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In Vitro Diagnostics (IVD) Quality Control Market Analysis, Demand & Forecast to 2020 – Bio-Rad Laboratories, Inc. (US), Randox Laboratories Ltd. (UK)
Market Overview
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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Market Dynamics
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.
It costs a lot of money to set up a QC process in a clinical laboratory. Additionally, laboratories must keep a specialized staff on hand to oversee the QC system. Moreover, regardless of the number of tests conducted, QC procedures are expensive. As a result, QC methods are particularly expensive to adopt for clinical laboratories that perform few diagnostic tests. This is predicted to lead to a lesser adoption of QC procedures, along with budgetary restrictions in many hospitals and laboratories in developed and emerging nations.
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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.
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Global Point-of-Care Diagnostics Market Size, Share, Growth and Forecast 2031
Global point-of-care diagnostics market is projected to witness a CAGR of 7.90% during the forecast period 2024-2031, growing from USD 47.21 billion in 2023 to USD 86.74 billion in 2031.
Factors driving the point-of-care diagnostics market include the rising prevalence of infectious diseases, increased investment in technology that includes artificial intelligence, growing demand for decentralized healthcare solutions, and increased corporate investments. Apart from this, improvement in the trend towards home care improves the patient’s experience and lowers the costs of healthcare as well.
Global point-of-care (POC) diagnostics consists of rapid, on-site tests that enable immediate clinical decision-making. These tests are significant as they allow accurate and timely reporting, improving patient care results and reducing the need for centralized lab facilities. Its high ability to deliver fast, reliable diagnostics at the point of patient care positions it in a valuable category in every healthcare setting, initiating a more efficient, accessible healthcare delivery worldwide.
Companies are strengthening their diagnostics segment through R&D investment to gain a solid stand in the advanced point-of-care diagnostics market. Moreover, they obtain funds to develop their capabilities and speed up innovation in diagnostic solutions. Overall, these strategic initiatives enhance the quality and efficiency of POC diagnostics, fueling market growth and steadily increasing demand for faster, more accurate testing. For instance, in July 2024, NOWDiagnostics, Inc. (NOWDx) closed a USD 22.5 million Series B funding aimed at fast-tracking rapid at-home diagnostic tests. NOWDxwill utilize the funding for the launch of innovative diagnostics, and home-based tests and expand the portfolio of tests. NOWDx has a promising clinical research pipeline of around 30 diagnostic tests, and the company is willing to utilize the funding for the approval and commercialization of these tests.
Similarly, in August 2024, Lumos Diagnostics Holdings Limited (Lumos), a rapid POC diagnostic solutions manufacturer, extended its partnership with the Burnet Institute to conduct a clinical trial of a new POC test for monitoring liver health. This kind of development suggests that the market is expanding and increasing demand to innovate liver function monitoring and pave the way for future home-based tests.
Technological Advancements of Point-of-Care Diagnostics
Technological advancement is driving the growth of point-of-care diagnostics as a viable means to ease healthcare burdens. These devices are user-friendly and inexpensive, with rapid turnaround times; thus, they suit patients with financial constraints, social stigma, and mobility issues. Miniaturized biochip devices can detect diseases rapidly using simple samples such as blood or saliva. Integrating AI and microfluidic technologies improves diagnostic precision and efficiency, making it possible for POC devices to detect biomarkers in a wide range of conditions, from infectious diseases to oncology and many more. For instance, in June 2023, Sysmex Corporation launched its first point-of-care testing system for Europe, designed to diagnose antimicrobial susceptibility in 30 minutes rapidly. Using microfluidic technology, the system rapidly detects bacteria, analyzes the effectiveness of antimicrobial drugs using urine samples, and is likely to alter conventional approaches toward the diagnosis of infectious diseases and deal with the imperative urgency of speeding up the detection of UTI infections.
Growing Preference for Home Care Driving Market Growth
The growing preference for healthcare services at home is a key driver for growth in the point-of-care diagnostics segment. Patients are now looking for convenient, cost-effective, and more customized care delivery. There has been a rising demand for diagnostic tests that can be performed outside traditional clinical settings. POC diagnostics allow people to track their health conditions from the comfort of their homes. This reduces the number of hospital visits and decreases healthcare costs. The availability, accessibility, and usability of home-based diagnosis solutions are attractive factors contributing to increased usage and driving the market in the health sector. For instance, in March 2023, Cue Health Inc. launched a portfolio of home-based diagnostic test kits that offer company test-to-treat services to help people with easy health management from their homes. The marketed kits include heart health test kits, sexual health test kits, women’s health test kits, metabolic health test kits, and wellness test kits. These kits are enabled with Cue Care, allowing a simple and private collection of samples for the CLIA-certified independent laboratory analysis. The results are efficiently provided in the Cue Health App, coupled with relevant health information.
Favorable Funding Scenario to Fuel Market Growth
The COVID-19 pandemic has significantly transformed the funding landscape of point-of-care diagnostics. Health disparities caused during the pandemic highlight the need for fast, accurate, and accessible testing. In response, funding for R&D has surged to develop advanced and more point-of-care diagnostic tests. That additional funding helped drive faster the development of new POC diagnostics solutions that could rapidly and effectively diagnose and treat health conditions. The capital inflow has also expanded testing capabilities beyond COVID-19 to a broader set of conditions and applications. For this reason, the market is likely to experience tremendous growth, with ongoing investment remaining in a core position to drive diagnostic innovations in terms of improved access to healthcare for populations.
For instance, in March 2024, BioMérieux SA invested USD 10.76 million (NOK 115 million) to develop a small-scale immunoassay POC analyzer with SpinChip Diagnostics ASA. This advanced platform delivers diagnostic performance from a single blood droplet within minutes and has scalability across the POC market. The first product is a high-sensitivity cardiac troponin I test, which will be a monumental step in the method of emergency triaging and treatment of acute heart attacks.
Infectious Disease Testing Products Dominating Point-of-Care Diagnostics Market
Infectious disease testing products hold the largest share of the POC diagnostics market. They create an utmost need to provide rapid, on-site diagnosis for conditions such as COVID-19, HIV, influenza, and tuberculosis. These tests can be done immediately; thus, results can speed up the decisions about treatment, and infectious diseases will not spread faster as they are being diagnosed promptly. The portability and ease with which they may be used in even clinical settings, as well as remote or resource-limited areas, ensure their effectiveness. The growing epidemics of infectious diseases coupled with the technological advancements in POC testing devices further gave strength to these tools for controlling outbreaks and managing public health challenges effectively.
In August 2023, QuidelOrtho Corporation received De Novo FDA approval for its Sofia 2 SARS Antigen+ FIA. The prescription test is well-suited to point-of-care settings, supporting companies’ efforts to expand their product offerings for infectious disease testing. This approval reflects the ongoing trend of companies looking at upgrading diagnostic offerings by securing regulatory approvals and launching more advanced tests to respond to growing demand.
North America Dominates Point-of-Care Diagnostics Market Share
North America holds the largest share in the point-of-care diagnostics market due to robust healthcare infrastructure and is largely supported by the government, which leads to the encouragement of innovation and significant adoption of more advanced diagnostic technologies. The presence of prominent market players creates competition, and this, in turn, leads to a continued development in product offerings. For instance, in July 2023, Vital Biosciences Inc., a Canada-based company, launched its first point-of-care testing platform, VitalOne, a compact device roughly the size of a desktop computer, at the Annual Meeting of the American Association of Clinical Chemistry. It will revolutionize diagnostics, as the system can provide more than 50 lab-grade results within 20 minutes. Moreover, regional companies are streamlining efforts, helping drive its leadership. In July 2024, Babson Diagnostics, Inc. introduced its new BetterWay blood testing service at Austin retail pharmacies. This BetterWay enables patients to be tested at retail pharmacies. This makes access easier for consumers. This will encourage more people to seek such diagnostic services, further fueling the demand in the market.
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Future Market Scenario (2024-2031F)
This market is expected to hold several growth opportunities in the coming years due to an increasing prevalence of infectious disease, advancement in point-of-care diagnostic technologies, growing advancements in home care diagnostics, and an increase in investments toward research and development activities. In addition, AI-integrated testing holds great promise in the future toward both accuracy and usability, and researchers are working to make the innovation even better. For example, in August 2024, a team at the University of California, Los Angeles (UCLA) managed to design an AI-based test similar to home-based COVID-19 tests that would detect Lyme disease accurately in under 20 minutes.
Report Scope
“Point-of-Care Diagnostics Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of the global point-of-care diagnostics market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between 2024 and 2031. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Cancer Profiling Market to Hit $19.28 Billion by 2032
The global Cancer Profiling Market was valued at USD 9.4 Billion in 2024 and it is estimated to garner USD 19.28 Billion by 2032 with a registered CAGR of 10.8% during the forecast period 2024 to 2032.
The report throws light on the competitive scenario of the global Cancer Profiling Market to know the competition at global levels. Market experts also provided the outline of each leading player of the global Cancer Profiling Market for the market, considering the key aspects such as the areas of operation, production, and product portfolio. In addition, the companies in the report are studied based on vital factors such as company size, market share, market growth, revenue, production volume, and profit.
The global Cancer Profiling Market is fragmented with various key players. Some of the key players identified across the value chain of the global Cancer Profiling Market include Illumina Inc. (U.S.), QIAGEN (Germany), NeoGenomics Laboratories Inc. (U.S.), HTG Molecular Diagnostics Inc. (U.S.), Genomic Health Inc. (U.S.), Caris Life Sciences (U.S.), Helomics Corporation (U.S.), NanoString Technologies Inc. (U.S.), Sysmex Corporation (Japan), Ribomed Biotechnologies, Inc. (U.S.) etc. Considering the increasing demand from global markets various new entries are expected in the Cancer Profiling Market at regional as well as global levels.
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Top Competitors:
Illumina Inc. (U.S.), QIAGEN (Germany), NeoGenomics Laboratories Inc. (U.S.), HTG Molecular Diagnostics Inc. (U.S.), Genomic Health Inc. (U.S.), Caris Life Sciences (U.S.), Helomics Corporation (U.S.), NanoString Technologies Inc. (U.S.), Sysmex Corporation (Japan), Ribomed Biotechnologies, Inc. (U.S.)
Understanding the Industry's Growth, has released an Updated report on the Cancer Profiling Market. The report is mixed with crucial market insights that will support the clients to make the right business decisions. This research will help new players in the global Cancer Profiling Market to sort out and study market needs, market size, and competition. The report provides information on the supply and market situation, the competitive situation and the challenges to the market growth, the market opportunities, and the threats faced by the major players.
Regional Analysis
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
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Full Analysis Of The Cancer Profiling Market:
Key findings and recommendations point to vital progressive industry trends in the global Cancer Profiling Market, empowering players to improve effective long-term policies.
The report makes a full analysis of the factors driving the development of the market.
Analyzing the market opportunities for stakeholders by categorizing the high-growth divisions of the market.
Questions answered in the report
-Who are the top five players in the global Cancer Profiling Market?
-How will the global Cancer Profiling Market change in the next five years?
-Which product and application will take the lion's share of the global Cancer Profiling Market?
-What are the drivers and restraints of the global Cancer Profiling Market?
-Which regional market will show the highest growth?
-What will be the CAGR and size of the global Cancer Profiling Market during the forecast period?
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Reasons to Purchase this Cancer Profiling Market Report:
-Analysis of the market outlook on current trends and SWOT analysis.
-The geographic and country level is designed to integrate the supply and demand organizations that drive industry growth.
-Cancer Profiling Industry dynamics along with market growth opportunities in the coming years.
-Cancer Profiling Market value (million USD) and volume (million units) data for each segment and sub-segment.
1 year consulting for analysts along with development data support in Excel. Competitive landscape including market share of major players along with various projects and strategies adopted by players in the last five years.
Market segmentation analysis including qualitative and quantitative analysis including the impact on financial and non-economic aspects.
Complete company profiles that include performance presentations, key financial overviews, current developments, SWOT analyzes and strategies used by major Cancer Profiling Market players.
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Colorectal Cancer Screening Market Global Insights: Business Demand, Top Leading Players, and Precise Outlook with Future Scope, Forecast by 2032
The Evolutionary Path of the Colorectal Cancer Screening Market
The global Colorectal Cancer Screening market has emerged as a focal point for businesses, offering a plethora of opportunities and challenges. As industries navigate this landscape, understanding its evolution becomes crucial for strategic planning and decision-making.
According to Straits Research, the global colorectal cancer screening market size was valued at USD 13734.03 Million in 2022. It is projected to reach from USD XX Million in 2023 to USD 26441.8 Million by 2031, growing at a CAGR of 7.55% during the forecast period (2023–2031).
Historically, the Colorectal Cancer Screening market has witnessed significant transformations, driven by technological innovations, regulatory changes, and shifting consumer preferences. These shifts have not only reshaped the market landscape but also presented businesses with new avenues for growth and innovation.
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Companies and Manufacturers Covered:
Key market players play a pivotal role in shaping the market narrative. By profiling industry leaders and their strategic initiatives, the report offers insights into competitive dynamics and market trends. These insights are invaluable for businesses seeking to gain a competitive edge and capitalize on emerging opportunities.
Clinical Genomics Technologies Pty Ltd
Epigenomics AG
Exact Sciences Corporation
Hemosure Inc
Novigenix SA
Quidel Corporation
Siemens Healthcare Private Limited
Sysmex Corporation
Eiken Chemical Co. Ltd
Polymedco Inc
Olympus Corporation
A recent market analysis provides a comprehensive overview of the Global Colorectal Cancer Screening Market, highlighting key growth drivers and emerging trends. This report serves as a valuable resource for businesses, offering insights into the market dynamics, competitive landscape, and growth prospects.
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The quantitative analysis accompanying the report offers a decade-long perspective on the market's trajectory. By examining historical data and forecasting future trends, stakeholders can gain a deeper understanding of market dynamics and make informed decisions.
Global Regional Outlook:
North America: North America is currently the largest market for Colorectal Cancer Screening, accounting for a significant share of the global market.
Asia Pacific: While the North America leads in market size, Asia Pacific is emerging as the fastest growing region in the Colorectal Cancer Screening market.
Research Methodology
The research methodology employed in curating this report is rigorous and comprehensive. By leveraging both primary and secondary data sources, the report ensures accuracy and reliability. Through interviews with industry experts, analysis of annual reports, and examination of Colorectal Cancer Screening market trends, the report offers a holistic view of the market landscape.
Market Segmentation:
By Screening Tests
Stool-Based Tests
Colonoscopy
Ct Colonography (Virtual Colonoscopy)
Flexible Sigmoidoscopy
By End-User
Hospitals
Independent Diagnostic Labs
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Report Features:
Actionable market intelligence for strategic decision-making
Comprehensive forecasts spanning 2018 - 2031
In-depth growth trend assessments
Segment-specific and regional revenue projections
Competitive analysis and market share insights
Innovative product listings for competitive advantage
Insights into the market implications of COVID-19
Report availability in various formats: PDF, XLS, PPT, and digital dashboards
In conclusion, the global Colorectal Cancer Screening market offers a dynamic and evolving landscape for businesses. By staying abreast of market trends, leveraging data-driven insights, and adopting a strategic approach, businesses can navigate this landscape successfully and drive growth.
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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.
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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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In Vitro Diagnostics Market Size and Regional Outlook Analysis 2024 - 2030
The global in vitro diagnostics market size is expected to reach USD 101.58 billion by 2030, according to a new report by Grand View Research, Inc. It is estimated to register a CAGR of 4.4% over the forecast period driven by the increasing geriatric population, COVID-19 pandemic, and technological advancements in diagnostics that are supporting its adoption. Technological advancements in terms of portability, accuracy, and cost-effectiveness are projected to be one of the high-impact rendering drivers. Technological advancements were further accelerated by the launch of COVID-19 IVD diagnostics and enhanced the adoption of instruments and consumables for technologies, such as PCR. Competitors in the market are increasingly adopting agreement and partnership strategies to maintain a constant flow of business for manufacturers & diagnostics for users.
These agreements are also a result of the harsh price containment strategies for government laboratories, which lowers the price in government settings. For instance, in April 2021, the Italian subsidiary of Seegene, Inc. received a USD 108.25 million tenders for public procurement for the supply of extraction reagents, as well as 7.15 million SARS-CoV-2 diagnostic tests. However, it increases the multiparty nature and complexity of the supply chain. The high prevalence of cancer and Cardiovascular Diseases (CVDs) globally is anticipated to drive diagnostic innovation to facilitate early diagnosis and meet the constantly evolving needs of consumers. Novel technologies, such as plasmonic PCR, are anticipated to commercially enter the market during the forecast period, influencing the business of existing products adversely.
Gather more insights about the market drivers, restrains and growth of the In Vitro Diagnostics Market
Detailed Segmentation:
Market Characteristics
Market growth stage is medium, and the pace of the market growth is decelerating. Decreasing demand for COVID-19 tests is hampering the growth. The market is characterized by a high degree of innovation owing to the increasing introduction of novel molecular diagnostics and immunoassay tests for multiple disease indications. Moreover, increasing demand for patient-centric tests is encouraging market players to develop technologically advanced products.
Product Insights
The reagents segment held the largest share of 65.88% of the overall revenue in 2023. The segment is expected to retain its dominance growing at the fastest CAGR from 2024 to 2030 owing to the extensive R&D initiatives undertaken by major players to develop novel reagents and test kits. For instance, in February 2023, BD received the market approval for the BD Onclarity HPV Assay to be used with the ThinPrep Pap Test in the U.S. The increasing R&D activities to enable faster cancer detection and precision medicine are allowing companies to focus on niche profitable areas in the IVD business. For instance, in March 2023, QIAGEN partnered with Servier to develop a companion diagnostic test for TIBSOVO, indicated for treating the blood cancer acute myeloid leukemia.
Technology Insights
The immunoassay segment accounted for the largest revenue share in 2023. Increasing incidence of chronic & communicable diseases and rising need for early diagnosis are among the key factors leading to an increase in demand for immunological methods, including different types of Enzyme-Linked Immunosorbent Assays (ELISAs). Moreover, key players are focused on R&D pertaining to development of new immunological diagnostic instruments and tests for IVD applications. For instance, in October 2023, Sysmex Corporation and Fujirebio Holdings, Inc. collaborated to enhance their R&D, production, clinical development, and marketing activities in immunoassay.
End-use Insights
The hospitals segment held the largest revenue share in 2023 owing to a rise in the rate of hospitalizations that require support from faster diagnostics. Moreover, the ongoing development of healthcare infrastructure and favorable initiatives taken by government bodies are anticipated to enhance the existing hospital facilities. Thus, the demand for hospital-based IVD tests is increasing. Most IVD devices are purchased by hospitals and used in significant volumes. In 2023, there are over 6,129 hospitals in the U.S. that require constant aid from IVD for critical decision-making, as IVD tests provide faster and more accurate results.
Test Location Insights
The others (lab-based tests) segment accounted for the largest revenue share in 2023. A large number of test analyses at one time and the higher accuracy of laboratory-based tests make them more reliable compared to PoC and home tests, giving segment a competitive edge over the other two segments. Moreover, the availability of tests that allow for sample collection at home and sending it to the laboratories for testing makes testing highly convenient for patients.
Application Insights
The infectious diseases segment dominated the market in 2023. The outbreak of the COVID-19 pandemic increased the segment share significantly in recent years. Moreover, key players are introducing novel testing products to improve access to high-quality, innovative laboratory services for patients & healthcare providers. For instance, in February 2023, BD received EUA from the U.S. FDA for a new molecular diagnostic combination test for SARS-CoV-2, Influenza A+B, and Respiratory Syncytial Virus (RSV). Such initiatives by key players to strengthen their presence are expected to drive market growth.
Regional Insights
North America dominated the market and accounted for a share of 42.28% in 2023. The region is estimated to retain its leading market position throughout the forecast period. The market in this region is collectively driven by factors, such as the rising incidence of chronic diseases, presence of strong players, increasing number of novel test launches, and supportive government funding. For instance, in January 2023, BD and CerTest Biotec received EUA from the U.S. FDA for a PCR test for Mpox virus detection in the U.S. Moreover, the increasing requirement for genetic testing for personalized health care, such as that for diabetes and cancer, is expected to drive market growth in North America.
Browse through Grand View Research's Clinical Diagnostics Industry Research Reports.
• The global hepatitis diagnostic market size was valued at USD 3.82 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.
• The global hematology diagnostics market size was valued at USD 7.54 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2030.
Key Companies & Market Share Insights
Some of the key players operating in the in vitro diagnostics market include F. Hoffmann-La Roche Ltd.; Abbott; Quest Diagnostics Inc.; and Danaher. Market players are adopting various strategies, such as new product launches, mergers & acquisitions, and partnerships, to strengthen their product portfolios and offer diverse technologically advanced & innovative products.
Key In Vitro Diagnostics (IVD) Companies:
• Abbott
• bioMérieux SA
• QuidelOrtho Corporation
• Siemens Healthineers AG
• Bio-Rad Laboratories, Inc.
• Qiagen
• Sysmex Corporation
• Charles River Laboratories
• Quest Diagnostics Incorporated
• Agilent Technologies, Inc.
• Danaher Corporation
• BD
• F. Hoffmann-La Roche Ltd.
In Vitro Diagnostics Market Segmentation
Grand View Research has segmented the global in vitro diagnostics (IVD) market report based on product, technology, application, end-use, test location, and region:
IVD Product Outlook (Revenue, USD Million, 2018 - 2030)
• Instruments
• Reagents
• Services
IVD Technology Outlook (Revenue, USD Million, 2018 - 2030)
• Immunoassay
o Instruments
o Reagents
o Services
• Hematology
o Instruments
o Reagents
o Services
• Clinical Chemistry
o Instruments
o Reagents
o Services
• Molecular Diagnostics
o Instruments
o Reagents
o Services
• Coagulation
o Instruments
o Reagents
o Services
• Microbiology
o Instruments
o Reagents
o Services
• Others
o Instruments
o Reagents
o Services
IVD Application Outlook (Revenue, USD Million, 2018 - 2030)
• Infectious Diseases
• Diabetes
• Oncology
• Cardiology
• Nephrology
• Autoimmune Diseases
• Drug Testing
• Others
IVD Test Location Outlook (Revenue, USD Million, 2018 - 2030)
• Point of Care
• Home-care
• Others
IVD End-use Outlook (Revenue, USD Million, 2018 - 2030)
• Hospitals
• Laboratory
• Home-care
• Others
IVD Regional Outlook (Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
• Europe
o UK
o Germany
o France
o Spain
o Italy
o Russia
o Denmark
o Sweden
o Norway
• Asia Pacific
o Japan
o China
o India
o South Korea
o Australia
o Thailand
o Singapore
• Latin America
o Brazil
o Mexico
o Argentina
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Kuwait
Order a free sample PDF of the In Vitro Diagnostics Market Intelligence Study, published by Grand View Research.
Recent Developments
• In December 2023, ARUP Laboratories and Medicover collaborated to provide diagnostic and healthcare services in Europe. ARUP Laboratories has developed AAV5 DetectCDx in collaboration with BioMarin Pharmaceutical Inc. to select therapies for severe hemophilia A patients
• In November 2023, Veracyte joined Illumina to develop molecular tests for decentralized IVD applications. Companies are focusing on the development of Prosigna breast cancer and Percepta nasal swab tests of Veracyte
• In October 2023, Promega Corporation announced its plan to develop and commercialize companion diagnostics kits with GSK Plc to identify cancer patients with MSI-H solid tumors
• In February 2023, Unilabs announced investing over USD 200 million in Siemens Healthineers' technology and acquiring more than 400 laboratory analyzers to strengthen its laboratory infrastructure
• In February 2023, F. Hoffmann-La Roche Ltd. collaborated with Janssen Biotech Inc. to develop companion diagnostics for targeted therapies. Companion diagnostic technologies include digital pathology, NGS, PCR, immunoassays, and immunohistochemistry
#In Vitro Diagnostics Market#In Vitro Diagnostics Market size#In Vitro Diagnostics Market share#In Vitro Diagnostics Market analysis#In Vitro Diagnostics Industry
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In Vitro Diagnostics Market: Revolutionizing Medical Testing
The In Vitro Diagnostics (IVD) Market is at the forefront of medical diagnostics, enabling healthcare providers to detect diseases and conditions through tests performed outside the body. As demand for early detection and accurate diagnostic tools increases, the IVD market is witnessing rapid growth. This article delves into the market segmentation, key growth drivers, and leading companies shaping the industry, providing valuable insights for decision-makers.
Market Overview
According to SkyQuest’s In Vitro Diagnostics Market report, the global IVD market is valued at USD 87.93 Billion in 2023 and is projected to grow at a CAGR of 5.3%. The market’s expansion is driven by the rising prevalence of chronic diseases, the growing importance of early disease detection, and technological advancements in diagnostics.
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Market Segmentation
By Product Type:
Reagents & Kits: Essential for a wide variety of diagnostic tests, including immunoassays and molecular diagnostics.
Instruments: Diagnostic tools such as analyzers and automated systems used in laboratories and healthcare settings.
Software & Services: Used for managing data, improving accuracy, and ensuring compliance with regulatory standards.
By Application:
Infectious Diseases: A leading segment, especially with the demand for COVID-19 diagnostics.
Cancer: Rising incidence of cancer has fueled the need for accurate diagnostic tools.
Cardiology: IVD tools for cardiovascular diseases are seeing growing demand due to an increasing global burden.
Diabetes: Blood glucose monitoring systems dominate this segment, with widespread use among diabetic patients.
Autoimmune Diseases: IVD tests play a crucial role in diagnosing autoimmune disorders.
By End-User:
Hospitals & Clinics: Major users of IVD tools, especially for infectious diseases and chronic conditions.
Diagnostic Laboratories: Central hubs for conducting a wide range of tests with high accuracy and reliability.
Research & Academic Institutions: Key in driving innovation and new test development.
Homecare Settings: Growing segment with the rise in at-home diagnostic tools, particularly for chronic conditions.
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Key Growth Drivers
Increasing Prevalence of Chronic Diseases: Rising cases of cancer, diabetes, and cardiovascular diseases are driving the demand for IVD tests.
Technological Innovations: Advancements in molecular diagnostics, AI-driven analysis, and automation are enhancing the efficiency and accuracy of diagnostic tools.
Demand for Personalized Medicine: IVD plays a pivotal role in tailoring treatments to individual patients, fueling market growth.
Aging Population: As the global population ages, the demand for diagnostic tests for age-related diseases like Alzheimer’s and cardiovascular conditions is on the rise.
Leading Companies in the Market
SkyQuest’s In Vitro Diagnostics Market report highlights the following key players in the industry:
Roche Diagnostics
Abbott Laboratories
Thermo Fisher Scientific Inc.
Danaher Corporation
Siemens Healthineers
Bio-Rad Laboratories, Inc.
Becton, Dickinson and Company
bioMérieux SA
Qiagen N.V.
Sysmex Corporation
Read More at: - https://www.skyquestt.com/report/in-vitro-diagnostics-market
Challenges and Opportunities
While regulatory hurdles and high costs of advanced diagnostic tools remain challenges, the IVD market offers numerous opportunities. The increasing focus on point-of-care testing and the integration of AI in diagnostics present significant growth avenues for industry players.
Future Outlook
The In Vitro Diagnostics Market is set to experience robust growth as healthcare shifts towards early detection and preventive care. Companies that invest in cutting-edge technologies and innovative diagnostic solutions will be well-positioned to lead in this evolving market.
The In Vitro Diagnostics Market is transforming the healthcare landscape, offering essential tools for early diagnosis and effective treatment planning. Decision-makers who stay ahead of trends and leverage technological advancements will thrive in this rapidly growing industry. For more detailed insights, explore SkyQuest’s In Vitro Diagnostics Market report.
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州長訪日好消息--Sysmex America 將擴展伊州業務
(芝加哥時報報導)伊利諾州州長J.B. 普利茲克在日本的訪問宣佈了好消息, 一家日本Sysmex Corporation的子公司Sysmex America, Inc.將擴展其在伊利諾州的業務,這一消息受到了當地政府與醫療行業的高度關注。該公司以製造醫療診斷設備聞名,尤其是在血液檢測及自動化診斷技術領域處於全球領先地位。此次擴展計劃將集中於伊利諾州東北部的萊克郡(Lake County),預計新增110個全職工作崗位,並保留現有的550個工作機會。 Continue reading 州長訪日好消息–Sysmex America 將擴展伊州業務
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Overview of Liquid Biopsy in Breast Cancer: Innovations and Applications
The global breast cancer liquid biopsy market size reached USD 5.14 Billion in 2022 and is expected to register a revenue CAGR of 22.7% during the forecast period, according to latest analysis by Emergen Research. Rising demand for minimally invasive approaches in oncology is driving revenue growth of the market. Liquid biopsy is a non-invasive method for identification of tumor markers, either as an alternative for patients whose tissue is unable to be biopsied, or to evaluate drug response. It is less costly than tumor tissue biopsy and offers an accurate understanding of genomic landscape of a tumor. Liquid biopsy is witnessing increased demand in diagnosis of solid and other tumors. In addition, one of the other key factors driving market revenue growth is expansion of research & development into the creation of breast cancer liquid biopsy solutions to address breast-related issues and conditions. Development of novel technologies is made possible by the increasing number of research activities carried out by an array of institutions around the world. Effectiveness of newer technologies makes it easier for them to enter the market.
The report digs into the key segments and sub-segments of the industry and offers a thorough study of the industry’s leading regional markets, competitive scenario, product and application segments, technology landscape, sales & distribution networks, and key industry statistics. Market insights included in the report have been compiled through extensive research, detailed market surveys, and expert interviews.
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The leading market contenders listed in the report are: The Menarini Group, NeoGenomics Laboratories, F. Hoffmann-La Roche Ltd., Myriad Genetics, Inc., QIAGEN, Biocept, Inc., Sysmex Corporation, Fluxion Biosciences, Inc., Epic Sciences, Inc., and Thermo Fisher Scientific Inc
The research study examines historic data from 2018 and 2020 to draw forecasts until 2030. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs. To Visit Full Report & Table of Contents Breast Cancer Liquid Biopsy Market: https://www.emergenresearch.com/industry-report/breast-cancer-liquid-biopsy-market
Market Overview: The report bifurcates the Breast Cancer Liquid Biopsy market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment. Segments Covered in this report are:
Application Outlook (Revenue, USD Billion; 2019-2032)
Early Detection/Screening
Diagnosis
Others
Circulating Biomarker Outlook (Revenue, USD Billion; 2019-2032)
Circulating Tumor Cells
Extracellular Vesicles
Others
Regional Outlook (Revenue, USD Billion; 2019–2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. Get An Impressive Discount On This Report@ https://www.emergenresearch.com/request-discount/1816
Regional Analysis Covers: North America (U.S., Canada) Europe (U.K., Italy, Germany, France, Rest of EU) Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC) Latin America (Chile, Brazil, Argentina, Rest of Latin America) Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key reasons to buy the Global Breast Cancer Liquid Biopsy Market report:
The latest report comprehensively studies the global Breast Cancer Liquid Biopsy market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
The report offers an insightful analysis of the regional outlook of the market.
It offers a detailed account of the end-use applications of the products & services offered by this industry.
The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Exploring the IgE Test Market: Size, Share, and Growth Opportunities Through 2032
Introduction
The global immunoglobulin E (IgE) test market has experienced steady growth in recent years, driven by increasing awareness of allergic diseases, rising prevalence of asthma and food allergies, and advances in diagnostic technologies. IgE tests are a critical diagnostic tool used to detect allergic responses to specific substances, making them essential in allergy management and treatment.
Market Size and Forecast
Ige Test Market Size was estimated at 1.84 (USD Billion) in 2023. The Ige Test Market Industry is expected to grow from 1.9 (USD Billion) in 2024 to 2.5 (USD Billion) by 2032. The Ige Test Market CAGR (growth rate) is expected to be around 3.49% during the forecast period (2024 - 2032).Factors contributing to this growth include increasing healthcare expenditure, rising incidences of allergic conditions, and the demand for early diagnosis and treatment of allergies.
The adoption of IgE tests has been expanding globally, especially in regions where allergic conditions such as rhinitis, asthma, and food allergies are becoming more prevalent. With the continuous rise in these allergic conditions, coupled with advancements in diagnostic technologies, the IgE test market is poised for substantial growth through 2032.
Market Share Analysis
The IgE test market is highly competitive, with several key players dominating the landscape. Some of the leading companies in this sector include Thermo Fisher Scientific, Sysmex Corporation, EKF Diagnostics, Siemens Healthineers, Roche Diagnostics. These companies hold a significant share of the market due to their strong product portfolios, advanced diagnostic technologies, and extensive distribution networks.
Hospitals, diagnostic laboratories, and specialty clinics are the primary end-users of IgE tests, as they rely on these diagnostic tools to identify and manage allergic diseases. Diagnostic laboratories, in particular, hold a substantial share of the market due to the growing trend of outsourcing laboratory services to specialized facilities that can offer efficient, high-volume testing.
Geographically, North America is the largest market for IgE tests, primarily due to the region’s well-established healthcare infrastructure, high prevalence of allergies, and growing demand for allergy diagnostics. Europe follows closely, driven by increasing allergy cases and advancements in medical technology. However, the Asia-Pacific region is expected to witness the highest growth rate during the forecast period, as healthcare awareness and expenditure continue to rise in countries like China and India.
Key Market Drivers
Rising Prevalence of Allergic Diseases: The increasing incidence of allergic diseases such as asthma, food allergies, and allergic rhinitis is one of the primary drivers of the IgE test market. The World Allergy Organization (WAO) reports that over 20% of the global population suffers from allergic conditions, and this number is expected to rise. As a result, the demand for IgE tests is growing, as these tests are essential in diagnosing allergies and determining specific allergen sensitivities.
Advancements in Diagnostic Technologies: Technological advancements in allergy diagnostics have made IgE tests more accurate, faster, and easier to use. The development of automated diagnostic platforms has revolutionized allergy testing, enabling faster and more efficient processing of large volumes of samples. Moreover, innovations such as point-of-care testing (POCT) are expanding the accessibility of IgE tests, allowing for more rapid diagnosis and treatment.
Increasing Awareness and Early Diagnosis: Growing awareness of the impact of allergic diseases on health is driving the demand for early diagnosis. Healthcare providers and patients alike are recognizing the importance of timely and accurate allergy testing in managing conditions such as asthma and food allergies. Early diagnosis allows for better disease management, reducing the burden on healthcare systems and improving patient outcomes.
Rising Healthcare Expenditure: The global increase in healthcare spending, especially in emerging economies, is expected to drive the growth of the IgE test market. As governments and private organizations invest in healthcare infrastructure, the demand for diagnostic services, including IgE testing, is likely to rise.
Market Trends
Shift Toward Personalized Medicine: There is a growing trend toward personalized medicine in allergy treatment, with a focus on identifying specific allergens that trigger symptoms in individual patients. IgE tests play a key role in this approach, providing clinicians with the information needed to tailor treatment plans to the unique needs of each patient.
Increasing Use of Point-of-Care Testing (POCT): The adoption of point-of-care IgE testing is on the rise, particularly in outpatient and home healthcare settings. POCT offers several advantages, including faster results, convenience, and ease of use, making it an attractive option for healthcare providers and patients. As the technology continues to improve, it is expected to play a significant role in the future of IgE testing.
Rising Demand for At-Home Allergy Testing Kits: The growing demand for at-home testing solutions is another trend shaping the IgE test market. At-home allergy testing kits allow individuals to test for specific allergens from the comfort of their homes, providing a convenient alternative to traditional laboratory-based tests. This trend is expected to gain momentum as consumers increasingly seek accessible healthcare solutions.
Focus on Emerging Markets: The IgE test market is expanding rapidly in emerging markets such as Asia-Pacific and Latin America. These regions are experiencing a rise in allergic conditions due to changing environmental factors, urbanization, and increasing awareness of healthcare. Governments and private healthcare providers in these regions are investing in allergy diagnostics, providing significant growth opportunities for market players.
Conclusion
The IgE test market is poised for significant growth through 2032, driven by rising awareness of allergic diseases, technological advancements in diagnostics, and increasing healthcare expenditure. As personalized medicine and point-of-care testing become more prevalent, the demand for IgE tests will continue to rise. Emerging markets present new opportunities for growth, as healthcare infrastructure and awareness expand in regions such as Asia-Pacific and Latin America. With its crucial role in allergy diagnostics and disease management, the IgE test market is set to play an increasingly important role in global healthcare.
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Coagulation Markers Market By Product Type, By Manufacturers, By End-User And Market Trend Analysis Forecast 2033
The Coagulation Markers Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Coagulation Markers Global Market Report 2024, The coagulation markers market size is expected to see strong growth in the next few years. It will grow to $1.52 billion in 2028 at a compound annual growth rate (CAGR) of 6.9%. The growth in the forecast period can be attributed to a growing incidence of chronic diseases, rising adoption of personalized medicine, a growing global population, rising healthcare expenditures, and expansion in emerging markets. Major trends in the forecast period include the integration of AI and machine learning, the development of novel biomarkers, enhanced point-of-care technologies, automation in laboratories, wearable health technologies, telehealth and remote monitoring, and sustainable diagnostic practices.
The rise in the prevalence of blood disorders is expected to propel the growth of the coagulation markers market going forward. Blood disorders refer to a wide range of conditions that affect the blood's ability to function correctly. The prevalence of blood disorders is growing due to aging populations, increased awareness, and improved diagnostic capabilities. Coagulation markers help diagnose and manage blood disorders by assessing clotting function, identifying abnormalities, and monitoring treatment effectiveness for conditions like hemophilia and thrombosis. For instance, in May 2024, according to the Leukaemia Foundation, an Australia-based non-profit organization, currently around 135,000 people in Australia are living with a blood cancer or blood disorder, with this number projected to exceed 275,000 by 2035. Therefore, an increasing prevalence of blood disorders is driving the coagulation marker market.
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The coagulation markers market covered in this report is segmented –
1) By Product: D-Dimer Assay, Fibrinogen Assay 2) By Sample Type: Plasma, Whole Blood Sample, Other Sample Types 3) By Technology: Fluorescence Immunoassay, Enzyme-Linked Immuno Sorbent Assay (ELISA), Rapid Test, Particle Enhanced Immunoturbidimetric Assay 4) By Application: Deep Venous Thrombosis (DVT), Pulmonary Embolism (PE), Disseminated Intravascular Coagulation (DIC), Trauma, Other Applications 5) By End User: Hospital, Specialty Clinics, Academic And Research Institute, Diagnostics Laboratories
Major companies operating in the coagulation markers market are focusing on developing technologically innovative solutions, such as automated blood coagulation analyzers, to improve diagnostic accuracy, enhance efficiency, and provide faster results for better patient management. An automated blood coagulation analyzer is a medical device that automatically performs various tests to evaluate blood clotting function, providing rapid and accurate results for diagnosing and managing coagulation disorders. For instance, in July 2021, Sysmex Corporation, a Japan-based provider of in-vitro diagnostic solutions, announced the launch of its new automated blood coagulation analyzers named CN-6000 and CS-5100, designed to provide efficient and accurate coagulation testing in clinical laboratories. The CN-6000 is a fully automated coagulation analyzer with a maximum throughput of 240 tests per hour, featuring automatic sample pre-treatment, clot detection, and quality control management. The CS-5100, on the other hand, is a compact and versatile coagulation analyzer suitable for small to medium-sized laboratories, offering a throughput of up to 120 tests per hour and a user-friendly interface. Both analyzers support a wide range of coagulation assays and are designed to streamline coagulation testing workflows, improve turnaround times, and enhance patient care in clinical laboratories.
The coagulation markers market report table of contents includes:
1. Executive Summary
2. Coagulation Markers Market Characteristics
3. Coagulation Markers Market Trends And Strategies
4. Coagulation Markers Market - Macro Economic Scenario
5. Global Coagulation Markers Market Size and Growth ............
32. Global Coagulation Markers Market Competitive Benchmarking
33. Global Coagulation Markers Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Coagulation Markers Market
35. Coagulation Markers Market Future Outlook and Potential Analysis
36. Appendix
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𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐩𝐨𝐭𝐥𝐢𝐠𝐡𝐭 𝐨𝐧 𝐭𝐡𝐞 𝐌𝐚𝐥𝐚𝐫𝐢𝐚 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭
𝐒𝐞𝐜𝐮𝐫𝐞 𝐚 𝐅𝐑𝐄𝐄 𝐒𝐚𝐦𝐩𝐥𝐞: https://www.nextmsc.com/malaria-diagnostics-market/request-sample
The fight against malaria remains one of the most pressing challenges in global health, especially in regions where the disease burden is highest. The 𝐌𝐚𝐥𝐚𝐫𝐢𝐚 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 is playing a pivotal role in this battle, providing essential tools that enable timely and accurate detection of the disease.
𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:
𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐃𝐢𝐚𝐠𝐧𝐨𝐬𝐭𝐢𝐜 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬: The development of rapid diagnostic tests (RDTs) and molecular diagnostics has revolutionized malaria detection, allowing for quicker and more precise results.
𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞𝐬 & 𝐅𝐮𝐧𝐝𝐢𝐧𝐠: Continued support from global health organizations and governments is driving innovation and accessibility, particularly in endemic regions.
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐀𝐰𝐚𝐫𝐞𝐧𝐞𝐬𝐬: Increased public awareness and educational campaigns have underscored the importance of early diagnosis in reducing malaria-related morbidity and mortality.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐏𝐫𝐨𝐬𝐩𝐞𝐜𝐭𝐬: The Malaria Diagnostics Market is expected to witness substantial growth in the coming years, driven by technological advancements, expanding healthcare infrastructure, and sustained efforts to eradicate malaria.
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: The global malaria diagnostic market is comprising of various market players such as:
Access Bio Inc.
Alere Inc.
Novartis Diagnostics
Premier Medical Corporation Ltd.
Sysmex Corporation
Beckman Coulter, Inc.
Abbott Siemens Healthcare
Wako Chemicals Inc.
Olympus Corporation
Novartis AG
As we continue to innovate and invest in this critical area, we move closer to a world free from the burden of malaria. Together, we can make a difference.
#malariadiagnostics#globalhealth#healthcareinnovation#medicaltechnology#publichealth#diagnostics#marketresearch#markettrends#businessinsights
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Immunoassay Market to Hit $47993.78 Million by 2032
The global Immunoassay Market was valued at USD 29438.72 Million in 2024 and it is estimated to garner USD 47993.78 Million by 2032 with a registered CAGR of 6.3% during the forecast period 2024 to 2032.
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The global Immunoassay Market can be segmented on the basis of product type, Applications, distribution channel, market value, volume, and region [North America, Europe, Asia Pacific, Latin America, Middle East, and Africa]. The Immunoassay Industry 2024 report provides a comprehensive overview of critical elements of the industry including drivers, restraints, and management scenarios.
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Top Players
Danaher (US), Thermo Fisher Scientific (US), Abbott Laboratories (US), Roche (Switzerland), Siemens Healthineer (Germany), Quidel (US), DiaSorin (Italy), bioMérieux (France), Bio-Rad Laboratories (US), Ortho Clinical Diagnostics (US), PerkinElmer (US) Becton, Dickinson & Company (US), Sysmex (Japan), Agilent Technologies (US), Mindray (China), QIAGEN (Netherlands), Merk KGaA (Germany), Bio-Techne (US), Cellabs (Australia), Abnova Corporation (Taiwan), J. Mitra & Co. Pvt. Ltd. (India), Tosoh Corporation (Japan), Cell Sciences (US), Enzo Biochem, Inc.(US), Creative Diagnostics (US), Boster Biological Technology (US), Elabscience, Inc (US), WAK-Chemie Medical GmbH (Germany), Sera Care (US), Epitope Diagnostics Inc. (US), Kamiya Biomedical Company (US) and Gyros Protein Technologies (Sweden)
Trending 2024: Immunoassay Market Report Highlights:
A comprehensive assessment of the parent Industry
Development of key aspects of the business
A study of industry-wide market segments
Evaluation of market value and volume in past, present, and future years
Evaluation of market share
Tactical approaches of market leaders
Innovative strategies that help companies to improve their position in the market
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Analysis Of The Top Companies, Product Types, and Applications In The Market Report:
This report provides sales, revenue growth rate, and verified information about the major players. Also includes a regional analysis and a labor cost analysis, tables, and figures. It also highlights characteristics such as technological growth. The product type segment is expected to continue to maintain its leading position in the future and capture a significant market share based on sales. This report provides analysis, discussion, forecast, and debate on key industry trends, market share estimates, Industry size, and other information. This report also discusses drivers, risks, and opportunities.
Global Immunoassay Market report contains detailed data and analysis on the Immunoassay Market drivers, restraints, and opportunities. Experts with market and industry knowledge as well as research experience from regional experts validate the report. The Immunoassay Market report provides forecast, historical and current revenue for each industry, region, and end-user segment.
Regions Included
-North America [United States, Canada, Mexico]
-South America [Brazil, Argentina, Columbia, Chile, Peru]
-Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
-Middle East & Africa [GCC, North Africa, South Africa]
-Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Global Immunoassay Market report data will help you make more informed decisions. For example, in relation to prices, distribution channels are means of marketing or identifying opportunities to introduce a new product or service. These results will also help you make more informed decisions about your existing operations and activities.
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You Can Use The Immunoassay Market Report To Answer The Following Questions:
What are the growth prospects of the Immunoassay Market business?
Who are the key manufacturers in the Immunoassay Market space?
What Forecast Period for Global Immunoassay Industry Report?
What are the main segments of the global Immunoassay Market?
What are the key metrics like opportunities and market drivers?
The Immunoassay Market Insights
Product Development/Innovation: Detailed Information On Upcoming Technologies, R&D Activities, And Product Launches In The Market.
Competitive Assessment: In-Depth Assessment Of Market Strategies, Geographic And Business Segments Of Key Market Players.
Market Development: Comprehensive Information On Emerging Markets. This Report Analyzes The Market For Different Segments In Different Regions.
Market Diversification: Comprehensive Information On New Products, Untapped Regions, Latest Developments, And Investments In The Immunoassay Market.
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#Immunoassay Market#Immunoassay Market 2024#Global Immunoassay Market#Immunoassay Market outlook#Immunoassay Market Trend#Immunoassay Market Size & Share#Immunoassay Market Forecast#Immunoassay Market Demand#Immunoassay Market sales & price
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Colorectal Cancer Screening Market Primed for Growth due to Rising Disease Prevalence
The colorectal cancer screening market involves various procedures and diagnostic tests for early detection and prevention of colorectal cancer. Some common screening methods include fecal occult blood tests, flexible sigmoidoscopy, double-contrast barium enema, and colonoscopy. Colorectal cancer screening helps detect precancerous polyps or early stage cancer that can often be treated successfully. It also aids in lowering the incidence and mortality of this preventable disease.
The global colorectal cancer screening market is estimated to be valued at US$ 15.44 Bn in 2024 and is expected to exhibit a CAGR of 7.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the colorectal cancer screening market are Polymedco Inc., Eiken Chemical Co. Ltd., Sysmex Corporation, Siemens Healthineers AG, Quidel Corporation, Novigenix SA, Hemosure Inc., Exact Sciences Corp., Epigenomics Inc., Olympus Corporation, Clinical Genomics Technologies Pty Ltd., Exact Sciences Corporation, Clinical Genomics, Guardant Health, Inc., Hemosure Inc., and Geneoscopy, Inc. These players are focused on launching advanced and easy-to-use screening tests to expand their presence.
The Colorectal Cancer Screening Market Size for players to leverage the growing awareness about early detection and increase screening rates in developing countries. Companies are engaging in partnerships and collaborations to penetrate developing markets and make screening accessible to a wider population.
Globally, there is an increasing focus on population-based screening programs to reduce the burden of colorectal cancer. Several regions have implemented organized screening programs through healthcare facilities. Meanwhile, growing pilot programs in Asian and Latin American countries indicate the potential for market expansion. Market Drivers
The rapid rise in colorectal cancer incidence worldwide due to lifestyle changes, obesity, and Colorectal Cancer Screening Market Size And Trends It is estimated that the number of new cases diagnosed each year will increase by 60% by 2030. Growing disease prevalence enhances the need for widespread screening practices to detect cancer at treatable stages. Additionally, increasing reimbursement for FDA-approved screening tests, favorable government initiatives, and rising awareness about early detection are supporting the adoption of screening worldwide. PEST Analysis Political: Government regulations and healthcare reforms impact the adoption of colorectal cancer screening tests. Favorable reimbursement policies can boost the market growth. Economic: Rising healthcare expenditures and growing disposable incomes encourage people to opt for preventive healthcare check-ups including colorectal cancer screening tests. Social: Increasing awareness about early detection benefits, changing lifestyles, and growing geriatric population drive the demand for colorectal cancer screening. Technological: Advancements in biopsy techniques, endoscopy devices, diagnostic platforms enable detection of colorectal cancer at an early stage. Novel non-invasive tests based on blood, stool and CSF analysis are gaining traction.
Colorectal cancer screening market in terms of value is highly concentrated in developed regions like North America and Western Europe due to established healthcare infrastructure and widespread awareness. The United States dominates the market owing to favorable reimbursement policies and regular screening recommendations.
Asia Pacific is recognized as the fastest growing regional market for colorectal cancer screening attributed to rising healthcare spending, growing number of screening programs, and increasing incidence of colorectal cancer cases especially in China, Japan and India. Improving diagnostic capabilities and economic development are expected to boost early detection in Asia Pacific over the forecast period. Get More Insights On, Colorectal Cancer Screening Market About Author: Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163
#Colorectal Cancer Screening Market Size#Colorectal Cancer Screening Market Tremds#Colorectal Cancer Screening Market Demand#Colorectal Cancer Screening#Colorectal Cancer Screening Market
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Hematology Analyser Market Size, Share, Trends, Growth Opportunities, Key Drivers and Competitive Outlook
"Hematology Analyser Market – Industry Trends and Forecast to 2028
Global Hematology Analyser Market, By Product and Services (Hematology Products and Services, Hemostasis Products, and Services, Immunohematology Products and Services), Price Range (High-End Hematology Analysers, Mid-Range Hematology Analysers, and Low-End Hematology Analysers), End User (Hospital Laboratories, Commercial Service Providers, Government Reference Laboratories, Research and Academic Institutes), and 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 the Middle East and Africa) Industry Trends and Forecast to 2028.
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**Segments**
- Product Type: - Automated Hematology Analyzers - Semi-Automated Hematology Analyzers - Modality: - Standalone Hematology Analyzers - Point-of-Care Hematology Analyzers - End-User: - Hospitals - Diagnostic Laboratories - Research Institutes
The hematology analyser market can be segmented into different categories based on various factors. Product type is a significant segmentation category, which includes automated and semi-automated hematology analyzers. Automated analyzers are preferred for their efficiency and accuracy in processing a large volume of samples, while semi-automated analyzers offer more cost-effective solutions for certain settings. Another crucial segmentation is based on modality, where standalone analyzers are commonly used in centralized labs for high-volume testing, and point-of-care analyzers are gaining popularity for their rapid results and ease of use in decentralized settings. The end-user segment includes hospitals, diagnostic laboratories, and research institutes, each having specific requirements and preferences when it comes to hematology analyzers.
**Market Players**
- Sysmex Corporation - Abbott - Beckman Coulter, Inc. - Siemens Healthineers - HORIBA, Ltd. - Nihon Kohden Corporation - Bio-Rad Laboratories, Inc. - F. Hoffmann-La Roche Ltd - Mindray - Boule Diagnostics AB
The global hematology analyser market is highly competitive, with several key players driving innovation and technological advancements in the field. Sysmex Corporation, a leading player, offers a wide range of hematology analyzers known for their reliability and accuracy. Abbott and Beckman Coulter, Inc. are also prominent market players known for their cutting-edge solutions in hematology testing. Siemens Healthineers and HORIBA, Ltd. are recognized for their diverse product portfolios catering to different laboratory settings. Nihon Kohden Corporation and Bio-Rad Laboratories, Inc. are otherThe global hematology analyzer market is witnessing significant growth due to the increasing prevalence of blood disorders, the rising demand for quick and accurate diagnosis, and technological advancements in hematology testing devices. Market players such as Sysmex Corporation, Abbott, Beckman Coulter, Siemens Healthineers, HORIBA, Nihon Kohden Corporation, Bio-Rad Laboratories, F. Hoffmann-La Roche Ltd, Mindray, and Boule Diagnostics AB are actively involved in introducing innovative products to cater to the diverse needs of end-users.
Sysmex Corporation, a pioneer in the hematology analyzer market, offers a comprehensive range of analyzers known for their high precision, sensitivity, and reliability. The company's XN-Series automated hematology analyzers are widely used in clinical laboratories worldwide for their advanced technology and accurate results. Sysmex has a strong presence in major regions globally and continues to invest in research and development to enhance its product portfolio.
Abbott and Beckman Coulter, Inc. are also leading market players known for their advanced hematology analyzers and integrated solutions. Abbott's CELL-DYN series of analyzers are well-regarded for their efficiency and performance in hematology testing. Beckman Coulter, Inc. offers a range of hematology analyzers, such as the DxH series, which provide high throughput and accurate results, making them ideal for high-volume testing facilities.
Siemens Healthineers and HORIBA, Ltd. are key players known for their diverse product offerings in the hematology analyzer market. Siemens Healthineers' ADVIA series of analyzers are renowned for their advanced digital imaging technology and automation capabilities, enhancing workflow efficiency in laboratories. HORIBA, Ltd. provides a range of hematology analyzers suitable for different laboratory sizes and requirements, catering to both centralized and point-of-care testing settings.
Nihon Kohden Corporation and Bio-Rad Laboratories, Inc. are also influential players in the hematology analyzer market, known for their**Global Hematology Analyser Market Segments:**
- **Product Type:** - Automated Hematology Analyzers - Semi-Automated Hematology Analyzers
- **Modality:** - Standalone Hematology Analyzers - Point-of-Care Hematology Analyzers
- **End-User:** - Hospitals - Diagnostic Laboratories - Research Institutes
The hematology analyzer market segmentation into product type, modality, and end-user sectors provides insights into the diverse needs and preferences of consumers within the healthcare industry. Automated hematology analyzers are favored for their efficiency in processing large sample volumes, while semi-automated analyzers offer cost-effective solutions. Standalone analyzers cater to centralized labs for high-volume testing, whereas point-of-care analyzers are gaining traction for their rapid results in decentralized settings. End-users such as hospitals, diagnostic laboratories, and research institutes each have specific requirements that drive the demand for tailored hematology analyzer solutions.
**Global Hematology Analyser Market Analysis:**
The global hematology analyzer market is witnessing substantial growth due to factors such as the increasing prevalence of blood disorders, demand for accurate diagnostic tools, and technological advancements. Key market players such as Sysmex Corporation, Abbott, Beckman Coulter, Siemens Healthineers, and others are actively innovating to meet the evolving needs of end-users across different segments. Sysmex Corporation's XN-Series automated analyzers are renowned for their precision and reliability
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Hematology Analyser Market Landscape
Part 04: Global Hematology Analyser Market Sizing
Part 05: Global Hematology Analyser Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Hematology Analyser Key Benefits over Global Competitors:
The report provides a qualitative and quantitative analysis of the Hematology Analyser Market trends, forecasts, and market size to determine new opportunities.
Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
Top impacting factors & major investment pockets are highlighted in the research.
The major countries in each region are analyzed and their revenue contribution is mentioned.
The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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