Biotech for additional immunohistochemistry.

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chemicaltech · 2 years ago

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in vitro diagnostics quality control Market Pegged for Robust Expansion by 2031 | Type, Application, Scope & Key Companies

The global in vitro diagnostics quality control market was valued at USD 1.5 billion in 2021 and it is anticipated to grow further up to USD 2.2 billion by 2031, at a CAGR of 3.7% during the forecast period.

The effectiveness of in vitro diagnostic tests, including those for pathogen identification using in vitro nucleic acid testing, healthcare-associated illnesses (HAIs) such as pneumonia, urinary tract infections, and others, is assessed using IVD quality controls. These products primarily concentrate on defect detection, quality control, and validation panels like the Blood Culture (BCID) Control Panel, Human Papillomavirus (HPV) Control Panel, and others to support in the implementation and monitoring of the performance of clinical and research laboratories, blood diagnostic centers, and IVD manufacturers.

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Major Players in the Global In Vitro Diagnostic Quality Control Market

The key players studied in the global in vitro diagnostic quality control market are Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK), Thermo Fisher Scientific, Inc. (US), LGC Limited (UK), Abbott Laboratories (US), Roche Diagnostics (Switzerland), Siemens Healthineers (Germany), Danaher Corporation (US), Fortress Diagnostics (UK), SERO AS (US), Sysmex Corporation (Japan), Ortho-Clinical Diagnostics (US), and Helena Laboratories Corporation (US) among others.

Global In Vitro Diagnostics Quality Control Market Segmentation

By Product & Service

Quality Control Products

Data Management Solutions

Quality Assurance Services

By Technology

Immunochemistry

Clinical Chemistry

Molecular Diagnostics

Microbiology

Hematology

Coagulation/Hemostasis

Market Trends and Drivers

As the burden of various diseases increases globally, so has the number of laboratory tests. The number of laboratories in both the public and private sectors has increased in response to this need. With the start of the COVID-19 pandemic in December 2019, the demand for diagnostic tests has skyrocketed. Many government organizations have established new laboratories in response to this epidemic and to increase laboratory testing capacity. The majority of nations need clinical laboratories to get regulatory body accreditation before performing diagnostic tests. Additionally, accreditation to ISO 15189:2012 and other comparable standards is turning into a requirement in many nations. Authorities assess a laboratory’s competency and quality system during the accreditation process using predetermined standards. While some European nations, including Belgium, France, Hungary, Ireland, and Lithuania, require accreditation for a variety of laboratory tests, others, like Finland, the Netherlands, Sweden, Switzerland, and the UK, have practically finished the process.

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esglatestmarketnews · 2 years ago

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In Vitro Diagnostics Quality Control Market Research Report and Industry Analysis By 2026

The global IVD quality control market size is expected to reach USD 1.24 billion by 2026, according to a new report by Grand View Research, Inc. The market is projected to witness a CAGR of 4.1% over the forecast period. Continually evolving technology-oriented changes in the diagnostics field and growing need to ensure patient safety necessitate the implementation of quality assurance programs in various medical disciplines including radiology and Point-of-Care (PoC) devices. Patients rely on self-testing IVD devices for long-term disease management and hence it is important for such devices to be checked, in terms of result reproducibility and validity, to guarantee patient safety.

Rising number of certified clinical laboratories offering dependable IVD-based diagnostic services directly correlates with increased patient confidence, thus driving the market. In addition to quality assessments, amendments to the regulatory framework are made intermittently to enhance the existing standards with the main objective of safeguarding qualitative superiority of the diagnostic services. In May 2016, the European Union passed an agreement to update the pre-existing regulations pertaining to IVD devices, wherein the updates were in concern with raising the patient safety levels, particularly for disabled persons. The presence of third-party agencies for independent assessment of the IVD devices is expected to elevate the current safety standards, which will drive the In Vitro Diagnostics (IVD) Quality Control market further.

Further key findings from the study suggest:

• In 2018, the clinical chemistry was the second-largest application segment of the global IVD market, in terms of market share

• Demand for preventive medicine and rapid transformation of clinical laboratories into highly automated and efficient businesses are some of the factors for the segment’s growth

• Molecular diagnostics is projected to be the fastest-growing segment due to increasing technical complexity of molecular diagnostic testing and need for quality evaluation to ensure standards

• These tests are of prime importance as the outcomes enable healthcare practitioners make critical treatment decisions

• Hospitals was the largest segment in 2018 due to the presence of advanced technology-based devices like Next Generation Sequencing (NGS) and microarrays, and rising applications of the optimized quality-control procedures

• North America was the dominant regional market in 2018 due to the presence of over 150,000 registered diagnostics labs and is likely to maintain the dominance throughout the forecast years

• Siemens Healthcare GmbH; Roche Diagnostics; Alere, Inc.; Abbott Laboratories, Inc.; Qiagen N.V.; Bio-Rad Laboratories, Inc.; Quidel Corp.; Becton, Dickinson and Company; bioMerieux, Inc.; Sysmex Corp.; Sero AS; and Thermo Fisher Scientific, Inc. are some of the key companies in the global market

The global In Vitro Diagnostics (IVD) and IVD quality control market combines to account for USD 112.79 billion in revenue in 2021, which is expected to reach USD 114.73 billion by 2030, growing at a cumulative rate of 0.2% over the forecast period.

In Vitro Diagnostics Quality Control Market Segmentation:

Grand View Research has segmented the global IVD quality control market on the basis of application, type, end use, and region:

IVD Quality Control Application Outlook (Revenue, USD Million, 2014 – 2026)

• Immunochemistry

• Hematology

• Clinical Chemistry

• Molecular Diagnostics

• Coagulation

• Microbiology

• Others

IVD Quality Control Type Outlook (Revenue, USD Million, 2014 – 2026)

• Quality Control

Quality Controls, by Type

Plasma-based Control

Serum-based Control

Whole Blood-based Control

Others

Quality Controls, by Application

Immunochemistry

Hematology

Clinical Chemistry

Molecular Diagnostics

Coagulation

Microbiology

Others

• Quality Assurance Services

Immunochemistry

Hematology

Clinical Chemistry

Molecular Diagnostics

Coagulation

Microbiology

Others

• Data Management

Clinical Chemistry

Immunochemistry

Hematology

Molecular Diagnostics

Coagulation

Microbiology

Others

IVD Quality Control End Use Outlook (Revenue, USD Million, 2014 – 2026)

• Hospitals

• Laboratories

• Home-care

• Others

IVD Quality Control Regional Outlook (Revenue, USD Million, 2014 – 2026)

• North America

U.S.

Canada

• Europe

U.K.

Germany

France

Spain

Italy

Russia

• Asia Pacific

Japan

China

India

South Korea

Singapore

Australia

• Latin America

Brazil

Argentina

• Middle East & Africa

South Africa

UAE

Saudi Arabia

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#In Vitro Diagnostics Quality Control Market #In Vitro Diagnostics Quality Control Market Research #In Vitro Diagnostics Quality Control Market Report #In Vitro Diagnostics Quality Control Market analysis #In Vitro Diagnostics Quality Control Industry

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aleemtbrc · 5 years ago

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Global Immunochemistry Diagnostic Equipment Market Report Trends, Growth and Revenue To 2022

TheBusinessResearchCompany published its Immunochemistry Diagnostic Devices And Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global immunochemistry diagnostic devices and equipment market. The report covers the immunochemistry diagnostic devices and equipment market’s segments- immunochemistry analyzers, immunochemistry stainers, incubators, microscopes, centrifuges, autoclaves, consumables, endocrinology, oncology, cardiology, therapeutic drug development & monitoring, infectious disease testing, drugs of abuse testing, hospitals and clinics, diagnostic laboratories, research labs and institutes, biopharmaceutical and biotechnology companies, chemiluminescence immunoassay (CLIA) analyzers, immuno fluorescence (IFA) analyzers, enzyme immunoassay (EIA) analyzers, radioimmunoassay (RIA) analyzers, enzyme linked fluorescent assay (ELFA) systems, multiplexed assay systems, automated stainers, semi-automated stainers, antibodies, antigens, enzymes, reagents, stains, & buffers, disposables, and others.

Explore Complete Report https://www.thebusinessresearchcompany.com/report/immunochemistry-diagnostic-devices-and-equipment-global-market-report

Immunochemistry Diagnostic Devices And Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth. It covers all the regions, key developed countries and major emerging markets. It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing. The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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Companies in the immunochemistry diagnostic devices and equipment market are increasingly investing in automated immunoassay systems. This is mainly because automation has led to an increase in capabilities of diagnostic devices in testing higher volumes of patient specimens.

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Chapters from Table of Content:

Chapter 1. Executive Summary

Chapter 2. Immunochemistry Diagnostic Devices And Equipment Market Characteristics

Chapter 3. Immunochemistry Diagnostic Devices And Equipment Market Size And Growth

Chapter 4. Immunochemistry Diagnostic Devices And Equipment Market Segmentation

Chapter 5. Immunochemistry Diagnostic Devices And Equipment Market Regional And Country Analysis

…….

Chapter 27. Immunochemistry Diagnostic Devices And Equipment Market Trends And Strategies

Chapter 28. Immunochemistry Diagnostic Devices And Equipment Market Future Outlook and Potential Analysis

Chapter 29. Appendix

Few Points From List of Tables:

Table 1: Global Historic Market Growth, 2014-2018, $ Billion

Table 2: Global Forecast Market Growth, 2014-2022F, 2025F, 2030F, $ Billion

Table 3: Global Immunochemistry Diagnostic Devices And Equipment Market, Segmentation By Product Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion

………..

Table 70: Siemens Healthcare Diagnostics Financial Performance

Table 71: Diamond Diagnostics Financial Performance

Table 72: Dynex Technologies Financial Performance

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nileshdbmr · 4 years ago

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Professional Diagnostics Market in Global Industry: Demands, Insights, Research

Professional diagnostics market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account to be growing with the CAGR of 6.70 % in the above-mentioned forecast period.

Diagnoses in life threatening conditions such as acute cardiac infarction and sepsis along with downward pricing pressure owing to commodity nature will restraint the growth of the professional diagnostics market in the above mentioned forecast period.

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Key Market Competitors: Professional Diagnostics Market

The major players covered in the professional diagnostics market report are F. Hoffman-La Roche Ltd, Abbott, Danaher, Thermo Fischer Scientific Inc., Siemens Medical Solutions USA, Inc., Abaxis, Hologenic Inc., Bio-Rad Laboratories Inc., BD, Enzo Biochem Inc, Trivitron Healthcare, Shenzhen New Industries Biomedical Engineering Co., Ltd., Sinduri Biotec, Sekisui Diagnostics, Nipro Diagnostics, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Instrumentation Laboratory among other domestic and global players.

Segmentation: Global Professional Diagnostics Market

· By Product Type (Immunochemistry, Clinical Microbiology, Point Of Care Test (POCT), Haematology And Haemostasis)

· By End Users (Hospital, Diagnostic Centers, Others)

· By Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia)

Focus of the report

· CAGR values in the market for the forecast period

· Key trends in the market place

· Major players and brands

· Historical and current market size and projection up to 2026.

· Detailed overview of parent market

· Changing market dynamics of the industry

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• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period

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Key insights in the report:

• Complete and distinct analysis of the market drivers and restraints

• Key Market players involved in this industry

• Detailed analysis of the Market Segmentation

• Competitive analysis of the key players involved

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speedypeacething-blog · 5 years ago

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In Vitro Diagnostics Market: Growth, Development and Forecast Report 2017 – 2027

Global In-Vitro Diagnostic Market, by Product & Services (Reagents & Kits, Instruments, Data Management Software, Services). By Technology (Immunoassay/Immunochemistry, Clinical Chemistry, Microbiology, Hematology, Coagulation and Hemostasis, Urinalysis, Other IVD Technologies). By End User (Hospitals, Laboratories, Point-Of-Care Testing, Patient Self-Testing, Academic Institutes, Other End Users). By Application (Infectious Diseases, Diabetes, Oncology, Cardiology, Autoimmune Diseases, Nephrology, Drug Testing/Pharmacogenomics, HIV/Aids, & Other Applications) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, & Africa) is expected to gain traction over the forecast period between 2019 and 2027.

For requesting a free sample to our latest study on Global In-Vitro Diagnostic Market, visit: https://meridianmarketconsultants.com/requst?rid=1694

In-Vitro Diagnostic Market Dynamics

Increase in the prevalence of autoimmune diseases and cancer is expected to drive the growth of the market in nearby future. According to the statistics published by the American Autoimmune Related Diseases Association, in 2019, around 50 million of the U.S. population is suffering from autoimmune disease. Autoimmune disease is considered in top 10 leading causes of death in women and girls up to the age of 64 years in the U.S.

Also, an increase in the government expenditure towards treatment of cancer is expected to be the one of the major factors that will drive the growth of market. For instance, according to the Insititute of Medicine report published in 2018, the U.S. is considered way behind in terms of research and development into immune system. In the year 2018, the National Institute of Health (NIH) contribute US$ 591 Mn on autoimmune disease research and development programs, which is very low in comparison to their spending on cancer research and development which is around US$ 6.1 billion.

Furthermore, an increase in the prevalence of cancer owing to the rapid growth in the consumption rate of alcohol and tobacco, sedentary lifestyle, and etc. is expected to act as a major factor that will drive the growth of the market around the globe. For instance, According to National Cancer Institute published data in 2018, it is estimated that 1,735,350 new cases of cancer will be diagnosed in the U.S. in the year 2018 and more than 600k people died due to the cancer. Also, on the basis of 2011-2015 cases, the incidence of cancer is 432.2/100,000 men and women. NCI also estimated that in 2017, a national expenditure for cancer care in the U.S. was more than 147 billion and it is expected to increase in nearby future owing to an increase in the geriatric population and prevalence of cancer. The cost for the treatment will also increase due to the advancement in technology and new treatments likely to be adopted as standards of care.

Some of the other factors such as advancement in technology and increasing demand of point of care devices and an increase in the number of laboratory tests due to the increasing burden of many diseases and increasing research facility are likely to propel the growth of the market mainly in the developing economies.

The global In-Vitro diagnostic market in 2018 is accounted for more than US$ xx Bn and expected to reach a value of US$ XX Bn by 2027 with a significant CAGR of around 4.7 % over the forecast period of 2019-2027.

To know the latest insights, qualitative data, trends, quantitative data, and more related to Global In-Vitro Diagnostic Market, visit: https://meridianmarketconsultants.com/global-in-vitro-diagnostics-market

Global In-Vitro Diagnostic Market Regional Segmentation

On the basis region, the global in-vitro diagnostics market is segmented into six regions namely North America, Latin America, Asia Pacific, Europe, Middle East, and Africa. North America is accounted for the largest market share of more than 45% in the year 2018, and expected to maintain its dominance throughout the forecast period (2019-2027). It is due to the favorable government regulations and availability of funds from government mainly in the U.S. and also due to the presence of market-dominating players in the region.

Asia Pacific region is expected to grow at the highest annual growth rate in comparison to other regions during the forecast period, owing to the increasing incidence and prevalence in various countries like China and India.

Global In-Vitro Diagnostic Market Competitive Landscape

Some of the key participating players in the global In-Vitro Diagnostics market are Roche Diagnostics, Siemens Healthineers, Danaher Corporation, Abbott Laboratories, Thermo Fisher Scientific, Johnson & Johnson, Becton, Dickinson and Company, Bio-Rad Laboratories, Sysmex Corporation, bioMérieux, DiaSorin, Ortho Clinical Diagnostics, Agilent Technologies, QIAGEN, and among others.

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ashwetu · 2 months ago

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Meticulous Research® Unveils New Report: Africa IVD Market Poised to Reach $1.65 Billion by 2031

Download Sample Report Here : https://www.meticulousresearch.com/download-samplereport/cp_id=5415

Market Growth Drivers and Challenges

Check complete table of contents with list of table and figures:

Market Segmentation and Key Insights

The report provides detailed insights into the market, segmented by offering, technology, application, diagnostic approach, and end user:

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Geographic Insights

Competitive Landscape

Key players in the Africa IVD market include Abbott Laboratories (U.S.), Becton, Dickinson and

Company (U.S.), bioMérieux SA (France), Danaher Corporation (U.S.), F. Hoffmann-La Roche

Ltd (Switzerland), QIAGEN N.V. (Netherlands), Siemens Healthineers AG (Germany), Thermo

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Key Questions Addressed in the Report:

What is the current revenue generated by IVD products in Africa?

What are the projected growth rates for the Africa IVD market over the next 5–7 years?

What are the key drivers, opportunities, and challenges affecting this market?

Which market segments are generating the most traction in terms of offering, technology, and application?

Which countries in Africa offer significant growth opportunities for market participants? Who are the leading players, and what products and strategies are they employing in the Africa IVD market?

What recent developments are shaping the competitive landscape?

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technavio · 5 years ago

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Global In-vitro Diagnostics Market 2019-2023

The global in-vitro diagnostics market is expected to post a CAGR of close to 7% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global in-vitro diagnostics market is the high demand for personalized medicine. The growing focus on next-generation sequencing for genetic mapping of patients, companion diagnostics, whole genome technology, increasing use of combination biomarkers for diagnostics is fueling the growth of the personalized medicine market. With researchers and diagnostic companies seeking to develop diagnostic tests for therapeutic application fields such as cardio-renal, neurology, antiviral, pulmonary, and psychiatry, the demand for personalized medicines is expected to grow significantly during the forecast period.

This market research report on the global in-vitro diagnostics market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the technological advances in in-vitro diagnostics as one of the key emerging trends in the global in-vitro diagnostics market:

Global in-vitro diagnostics market: Technological advances in in-vitro diagnostics

Over the years, there have been significant advances in healthcare technology that has transformed patient care worldwide. By incorporating next-generation tabletop and hand-held diagnostics that work on genes, the in-vitro diagnostics market is witnessing immense technological advancements. Advanced cutting-edge technologies like point-of-care testing, next-generation sequencing, near patient testing, increased automation, hospital laboratory management, and customer relationship management have revolutionized the in-vitro diagnostics sector by providing an accurate and precise diagnosis at rapid rates.

“Apart from the high demand for personalized medicine, factors such as the increasing geriatric population, chronic, and infectious diseases, and the industrial development are expected to positively impact the growth of the global in-vitro diagnostics market during the forecast period,” says a senior analyst at Technavio.

Global in-vitro diagnostics market: Segmentation analysis

This market research report segments the global in-vitro diagnostics market by technology (immunochemistry, molecular diagnostics, tissue diagnostics, and hematology), and geographical regions (APAC, EMEA, and the Americas).

The Americas region led the market in 2018 with a market share of over 44%, followed by EMEA and APAC respectively. Although the APAC region held the smallest market share in 2018, it is expected to register the highest incremental growth during the forecast period.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

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Market characteristics

Market segmentation analysis

Market Sizing

Market definition

Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison

Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered

Vendor classification

Market positioning of vendors

Competitive scenario

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#In-vitro Diagnostics Market #In-vitro Diagnostics Market Size #In-vitro Diagnostics Market Analysis #In-vitro Diagnostics Market Trends

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joeypetter · 2 years ago

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Global In Vitro Diagnostics (IVD) Market Report 2022| Research Analysis with Trends, Segmentation, Share and Forecast by 2030| By R&I

The report is titled as ‘In Vitro Diagnostics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the In Vitro Diagnostics market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. In Vitro Diagnostics market is expected to grow with significant rate in the near future.

The global In Vitro Diagnostics (IVD) market in 2020 is estimated for more than US$ 70,561.9 Mn and expected to reach a value of US$ 1,03,310.9 Mn by 2028 with a significant CAGR of 4.9%.

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In Vitro Diagnostics Market Dynamics

In-vitro diagnostics are tests performed in laboratories on biological samples such as blood, urine, tissue, etc. In vitro diagnostic are not only used for diagnosis but also provides useful information on monitoring of disease and treatment. Two-thirds of today’s clinical diagnoses involve in vitro diagnostics, hence are referred to as the backbone of healthcare.

In-vitro diagnostics market has witnessed substantial growth in last decade owing to technological advancements in testing methods as well as in analyzer instruments. According to the EPRS report, there are over 40,000 different IVD products available in the European market and per capita annual spending on IVD is approximately US$ 26. In-vitro diagnostics help to reduce the healthcare cost by making treatments more efficient and precise.

Evolving regulations for in-vitro diagnostics is the major driving force for market growth over the forecast period. For instance, regulation of medical devices in the European Union (EU) is undergoing a significant transformation with expanding the scope for in vitro diagnostics, which is expected to impact the increased product approvals for IVD in the region. Significant progress in point-of-care testing is another factor driving the growth of the global in-vitro diagnostics market. Introduction of molecular based assays and identification of range of biomarkers has opened up huge new opportunity for growth of global in-vitro diagnostics market.

MMC Overview on In Vitro Diagnostics Market Report

The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the In Vitro Diagnostics market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

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In Vitro Diagnostics Market Segmentation

The global in vitro diagnostics market is segmented on the basis of product type, technology, end user and region. On the basis of product type, in vitro diagnostics market is segmented as reagents and kits, analyze, and consumables. Based on technology, global market is segmented as immunochemistry, molecular diagnostics, hematology, point-of-care diagnostics, tissue diagnostics and clinical chemistry. On the basis of end user, global in vitro diagnostics market is segmented into hospitals, diagnostic centers, clinics, home care settings and others.

By Products & Services

Reagents & Kits

Instruments

Fully Automated Instruments

Semi-Automated Instruments

Other Instruments

Data Management Software

Services

By Technology

mmunoassay/Immunochemistry

Enzyme-Linked Immunosorbent Assay

hemiluminescence Immunoassays

Fluorescence Immunoassays

Colorimetric Immunoassays

Radioimmunoassay

Rapid Test

Western Blotting

Enzyme-Linked Immunospot Assays

Clinical Chemistry

Basic Metabolic Panel

Electrolyte Panel

Liver Panel

Lipid Profile

Renal Profile

Thyroid Function Panel

Specialty Chemical Tests

Molecular Diagnostics

Polymerase Chain Reaction

Isothermal Nucleic Acid Amplification Technology

Microarray

Hybridization

DNA Sequencing & Next-Generation Sequencing

Other Mdx Technologies

Microbiology

Hematology

Coagulation and Hemostasis

Urinalysis

Other IVD Technologies

By Application

Infectious Diseases

Diabetes

Oncology

Cardiology

Autoimmune Diseases

Nephrology

Drug Testing/Pharmacogenomics

HIV/Aids

Other Applications

By End User

Hospitals

Laboratories

Large/Reference Laboratories

Medium-Sized Laboratories

Small Laboratories

Point-Of-Care Testing

Patient Self-Testing

Academic Institutes

Other End Users

By Region

North America

Latin America

Europe

Asia Pacific

Middle East

Africa

In Vitro Diagnostics Market Competitive Landscape

Global market for in vitro diagnostics is dominated by Abbott Laboratories, Merck KGaG, F. Hoffman-La Roche AG, Becton Dickinson & Company, Danaher Corporation, Thermo Fisher Scientific Inc., Qiagen N.V., Diasorin S.P.A., biomerieux SA, Alere Inc., Bayer AG, Bio-Rad Laboratories Inc., Sysmex Corporation, etc. to name a few.

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mana05 · 2 years ago

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In Vitro Diagnostics Quality Control Market Size, Share, Revenue, Worth, Statistics, Segmentation, Outlook, Overview 2029

In Vitro Diagnostics Quality Control Market Overview:

The purpose of this research is to provide a detailed analysis of the In Vitro Diagnostics Quality Control Market by segment and geography. The article goes into great detail about the primary factors influencing the In Vitro Diagnostics Quality Control market's growth. The research also includes a comprehensive assessment of the market's value chain.

Expected Revenue Growth:

In Vitro Diagnostics Quality Control Market size was valued at USD 1.68 Bn. in 2021 and the market is expected to grow at 5.5% from 2022 to 2029, reaching nearly USD 2.58 Bn.

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In Vitro Diagnostics Quality Control Market Scope:

To get the final quantitative and qualitative data, all possible components influencing the markets covered by this research study were studied, thoroughly researched, validated by primary research, and evaluated. Market size is predicted for top-level markets and sub-segments, and the influence of inflation, economic downturns, regulatory and policy changes, and other variables is taken into account when estimating market size. This data is collated and presented in this study, together with comprehensive contributions and analysis from companies.

To validate the market size and estimate the market size by different segments, top-down and bottom-up methodologies are utilized. The research's market estimates are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights applied to each section based on usage rate and average sale price are used to determine percentage splits, market shares, and segment breakdowns. The percentage adoption or usage of the provided market Size in the relevant area or nation is used to determine the country-wise splits of the overall market and its sub-segments.

In Vitro Diagnostics Quality Control Market Dynamics:

The growing global burden of various diseases has resulted in an increase in the number of laboratory tests. To fulfill this need, the number of laboratories in the public and commercial sectors has increased rapidly. With the development of the COVID-19 pandemic in December 2019, the demand for diagnostic testing has grown. Many government agencies have established additional laboratories in response to the outbreak and to increase laboratory testing capacity.

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In Vitro Diagnostics Quality Control Market Segment Analysis:

By Technology, the Immunochemistry segment dominated the market with the largest market share in 2021 and is expected to maintain its dominance at the end of the forecast period. Immunochemistry diagnostics are expected to hold the largest market share in the IVD quality controls market because of their value in determining the molecular mechanism of various antigens, antibodies, and their interactions that affect the immune system.

In Vitro Diagnostics Quality Control Market Major Players:

Market leaders are identified through primary and secondary research, and market revenue is calculated by primary and secondary research. Primary research included in-depth interviews with important thought leaders and industry professionals such as experienced front-line personnel, CEOs, and marketing managers, while secondary research included an analysis of the top manufacturers' quarterly and financial performance. Secondary data is used to establish worldwide market percentage splits, market shares, growth rates, and breakdowns, which are then cross-checked against primary data.

The major players covered in the In Vitro Diagnostics Quality Control market report are

• Bio-Rad Laboratories, Inc. • Randox Laboratories Ltd. • Thermo Fisher Scientific, Inc. • LGC Limited • Abbott Laboratories • Roche Diagnostics • Siemens Healthineers • Danaher Corporation • Fortress Diagnostics • SERO AS • Sysmex Corporation • Ortho-Clinical Diagnostics • Helena Laboratories Corporation • Quidel Corporation

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Regional Analysis:

Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.

COVID-19 Impact Analysis on In Vitro Diagnostics Quality Control Market:

The COVID-19 pandemic has impacted industries such as aerospace and military, agriculture, autos, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among others. COVID-19 has had an influence on the In Vitro Diagnostics Quality Control market as a whole, as well as the growth rate in 2019-2020, as the impact of COVID-19 has spread. Our most recent questions, views, and market information are vital to the In Vitro Diagnostics Quality Control industry's firms and associations.

Key Questions Answered in the In Vitro Diagnostics Quality Control Market Report are:

Which segment grabbed the largest share in the In Vitro Diagnostics Quality Control market?

What was the competitive scenario of the In Vitro Diagnostics Quality Control market in 2021?

Which are the key factors responsible for the In Vitro Diagnostics Quality Control market growth?

Which region held the maximum share in the In Vitro Diagnostics Quality Control market in 2021?

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nikhilghodse20051994 · 2 years ago

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Colorectal Cancer Market to Explore Emerging Trends of Coming Years

The Colorectal Cancer Market is expected to grow from US$ 18,619.3 million in 2022 to US$ 24,078.5 million by 2028; it is expected to grow at a CAGR of 3.3% from 2022 to 2028.

The increasing prevalence of colorectal cancer and demand for advanced cancer diagnostics across the globe are driving the growth of the global colorectal cancer market. The government’s measures to control pharmaceutical prices are hampering the overall market growth. Rising market potential in developing economies is expected to provide lucrative opportunities for the global colorectal cancer market in the coming years. Furthermore, the growing number of product approvals and developments is likely to boost the market during the forecast period.

Colorectal cancer is also known as bowel, colon, or rectal cancer. This type of cancer is the second leading cause of death in women and the third leading cause of death in men. Colorectal cancer can be benign, noncancerous, or malignant. The symptoms of colon cancer patients include changes in bowel habits, diarrhea or constipation, and blood in stools that make it look black. Colorectal cancer can be treated with chemotherapy, radiotherapy, and surgery.

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Based on modality, the global colorectal cancer market is segmented into diagnosis type, therapy type, and imaging type. The diagnosis type segment accounted for the largest share of the market in 2022. Further, it is anticipated to register a higher CAGR during the forecast period, owing to an increasing number of diagnostics tests done by patients. The diagnosis type segment is further categorized into immunochemistry, stool test, flexible sigmoidoscopy, colonoscopy, CEA test, and others. Leading companies offer a huge range of products; for instance, Roche offers robust tools to aid in colorectal cancer diagnostics; the portfolio of assays includes VENTANA MLH-1 (M1) Mouse Monoclonal Primary Antibody, VENTANA anti-MSH6 (SP93) Rabbit Monoclonal Antibody, and VENTANA CDX-2 (EPR2764Y).

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Impact of COVID-19 Pandemic on Global Colorectal Cancer Market

The COVID-19 pandemic has significantly affected the global healthcare system. To combat the spread of SAR-CoV-2, governments imposed stringent policies in 2020 and 2021 to prevent and reduce infection and mortality rates. Due to lockdown and travel restrictions, the global colorectal cancer market was adversely affected. This is mainly due to reduced CRC screening to prevent cancer patients from frequent travel to hospitals. Furthermore, hospitals postponed or canceled lengthy procedures to free up limited space for COVID-19 patients. The cancellation of surgeries to reduce exposure to COVID-19 in the hospital hampered the growth of the colorectal cancer market. However, the world is slowly recovering from the COVID-19 pandemic and has resumed rebuilding lives and economies. Therefore, with the easing of lockdowns worldwide and the resumption of elective procedures, the colorectal cancer market is expected to recover the loss over the coming years significantly.

Company Profiles

F. Hoffmann-La Roche AG

Epigenomics AG

Novigenix SA

Abbott Laboratories

Amgen Inc.

Volitionrx

EDP Biotech

Clinical Genomics Technologies Pvt Ltd

Bruker

Quest Diagnostics Incorporated

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